Davin Sons Retail Limited has scheduled its fourth Annual General Meeting for September 30, 2026. The meeting will commence at 3:00 pm and will be conducted through video conferencing or other audio-visual means.

The company issued the notice in compliance with Ministry of Corporate Affairs circular no. 09/2024 dated September 19, 2024, and SEBI circular no. SEBI/HO/CFD-PoD-2/CIR/2024/133 dated October 3, 2024. These regulations permit convening the annual general meeting without the physical presence of members at a common venue.

E-Voting Details

Shareholders can exercise their voting rights electronically. The company has engaged NSDL to facilitate remote e-voting and participation via video conferencing.

The notice of the annual general meeting along with the annual report for the financial year 2025-26 was sent electronically on September 8, 2025. Documents are also available on the company website and stock exchange portals.

Regulatory Disclosures

The company published public notices in Financial Express (English) and Jansatta (Hindi) on September 10, 2026. Copies of these publications were submitted to BSE Limited under Regulation 30 and Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Davin Sons Retail reported a 54% decline in net profit to ₹76.94 lakh for the financial year ended March 31, 2026, down from ₹166.26 lakh in the previous year. Revenue from operations fell 40% to ₹815.57 lakh from ₹1,352.70 lakh in FY25, driven by reduced activity in its FMCG segment. The company’s total assets stood at ₹2,159.31 lakh as of March 31, 2026.

The Board of Directors approved the audited standalone financial results for the half year and year ended March 31, 2026, at a meeting held on June 25, 2026. Statutory auditor M/s. Sharma Sharma & Co. issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates two reportable segments: FMCG and Garments.

Financial Performance

The decline in profitability was attributed to a sharp drop in revenue from the FMCG segment, which fell to ₹79.15 lakh in FY26 from ₹741.94 lakh in the prior year. The Garments segment revenue decreased to ₹736.43 lakh from ₹610.77 lakh. Total expenses for the year increased to ₹714.17 lakh from ₹1,134.82 lakh in the previous year, primarily due to higher employee benefit expenses and purchases of stock-in-trade.

| Metric | FY26 (₹ in lakh) | FY25 (₹ in lakh) | Change | |---|---|---:---| | Revenue from Operations | 815.57 | 1,352.70 | -40% | | Net Profit | 76.94 | 166.26 | -54% | | Total Expenses | 714.17 | 1,134.82 | -37% | | Earnings Per Share (Basic) | 1.36 | 4.12 | -67% |

Balance Sheet and Cash Flows

The company’s equity and liabilities increased to ₹2,159.31 lakh as of March 31, 2026, from ₹1,944.37 lakh a year earlier. Share capital rose to ₹661.28 lakh from ₹526.28 lakh, while reserves and surplus grew to ₹1,215.42 lakh from ₹1,069.68 lakh. Cash and cash equivalents decreased significantly to ₹254.89 lakh from ₹744.04 lakh in the prior year.

Net cash used in operating activities was ₹384.31 lakh, compared to ₹118.34 lakh in FY25. The company invested ₹170.53 lakh in fixed assets during the year, up from ₹90.99 lakh in the previous year. Financing activities provided a net cash inflow of ₹192.29 lakh, driven by proceeds from the issue of shares and share warrants.