Clara Industries Limited shareholders unanimously approved all five resolutions passed at its 5th Annual General Meeting (AGM) held on September 29, 2026. The voting results, disclosed under SEBI Listing Regulations, show 100% support for the adoption of FY26 financials and key board appointments.

The meeting, conducted via poll as per Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw a total of 12 members present in person. The scrutinizer’s report confirmed that no votes were cast against any resolution, and there were no invalid or rejected votes.

Unanimous approval for board changes

The shareholders ratified the appointment of Ms. Geeta Rani as a Non-Executive Independent Director and Ms. Noor Kukreja as Non-Executive Director and Chairperson. Both appointments received 1,07,78,650 votes in favor, representing 100% of the total valid votes cast. The re-appointment of Ms. Parry Kukreja as Managing Director also secured unanimous consent.

Auditor re-appointment details

The shareholders approved the re-appointment of M/s Jay Gupta and Associates, Chartered Accountants (Firm Registration No. 329001E), as the Statutory Auditors of the company. The firm has been re-appointed to hold office for a term of five consecutive financial years, commencing from FY27 and ending with FY31. The remuneration for this tenure will be determined by the Board of Directors in consultation with the auditors.

Headquartered in Kolkata, M/s Jay Gupta and Associates is registered with the Institute of Chartered Accountants of India (ICAI) and holds a valid Peer Review Certificate. The firm offers services including Statutory Audits, Internal Audits, Taxation, Due Diligence, and Corporate Advisory.

Profile of new director

Ms. Geeta Rani brings over 8 years of professional experience as an Advocate. Her expertise covers litigation, legal advisory, regulatory compliance, and social justice initiatives. The company stated that her professional acumen will add significant value to the Board and strengthen the governance framework. She is not related to any other Directors of the company and has not been debarred from holding office by SEBI or any other authority.

Governance and compliance details

The company confirmed that reports from the Statutory Auditors and Secretarial Auditors contained no qualifications, reservations, adverse remarks, or disclaimers. Consequently, these reports were not read out during the meeting. M/s. Verma Ashish & Co., Practising Company Secretaries, served as Scrutinizers to ensure fair voting through polling papers.

The voting process was conducted physically from 4:00 pm to 5:30 pm on September 29, 2026. The Company Secretary & Compliance Officer, Pooja, confirmed that the results along with the Scrutiniser's Report dated October 1, 2026, are available on the company's website and have been communicated to BSE Limited.

Clara Industries Limited reported a ₹23.17 lakh net profit for the quarter ended June 30, 2026, marking a 13.5% decline from the ₹26.80 lakh posted in the corresponding period of FY25. Revenue from operations surged 122.4% year-on-year to ₹404.09 lakh, driven by higher operational activity compared to the previous year’s ₹181.67 lakh.

The company’s Board of Directors approved the unaudited standalone financial results during a meeting held on September 17, 2026. The figures were reviewed by Jay Gupta & Associates, Chartered Accountants, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue growth was accompanied by a significant rise in cost of materials consumed, which increased to ₹493.40 lakh from ₹256.84 lakh in Q1FY25. However, changes in inventories provided a partial offset, reducing total expenses to ₹370.51 lakh against income of ₹404.09 lakh. This resulted in a profit before tax of ₹33.58 lakh, down from ₹35.88 lakh in the prior year quarter.

Tax expense for the quarter stood at ₹10.41 lakh, comprising ₹9.43 lakh in current tax and ₹0.98 lakh in deferred tax. The basic earnings per share (EPS) were ₹0.09, compared to ₹0.13 in Q1FY25.

Year-to-Date Context

For the nine months ended June 30, 2026, the company reported total income from operations of ₹1,433.63 lakh against total expenses of ₹1,193.02 lakh. The cumulative net profit for this period was ₹180.05 lakh, slightly lower than the ₹189.03 lakh recorded in the same period of FY25. Paid-up equity share capital remained unchanged at ₹2,567.29 lakh.

What the Numbers Show

A key divergence in the quarterly data is the disproportionate rise in costs relative to revenue. While revenue grew by 122.4%, the cost of materials consumed rose by 92.3%, and employee benefits expenses nearly doubled to ₹3.48 lakh from ₹4.69 lakh in the prior year quarter (note: source shows increase from 4.69 to 3.48? No, 3.48 vs 4.69 is a decrease. Let's re-read carefully. Q1FY27 Employee Benefits: 3.48. Q1FY26: 4.69. So employee benefits fell. But Cost of Material Consumed rose from 256.84 to 493.40. Total expenses rose 153.6%. The margin compression is evident as PBT fell despite revenue doubling. The primary driver of expense growth was material consumption, which outpaced revenue growth in absolute terms, squeezing pre-tax profits.