Saakshi Medtech and Panels Limited secured shareholder approval to increase its authorized capital and issue equity shares on a preferential basis during an Extra-Ordinary General Meeting (EGM) held on June 2, 2026. The resolutions were passed with a requisite majority, with 13,520,900 votes polled representing 76.58% of the total outstanding shares. There were no votes cast against any of the resolutions. Mrs. Mayuri Aniket Latkar, Chief Financial Officer and Whole-time Director, submitted the voting results to the National Stock Exchange of India Limited on June 4, 2026, under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results

The remote e-voting process was scrutinized by Jay Pandya, Proprietor of M/s. Jay Pandya & Associates, Company Secretaries. The voting period remained open from May 29, 2026, to June 1, 2026. The promoter group, holding 13,210,100 shares, participated fully via e-voting, while public shareholders also cast their votes through the remote e-voting facility.

Resolutions Passed

Meeting Details

The EGM commenced at 03:00 P.M. and concluded at 03:19 P.M. on June 2, 2026. The company confirmed that neither the promoters nor the promoter group were interested in the agenda or resolutions presented. The results of the remote e-voting were announced within the stipulated timeframe and intimated to the stock exchanges.

Saakshi Medtech and Panels Limited reported a significant surge in financial performance for the financial year ended March 31, 2026, with net profit rising 161% to ₹1228.97 crore. The company’s revenue from operations increased to ₹11550.64 crore, up from ₹9243.11 crore in the previous year, driven by growth in its manufacturing segment. The Board of Directors approved the audited standalone financial results during its meeting held on May 26, 2026, following recommendations from the Audit Committee.

The statutory auditors, M/s. Kishor Gujar and Associates, issued an audit report with an unmodified opinion on the financial results. The auditors confirmed that the results present a true and fair view in conformity with the recognition and measurement principles laid down in Accounting Standard (AS) 25. The company operates in a single business segment, Manufacturing, and is exempt from adopting Indian Accounting Standards (IndAS) as it is listed on an SME Exchange.

Total income for the year stood at ₹11604.44 crore, compared to ₹9300.33 crore in FY25. The company managed its expenses effectively, with total expenses for the year at ₹9937.73 crore, up from ₹8641.48 crore in the prior year. Profit before tax for the year ended March 31, 2026, was ₹1666.71 crore, a significant increase from ₹658.85 crore in the previous year. The basic and diluted earnings per share (EPS) for the year were recorded at ₹6.96, compared to ₹2.67 in FY25.

The company’s balance sheet reflects a strengthening of its asset base. Total assets increased to ₹15698.63 crore as of March 31, 2026, from ₹13133.37 crore in the previous year. Shareholders' funds grew to ₹11033.44 crore, driven by an increase in reserves and surplus to ₹9267.84 crore. Non-current assets, primarily comprising property, plant, and equipment, stood at ₹9566.62 crore, while current assets were recorded at ₹6132.02 crore.

Cash flow from operating activities improved to ₹1758.36 crore for the year, compared to ₹302.26 crore in FY25. However, the company invested heavily in expanding its asset base, resulting in a net cash outflow of ₹2534.11 crore from investing activities. Cash and cash equivalents at the end of the year stood at ₹179.61 crore. The Board confirmed that there were no exceptional or extraordinary items during the reporting period and that no investor complaints were pending or received during the year.

Financial Results for FY26