Orosil Smiths India posts ₹2,292 crore profit in FY26; AGM set for September
- Orosil Smiths India reported a net profit of ₹2,291.97 crore in FY26, up from ₹61.07 crore in FY25
- Profit surge driven by a net gain of ₹2,555.04 crore from the sale of land and buildings
- Total income rose to ₹2,978.74 crore from ₹282.53 crore, while revenue from operations fell slightly to ₹264.78 crore
- The 32nd AGM is scheduled for September 25, 2026, with remote e-voting facilitated by NSDL
- Shareholders will vote on the appointment of an independent director and increased investment limits
*this image is generated using AI for illustrative purposes only.
Orosil Smiths India Limited reported a net profit of ₹2,291.97 crore for the fiscal year ended March 31, 2026, a sharp rise from the previous year's profit of ₹61.07 crore. The surge was primarily driven by a net gain of ₹2,555.04 crore from the sale of land and buildings. The company has scheduled its 32nd Annual General Meeting for Friday, September 25, 2026.
The meeting will be held at the YWCA of Delhi in New Delhi to transact ordinary and special business items. Shareholders will vote on the adoption of the Audited Standalone Financial Statements for FY26 and the re-appointment of Mr. Karan Suri as a Director, who retires by rotation.
Financial Performance
Total income for FY26 stood at ₹2,978.74 crore, up significantly from ₹282.53 crore in FY25. Revenue from operations was ₹264.78 crore, compared to ₹280.73 crore in the prior year. Other income jumped to ₹2,713.96 crore from ₹1.80 crore, largely due to the asset sale proceeds.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) |
|---|---|---|
| Revenue from Operations | 264.78 | 280.73 |
| Other Income | 2,713.96 | 1.80 |
| Total Income | 2,978.74 | 282.53 |
| Total Expenditure | 290.10 | 306.30 |
| Profit After Tax | 2,291.97 | 61.07 |
Special Business Items
The Board has proposed several special resolutions for shareholder approval:
- Appointment of Independent Director: Mr. Nikhil Jain is proposed for appointment as a Non-Executive Independent Director for a five-year term commencing from September 25, 2026.
- Increase in Investment Limits: The company seeks approval to increase limits for making investments, extending loans, and providing guarantees to persons or bodies corporate. The aggregate limit is proposed to remain available up to ₹19 crore.
- Secretarial Auditor Appointment: Ms. Prachi Bansal has been recommended for appointment as Secretarial Auditor for five consecutive financial years, from FY26 to FY30.
Voting Details
Members holding shares as on the cut-off date of Thursday, September 17, 2026, are eligible to vote. Remote e-voting will be facilitated by NSDL from Tuesday, September 22, 2026, at 9:00 am until Thursday, September 24, 2026, at 5:00 pm.
| Particulars | Details |
|---|---|
| AGM Date & Time | Friday, September 25, 2026 at 9:30 am |
| Venue | YWCA of Delhi, 1 Ashoka Road, New Delhi |
| Book Closure Period | September 18, 2026 to September 25, 2026 |
| E-Voting Start Date | September 22, 2026 at 9:00 am |
| E-Voting End Date | September 24, 2026 at 5:00 pm |
The Company Secretary, Sakshi Bansal, has been appointed as the Scrutinizer to oversee the voting process.
Historical Stock Returns for Orosil Smiths
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.57% | -0.15% | +1.73% | +49.65% | +46.61% | 0.0% |
How will the company deploy the substantial proceeds from the ₹2,555 crore asset sale to drive future operational growth or shareholder returns?
What is the strategic rationale behind increasing investment and loan limits to ₹19 crore, and which sectors or entities are targeted for these new investments?
Given the significant one-time gain, what are management's projections for recurring revenue from operations in FY27, and how will they address the slight decline seen in FY26?
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