Sanwaria Consumer AGM adopts FY26 loss of ₹281.53 lakh
- Sanwaria Consumer reported a net loss of ₹281.53 lakh for FY26, improving from ₹292.31 lakh in FY25.
- Shareholders adopted the FY26 financial statements at the 35th AGM held on September 23, 2026.
- Resolution Professional Gautam Mittal chaired the meeting as the board remains suspended under CIRP.
- Statutory auditor fees were fixed at ₹80 thousand per annum for FY27.
*this image is generated using AI for illustrative purposes only.
Sanwaria Consumer Limited shareholders adopted the standalone and consolidated financial statements for FY26 at the 35th Annual General Meeting (AGM) held on September 23, 2026. The company reported a net loss of ₹281.53 lakh, an improvement from the ₹292.31 lakh loss in FY25.
The meeting was chaired by Resolution Professional Gautam Mittal, who assumed the role due to the company’s ongoing Corporate Insolvency Resolution Process (CIRP). The board of directors remains suspended since May 2020 following the NCLT order. Total income for FY26 stood at ₹107.68 lakh, derived entirely from lease rent and interest, as manufacturing operations have ceased.
Financial Performance
Total expenses amounted to ₹459.76 lakh on a standalone basis, driven largely by depreciation charges of ₹346.01 lakh. Profit before tax improved to a loss of ₹352.07 lakh from ₹365.28 lakh in FY25. On a consolidated basis, including subsidiaries Sanwaria Energy Limited and Sanwaria Singapore Private Limited, the net loss widened slightly to ₹421.76 lakh compared to ₹430.73 lakh in FY25.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) |
|---|---|---|
| Total Income | 107.68 | 106.05 |
| Depreciation | 346.01 | 375.91 |
| Loss Before Tax | (352.07) | (365.28) |
| Net Loss | (281.53) | (292.31) |
| EPS (Basic) | (0.04) | (0.04) |
What the Numbers Show
The company’s loss profile is heavily influenced by non-cash depreciation charges rather than operational cash outflows. Depreciation accounted for approximately 76% of total standalone expenses in FY26. Furthermore, the auditors issued a qualified opinion, noting that the company follows a cash basis of accounting for certain expenses due to liquidity constraints. This treatment excluded accrued expenses of ₹285.03 lakh—including salaries, professional fees, and security costs—from the current year’s financials, thereby reducing the reported loss by this amount.
Governance and AGM Proceedings
Management powers remain vested with Resolution Professional Gautam Mittal. The Committee of Creditors (CoC) has proposed liquidation, with applications pending before the National Company Law Tribunal (NCLT), Indore Bench. No dividend was declared, and no managerial remuneration was paid to directors during the year.
During the AGM, members approved three ordinary resolutions:
- Adoption of audited financial statements for FY26.
- Re-appointment of Ashok Agrawal (DIN: 01199530) as director retiring by rotation.
- Fixing statutory auditor fees at ₹80 thousand per annum for FY27.
A total of 51 members participated in person or via video conferencing. Sakshi Khandelwal served as the scrutinizer for the voting process.
Historical Stock Returns for Sanwaria Consumer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.56% | 0.0% | 0.0% | 0.0% | -38.71% | -68.33% |
What is the current status of the liquidation applications pending before the NCLT Indore Bench, and what is the expected timeline for a final ruling?
How will the resolution of the ₹285.03 lakh in excluded accrued expenses impact the final valuation of the company's assets during the liquidation process?
What are the potential recovery rates for unsecured creditors given that the company's income is derived solely from lease rents and interest with no active manufacturing?
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