Kajal Synthetics & Silk Mills has scheduled its 38th Annual General Meeting (AGM) for September 26, 2026. The meeting will focus on adopting the audited financial statements for FY26 and the reappointment of director G. M. Loyalka.

The board of directors approved the annual financial statements and the notice for the AGM during a meeting held on September 1, 2026, at the company’s registered office in Mumbai.

AGM Agenda and Director Reappointment

The primary ordinary business items for the AGM include:

• Receiving, considering, and adopting the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the Board’s and Auditors’ Reports.
• Appointing G. M. Loyalka (DIN: 00299416) as a director in place of his retirement by rotation. He is eligible and offers himself for re-appointment.

G. M. Loyalka, who was appointed on March 17, 1992, holds a B.Com degree and specializes in Finance & Business Strategy. He currently serves as a Member of the Nomination & Remuneration Committee and Chairman of the Stakeholders Relationship Committee at Nilkanth Engineering Limited. He holds no equity shares in Kajal Synthetics.

Voting Schedule and Procedures

The AGM will be held on Saturday, September 26, 2026, at 3:30 pm at the registered office located at 29, Bank Street, First Floor, Fort, Mumbai.

Key Dates:

• Cut-off date: September 18, 2026
• Register of Members closure: September 20, 2026 to September 26, 2026 (both days inclusive)
• E-voting start: Wednesday, September 23, 2026, at 9:00 am
• E-voting end: Friday, September 25, 2026, at 5:00 pm

The company has engaged National Securities Depository Limited (NSDL) to facilitate electronic voting. M/s Girish Murarka & Co., Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Members entitled to vote may appoint a proxy. Proxy forms must be deposited at the registered office at least 48 hours before the meeting.

Kajal Synthetics & Silk Mills reported a widening net loss for the first quarter of FY26, reflecting increased financial expenses against negligible operational income. The Mumbai-based finance and investment firm posted a standalone net loss of ₹63.30 lakh for the quarter ended June 30, 2026, compared to a loss of ₹56.68 lakh in the same period last year. Consolidated results showed a similar trajectory, with a net loss of ₹63.50 lakh, up from ₹56.85 lakh YoY.

The primary driver of the deterioration was a rise in finance costs, which climbed to ₹55.48 lakh from ₹49.18 lakh in Q1FY25. Employee benefits expense also ticked up marginally to ₹5.67 lakh from ₹5.33 lakh. Total income for the standalone entity remained minimal at ₹0.19 lakh, derived entirely from other income, as revenue from operations, interest income, and dividend income stood at zero.

Financial Performance Overview

The company’s earnings per share (EPS) declined to (₹3.18) for the quarter, down from (₹2.85) in the previous year’s corresponding period. Consolidated basic EPS fell to (₹3.19) from (₹2.85) YoY. For the full year ended March 31, 2026, the company reported an audited standalone net loss of ₹240.01 lakh.

What the Numbers Show

A significant divergence exists between the company’s operating performance and its comprehensive income. While the standalone net loss widened by approximately 12% YoY, total comprehensive income turned positive at ₹109.72 lakh, compared to ₹62.37 lakh in Q1FY25. This reversal was driven almost entirely by a gain of ₹173.02 lakh on fair value measurement of investments under other comprehensive income (OCI). This indicates that while core operations continue to incur losses driven by financing costs, the valuation of held investments provided a substantial buffer to overall equity value during the quarter.

Auditor Review and Associates

SSRCA & Co., the statutory auditors, issued a limited review report on the unaudited financial results. The consolidated results include two associate companies: Five Star Trading & Investment Company Limited and Park Avenue Engineering Limited.

The auditor noted that one associate incurred significant losses, causing accumulated losses to exceed the purchase cost of the investment. Consequently, the company discontinued recognizing its share of further losses in the consolidated results, reducing the carrying amount of that investment to zero in accordance with Ind AS 28. The share of net loss from associates in the consolidated statement was recorded at ₹0.20 lakh for the quarter.