Sarthak Industries Limited declared the voting results for its 42nd Annual General Meeting (AGM) held on August 18, 2026, confirming that all proposed resolutions were passed with substantial shareholder backing. The meeting, conducted via video conference and other audio-visual means, concluded at 1:18 pm after transacting all business items in accordance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Voting Results Overview

The company reported a total of 6,520,555 valid votes polled out of 9,291,800 shares held as on the record date of August 11, 2026. This represents a participation rate of approximately 70.18% of outstanding shares. The voting process was scrutinized by M/s. Amit Preeti & Associates, with Mr. Amit Jain appointed as the scrutinizer to ensure a fair and transparent process.

Promoter and promoter group shareholders demonstrated near-total alignment with the board's proposals, casting 3,312,874 votes in favor across all resolutions, representing 99.55% of their total holdings. Public non-institutional shareholders also supported the agenda, with 3,207,680 votes cast in favor against just one vote against, resulting in a 100% approval rate on votes polled for this category.

Key Resolutions Approved

Shareholders approved four key resolutions during the meeting:

The reappointment of Ms. Deepika Arora, who retires by rotation, was approved as an ordinary resolution. Similarly, the ratification of cost auditors' remuneration for the upcoming fiscal year received unanimous approval. The special resolution to reappoint Mr. Ajay Peshkar as Whole-time Director also passed without significant dissent.

Management Participation

The meeting was presided over by Whole-time Director Mr. Ajay Peshkar. Other directors and key managerial personnel in attendance included Independent Directors Mr. Shashikant Padgil, Mrs. Ankita Hasmukhdas Sethi, and Mr. Nimishek Ved, along with Non-Executive Director Ms. Deepika Arora.

Ms. Riya Bhandari (Jain), Company Secretary & Compliance Officer, confirmed the presence of the requisite quorum. Invitees included Chief Financial Officer Mr. Om Prakash Mundra, Statutory Auditor Mr. Avinash Baxi of M/s. Ashok Khasgiwala & Co. LLP., and Secretarial Auditor Mr. Ajit Jain of M/s. Ajit Jain & Co.

Meeting Proceedings

Mr. Peshkar provided an overview of the company's operations and financial performance for FY25-26. He addressed questions raised by shareholders who had registered in advance. The remote e-voting facility was open from August 15, 2026, at 9:00 am until August 17, 2026, at 5:00 pm, allowing shareholders to cast their votes prior to the meeting date.

Sarthak Industries reported a significant year-on-year expansion in top-line growth for the first quarter of FY26, with total revenue rising 39.7% to ₹8,250.33 lakh. The company’s Board of Directors approved the unaudited standalone financial results on August 13, 2026, following a limited review by statutory auditors Ashok Khasgiwala & Co. LLP.

Despite the robust revenue growth, net profit after tax contracted 54.8% to ₹51.32 lakh, down from ₹113.63 lakh in Q1FY25. The divergence between revenue performance and bottom-line results was largely influenced by a steep decline in other income, which fell to ₹18.71 lakh from ₹305.58 lakh in the preceding quarter (Q4FY25) and ₹15.15 lakh in the same quarter last year.

Segment Performance

The trading business remained the primary revenue driver, contributing ₹8,049.96 lakh to total sales, a 39.8% increase from ₹5,759.74 lakh in Q1FY25. This segment also generated the bulk of the operating profit, reporting a segment result of ₹144.96 lakh before tax and interest.

In contrast, the cylinders business recorded a segment loss of ₹4.56 lakh, widening from a loss of ₹7.95 lakh in Q4FY25 but deteriorating from a profit of ₹1.60 lakh in Q1FY25. Revenue from this segment grew moderately to ₹188.40 lakh from ₹138.04 lakh year-ago.

What the Numbers Show

A critical observation from the filing is the heavy reliance on non-operating items for profitability in the prior year comparison. In Q1FY25, other income constituted a negligible portion of total revenue, but the current quarter’s other income of ₹18.71 lakh is significantly lower than the ₹305.58 lakh recorded in Q4FY25. This volatility in other income directly impacted the net profit margin, which contracted to 0.62% from 1.92% in Q1FY25. Additionally, finance costs increased to ₹56.89 lakh from ₹40.03 lakh year-ago, further pressuring the bottom line despite the rise in operating revenue.

Balance Sheet and Other Metrics

Total assets stood at ₹9,563.00 lakh as on June 30, 2026, down from ₹10,635.15 lakh at the end of FY25. Total liabilities decreased to ₹4,926.30 lakh from ₹6,068.27 lakh. Earnings per share (basic) were reported at ₹0.55, compared to ₹1.22 in the same quarter of the previous fiscal year.

The company noted that the government of India has consolidated multiple labour legislations into four New Labour Codes effective November 21, 2025. However, as the corresponding rules are yet to be notified, the company stated no material liability is envisaged at the reporting date.