Sam Industries has set September 23, 2026 as the record date for its 32nd Annual General Meeting (AGM). The company informed the Bombay Stock Exchange on August 13, 2026, regarding the closure of its register of members and share transfer registers.

The registers will remain closed from Thursday, September 24, 2026 to Wednesday, September 30, 2026, both days inclusive. This closure ensures that only shareholders recorded in the register as of the record date are eligible to participate in the meeting.

Meeting Details

The 32nd AGM is scheduled to be held on September 30, 2026. The meeting pertains to the financial year ended March 31, 2026.

Regulatory Compliance

The intimation was issued pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navin S. Patwa, Company Secretary, signed the disclosure.

Sam Industries reported a net profit of ₹46.09 lakh for the quarter ended June 30, 2026, marking a significant decline from ₹161.54 lakh in the corresponding period of FY25. While revenue from operations expanded by 63% year-on-year to ₹371.13 lakh, total revenue contracted by 4% to ₹459.38 lakh, reflecting a substantial drop in other income.

The company’s earnings per share (EPS) stood at ₹0.42, down from ₹1.46 in Q1FY25. The Board of Directors approved the unaudited financial results on August 13, 2026, alongside the re-appointment of Mr. Ashutosh A. Maheshwari as Whole-time Director for a three-year term commencing October 1, 2026.

Financial Performance

Revenue from operations grew robustly, driven primarily by the real estate segment, which contributed ₹381.56 lakh in revenue, up from ₹233.74 lakh in Q1FY25. However, this operational growth was offset by a steep decline in other income, which fell to ₹88.25 lakh from ₹253.84 lakh in the prior year quarter.

Expenses rose 29% year-on-year to ₹325.65 lakh, with finance costs increasing to ₹64.75 lakh from ₹75.52 lakh, and employee benefits at ₹36.49 lakh. Depreciation and amortization expenses stood at ₹60.44 lakh.

What the Numbers Show

The divergence between operational revenue growth and net profit decline highlights the company’s heavy reliance on non-operational income for profitability in the prior year. In Q1FY26, other income constituted approximately 53% of total revenue, compared to just 19% in Q1FY27. This shift indicates that while core real estate operations are scaling up, the bottom line remains sensitive to fluctuations in investment gains and other non-recurring items. The gain on remeasurement of investments accounted for ₹77.76 lakh of the current quarter’s other income.

Corporate Actions

The Board approved the re-appointment of Mr. Ashutosh A. Maheshwari as Whole-time Director, effective from October 1, 2026, to September 30, 2029, subject to shareholder approval at the ensuing Annual General Meeting. The 32nd AGM is scheduled for September 30, 2026, via Video Conferencing. The register of members will remain closed from September 24 to September 30, 2026.