Konark Synthetic sets Sep 24 record date for 42nd AGM

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Record date fixed as September 24, 2026
  • E-voting period runs from September 27 to 29
  • Board meeting held on September 4, 2026
  • Compliance with SEBI LODR Regulation 44
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Konark Synthetic Limited has fixed September 24, 2026 as the record date for its 42nd Annual General Meeting. The cutoff determines eligibility for shareholders to vote on resolutions.

The Board of Directors approved the date during its meeting on September 4, 2026. The company cited compliance with Section 108 of the Companies Act 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Schedule

Shareholders eligible as of the record date can participate via e-voting or poll papers. The e-voting window opens on Sunday, September 27, 2026, at 9:00 am. It closes on Tuesday, September 29, 2026, at 5:00 pm.

Event Date Time
Record Date September 24, 2026 N/A
E-voting Start September 27, 2026 9:00 am
E-voting End September 29, 2026 5:00 pm

The intimation was issued on September 8, 2026, by Managing Director Shonit Prakash Dalmia. The notice was filed with the BSE Limited under scrip code 514128.

What specific resolutions are shareholders expected to vote on during Konark Synthetic's 42nd AGM?

How might the outcome of the upcoming vote impact the company's strategic direction or dividend policy for the next fiscal year?

Are there any significant changes to the Board of Directors or executive compensation packages being proposed for approval?

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Konark Synthetic Q1 Results: Net profit turns positive at ₹7.01 lakh

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Reviewed by
Jubin VScanX News Team
Key Highlights

Konark Synthetic Limited returned to profit in Q1FY27 with a net income of ₹7.01 lakh, up from a ₹0.95 lakh loss in Q1FY26. Revenue declined 9.5% to ₹1,113.61 lakh. The Board approved the results on August 14, 2026, under SEBI Regulation 33.

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Konark Synthetic Limited reported a return to profitability in its standalone financial results for the first quarter of FY27, posting a net profit of ₹7.01 lakh for the three months ended June 30, 2026. This marks a significant improvement from the net loss of ₹0.95 lakh recorded in the same period of FY26.

Despite the bottom-line recovery, the company’s top line contracted during the quarter. Total income from operations stood at ₹1,113.61 lakh, a decline from ₹1,230.08 lakh reported in Q1FY26. The revenue dip coincided with the turnaround in profitability, suggesting improved cost management or operational efficiencies offsetting lower sales volumes.

The Board of Directors approved the unaudited standalone financial results in a meeting held on August 14, 2026. The company filed the results with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Highlights

Metric: Q1FY27 (Unaudited): Q1FY26 (Unaudited): Change:
Total Income from Operations: ₹1,113.61 lakh ₹1,230.08 lakh -9.5%
Net Profit/(Loss) Before Tax: ₹8.21 lakh (₹4.93 lakh) Turnaround
Net Profit/(Loss) After Tax: ₹7.01 lakh (₹0.95 lakh) Turnaround
Earnings Per Share (Basic): ₹0.12 (₹0.02) Positive

What the Numbers Show

The divergence between declining revenue and improving profitability is notable. While total income fell by approximately ₹116.47 lakh compared to the prior year, the company managed to generate a pre-tax profit of ₹8.21 lakh against a loss of ₹4.93 lakh. This indicates that operating expenses or other costs were reduced at a faster rate than revenue, allowing the company to cross the breakeven threshold despite weaker sales performance.

What specific operational cost-cutting measures or efficiency improvements drove the profitability turnaround despite the 9.5% revenue decline?

Will Konark Synthetic prioritize revenue growth strategies in Q2FY27, or will it continue to focus on margin protection and cost optimization?

How does the current market demand for synthetic materials impact Konark's ability to reverse the top-line contraction trend in the coming quarters?

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