SGN Telecoms has scheduled its 40th annual general meeting for September 29, 2026, at its registered office in Mohali. The board approved the financial statements for FY26 on September 5, 2026.

Shareholders holding records as of September 22, 2026, are eligible to vote. The meeting will transact ordinary business, including the adoption of audited accounts and the reappointment of managing director Surinder Singh.

Key Dates and Details

The book closure period runs from September 23, 2026, to September 29, 2026. This window determines dividend eligibility and voting rights.

Governance and Director Reappointment

Surinder Singh, who retires by rotation, offers himself for reappointment. He is a postgraduate in engineering with over 29 years of experience in administration control. Mr. Singh holds 10,734,100 equity shares in the company.

He currently serves as a member of the Stakeholder Relationship Committee and Audit Committee. During FY26, he attended six board meetings. His relationship with Mrs. Parminder Kaur, another director, is disclosed as husband and wife.

E-Voting Process

Anil Negi & Company has been appointed as the scrutinizer for e-voting. The remote e-voting period begins on September 26, 2026, at 9:00 am and ends on September 28, 2026, at 5:00 pm.

Shareholders can vote through the National Securities Depository Limited (NSDL) platform. Individual shareholders with demat accounts can log in using their DP ID and Client ID or via OTP-based authentication. Physical shareholders must use their EVEN number and folio number.

The company urges members to register their email addresses with depositories or the Registrar and Share Transfer Agent (MAS Services Limited) to access electronic communications and voting facilities.

SGN Telecoms reported a widened net loss of ₹23.732 lakh for the financial year ended March 31, 2026, as the company continued to record zero revenue from operations. The loss for the year compares to a net loss of ₹23.732 lakh in the previous year, with the financial performance driven entirely by other income and expenses. The Board of Directors approved the audited financial results at a meeting held on May 29, 2026.

The company's total income from operations for FY26 stood at ₹15.089 lakh, derived entirely from other income as revenue from operations remained nil. Total expenses for the year rose to ₹38.821 lakh, primarily driven by employee benefits expense of ₹9.283 lakh and other expenses amounting to ₹28.643 lakh. Finance costs for the period were recorded at ₹0.895 lakh.

For the quarter ended March 31, 2026, sgn telecoms reported a net loss of ₹4.167 lakh, compared to a loss of ₹1.092 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹3.916 lakh, while total expenses increased to ₹8.083 lakh. The basic and diluted earnings per share (EPS) for the quarter was reported at a loss of ₹0.005.

The company's balance sheet as of March 31, 2026, showed total assets of ₹327.853 lakh, a marginal increase from ₹323.234 lakh in the previous year. Non-current assets remained stable at ₹103.191 lakh, while current assets rose to ₹224.662 lakh, driven by trade receivables of ₹211.109 lakh and cash and cash equivalents of ₹12.497 lakh.

On the liabilities side, total equity decreased to ₹8.061 lakh from ₹31.794 lakh in the prior year, impacted by the accumulated losses reflected in reserves and surplus. Non-current liabilities increased to ₹311.031 lakh, while current liabilities decreased to ₹8.761 lakh.

The statutory auditors, Narinder Kumar and Company, issued an audit report with an unmodified opinion on the financial results. The cash flow statement for the year indicated a net increase in cash and cash equivalents of ₹4.963 lakh, bringing the closing balance to ₹12.497 lakh. Cash generated from operations was negative at ₹8.228 lakh, while financing activities provided a net inflow of ₹29.539 lakh, largely due to long-term borrowings.

Financial Results for FY26