Salora International has scheduled its 57th Annual General Meeting (AGM) for Friday, September 25, 2026. The meeting is convened to address matters pertaining to the financial year ended March 31, 2026.

The company announced that the AGM will be conducted through Video Conferencing or Other Audio Visual Means (OA/VM). This format ensures compliance with current regulatory guidelines allowing remote participation without physical presence at a common venue.

Meeting Details

The session is scheduled to begin at 11:00 am Indian Standard Time. Shareholders are expected to participate remotely as per the provisions of the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI.

Regulatory Compliance

The notification was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement for the meeting was published in newspapers in English and local languages on August 30, 2026.

Gopal Sitaram Jiwarajka, Chairman and Managing Director, signed the communication addressed to the listing exchanges. The company’s registered office remains located in Okhla Industrial Area, New Delhi.

Salora International reported a net loss of ₹99.31 lakh for the quarter ended June 30, 2026, reversing from a net profit of ₹4.31 lakh in the corresponding period of FY25. Revenue from operations fell sharply by 87.7% year-on-year to ₹338.44 lakh, down from ₹2,741.38 lakh in Q1FY25.

The significant decline in turnover was attributed to the suspension of the company’s GST registration in Delhi from March 27, 2026, to May 29, 2026. This regulatory disruption adversely impacted operations and sales volumes during the quarter.

Financial Performance

Total expenses for the quarter stood at ₹438.80 lakh, compared to total income of ₹339.49 lakh. Key expense components included:

• Purchases of stock in trade: ₹218.03 lakh
• Changes in inventories: ₹77.62 lakh
• Other expenses: ₹81.26 lakh
• Finance costs: ₹25.00 lakh

Employee benefits expense decreased to ₹30.10 lakh from ₹50.45 lakh in the previous year’s quarter. Depreciation and amortization remained stable at ₹4.70 lakh.

What the Numbers Show

Other income contributed only ₹1.05 lakh to total income, a stark contrast to the ₹159.59 lakh recorded in Q1FY25. This indicates that the current quarter’s results were driven almost entirely by core operational performance, which was severely constrained by the GST suspension, rather than non-operating gains.

Corporate Updates

The Board of Directors finalized the date for the 2025-26 Annual General Meeting (AGM) as September 25, 2026. The meeting will be held at 11:00 am at the company’s registered office in New Delhi.

Regarding legal proceedings, the Special Leave Petition (SLP) in the Supreme Court was admitted on merits on January 23, 2026, with the stay continuing. Court fees of ₹24.06 lakh were deposited in April 2026 and recognized as an expense in the current quarter.

Statutory auditors O P Bagla & Co LLP issued a limited review report with an unmodified opinion on the unaudited financial results.