Electronics Mart India Limited held its 8th Annual General Meeting on September 25, 2026. Members voted in favour of all five proposed resolutions, including the adoption of financial statements and an increase in borrowing limits.

The meeting was conducted through video conferencing and other audio-visual means. The scrutinizer’s report confirmed that the requisite majority supported each agenda item. Remote e-voting facilities were available from September 22 to September 24, 2026.

Voting outcomes for key resolutions

The company submitted the consolidated voting results to stock exchanges on September 26, 2026. Promoter group members cast votes electronically, while public shareholders participated via e-voting and poll during the meeting.

What the numbers show

The voting data reveals a distinct divergence in shareholder sentiment regarding debt-related items compared to routine administrative matters. While ordinary resolutions such as the adoption of financial statements and director reappointment received near-unanimous support with opposition below 0.005%, the special resolutions concerning borrowing limits and asset charges saw higher dissent.

Specifically, 57,970 shares voted against increasing borrowing limits under Section 180(1)(c), and 57,474 shares opposed creating charges on assets under Section 180(1)(a). This represents approximately 0.018% of total valid votes cast for these items, a figure notably higher than the 3,459 to 3,460 shares that opposed the adoption of financial statements. This suggests a slight but measurable caution among non-institutional public shareholders regarding the expansion of the company's debt capacity and collateralization of assets, even as overall approval remained overwhelmingly positive.

Electronics Mart India Limited reported a 6.7% year-on-year increase in revenue from operations for FY26, reaching ₹7,183.3 crore. The company expanded its retail network to 223 stores across 95 cities during the fiscal year.

Profit after tax declined to ₹107.1 crore in FY26 from ₹160.5 crore in the previous year. The company attributed this variance partly to exceptional items related to IQ store transfers and labour code adjustments. EBITDA stood at ₹438.2 crore, reflecting a margin of 6.1%.

Operational Highlights

The company added 23 net new stores during FY26, bringing the total count to 223 outlets. This expansion was concentrated in Telangana, Andhra Pradesh, and the National Capital Region (NCR). The CEO’s presentation highlighted that Delhi-NCR witnessed the strongest same-store sales growth at 22.8%, followed by Andhra Pradesh and Telangana up-country regions.

Key operational metrics for FY26 include:

• Total Stores: 223 (215 MBOs + 8 EBOs)
• Retail Space: 1.94 million sq. ft.
• Transactions: 2.974 million (+10.4% YoY)
• Average Ticket Size: ₹23,125

Financial Performance

The following table summarizes the key financial figures disclosed during the Annual General Meeting:

What the Numbers Show

A divergence exists between top-line growth and bottom-line performance. While revenue grew by 6.7%, profit after tax contracted by approximately 33%. However, cash generation improved significantly, with net operating cash flow rising from ₹175.8 crore in FY25 to ₹443.7 crore in FY26. This substantial increase in cash flow alongside declining profits suggests strong working capital management and efficient inventory turnover, despite the pressure on net margins due to exceptional items.

Strategic Outlook

Management outlined priorities for FY27 focused on converting scale into sustainable value. Key initiatives include enhancing working-capital efficiency, disciplined expansion into West Bengal, and improving customer experience through technology-led replenishment. The company aims to deepen existing clusters rather than pursuing aggressive store-count growth, emphasizing store productivity and operating leverage.