Sangal Papers Limited has scheduled its 46th Annual General Meeting (AGM) for Wednesday, September 23, 2026. The meeting will commence at 1:30 pm (IST) and will be held through Video Conferencing or Other Audio Visual Means.

The company filed its annual report for the financial year ended March 31, 2026, with the Bombay Stock Exchange pursuant to Regulation 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Anant Vats, Company Secretary & Compliance Officer, signed the disclosure letter dated September 1, 2026. The notice of the AGM was published in "The Financial Express" English newspaper and "Jansatta" Hindi newspaper on September 2, 2026.

Agenda and Director Re-Appointments

The primary agenda includes the adoption of audited standalone financial statements for FY26. Shareholders will also vote on the re-appointment of directors Tanmay Sangal and Vinayak Sangal, who retire by rotation. Both individuals are members of the promoter group and hold significant operational roles within the company.

Both directors attended all seven Board meetings held during the year. Their remuneration as directors is nil, with compensation drawn solely from their employee roles.

Cost Auditor Ratification

The meeting will seek shareholder ratification for the remuneration of S. R. Kapur, appointed as the Cost Auditor for the financial year ending March 31, 2027. The proposed remuneration is ₹40,000 plus applicable taxes and reimbursement of travel and out-of-pocket expenses.

Dividend and Shareholder Details

The company has confirmed that no dividend is recommended for the financial year ended March 31, 2026. The cut-off date for determining eligible shareholders for remote e-voting is September 16, 2026. E-voting will be open from September 20 to September 22, 2026.

Shareholders holding physical shares are urged to update their KYC details and dematerialize holdings, as all physical investor service requests will now be processed in dematerialized form only.

Sangal Papers reported a net profit of ₹2.68 crore for the quarter ended June 30, 2026, up from ₹0.80 crore in the corresponding period of FY25. Revenue from operations grew 17.5% year-on-year to ₹55.91 crore, supported by higher operational activity and inventory adjustments.

The company’s profit before tax (PBT) stood at ₹3.71 crore, compared to ₹1.09 crore in Q1FY26. Total income reached ₹56.15 crore, driven by core revenue growth and a modest increase in other income to ₹0.24 crore from ₹0.15 crore previously.

Financial Performance

The financial results reflect improved operational efficiency alongside revenue growth. Cost of materials consumed rose to ₹47.73 crore from ₹41.43 crore in Q1FY26, tracking with the higher sales volume. Employee benefits expense increased slightly to ₹2.17 crore, while finance costs remained stable at ₹0.60 crore.

Tax expenses for the quarter totaled ₹1.03 crore, comprising current tax of ₹0.62 crore, deferred tax of ₹0.23 crore, and MAT credit entitlement of ₹0.19 crore. Basic earnings per share (EPS) jumped to ₹20.50 from ₹6.15 in the prior year period.

What the Numbers Show

A key driver of the profit surge was the favorable movement in inventory valuation. The change in inventories contributed a negative expense of ₹12.12 lakh (a credit) in Q1FY27, compared to a minor credit of ₹0.76 lakh in Q1FY26. This reduction in cost of goods sold, combined with stable employee benefit costs despite revenue growth, expanded the pre-tax margin significantly. The company’s total comprehensive income stood at ₹25.60 lakh for the quarter.

Board Approvals and Corporate Actions

During its meeting on August 13, 2026, the Board of Directors approved several administrative changes:

• Salary Revisions: Effective September 1, 2026, the monthly salaries of Managing Director Himanshu Sangal and Whole Time Director Amit Sangal were revised from ₹7.00 lakh to ₹10.00 lakh each. President Marketing Tanmay Sangal and President Operations Vinayak Sangal saw their salaries increase from ₹3.50 lakh to ₹4.00 lakh per month. All revisions remain within limits approved by shareholders via special resolution.
• Director Re-appointments: Tanmay Sangal and Vinayak Sangal, retiring by rotation, were recommended for re-appointment at the upcoming Annual General Meeting (AGM).
• Auditor Appointments: Mr. Surendra Rai Kapur was appointed as Cost Auditor, and Sh. Anurag Chauhan as Internal Auditor for FY27.

The company will hold its 46th AGM on September 23, 2026, via video conferencing. Remote e-voting will be available, with September 16, 2026, as the cut-off date for determining shareholder eligibility.