Satani Bearings Limited returned to profitability in FY26, reporting a net profit of ₹5.12 lakh compared to a net loss of ₹16.36 lakh in the previous year. The company recorded revenue from operations of ₹3,544.47 lakh for the year ended March 31, 2026. The audited standalone financial results were approved by the Board of Directors at a meeting held on May 30, 2026, and subsequently published in a newspaper on June 02, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

For the quarter ended March 31, 2026, the company posted a net profit of ₹20.59 lakh on revenue from operations of ₹1,642.83 lakh. Total revenue for the quarter stood at ₹1,643.91 lakh, while total expenses were ₹1,619.33 lakh. The profit before tax for the quarter was ₹24.59 lakh, with a tax expense of ₹4.00 lakh. The financial statements were audited by statutory auditors Pams & Associates, Chartered Accountants, who confirmed an unmodified opinion on the standalone financial results. The report noted that the company entered into sales transactions primarily with related parties during the financial year.

Financial Performance Summary

The company's paid-up equity share capital remained at ₹2,000.00 lakh as of March 31, 2026. The earnings per share (EPS) for the year improved to ₹0.03 from a negative ₹0.75 in the prior year. The board meeting commenced at 07:30 PM and concluded at 08:00 PM on May 30, 2026.

SATANI BEARINGS LIMITED has formally submitted the voting results and scrutinizer's report for its Extraordinary General Meeting held on April 30, 2026, to the Bombay Stock Exchange Limited under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made on May 2, 2026, by Whole-time Director Tanuj Pareshkumar Satani (DIN: 11387693).

EGM Overview and Participation

The company achieved remarkable shareholder approval across all nine proposed resolutions during the video conference meeting. With 25 shareholders attending through video conferencing (6 promoter group members and 19 public shareholders), the meeting demonstrated strong corporate governance practices. The total voting turnout reached 83.79%, with 16758232 votes polled out of 20000000 outstanding shares as of the record date of April 23, 2026.

Resolution-wise Voting Results

All nine resolutions achieved exceptional approval rates, with each receiving 16758231 votes in favour and only 1 vote against, representing a 99.999994% approval rate. The voting was conducted entirely through remote e-voting, with the e-voting period open from April 27, 2026, at 9:00 AM IST to April 29, 2026, at 5:00 PM IST.

Key Corporate Actions Approved

Resolution 1 (Ordinary Resolution): Increase in Authorised Capital of the Company was approved to support future growth initiatives.

Resolutions 2-4 (Special Resolutions): Enhanced financial flexibility measures including:

• Increasing borrowing powers under Section 180(1)(c) of the Companies Act, 2013
• Creation of charges, mortgages, and hypothecation on properties under Section 180(1)(a)
• Authorization for investments, loans, and guarantees exceeding Section 186 limits

Resolution 6 (Ordinary Resolution): Share split from face value of Rs.10 to Rs.1 was approved, enhancing liquidity and accessibility for retail investors.

Resolutions 5, 7-8 (Special Resolutions): Corporate restructuring measures including:

• Alteration of Object Clause of Memorandum of Association
• Adoption of new Memorandum of Association
• Adoption of new Articles of Association

Resolution 9 (Special Resolution): Taking on record the certificate issued by Statutory Auditors pursuant to Regulation 45(3) requirements.

Voting Breakdown by Category

The promoter and promoter group demonstrated strong support with 14416533 votes polled from 14451499 shares held, achieving 99.76% participation. Public non-institutional shareholders showed significant engagement with 2341699 votes from 5548501 shares, representing 42.20% participation.

Scrutinizer Report and Compliance

The voting process was overseen by Abhishek Chhajed, Practicing Company Secretary (FCS 11334), Partner of SCS AND CO. LLP, who served as the appointed Scrutinizer. Purva Sharegistry (India) Private Limited provided the e-voting platform services. The votes were unblocked on April 30, 2026, at 5:36 PM in the presence of witnesses Ms. Bhavika Tolani and Ms. Krupa Patel.

The comprehensive documentation submitted to BSE includes detailed resolution-wise voting statistics, with each resolution showing consistent approval patterns across all shareholder categories. The submission ensures full regulatory compliance and transparency, with the company maintaining its commitment to strong corporate governance standards.