Sabrimala Industries India Limited has dispatched a letter to shareholders whose email addresses are not registered, providing a web link to access the Annual Report for FY26. The company also confirmed that its 42nd Annual General Meeting (AGM) is scheduled for Tuesday, September 15, 2026.

The letter, dated August 21, 2026, was sent in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It informs shareholders that electronic copies of the Notice convening the AGM and the Annual Report have been emailed to those with registered addresses. Shareholders without registered emails can access the documents via the company’s website at http://sabrimala.co.in/ under Investor Relations > Annual Report.

AGM Details and E-Voting Schedule

The AGM will be held via video conference or Other Audio-Visual Means (OAVM). Key dates for e-voting are as follows:

The meeting agenda includes the adoption of standalone and consolidated financial statements and the regularization of several director appointments.

Financial Performance

The company reported a consolidated net profit of ₹33.4 lakh for FY26, down from ₹46.2 lakh in FY25. Revenue from operations was negligible at ₹0.24 lakh, consistent with its strategic pivot toward distressed asset acquisition under the Insolvency and Bankruptcy Code (IBC).

Total income stood at ₹83.9 lakh in FY26, up slightly from ₹80.7 lakh in FY25. However, higher operating expenses led to a contraction in pre-tax profits.

Operating expenses rose significantly to ₹38.0 lakh from ₹20.1 lakh in the prior year. Legal and professional fees accounted for a substantial portion of this increase, rising to ₹19.3 lakh from ₹1.3 lakh in FY25, reflecting costs associated with bidding for stressed assets.

What the Numbers Show

Interest income constitutes the primary driver of the company’s financial results. In FY26, interest on loans and term deposits totaled ₹83.7 lakh, representing approximately 99.7% of total income. This heavy reliance on passive income highlights the company’s transition phase, where core operational revenue is minimal while capital is deployed into fixed deposits and inter-corporate deposits.

Balance Sheet and Cash Position

As of March 31, 2026, total assets stood at ₹1,196.5 lakh. Cash and cash equivalents decreased to ₹29.1 lakh from ₹90.5 lakh in the previous year. Loans and advances, primarily inter-corporate deposits, increased to ₹564.1 lakh from ₹536.9 lakh.

The company holds significant contingent liabilities, including a bank guarantee of ₹452.5 lakh extended by Kotak Mahindra Bank Limited in favor of RP M/s Vallabh Textile Company Limited against the implementation of a resolution plan. This guarantee is secured by a 100% lien on fixed deposit receipts.

Corporate Governance Changes

The AGM seeks shareholder approval for the regularization of Ms. Sangeeta Harpalani as Executive Director and Chief Financial Officer, Mr. Amit Kapoor as Independent Director, and Mr. Ankit Him Matsingka as Non-Executive Director. These appointments follow resignations by Ms. Sheela Gupta and Mr. Tapan Gupta earlier in the year.

The company disclosed no dividend payout for FY26, citing the need to conserve resources for future opportunities in the stressed asset resolution space.

Sabrimala Industries India Limited has reshuffled its top management following the resignation of its managing director. The company’s board accepted the resignation of Varun Mangla from the post of managing director, effective immediately upon acceptance. Mangla cited preoccupation and an inability to devote sufficient time to the company’s affairs as the reason for stepping down from the executive role. He will continue to serve as a director on the board.

In his place, the board appointed Sangeeta Harpalani as an additional director, who will be designated as the managing director and chief financial officer. The appointment was made on the recommendation of the nomination and remuneration committee. Harpalani brings over 20 years of experience in corporate governance, finance, legal compliance, and management. She holds a PhD in Management, is a Fellow Company Secretary, an Associate Cost and Management Accountant, and holds an MBA in Finance.

The board also appointed Amit Kapoor as an additional cum independent director. Kapoor is a Chartered Accountant with over 19 years of post-qualification experience across multinational companies. His expertise spans the outsourcing industry, including pre-sales and service delivery, as well as the banking sector, specifically unsecured loan funding.

Board Approvals and Regulatory Filings

The changes were approved during the board meeting held on August 11, 2026. The filings were submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures also referenced SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company confirmed that none of the appointed directors are debarred from holding office by any SEBI order. Both Harpalani and Kapoor have no disclosed relationships with other directors of the company.