Sainik Finance & Industries has appointed M/s. Payal Sharma as the scrutinizer for its 34th Annual General Meeting (AGM). The Board of Directors approved the appointment during a meeting held on August 12, 2026, ensuring independent oversight of the e-voting process in accordance with regulatory requirements.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the BSE Limited, where it is listed under Scrip Code 530265, of the decision on the same day. Piyush Garg, Company Secretary & Compliance Officer, signed the intimation filed with the exchange.

M/s. Payal Sharma is a practicing company secretary firm established in 2008. Led by Mrs. Payal Sharma, a Fellow member of the Institute of Company Secretaries of India (ICSI), the firm specializes in secretarial, legal, and business advisory services. Mrs. Sharma brings over 17 years of experience in governance and statutory compliance.

Scrutinizer Credentials

The following details outline the credentials of the appointed scrutinizer:

Scope of Appointment

The primary responsibility of the scrutinizer is to monitor the entire process of voting and e-voting for the 34th AGM. This role ensures that the voting mechanism remains fair, transparent, and compliant with statutory norms. The company confirmed that there is no relation between the appointed firm and any of the directors of Sainik Finance & Industries Limited, thereby maintaining independence in the scrutiny process.

Sainik Finance & Industries reported a net profit of ₹92.21 lakh for the quarter ended June 30, 2026, marking a decline of 2.47% from ₹94.56 lakh in Q1FY25. The bottom-line contraction occurred despite a robust 22.08% expansion in revenue from operations to ₹441.93 lakh, driven primarily by higher interest income. Concurrently, the company’s Board of Directors underwent significant changes on August 12, 2026, accepting the resignation of Non-Executive Director Kuldeep Singh Solanki and appointing Somvir Sindhu as an Additional Director.

The financial results were reviewed by statutory auditors M/s. Kumra Bhatia & Co. and approved by the Board on August 12, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sainik Finance & Industries Limited notified BSE Limited regarding these governance shifts. Solanki’s resignation letter, dated August 4, 2026, cited other preoccupations as the sole reason for his departure, confirming no material disagreements. Consequently, he ceased to be a member of the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee.

Financial Performance Highlights

Total income rose to ₹442.02 lakh from ₹361.99 lakh in Q1FY25. This growth was partially offset by rising finance costs, which increased to ₹270.52 lakh from ₹227.81 lakh in the corresponding period last year. Employee benefits expense also saw a slight increase to ₹25.32 lakh from ₹22.79 lakh. Other income remained negligible at ₹0.09 lakh.

Profit before tax improved significantly by 33.63% to ₹123.23 lakh, aided by deferred tax benefits of ₹1.49 lakh. However, current tax expenses remained substantial at ₹32.51 lakh. Earnings per share (basic and diluted) stood at ₹0.85, down from ₹0.87 in Q1FY25.

Governance Changes

Somvir Sindhu was appointed as a Non-Executive Additional Director effective August 12, 2026. His appointment is subject to regularization by shareholders at the ensuing 34th Annual General Meeting (AGM). Sindhu holds a graduation degree and has over 10 years of experience in coal mining, mining logistics, coal beneficiation, power generation, and real estate through his family business interests. He is not related to any existing director of the company. The Board reconstituted the Stakeholders Relationship Committee and Corporate Social Responsibility Committee to reflect these changes. The company’s paid-up equity share capital remains unchanged at ₹1,088.00 lakh.

What the Numbers Show

The divergence between strong top-line growth of 22.08% and marginal net profit decline highlights margin pressure from rising finance costs. While interest income grew robustly, finance costs increased by nearly 18.7%, suggesting that the cost of funds or borrowing volume may have risen disproportionately to lending assets. Impairment charges decreased to ₹5.93 lakh from ₹9.30 lakh, indicating slight improvement in asset quality, though this remains a key risk factor.