Shivalik Rasayan Limited held its Extra-Ordinary General Meeting (EGM) on August 20, 2026, to consider resolutions regarding the preferential issuance of equity shares and fully convertible warrants.

The meeting was convened at Hotel Saffron Leaf in Dehradun, Uttarakhand, starting at 1:00 pm and concluding at 2:05 pm. The Chairman, Mr. Rahul Bishnoi, presided over the proceedings, which included an address on the industry’s economic outlook and the company’s performance challenges.

Resolutions Considered

Shareholders were asked to approve two special resolutions concerning capital raising measures. Remote e-voting was available from August 17, 2026, at 9:00 am until August 19, 2026, at 5:00 pm.

Meeting Proceedings

The requisite quorum was present, allowing the meeting to proceed. Key managerial personnel in attendance included Managing Director Dr. Vimal Kumar Shrawat, Vice-Chairman Mr. Suresh Kumar Singh, Independent Director Mr. Sham Goel, Chief Financial Officer Mr. Vinod Kumar, and Company Secretary Ms. Parul Choudhary.

Members were invited to raise queries regarding operations and financial performance, which the Chairman addressed. Mr. Manoj Kumar Jain of M/s. AMJ & Associates served as the scrutinizer for the e-voting process.

Voting Results

The consolidated voting results, combining remote e-voting and votes cast during the EGM, will be communicated to stock exchanges and published on the company’s website and CDSL portal upon receipt of the scrutinizer’s report.

Shivalik Rasayan Limited reported a return to profitability in its first quarter of FY27, posting a consolidated net profit after tax of ₹14.97 crore for the quarter ended June 30, 2026. This stands in contrast to the net loss of ₹2.84 crore recorded in the corresponding quarter of the previous fiscal year.

The company’s total income from operations grew by 18.3% year-on-year to ₹227.61 crore, up from ₹192.44 crore in Q1FY26. The improvement in the top line contributed to a significant turnaround in the bottom line, with earnings per share (basic and diluted) rising to ₹5.39 from ₹1.34 in the prior year period.

What the Numbers Show

The divergence between standalone and consolidated results highlights the impact of subsidiaries on the group’s overall performance. While the standalone entity recorded a modest profit before tax of ₹0.91 crore against ₹4.49 crore in the previous year, the consolidated structure delivered a pre-tax profit (before exceptional items) of ₹16.58 crore. This suggests that the primary driver of the quarterly recovery lies within the consolidated operations rather than the parent company’s direct activities.

Financial Highlights

The Board of Directors approved the unaudited financial results on August 14, 2026. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.