New Light Industries Limited reported a 58.9% year-on-year decline in revenue for FY26, driven by lower operational activity. The company also formalized the leadership transition with Saurabh Agrawal as Managing Director.

New Light Industries posted revenue from operations of ₹709.04 lakh for the financial year ended March 31, 2026, down significantly from ₹1,724.57 lakh in FY25. Net profit after tax fell to ₹42.12 lakh from ₹113.99 lakh in the previous year.

Financial Performance

The decline in top-line growth was accompanied by a reduction in total expenses, which stood at ₹676.64 lakh compared to ₹1,623.29 lakh in FY25. Other income contributed ₹23.89 lakh to the total income of ₹732.93 lakh. The company did not declare any dividend for FY26, opting to retain profits for future prospects.

Leadership Regularization

The Board of Directors approved the regularization of Saurabh Agrawal as Managing Director for a one-year term starting March 23, 2026. Agrawal was initially appointed as an Additional Director on that date under Section 161 of the Companies Act, 2013. His role is now formalized until March 22, 2027.

Agrawal brings over two decades of experience across fintech, e-commerce, and telecom sectors. He holds a Master of Computer Applications from NIT Bhopal.

Auditor Appointment

The company appointed M/s. Kapish Jain & Associates as Statutory Auditors for five consecutive years, subject to shareholder approval at the upcoming AGM. This replaces M/s. NGMKS & Associates, whose term concludes with the 31st AGM.

AGM Details

The 31st Annual General Meeting is scheduled for September 30, 2026, at 2:30 pm via Video Conferencing. Key agenda items include the adoption of financial statements and the re-appointment of Executive Director Suraj Parkash Goel.

What the Numbers Show

The significant contraction in revenue and expenses suggests a deliberate scaling back of operations or a cyclical downturn in order books. With trade receivables increasing to ₹926.75 lakh despite lower sales, working capital management remains a key focus area for the new leadership.

Promoter Manoj Agrawal and his persons acting in concert (PACs) sold a combined 6.36% stake in New Light Industries through open market transactions between August 28, 2026, and August 31, 2026.

The disposal of 55,66,395 shares reduced the promoter group’s aggregate holding from 19.13% to 12.77% of the company’s total paid-up share capital. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Breakdown

The sale involved significant reductions across all promoter entities. Manoj Agrawal individually reduced his holding by 24,79,311 shares, dropping his stake from 3.14% to 0.31%. His HUF entity sold 16,27,727 shares, while Mrs. Shikha Agrawal disposed of 14,59,357 shares.

What the Numbers Show

The data reveals a concentrated exit by the individual promoter, Manoj Agrawal, who retained only 0.31% of the equity post-transaction. In contrast, the HUF and family member entities maintained substantial stakes, collectively holding 12.46% of the company. This divergence suggests a strategic shift in ownership structure rather than a complete promoter exit, with the HUF entity now representing the largest single block within the promoter group at 7.15%.

The total diluted share capital remained unchanged at ₹8,76,00,150, comprising 8,76,00,150 equity shares of ₹1 each. No encumbrances or pledges were reported on the shares prior to or following the disposal.