Sarthak Global Limited reported a net profit of ₹1.06 lakh for the financial year ended March 31, 2026 (FY26), a sharp decline from ₹3.00 lakh in FY25. The downturn was driven by a 27.8% fall in revenue from operations to ₹521.78 lakh and a significant contraction in other income, which slid to ₹65.34 lakh from ₹141.33 lakh. Total income consequently decreased to ₹587.12 lakh from ₹863.92 lakh in the prior year. This performance reflects broader challenges in the share transfer agency sector amid shifting market dynamics.

The Board of Directors decided not to recommend any dividend for FY26. In compliance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted its 41st Annual Report to BSE Limited on August 4, 2026. The filing includes the standalone financial statements, the Board’s Report, and the Auditors’ Report. The 41st Annual General Meeting is scheduled for August 31, 2026, to be held via Video Conferencing or Other Audio Visual Means (VC/OAVM).

Financial Performance

The company’s operational metrics showed mixed trends. While finance costs reduced substantially to ₹58.94 lakh from ₹107.66 lakh, this benefit was offset by lower trading volumes in commodities and shares. The operating profit before tax and depreciation stood at ₹1.91 lakh, compared to ₹8.21 lakh in FY25. After accounting for depreciation of ₹0.27 lakh and tax expenses of ₹1.12 lakh, the bottom line contracted significantly.

Governance and Compliance Issues

The Secretarial Audit Report by M/s. Amit Preeti & Associates highlighted three key compliance observations. First, the shareholding of promoters and the promoter group is not 100% in dematerialized form, contrary to Regulation 31(2) of the SEBI Listing Regulations. Second, the company granted certain loans without charging interest, violating Section 186 of the Companies Act, 2013. Third, an incorrect AGM date was inadvertently mentioned in E-form AOC-4 XBRL and E-form MGT-7 filed for FY25 due to a clerical error.

The Board explained that promoters have been informed to dematerialize their holdings. Regarding the interest-free loans, management stated these were extended to secure business opportunities and promised to charge proper interest in future years. The clerical error in regulatory filings has been noted, with assurances of enhanced diligence going forward.

What the Numbers Show

A critical divergence exists between the company’s cost management and revenue generation. Finance costs halved from ₹107.66 lakh to ₹58.94 lakh, indicating effective debt reduction or refinancing. However, this efficiency gain was insufficient to counteract the 27.8% revenue decline. Furthermore, other income, which contributed nearly 11% of total income in FY26 compared to 16% in FY25, remains a volatile component. The reliance on non-operational income highlights the need for stabilizing core share transfer agency revenues to ensure consistent profitability.

Sarthak Global Limited has scheduled its 41st Annual General Meeting (AGM) for Monday, August 31, 2026, at 12:30 P.M. IST. The virtual meeting, conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), will focus on the adoption of the audited standalone financial statements for the fiscal year ended March 31, 2026 (FY26). Shareholders holding shares as of the record date on August 24, 2026, are eligible to vote on ordinary business items, including the reappointment of a director retiring by rotation.

The Board of Directors approved the AGM notice during a meeting held on August 1, 2026. In compliance with Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the public notice in The Free Press Journal (English) and Navshakti (Marathi) on August 2, 2026. The intimation was submitted to BSE Limited on August 4, 2026, signed by Ankit Joshi, Company Secretary & Compliance Officer.

Agenda and Director Reappointment

The primary agenda includes considering and adopting the Audited Standalone Financial Statements for FY26, comprising the Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Statement of Changes in Equity, along with the reports of the Board of Directors and Auditors.

Additionally, shareholders will vote on the reappointment of Mr. Sunil Gangrade (DIN: 00169221), who retires by rotation. Mr. Gangrade, who has over 35 years of experience in banking, finance, and audit, served as the Company’s CFO and has been with Sarthak Global for 32 years. He currently holds 900 equity shares (0.03% stake) as of March 31, 2026, and drew remuneration of ₹5,78,400 during FY26. His reappointment terms were previously approved via postal ballot on April 21, 2025.

E-Voting and Procedural Timeline

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on Friday, August 28, 2026, at 9:00 A.M. IST and closes on Sunday, August 30, 2026, at 5:00 P.M. IST. Shareholders who vote remotely cannot vote again during the live meeting. The Register of Members and Share Transfer Books will remain closed from August 21, 2026, to August 31, 2026, both days inclusive, in accordance with Section 91 of the Companies Act, 2013.

Mr. Amit Jain, Proprietor of M/s. Amit Preeti & Associates (FCS No. F-7859), has been appointed as the Scrutinizer to ensure a fair and transparent e-voting process. Institutional shareholders must submit scanned Board Resolutions or Power of Attorney documents to the Scrutinizer via email at amitjaincs@yahoo.com . The Scrutinizer’s report will be submitted within 48 hours of the AGM’s conclusion, with final results disclosed on the BSE within two working days.

Shareholder Compliance Updates

The company emphasized that proxy forms are not available for this AGM due to relaxations under SEBI Listing Regulations regarding virtual meetings. However, corporate members may appoint authorized representatives. Shareholders are urged to update their KYC details, including PAN linked to Aadhaar, bank mandates, and nominations, to ensure uninterrupted dividend payments in electronic mode. Physical shareholders are advised to dematerialize their holdings, as all service requests, including duplicate certificates and transmissions, are now processed exclusively in demat form.