Bright Brothers has scheduled its 79th Annual General Meeting for September 18, 2026, at the Walchand Hirachand Hall in Mumbai.

The company issued the notice on August 25, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice of AGM and the Annual Report for the financial year 2025-26 are available on the company website.

Meeting Agenda

Shareholders will transact ordinary business including the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. The Board will also propose a dividend declaration on equity shares for FY26.

Mrs. Devika Bhojwani, Whole-time Director, is liable to retire by rotation and offers herself for re-appointment.

Special Business Resolutions

The meeting will consider two special resolutions:

• Ratification of remuneration for Cost Auditors M/s. Joshi Apte & Associates for FY27. The approved fee is ₹2,50,000 plus applicable tax and out-of-pocket expenses.
• Re-appointment of Mr. Kuchimanchi Viswanath as an Independent Director for a term commencing from the conclusion of the meeting.

Voting Details

September 11, 2026 is the cut-off date for determining eligible members for voting and dividend payment. E-voting will be open from September 15, 2026, at 9:00 am until September 17, 2026, at 5:00 pm.

Bright Brothers Limited reported an 18.6% year-on-year rise in standalone net profit to ₹345.85 lakhs for the quarter ended June 30, 2026, driven by a 26.3% increase in revenue from operations. The growth reflects strong operational performance in its plastic moulded parts segment, offsetting higher material costs. Alongside the financial results, the Board approved the merger of its wholly-owned US subsidiary Bright Brothers LLC with step-down subsidiary Sintex Logistics LLC to streamline the group’s organizational structure.

The Board of Directors met on August 11, 2026, to approve the unaudited financial statements pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors GMJ & Co. Chartered Accountants conducted a limited review under Standard on Review Engagements (SRE) 2410 and expressed an unmodified opinion, noting no material misstatements.

Financial Performance

Standalone revenue from operations grew to ₹11,725.66 lakhs in Q1FY26 from ₹9,280.98 lakhs in the corresponding period last year. Total expenses increased to ₹11,356.89 lakhs from ₹9,002.46 lakhs, primarily due to higher cost of materials consumed at ₹8,471.97 lakhs compared to ₹6,233.22 lakhs previously. Other income declined slightly to ₹35.69 lakhs from ₹41.62 lakhs. Earnings per share (basic) rose to ₹6.09 from ₹5.13.

On a consolidated basis, revenue reached ₹12,309.02 lakhs, up from ₹10,107.97 lakhs. Consolidated net profit decreased marginally to ₹298.46 lakhs from ₹317.02 lakhs, while consolidated basic EPS fell to ₹5.25 from ₹5.58. The divergence between standalone and consolidated profitability highlights the impact of the unreviewed step-down subsidiary Sintex Logistics LLC, which reported a net loss of ₹59.58 lakhs for the quarter.

Subsidiary Merger Details

The Board approved the commencement of the merger between Bright Brothers LLC (Transferor) and Sintex Logistics LLC (Transferee). Bright Brothers LLC, incorporated in the USA in 2023, functions solely as a holding company with negligible turnover of ₹0.48 lakhs as of March 31, 2026. Sintex Logistics LLC, incorporated in 2017, manufactures advanced Fiber Reinforced Polymer (FRP) components and reported turnover of ₹3,119.79 lakhs as of March 31, 2026. Post-merger, Sintex Logistics LLC will be renamed Bright Composites LLC.

The transaction is exempt from related party transaction regulations under Regulation 23(5)(c) of the SEBI Listing Regulations as both entities are wholly-owned subsidiaries. There is no cash consideration or new share issuance involved. Bright Brothers Limited’s shareholding pattern remains unchanged as it is not a direct party to the merger. The rationale cited is to streamline and simplify the group’s organizational structure.