Sanghvi Brands will close its register of members and share transfer books from September 12 to September 18, 2026. The closure facilitates the company’s 16th Annual General Meeting scheduled for September 18.

The meeting is set for Friday, September 18, 2026, at 2:30 pm. Shareholders on record during the closure period are eligible to attend and vote at the AGM.

Key Dates

The intimation was issued pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aman Sharma, Company Secretary and Compliance Officer, signed the disclosure on behalf of the company from Pune on September 8, 2026.

Sanghvi Brands has scheduled its 16th Annual General Meeting for September 18, 2026, at 2:30 pm. The meeting will address governance changes, including the appointment of a new statutory auditor and an independent director.

The company will hold the meeting through Video Conferencing or Other Audio-Visual Means. Shareholders can participate remotely in compliance with Ministry of Corporate Affairs circulars. The deemed venue of the AGM is the Registered Office in Pune.

Governance Changes

The board seeks approval to appoint M/s. Komandoor & Co. LLP as statutory auditors for five years. The current auditors, M/s. B K Khare & Co., have completed their maximum tenure.

The proposed annual fee for the new auditors is ₹2,80,000. This represents a significant reduction from the ₹7,60,000 paid to the outgoing firm. The audit committee cited the scale of operations and industry practices for SME listed companies as rationale for the lower fee.

Additionally, shareholders will vote on appointing Mr. Rohit Prakash Bafana as an independent director. He holds office until May 2031 and is not liable to retire by rotation. His remuneration includes sitting fees of ₹10,000 per board meeting.

Financial Performance Context

The AGM coincides with the release of financial results for FY26. Consolidated revenue rose to ₹146,142.82 thousand from ₹121,986.56 thousand in the previous year. Profit after tax improved to ₹15,839.72 thousand from ₹10,126.72 thousand.

However, standalone performance showed mixed results. While standalone revenue increased to ₹91,155.76 thousand, profit after tax fell to ₹8,500.13 thousand from ₹10,869.77 thousand. The decline was attributed to higher operating and administrative expenses.

What the Numbers Show

The divergence between consolidated and standalone profitability highlights the group's reliance on subsidiaries for bottom-line growth. Sanghvi Beauty & Salon Private Limited contributed significantly to the consolidated profit turnaround, reporting a profit of ₹7,614.23 thousand against a loss of ₹373.81 thousand in the prior year. In contrast, the parent company's standalone margins contracted despite top-line growth.

Other Agenda Items

Mr. Narendra Rikhabchand Sanghvi retires by rotation and offers himself for re-appointment as a non-executive director. The register of members will remain closed from September 12, 2026, to September 18, 2026.

The cut-off date for e-voting eligibility is September 11, 2026. Remote e-voting begins on Tuesday, September 15, 2026, at 9:00 am and ends on Thursday, September 17, 2026, at 5:00 pm.