Manoj Agrawal has disposed of 19,26,581 equity shares in New Light Industries , representing a 2.20% reduction in the company’s total issued and paid-up share capital.

The open market transactions occurred between July 17, 2026 and August 27, 2026. The disclosure was filed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on August 27, 2026.

Shareholding Changes

Agrawal’s stake in New Light Industries declined significantly following the sale. Before the transactions, he held 46,76,469 shares, constituting 5.34% of the total voting capital. Post-sale, his holding stands at 27,49,888 shares, or 3.14%.

The seller is not part of the promoter group. The total diluted share capital of the company remains unchanged at 8,76,00,150 equity shares with a face value of Re. 1/- each.

What the Numbers Show

The disposal reduces Agrawal’s position by more than half, dropping his stake below the 5% threshold often monitored for substantial acquisition disclosures. With no encumbrances or convertible securities reported, the transaction reflects a straightforward reduction in equity exposure via open market sales.

New Light Industries reported a standalone net profit of ₹5.64 lakh for the quarter ended June 30, 2026, marking a significant decline from the ₹26.93 lakh profit recorded in the corresponding period of FY25. The company’s revenue from operations fell 13.7% year-on-year to ₹274.05 lakh, down from ₹317.59 lakh in Q1FY25.

The Board of Directors approved the unaudited financial results on August 13, 2026, during a meeting held at its registered office in New Delhi. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors NGMKS & Associates.

Financial Performance Overview

Revenue from operations decreased to ₹274.05 lakh from ₹317.59 lakh in the previous year’s quarter. Other income also contracted sharply to ₹0.06 lakh, compared to ₹1.02 lakh in Q1FY25. Consequently, total income stood at ₹274.11 lakh, down from ₹318.61 lakh.

Total expenses reduced to ₹266.56 lakh from ₹291.68 lakh, primarily due to a decrease in purchases of stock in trade to ₹153.52 lakh from ₹145.89 lakh and a reduction in inventory adjustments. However, this was offset by a substantial increase in other expenses, which rose to ₹104.59 lakh from ₹14.70 lakh in the same period last year. Employee benefit expenses increased to ₹12.74 lakh from ₹8.73 lakh.

Profit before tax fell to ₹7.55 lakh from ₹26.93 lakh. Tax expenses were recorded at ₹1.91 lakh, comprising current tax of ₹1.96 lakh and deferred tax assets of ₹0.06 lakh. This compares to no tax expense disclosed for the same period in FY25.

What the Numbers Show

A critical divergence in the cost structure is visible: while total expenses declined by 8.6% year-on-year, the composition shifted dramatically. Other expenses accounted for approximately 39% of total expenses in Q1FY26 (₹104.59 lakh out of ₹266.56 lakh), compared to just 5% in Q1FY25 (₹14.70 lakh out of ₹291.68 lakh). This disproportionate rise in operating overheads relative to revenue contraction significantly compressed profitability, reducing the net profit margin to roughly 2% from 8.5% in the prior year.

Earnings per share (basic) stood at ₹0.006, down from ₹0.031 in Q1FY25. The company’s paid-up equity share capital remained unchanged at ₹876.00 lakh.