Sharat Industries will hold its 36th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 11:00 am via video conference or other audio-visual means. The company’s register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026, both days inclusive.

The meeting notice and the annual report for FY25-26 were dispatched electronically to members with registered email addresses on August 28, 2026. The documents are also available on the company’s website and the BSE Limited portal.

E-Voting Details

Shareholders holding equity shares as of the cut-off date of September 23, 2026, are eligible to vote. The company has engaged CDSL for the e-voting facility. Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and conclude on Tuesday, September 29, 2026, at 5:00 pm.

Members who cast their votes via remote e-voting prior to the AGM may attend the meeting but cannot vote again. Those who have not voted remotely can participate in e-voting during the AGM. M/s. BP & Associates, Company Secretaries, Chennai, has been appointed as the scrutinizer for the e-voting process.

Compliance and Contact Information

The intimation was issued in compliance with Section 91 of the Companies Act, 2013, Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and MCA General Circular No. 03/2025. N. Ganesan, Chief Financial Officer, Company Secretary, and Compliance Officer, confirmed the details in a communication to BSE Limited dated September 7, 2026.

The company’s corporate office is located in Chennai, while its registered office and processing plants operate in Nellore, Andhra Pradesh.

Sharat Industries reported a 17% year-on-year increase in standalone net profit to ₹62.8 crore for the quarter ended June 30, 2026, driven by robust performance in its core aquaculture segment. The Nellore-based company also announced a significant leadership transition, with Chief Financial Officer Balasubramanian R resigning due to personal reasons and Company Secretary Ganesan Nilakanatan assuming the CFO role effective August 10, 2026. The financial results were approved by the Board of Directors during a meeting held on August 10, 2026, in compliance with SEBI Listing Regulations.

Financial Performance Highlights

Revenue from operations for Q1FY27 stood at ₹1,203.0 crore, up from ₹1,152.0 crore in the corresponding quarter of FY26. This top-line growth was accompanied by improved operational efficiency, with EBITDA rising to ₹130.0 million (derived from PBT and tax structures) and margins expanding. The company’s profit before tax increased to ₹88.6 crore from ₹74.4 crore in Q1FY26.

The consolidated results mirrored the standalone figures, with no material impact from associates. United Aquatech Private Limited, an associate company, reported zero revenue and a net loss of ₹1.6 million for the quarter, which did not materially affect the group’s bottom line under the equity method of accounting.

Leadership Transition

The Board of Directors accepted the resignation of Balasubramanian R, who served as CFO and Key Managerial Personnel (KMP). His departure is effective from the close of business hours on August 10, 2026. In his resignation letter, Mr. R cited personal reasons and expressed gratitude for the support received during his two-year tenure.

Simultaneously, the Board appointed Ganesan Nilakanatan, currently the Company Secretary and Compliance Officer, as the new Chief Financial Officer. Mr. Nilakanatan, aged 62, brings over 35 years of experience in finance and company secretarial affairs. He holds qualifications in Company Secretaryship, Cost Accountancy, and ACMA UK. His appointment was recommended by the Nomination and Remuneration Committee and the Audit Committee, aligning with Clause (7) of Para A of Part A of Schedule III of Regulation 30 of the SEBI LODR Regulations.

Operational Insights

Sharat Industries operates primarily in the aquaculture sector, which remains its single reportable segment. The improvement in net profit margin, despite a modest revenue growth, suggests better cost management or favorable product mix. Finance costs remained stable at ₹27.6 crore, while employee benefits expenses saw a slight increase to ₹25.1 crore, reflecting potential headcount adjustments or wage revisions.

Auditor’s Review

The unaudited financial results were reviewed by A.R. Krishnan & Associates, the statutory auditors, in accordance with Standard on Review Engagement (SRE) 2410. The auditors issued a clean limited review report, stating that nothing came to their attention to cause them to believe that the financial statements contained any material misstatement. The results comply with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.