Sheshadri Industries has closed its trading window for dealing in company shares effective October 1, 2026. This restriction applies to designated persons and their immediate relatives until 48 hours after the declaration of the unaudited financial results for the quarter ended September 30, 2026.

The decision was taken pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Insider Trading Policy. The move ensures compliance with regulations governing the monitoring and reporting of trading activities by insiders during sensitive periods.

Regulatory Compliance and Timeline

The trading window closure is a standard procedural step to prevent insider trading while material non-public information regarding quarterly performance is being finalized. The company will intimate the specific date of the Board Meeting for the consideration and approval of these results in due course.

Key Details of the Closure

The Managing Director, Jeetender Kumar Agarwal, signed the intimation to BSE Limited on September 23, 2026. The communication confirms that the window remains closed for all designated persons as defined under the Code of Conduct.

Sheshadri Industries has scheduled its 17th Annual General Meeting (AGM) for September 30, 2026. The company has also announced the book closure period and e-voting timelines for shareholders.

The meeting will be held at the Incredible One Hotel in Secunderabad, Telangana, at 10:00 am. Business to be transacted includes the adoption of financial statements for FY26 and special resolutions regarding the reappointment of Managing Director Jeetender Kumar Agarwal.

Key Dates and Voting Details

The register of members and share transfer books will remain closed from September 19, 2026, to September 30, 2026. The cut-off date to ascertain eligibility for voting electronically is September 18, 2026.

Remote e-voting will commence on September 26, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm.

Financial Performance

Revenue from operations remained relatively stable at ₹2,824.65 lakh, a marginal increase of 0.2% over the ₹2,820.02 lakh reported in FY25. However, operational profitability faced pressure as profit before exceptional items and tax stood at ₹443.44 lakh, up from ₹355.37 lakh in the prior year.

The textile manufacturer reported a net profit of ₹218.42 lakh for the fiscal year ended March 31, 2026, down significantly from ₹837.21 lakh in the previous year. This decline was driven by exceptional items that reduced profit before tax by ₹225.01 lakh, compared to an exceptional gain of ₹479.96 lakh in FY25.

The company did not propose any dividend for the year ended March 31, 2026. Total income decreased slightly to ₹3,405.41 lakh from ₹3,445.86 lakh, while total expenses fell to ₹2,961.97 lakh from ₹3,090.49 lakh.

What the Numbers Show

A critical divergence exists between operational performance and bottom-line results due to non-recurring items. While core operations generated a higher profit before exceptional items (₹443.44 lakh vs ₹355.37 lakh), the final net profit was heavily impacted by exceptional charges. In FY25, a substantial gain on the sale of fixed assets contributed ₹479.96 lakh to profits. In contrast, FY26 saw exceptional losses totaling ₹225.01 lakh, primarily driven by a write-off of export licence receivables amounting to ₹214.11 lakh and GST demands of ₹10.90 lakh.

Governance and Related Parties

Shareholders will vote on the reappointment of Jeetender Kumar Agarwal as Managing Director for a five-year term commencing September 3, 2026. His remuneration package includes a basic salary of ₹3.5 lakh per month, plus perquisites and a commission capped at 1% of net profits or 50% of basic salary, whichever is lower.

The AGM agenda also includes approval for related-party transactions estimated up to ₹81 crore for FY27. These transactions involve entities where relatives of the Managing Director hold directorships or partnerships:

• Ishayu Exports Limited: ₹20 crore
• Devshree International Private Limited: ₹20 crore
• Ishayu Garments Private Limited: ₹15 crore
• Acti Tex Global Private Limited: ₹5 crore
• Suryavanshi Spinning Mills Limited: ₹5 crore
• Suryavanshi Industries Limited: ₹5 crore
• Aananda Lakshmi Spinning Mills Limited: ₹5 crore
• Sheshadri Power and Infrastructure Private Limited: ₹5 crore
• Innovative Interiors: ₹1 crore

The board asserts these deals are conducted at arm's length in the ordinary course of business.

Auditor Observations

Statutory auditors K.S. Rao & Co. issued a qualified opinion on the financial statements. The qualification arises from the company's failure to provide for interest payable on outstanding TDS dues of ₹31.23 lakh. Consequently, the auditors noted that current liabilities are understated by this amount, and profit for the year is overstated by ₹9.38 lakh. Additionally, the secretarial audit highlighted long-pending payables of ₹648.82 lakh and capital advances of ₹21.33 lakh where the limitation period has expired.