Sejal Glass Limited has released the transcript of its earnings conference call for the fourth quarter and year ended March 31, 2026. The call, originally held on Tuesday, May 12, 2026, at 03:30 PM IST, discussed the company's operational and financial performance. The transcript is now available on the company's official website. The regulatory filing reference number for this update is SGL/Compliance/2026-27/025.

Financial Performance for FY26

The company reported strong financial results for the fiscal year 2026, with significant improvements across key parameters. Total consolidated income stood at INR 401.36 crores as compared to INR 244.95 crores in FY25, reflecting a growth of approximately 64%. Consolidated EBITDA for the year was INR 66.32 crores, up nearly 88% year-on-year, with a margin improving to 16.5% from 14.4%. Profit after tax stood at INR 29.03 crores on a consolidated level, growing over 160% year-on-year, with a net profit margin improving to 7.2% from 4.5%.

Quarterly Performance for Q4 FY26

For the fourth quarter, Sejal Glass reported a total consolidated income of INR 116.85 crores as compared to INR 67.90 crores in Q4 FY25, registering a growth of over 72% year-on-year. Consolidated EBITDA for the quarter stood at INR 20.47 crores, with the margin improving to 17.5% from 14.5% last year. Profit after tax on a consolidated basis for the quarter came at INR 11.42 crores, growing over 200% year-on-year, with a net profit margin of 9.8%.

Operational Outlook and Guidance

Management stated that FY26 was a year of strong growth driven by scale expansion and better operating efficiencies. Looking ahead to FY27, the company expects a minimum growth of 25% if the situation remains moderate, potentially crossing 40% if conditions in the UAE improve. The company aims to balance its revenue mix to 60% from India and 40% from UAE, moving towards a 50-50 split in the future. New product verticals, including fire safety glass and railway segments, are expected to contribute 5% to 7% of revenue in the current year, rising to 15% to 20% in the next year.

Management Speakers

The earnings call featured participation from senior Sejal Glass management, including:

• Mr. Amrut Gada – Promoter
• Mr. Chandresh Rambhia – Chief Financial Officer

The disclosure was signed by Ashwin S. Shetty, Vice President – Operations & Company Secretary-Compliance Officer.

The Board of Directors of Sejal Glass Limited , at its meeting held on Saturday, April 16, 2026, approved several significant governance and compliance decisions, including the re-appointment of statutory and internal auditors, a Whole Time Director, and two Non-Executive Independent Directors. All director re-appointments are subject to approval by members at the ensuing Annual General Meeting. The board meeting commenced at 11:30 A.M. and concluded at 02:30 P.M.

Key Appointments Approved by the Board

The board approved a comprehensive set of re-appointments across audit and leadership functions. The following table summarises the key decisions:

Statutory and Internal Auditor Re-Appointments

The board, based on the recommendation of the Audit Committee at its meeting held on May 16, 2026, approved the re-appointment of M/s. Gokhale and Sathe, Chartered Accountants (FRN: 103264W) as Statutory Auditors for a second term of five consecutive years, from the conclusion of the ensuing AGM till the conclusion of the 33rd Annual General Meeting. The firm, founded in 1983 and headquartered in Mumbai, is led by 15 partners supported by 31 qualified Chartered Accountants and a total staff strength of approximately 200 personnel. The firm specialises in Audit & Assurance services for listed companies, unlisted entities, NBFCs, government entities, PSUs, and multi-state co-operative banks, with branch offices in Pune and Jaipur.

For internal audit, the board approved the re-appointment of M/s. Joisher & Associates, Chartered Accountants (ICAI Membership No. 171693), for financial year 2026-27, effective April 1, 2026. The firm is led by Ms. Mayuri Desai, a Fellow Member of ICAI, whose core areas of specialisation include Internal & Operational Audits, Statutory & Regulatory Compliance, and Financial Advisory & Risk Management.

Director Re-Appointments

The board, on the recommendation of the Nomination and Remuneration Committee at its meeting held on May 16, 2026, approved the re-appointment of three directors:

• Mr. Jiggar Lakshmichand Savla (DIN: 09055150) has been re-appointed as Whole Time Director for a period of 2 consecutive years from May 17, 2026 to May 16, 2028. He holds an MBA (Marketing) from Keele University and brings experience in finance, operations, distribution, and business management. He is associated with Delicare Lifesciences Private Limited as Director, overseeing finance and operations of the company's chemical business.

• Mr. Chirag Himatlal Doshi (DIN: 08532321) has been re-appointed as Non-Executive Independent Director for a second term of 5 consecutive years from May 17, 2026 to May 16, 2031. He is the Managing Partner of CD Financial Re-Engineering Advisors LLP, a Fellow Chartered Accountant (FCA), Certified Information System Auditor (CISA), and CFA Level II qualified professional with over 15 years of international experience. He has served as President of the Bombay Chartered Accountants' Society and as a Member of the Auditing & Assurance Standards Board of ICAI during 2019–2021.

• Ms. Neha Rajen Gada (DIN: 01642373) has been re-appointed as Non-Executive Independent Director for a second term of 3 consecutive years from May 17, 2026 to May 16, 2029. She is an Associate Member of ICAI with nearly 28 years of experience in corporate governance, securities law, and compliance. She is the Co-founder of Infineon Capital Advisors Private Limited and leads her boutique advisory firm, N R Gada & Associates. She has secured the first position in the CA Women Independent Director Award organised by WYMEC of ICAI.

All three directors have been confirmed as not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other such authority.

28th Annual General Meeting and E-Voting Details

The 28th Annual General Meeting of Sejal Glass Limited is scheduled for Saturday, July 18, 2026, at 11:00 AM (IST) through physical mode, with the venue to be intimated with the notice of the meeting. The board has approved the appointment of National Securities Depository Limited as the e-voting agency for the AGM.

Key dates related to the AGM are as follows:

The board has appointed CS Harshad Pusalkar of Pusalkar & Co., Practicing Company Secretaries, as the Scrutinizer to oversee the remote e-voting process and voting at the AGM. The Scrutinizer is required to submit a consolidated report to the Chairman not later than 48 hours from the conclusion of the AGM. The Notice of the AGM along with the Annual Report for the financial year ended March 31, 2026, will be dispatched electronically to shareholders with registered email addresses, with physical copies sent to others as required under applicable laws.