Standard Batteries Ltd

Standard Batteries Ltd closes trading window from October 1, 2026 until 48 working hours after the unaudited financial results for the quarter and half year ended September 30, 2026 are made public.

AGM details and key resolutions

• 79th adjourned AGM held Sept 1, 2026 at 11:30 AM via VC/OAVM.
• Original AGM adjourned for lack of quorum; quorum met at adjourned meeting.
• Record date 18-08-2026; total shareholders on record 14,276.
• Resolutions: 1) Adoption of standalone financials; 2) Re-appointment of Pradip Bhar; 3) GM (KMP) appointment.
• All resolutions passed unanimously.
• Voting results: Resolution 1 — 2,100,282 votes polled and in favour; 100%.
• Resolution 2 — 975,973 polled; 975,973 in favour; 100%.
• Resolution 3 — 765 polled; 765 in favour; 100%.
• Total votes polled across resolutions: 3,077,020; all in favour.
• Dividend: No dividend proposed or declared.
• Attendance: 4 promoter group and 2 public present via VC; 6 total.
• No material related party transactions disclosed.
• No auditor appointment changes disclosed.

AGM Details

• 79th Adjourned AGM; record dates fixed from 19 Aug 2026 to 1 Sep 2026.
• No time, mode, or agenda details provided in this excerpt.

AGM details

• Original AGM set for 25 Aug 2026; adjourned due to insufficient quorum.
• Adjourned AGM to be held on Sept 1, 2026 at 11:30 AM via VC/OAVM.
• Book closure extended to Sept 1, 2026; revised period Aug 19 to Sept 1, 2026.
• Quorum not present; meeting adjourned per law; business to be transacted at adjourned AGM.

Board actions

• Approved Un-Audited financial results for the quarter ended 30 June 2026.
• Auditors' limited review report issued with un-modified opinion.
• Board meeting held on 12 August 2026 from 04:00 to 04:30 PM.

Financial snapshot

• Revenue from operations: Nil.
• Other income: ₹10.13 lakh.
• Total income: ₹10.13 lakh.
• Profit before tax: ₹(49.60) lakh.
• Net profit / loss: ₹(49.60) lakh.
• Earnings per share: ₹(0.96).
• Year-end cash and cash equivalents: ₹6.63 lakh.

Capital and dividends

• Authorized capital: ₹14.75 cr; paid-up capital: ₹51.71 lakh.
• No change in capital during FY25-26.
• Dividend declared: none for year.
• Major holders: LIC 18.87%, McLeod Russel 19.41%.
• Other top holders: Bishnauth 14.81%, Williamson Magor 5.58%, Williamson Financial 0.81%.

Operations and segment

• No significant turnover; company posted a net loss.
• Single operating segment: steel trading.
• Negative net worth due to losses.
• Cash flow from operations was negative.

Governance and audits

• Statutory auditors: M/s V. Singhi & Associates.
• Secretarial auditors: M/s R. N. Shah & Associates.
• Internal auditors: Jignesh Raithatha & Associates.
• Audit committee: Ajmera, Bharania, Bhagania, Biyani.
• AGM 79th via VC on 25 Aug 2026.

Related party transactions

• Remuneration to KMP: Landge ₹4.89 lakh; Sanghavi ₹17.17 lakh.
• Advance payments to related parties: ₹0.30 lakh.
• Inter-company loan: ₹470 lakh outstanding; impairment posted.
• Receivable from KMP: ₹5.70 lakh; payable to KMP: ₹0.30 lakh.
• Promoter-group loans outstanding: ₹470 lakh.

Legal & contingent liabilities

• Tax disputes with central/state authorities totaling ~₹33.75 lakh.
• Litigation: Howrah Motor Co. claim ₹63.97 lakh; counterclaim ₹49.67 lakh.
• Bank guarantee outstanding: ₹5.27 lakh.
• Overdue inter-company deposits: ₹470 lakh.

Outlook, risk and controls

• Outlook: competition remains intense; margins under pressure.
• Risks: credit, liquidity, regulatory changes; risk management in place.
• Internal controls robust; audits confirm adequacy.
• ECS dividend mandate implemented; dematerialization at 88.81%.