Shree Rama Multi-Tech has scheduled its 32nd Annual General Meeting for Friday, September 25, 2026. The event will be conducted through video conferencing or other audio-visual means.

The company issued the notice on August 24, 2026, in compliance with Ministry of Corporate Affairs Circular No. 03/2025 dated September 22, 2025. The AGM aims to transact ordinary and special businesses as outlined in the official notice.

Meeting Details

Shareholders can attend the meeting remotely via the electronic platform provided by National Securities Depository Limited. The deemed venue for the proceedings is the company’s registered office in Moti-Bhoyan, Gujarat.

Key Dates and Information

Electronic copies of the AGM notice and the annual report for FY26 will be sent to members with registered email addresses. Shareholders holding shares in physical form or those without registered emails are requested to update their details with the Registrar and Share Transfer Agent, Kfin Technologies Limited.

The company will provide remote e-voting facilities for all resolutions set forth in the notice. Detailed instructions for joining the meeting and casting votes are included in the AGM notice available on the company website.

Agenda Items

Ordinary Business

The ordinary business agenda includes:

• Receiving, considering, and adopting the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
• Appointing a Director in place of Ms. Vandana C. Patel (DIN: 07010646), who retires by rotation and offers herself for re-appointment.

Special Business

The special business agenda includes:

• Reappointment of Shri Hemal R. Shah (DIN: 07338419) as Whole-Time Director for a period of three years effective from November 27, 2026. His remuneration includes a basic salary of ₹26,69,160 per annum and perquisites up to ₹25,19,160 per annum.
• Ratification of remuneration payable to M/s Maulin Shah & Associates (FRN: 101527) for conducting the cost audit for FY27.

Financial Performance Context

For FY26, the company reported revenue from operations of ₹23,967.74 lakh, an increase from ₹20,783.87 lakh in the previous year. Profit before tax rose to ₹3,359.71 lakh from ₹2,183.80 lakh. However, profit for the year decreased to ₹2,476.23 lakh from ₹5,134.57 lakh due to deferred tax expenses.

Shree Rama Multi-Tech reported a net profit of ₹80.6 crore for the quarter ended June 30, 2026, rising 10% year-on-year from ₹73.5 crore. Revenue from operations grew 45% to ₹805.2 crore, up from ₹553.5 crore in the corresponding period last year, reflecting strong top-line momentum despite margin pressures.

The Board of Directors approved the unaudited financial results on August 13, 2026, after review by the Audit Committee. The results were subjected to a limited review by the statutory auditors, Mahendra N. Shah & Co., who issued a qualified conclusion due to the non-consolidation of accounts of its wholly owned subsidiary, Shree Rama (Mauritius) Limited, which has been declared defunct under Mauritius law.

Financial Highlights

Note: EBITDA calculated as Profit before exceptional items and tax (₹111.9 crore) plus Depreciation (₹22.9 crore) and Finance Cost (₹2.3 crore). Prior year EBITDA calculated similarly.

Board Approvals and Corporate Actions

Alongside the financial results, the Board approved several key corporate actions:

• Re-appointment of Director: Hemal R. Shah was re-appointed as Whole-Time Director for a further period of three years, effective November 27, 2026, subject to member approval. He brings over 29 years of experience in the plastic and packaging industry.
• Preference Share Redemption: The Board extended the tenure for redemption of 7,66,666 15% Cumulative Redeemable Preference shares by five years from the original redemption date.
• AGM Schedule: The 32nd Annual General Meeting is scheduled for September 25, 2026, via video conferencing. The cut-off date for voting eligibility is September 18, 2026, with remote e-voting available from September 22 to September 24, 2026.

What the Numbers Show

The financial data reveals a divergence between revenue growth and profitability efficiency. While revenue accelerated at nearly double the rate of EBITDA growth (45% vs 21%), the net profit growth of 10% suggests that non-operating expenses or tax impacts absorbed some of the operating gains. The 330 basis point drop in EBITDA margin highlights that the revenue expansion came at a higher marginal cost than in the prior year, likely due to input inflation or mix shifts. Additionally, other income declined significantly to ₹2.3 crore from ₹15.0 crore in the previous quarter, contributing to the slower bottom-line growth relative to top-line expansion.