Sanwaria Consumer Limited has scheduled its 35th Annual General Meeting for Wednesday, September 23, 2026. The company, currently under the Corporate Insolvency Resolution Process, will convene the meeting via video conferencing to transact ordinary business.

The primary agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the re-appointment of Ashok Agrawal as a director and approve auditor remuneration.

Meeting Details and Voting

The register of members will remain closed from Saturday, September 19, 2026, through Wednesday, September 23, 2026. The cut-off date for determining voting eligibility is Friday, September 11, 2026. Remote e-voting begins on September 19 at 9:00 am and concludes on Tuesday, September 22, 2026, at 5:00 pm.

The company has engaged National Securities Depository Limited as the authorized agency for e-voting. Institutional shareholders must submit board resolutions or authority letters to the scrutinizer before casting votes. Physical proxies are not permitted for this virtual meeting.

Governance and Resolutions

Ashok Agrawal, who retires by rotation, offers himself for re-appointment. He holds no equity shares in the company but is related to other directors, including Gulab Chand Agrawal, Anil Agrawal, and Satish Agrawal.

The resolution professional recommends fixing audit fees for statutory auditors M/s. Husain Shabbir & Chartered Accountants at ₹0.80 lakh per annum plus applicable taxes for the year 2026-2027.

What the Numbers Show

The company remains under the oversight of Resolution Professional Gautam Mittal, appointed by the NCLT in September 2020. The continuation of the CIRP process indicates that the corporate debtor has not yet emerged from insolvency, with governance powers vested in the resolution professional rather than the board of directors.

Sanwaria Consumer Limited, currently under the Corporate Insolvency Resolution Process (CIRP) vide order of the Hon'ble NCLT dated 29.05.2020, has reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a standalone net loss of ₹281.53 lakh for the financial year, while the consolidated net loss stood at ₹420.32 lakh. The suspended Board of Directors approved the results at a meeting held on May 25, 2026, in Bhopal.

Financial Performance

The standalone total income for the year ended March 31, 2026, was ₹107.68 lakh, while total expenditure amounted to ₹459.76 lakh. For the quarter ended March 31, 2026, the standalone net loss was ₹86.09 lakh. On a consolidated basis, total income for the year was ₹107.68 lakh against total expenses of ₹598.54 lakh. The company recorded zero revenue from operations during the period.

Auditor's Report and Qualifications

Husain Shabbir & Co, Chartered Accountants, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises because the company recorded expenses on a cash basis rather than an accrual basis. Consequently, expenses totaling ₹285.02 lakh were not included in the current year's financials, reducing the reported loss. The excluded expenses include professional fees, security costs, salaries, and audit fees.

The auditors noted that they were unable to provide an opinion on the financial statements of one subsidiary, Sanwaria Singapore PTE Limited, as the information was not furnished by management. Another subsidiary, Sanwaria Energy Limited, reported a loss of ₹138.79 lakh, which has been included in the consolidation.

Regulatory Compliance and Disclosures

The filing was made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons and their immediate relatives remains closed until 48 hours after the conclusion of the Board meeting. The company stated that commercial activities are continuing at a limited permitted level under the supervision of the Resolution Professional and the Committee of Creditors.