Sainik Finance & Industries has scheduled its 34th Annual General Meeting for Tuesday, September 29, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means.

The company announced the dates in a filing to the BSE on September 1, 2026. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, inclusive. This closure determines the eligibility of shareholders to attend and vote at the AGM.

E-Voting Schedule

Shareholders holding shares as on the record date of Wednesday, September 23, 2026, may exercise their voting rights electronically. The e-voting facility is provided by National Securities Depository Limited (NSDL).

The e-voting period is structured as follows:

Regulatory Compliance

The intimation was issued in compliance with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. Additionally, the process adheres to Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014.

Piyush Garg, Company Secretary and Compliance Officer of Sainik Finance & Industries, signed the communication. The Annual Report for FY26 along with the notice for the AGM will be sent to shareholders in due course.

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.