3b films has scheduled its 12th Annual General Meeting (AGM) for August 8, 2026, to seek shareholder approval for increasing its authorized share capital and adopting audited financial statements. The meeting will be held at 3:30 PM at the company's corporate office in Vadodara, Gujarat.

The board proposes raising the authorized share capital from ₹52,00,00,000 to ₹1,25,00,00,000. This increase involves creating an additional 7,30,00,000 equity shares of ₹10 each, ranking pari-passu with existing shares. The alteration to the capital clause of the Memorandum of Association is intended to broaden the capital structure and facilitate future share issuances.

Agenda for the 12th AGM

The ordinary business includes the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Mukesh Dhanjibhai Babariya (DIN: 06904399) as a Non-Executive Director. Mr. Babariya retires by rotation at this meeting and, being eligible, offers himself for re-appointment.

The special business focuses on the resolution to increase the authorized share capital. The draft amended Memorandum of Association has been made available for inspection on the company's website.

E-Voting and Shareholder Participation

Remote e-voting will be available from August 5, 2026, at 9:00 AM to August 7, 2026, at 5:00 PM IST. Shareholders holding shares as on the record date of August 1, 2026, are eligible to vote. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting process.

M/s. K H RAO & Co., Practicing Company Secretary, has been appointed as the scrutinizer to ensure a transparent voting process. The results of the voting will be declared on the company’s website within two working days of the conclusion of the AGM.

3B Films Limited reported a 63.5% decline in net profit to ₹18.43 crore for the financial year ended March 31, 2026, compared to ₹50.51 crore in the previous year. Revenue from operations fell 29.6% to ₹600.13 crore from ₹853.08 crore in FY25, impacted by challenging market conditions, raw material price volatility, and subdued demand in certain end-user segments.

Financial Performance

The company’s total income for FY26 stood at ₹619.85 crore, down from ₹858.85 crore in the prior year. Total expenses decreased to ₹598.70 crore from ₹800.61 crore. Profit before tax declined to ₹21.16 crore from ₹58.25 crore. The board of directors has decided to transfer the entire net profit of ₹18.43 crore to reserves and surplus and did not recommend any dividend for the year to conserve resources.

Operational Highlights and Capital Structure

Despite the financial downturn, the management emphasized that the company’s fundamentals remain strong, supported by customer relationships and operational capabilities. The company successfully completed its Initial Public Offering (IPO) during the year, listing its equity shares on the BSE SME platform on June 6, 2025. The paid-up equity share capital increased to ₹24.77 crore following the issue.

To facilitate future capital raising and broad-base the capital structure, the Board has proposed increasing the authorized share capital from ₹52 crore to ₹125 crore. This involves creating an additional 73,00,000 equity shares of ₹10 each. The proposal will be put to shareholder vote at the upcoming Annual General Meeting (AGM) on August 8, 2026.

Governance and Compliance

The statutory auditors, M/s. A O Mittal & Associates, reported that the company has adequate internal financial controls over financial reporting operating effectively as of March 31, 2026. The auditors noted no material frauds or qualifications in their report. However, the secretarial audit report highlighted certain compliance delays, including the late submission of financial results and AGM proceedings relative to listing regulations. Additionally, the company did not spend its required Corporate Social Responsibility (CSR) allocation of ₹8.74 lakh during the year.