Shivagrico Implements declared the voting results of its 47th Annual General Meeting (AGM) on August 20, 2026, confirming that all resolutions presented to shareholders were passed with the requisite majority. The meeting, which commenced at 11:00 am and concluded at 11:48 am, was conducted through Video Conferencing and Other Audio-Visual Means (OAVM). A total of 28 members attended via video conferencing, representing 31,02,128 votes polled out of 50,13,600 total shares held by 2,817 shareholders as on the cut-off date of August 13, 2026.

Voting Results Overview

The company provided remote e-voting facilities via the National Securities Depository Limited (NSDL) platform from August 17, 2026, at 9:00 am to August 19, 2026, at 5:00 pm. An additional e-voting window was open for 15 minutes during the meeting. Mr. Narayan Parekh from PRS Associates served as the Scrutinizer for the process.

The consolidated voting results show overwhelming support for all agenda items, with assent votes ranging from 99.97% to 100% across different categories. No shareholders voted against any resolution in person during the meeting, with dissent limited to a negligible number of votes cast remotely.

Board Appointments and Re-appointments

The meeting focused significantly on governance changes, with several director appointments and re-appointments approved:

• Re-appointment of Mr. Hemant Ranawat as a director, replacing his tenure which retired by rotation.
• Re-appointment of Mr. Vimalchand Jain as Managing Director for a period of three years.
• Appointment of Mr. Vinit Ranawat as a Non-Executive Non-Independent Director.
• Appointment of Mr. Arvind Joshi as a Non-Executive Independent Director.
• Appointment of Mrs. Kavita Jain as a Non-Executive Independent Director.

Voting Breakdown by Shareholder Category

Promoter and Promoter Group shareholders held 31,17,730 shares and cast 30,67,480 votes (98.39% participation), all in favor of every resolution. Public non-institutional shareholders held 18,52,070 shares and cast 34,648 votes (1.87% participation), with 99.97% assent. Public institutional shareholders, holding 43,800 shares, did not participate in the voting process.

The Company Secretary informed members that the consolidated voting results and the Scrutinizer's Report have been uploaded to the company's website and the NSDL portal. No qualifications or adverse observations were noted in the auditors' report during the proceedings.

Shivagrico Implements Ltd reported a net profit of ₹6.09 lakh for the quarter ended June 30, 2026, compared to a net profit of ₹0.03 lakh in the corresponding period of FY26. The company’s revenue from operations stood at ₹1,163.59 lakh, down 0.7% from ₹1,172.34 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results in a meeting held on August 12, 2026. The results were reviewed by statutory auditors S. Ambavne Jain & Associates LLP.

Financial Performance

Total income from operations was ₹1,172.41 lakh, including other operating income of ₹8.82 lakh. Total expenses for the quarter were ₹1,164.70 lakh.

Earnings per share (basic and diluted) were ₹0.12, up from nil in the previous year’s quarter. Tax expense for the quarter was ₹1.62 lakh, comprising current tax of ₹6.65 lakh and deferred tax benefit of ₹5.03 lakh.

Segment-wise Revenue

Revenue from domestic operations in India declined to ₹943.06 lakh from ₹1,016.97 lakh in Q1FY26. Conversely, revenue from other overseas locations increased significantly to ₹220.53 lakh from ₹155.37 lakh during the same period.

What the Numbers Show

The company’s profit improvement was driven by a sharper decline in total expenses than in revenue. While revenue fell by approximately ₹8.75 lakh year-on-year, total expenses decreased by roughly ₹8.25 lakh. Additionally, the shift in revenue mix towards higher-growth overseas markets suggests a diversification strategy, even as domestic sales contracted.

Balance Sheet Indicators

As per the disclosure, total financial indebtedness, including short-term and long-term debt, stood at ₹1,786.22 lakh. Loans and revolving facilities outstanding were ₹1,317.96 lakh, with no defaults reported as on the date of filing.