Shreenath Investment Company Limited will hold its 46th Annual General Meeting on September 22, 2026, at 3:00 pm at 801-802, Dalamal Towers, Nariman Point, Mumbai. The meeting aims to adopt the financial statements for FY26 and approve a revised remuneration structure for the Managing Director.

The board meeting held on August 26, 2026, approved several administrative actions ahead of the AGM. These include the draft directors report for FY26, book closure from September 12 to September 21, 2026, and the reappointment of M/s. ZADN & Associates as internal auditor for FY27. The AGM notice was filed with BSE Limited on August 27, 2026.

Financial performance for FY26

For the year ended March 31, 2026, the company reported a net profit of ₹163.33 lakh, down from ₹225.54 lakh in the previous year. Total income stood at ₹643.14 lakh, compared to ₹829.86 lakh in FY25. The decline in profit was driven by lower revenue from operations and other income, despite a reduction in total expenses to ₹386.45 lakh from ₹505.29 lakh.

The company did not recommend any dividend for FY26, opting to plough back profits for future growth. The entire net profit was transferred to retained earnings.

AGM agenda

The meeting will transact the following business:

• Adoption of audited financial statements along with the Board of Directors and auditors reports for the year ended March 31, 2026
• Re-appointment of Mr. Ashwin Pukhraj Jain (DIN: 00173983) as director, who retires by rotation
• Appointment of M/s. Mahesh Patira & Associates (FRN: 136900W), Chartered Accountants, as statutory auditor for a term of five consecutive years from FY27 up to FY31
• Approval of revised remuneration for Managing Director Mr. Jatin Jain (DIN: 08521872) for the period April 1, 2027 to March 26, 2029

Managing director remuneration details

The remuneration proposal for Mr. Jatin Jain covers the remaining period of his existing tenure, which was approved at an Extraordinary General Meeting on July 15, 2024, for five years commencing March 27, 2024. The current proposal seeks to increase the maximum remuneration ceiling from ₹1,20,00,000 per annum to ₹1,50,00,000 per annum for the period from April 1, 2027 to March 26, 2029.

The Nomination and Remuneration Committee and the Board of Directors approved this proposal at their respective meetings held on August 12, 2026, subject to member approval. In FY26, Mr. Jain drew a salary of ₹66,00,000 and a performance-based incentive of ₹22,00,000.

E-voting and scrutinizer

Members may cast votes electronically through KFin Technologies Limited. Remote e-voting opens on September 19, 2026, at 9:00 am and closes on September 21, 2026, at 5:00 pm. Mr. Mohammed Aabid, Partner of M/s. Aabid & Co., Practicing Company Secretaries (Membership No. F6579), has been appointed as scrutinizer for the e-voting process. Results will be declared on or after the AGM and placed on the company's website and KFin Technologies Limited's website.

Shreenath Investment Company Limited reported a net profit of ₹172.14 lakh for the quarter ended June 30, 2026, marking a significant increase from the ₹44.96 lakh recorded in the corresponding period of FY25. The company’s total income stood at ₹63.01 lakh, derived entirely from other income, as revenue from operations remained nil.

The Board of Directors approved the unaudited standalone financial results in a meeting held on August 12, 2026. Pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements containing the unaudited financial results on August 13, 2026. The advertisements appeared in Free Press Journal (English) and Navshakti (Marathi), both of which have electronic editions. The company also provided a Quick Response (QR) code in the advertisements to access complete financial results, which are available on its website.

The results were reviewed by Mahesh Patira & Associates, the statutory auditors, who issued a limited review report with an unmodified opinion pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Total expenses for the quarter amounted to ₹70.81 lakh, comprising employee benefit expenses of ₹36.38 lakh, finance costs of ₹27.73 lakh, and other expenses of ₹6.59 lakh. Depreciation and amortisation expense was minimal at ₹0.11 lakh. Consequently, the company reported a loss before exceptional items and tax of ₹7.80 lakh, contrasting with a profit before tax of ₹73.84 lakh in Q1FY25.

The bottom-line improvement was primarily attributable to a substantial deferred tax benefit of ₹179.94 lakh. Current tax expense was nil for the quarter. In comparison, total tax expenses in Q1FY25 stood at ₹28.88 lakh, including current tax of ₹1.38 lakh and deferred tax of ₹27.50 lakh.

What the Numbers Show

The divergence between the operational loss and the reported net profit highlights the dominant role of tax accounting adjustments in the quarter’s profitability. While other income declined sharply from ₹114.46 lakh in Q1FY25 to ₹63.01 lakh in Q1FY26, and total expenses increased by over 70%, the deferred tax credit of ₹179.94 lakh more than doubled the final net profit figure compared to the prior year. This indicates that core operational metrics deteriorated, but statutory profit was bolstered by non-cash tax benefits.

Comprehensive Income

Other comprehensive income for the quarter surged to ₹12,513.75 lakh, up from ₹1,658.62 lakh in Q1FY25. This included items that will not be reclassified to profit and loss, amounting to ₹14,601.81 lakh, partially offset by an income tax effect of (₹2,088.06 lakh). Consequently, total comprehensive income reached ₹12,685.89 lakh, significantly higher than the ₹1,703.58 lakh reported in the previous year’s quarter.

Earnings per share (basic and diluted) stood at ₹68.86, compared to ₹17.98 in Q1FY25. The EPS figures are not annualised for the quarter ended June 30, 2026.