Devine Impex Limited has scheduled its Annual General Meeting (AGM) for Friday, September 25, 2026. The meeting is set to begin at 10:30 am at the company’s registered office in Mohali, Punjab.

The Board of Directors has designated September 18, 2026 as the cutoff date to determine member eligibility for voting via electronic means. This date ensures that only shareholders registered in the company’s records by this time can participate in the poll.

Meeting Details

The AGM will take place at The Groove C-157, 1st Floor, Industrial Focal Point, Phase VII, Mohali, Punjab 160059. Neeraj Jain, Managing Director, confirmed the schedule in a communication dated August 12, 2026.

The company notified the Department of Corporate Services at The Stock Exchange, Mumbai, regarding the upcoming meeting. No financial results or dividend declarations were included in this specific intimation.

Devine Impex Limited has reported a net profit of ₹3.93 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the net loss of ₹1.13 crore recorded in the corresponding period of FY26. This positive result signals an operational recovery for the Mohali-based company, which also saw its revenue from operations surge 117% year-on-year to ₹26.45 crore, up from ₹12.19 crore in Q1FY26. The profitability shift is particularly notable given the substantial loss of ₹8.89 crore reported in the preceding quarter (Q4FY26).

The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Deepak Jindal & Co. Chartered Accountants (FRN: 023023N). The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.

Financial Performance Overview

Devine Impex Limited generated total income from operations of ₹28.81 crore in Q1FY27, compared to ₹12.19 crore in Q1FY26. This increase was primarily driven by higher revenue from operations, supplemented by other income of ₹2.36 crore. In contrast, the previous quarter (Q4FY26) saw total income of ₹75.09 crore, indicating seasonal variations or specific large-ticket transactions in the prior period.

Expenses stood at ₹23.71 crore in Q1FY27, up from ₹13.32 crore in Q1FY26 but significantly lower than the ₹87.28 crore incurred in Q4FY26. The cost structure was dominated by purchases of stock-in-trade (₹7.83 crore) and changes in inventories of stock-in-trade (₹12.25 crore). Employee benefits expense remained flat at ₹1.07 crore quarter-on-quarter and year-on-year. Finance costs were negligible at ₹0.00 crore.

What the Numbers Show

The most notable aspect of Devine Impex’s Q1FY27 performance is the volatility between quarters. While the company returned to profitability compared to the same period last year, it still trails the revenue scale of Q4FY26, where revenue was nearly three times higher. However, the expense management in Q1FY27 appears more aligned with current revenue levels than in Q4FY26, where expenses exceeded income by a wide margin, leading to a substantial loss. The positive earnings per share (EPS) of ₹0.04 in Q1FY27 contrasts with the negative EPS of ₹(0.09) in Q4FY26 and ₹(0.01) in Q1FY26, reflecting improved bottom-line efficiency despite moderate top-line growth relative to the peak quarter.

The statutory auditors, Deepak Jindal & Co., confirmed that the unaudited financial results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other generally accepted accounting principles. The company operates in a single segment, and no separate segment results were disclosed. Previous period figures have been regrouped where necessary to ensure comparability.