Sanblue Corporation Limited held its 33rd Annual General Meeting on September 26, 2026, at 12:00 pm through video conferencing. The meeting focused on adopting financial statements for FY26 and confirming leadership continuity.

Shareholders approved ordinary resolutions to receive and adopt the audited Statement of Profit & Loss, Balance Sheet, and Cashflow statement for the year ended March 31, 2026, along with the Directors' and Auditors' reports. The company also passed an ordinary resolution for the re-appointment of Mrs. Krina Shah as a director retiring by rotation.

A special resolution was passed to re-appoint Jose Daniel (DIN: 03532474) as Managing Director and CEO. This move ensures stability in the company's executive leadership following the conclusion of his previous tenure.

Meeting proceedings and attendance

The meeting was conducted in compliance with the Companies Act, 2013, and SEBI Listing Regulations, 2015, utilizing video conferencing facilities. Company Secretary Jekil Pancholi briefed members on the arrangements and general instructions for participation.

Key attendees included:

• Jose Daniel: Chairman, CEO, and Managing Director
• Sanjiv Shah: Director
• Krina Shah: Women Director
• Bhavik Shah: Independent Director
• Milan Shah: Independent Director
• Fenil Shah: Chairman of Audit Committee and Independent Director
• Jinal Patel: Statutory Auditor from Kantial Patel & Co
• Dhaval Sheth: Chief Financial Officer

Remote e-voting was available from September 23, 2026, to September 25, 2026, for members holding shares as of the cut-off date, September 19, 2026. Sanjay Dayalji Kukadia served as the scrutinizer for votes cast through remote e-voting and during the meeting.

Sanblue Corporation reported a 90% year-on-year rise in revenue from operations to ₹318.53 lakh for FY26, while net profit declined 42% to ₹19.02 lakh. The company has also intimated the weblink for its Annual Report 2025-26.

The Board of Directors approved the financial statements on May 29, 2026. Statutory auditors Kantilal Patel & Co issued an unmodified opinion on the accounts. In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company sent a letter to shareholders whose email addresses are not registered, providing access to the annual report via a weblink. The 33rd Annual General Meeting (AGM) is scheduled for September 26, 2026.

Financial Performance

Revenue from operations surged from ₹167.35 lakh in FY25 to ₹318.53 lakh in FY26. However, other income dropped from ₹74.31 lakh to ₹51.25 lakh, driven by lower dividend and interest income. Profit before tax fell to ₹18.30 lakh from ₹39.96 lakh.

Total comprehensive loss widened to ₹1,848.57 lakh from ₹369.12 lakh, primarily due to remeasurement losses on investments of ₹1,867.59 lakh recorded in Other Comprehensive Income (OCI).

Balance Sheet and Investments

Total assets decreased to ₹3,794.97 lakh from ₹6,033.71 lakh. Non-current investments fell sharply to ₹3,512.36 lakh from ₹5,726.43 lakh, reflecting fair value adjustments. Cash and cash equivalents dropped significantly to ₹23.93 lakh from ₹248.13 lakh.

The company remains debt-free with no borrowings. Total equity stood at ₹3,428.55 lakh, down from ₹5,277.12 lakh, impacted by the OCI losses.

AGM Details

The share transfer books will remain closed from September 20, 2026, to September 26, 2026. Shareholders registered as of September 19, 2026, are eligible to vote. Remote e-voting will be open from September 23, 2026, at 9:00 am until September 25, 2026, at 5:00 pm.

Key agenda items include the re-appointment of Jose Daniel as Managing Director and CEO for five years, effective July 1, 2026, with a consolidated remuneration of ₹70,000 per month. Mrs. Krina Shah retires by rotation and offers herself for re-appointment.

What the Numbers Show

While operational revenue nearly doubled, the decline in net profit highlights a heavy reliance on non-operating income. In FY25, other income constituted 31% of total income; in FY26, it accounted for 14%. The widening comprehensive loss underscores the volatility of the investment portfolio, which remains the dominant asset class on the balance sheet.