Sheetal Cool Products has scheduled its 13th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held via video conferencing or other audio-visual means to transact ordinary and special business items for shareholders.

The primary agenda includes receiving, considering, and adopting the audited financial statements for the financial year ended March 31, 2026. This encompasses the balance sheet, statement of profit and loss, and cash flow statement, along with the reports from the Board of Directors and statutory auditors.

Governance and Appointments

Shareholders will also consider the re-appointment of Mr. Dineshbhai D Bhuva as a Whole-Time Director. He retires by rotation at the ensuing AGM and, being eligible, has offered himself for re-appointment. The Board has recommended his re-appointment based on the Nomination and Remuneration Committee's advice.

Special Business

The special business item involves the ratification of the remuneration for the Cost Auditor. The Board seeks approval to pay M/s. Niketan Govindbhai Tadhani & Co. a remuneration of ₹29,500, including GST, for conducting the cost audit of the company's milk products for the financial year ending March 31, 2027.

Voting and Participation

The company is providing remote e-voting facilities through the National Securities Depository Limited (NSDL). The e-voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. Members holding shares as on the record date of September 22, 2026, are eligible to vote.

Sheetal Cool Products reported a net profit of ₹6.99 crore for the quarter ended June 30, 2026, up from ₹5.34 crore in the corresponding period of FY25. Revenue from operations rose 17.5% year-on-year to ₹132.64 crore, compared to ₹112.90 crore in Q1FY25. Operating profitability also strengthened, with EBITDA rising to ₹140 million (approximately ₹117.7 crore) from ₹104 million (approximately ₹86.8 crore) in Q1FY25. The EBITDA margin expanded to 10.54% from 9.3% in the previous year's quarter.

The Board of Directors approved the unaudited financial results at its meeting held on August 13, 2026, at the company’s registered office in Amreli, Gujarat. Statutory auditors HB Kalaria & Associates issued an unmodified review report on the interim financial information. The meeting commenced at 11:00 am and concluded at 11:50 am.

Financial Performance

Profit before tax stood at ₹9.35 crore, an increase from ₹7.19 crore in Q1FY25. Total tax expense was ₹2.36 crore, comprising current tax of ₹2.21 crore and deferred tax of ₹0.14 crore. Earnings per share (basic and diluted) were ₹6.66, compared to ₹5.09 in the previous year’s quarter.

Cost of materials consumed increased to ₹94.19 crore from ₹66.66 crore year-ago, reflecting higher input costs or volume mix shifts. Employee benefits expense rose to ₹7.31 crore from ₹6.34 crore. Finance costs were ₹2.29 crore, up from ₹1.55 crore in Q1FY25.

What the Numbers Show

Other income declined sharply to ₹0.05 crore from ₹0.09 crore in the prior year quarter, reducing its contribution to total income. In Q1FY25, other income constituted approximately 0.08% of total income; in Q1FY26, this share fell to negligible levels. This indicates that the profit growth was driven entirely by operational revenue expansion rather than non-operating gains. The simultaneous expansion in EBITDA margin from 9.3% to 10.54% suggests improved operating leverage despite the significant rise in material costs.

Segment and Accounting Notes

The company operates in two segments: "Milk and Milk Products" and "Namkeen Products." Segment reporting is not applicable as the Namkeen products segment does not meet quantitative thresholds under Ind AS 108. The company migrated its accounting software from Tally to an ERP-based system during the year, which has resulted in material differences in financial information compared with the previous system. The Code on Social Security, 2020 may impact employee-related contributions, though the effective date is yet to be notified.