Shreyans Industries published the consolidated voting results for its 46th annual general meeting (AGM) held on August 12, 2026. The meeting, chaired by Chairman & Managing Director Rajneesh Oswal, concluded at 11:37 am after transacting all items of business. Shareholders voted in favour of all seven resolutions proposed, including the adoption of financial statements, dividend declaration, and the reappointment of key board members.

The total number of shareholders on the record date of August 5, 2026, was 16,311. Of these, 40 shareholders (14 promoters and 26 public) were present in person or through proxy. No shareholders attended via video conferencing. The scrutinizer for the process was P. S. Bathla & Associates, represented by Company Secretary Parminder Singh Bathla.

Voting Results Overview

The voting process included remote e-voting from August 8 to August 11, 2026, and physical ballot voting at the meeting. The promoter group holds 6,951,593 shares (50.28% of total equity), while public institutions hold 61,809 shares and non-institutional public shareholders hold 6,811,148 shares.

Director Reappointments

Shareholders approved the reappointment of three key directors through special resolutions:

• Kunal Oswal (DIN: 00004184): Reappointed as Wholetime Director from August 1, 2026, to July 31, 2029. He also retired by rotation and offered himself for reappointment as an ordinary business item.
• Rajneesh Oswal (DIN: 00002668): Reappointed as Chairman & Managing Director from September 1, 2026, to August 31, 2029.
• Vishal Oswal (DIN: 00002678): Reappointed as Vice-Chairman & Managing Director from September 1, 2026, to August 31, 2029.

The promoter group voted unanimously in favour of Kunal Oswal’s reappointment. For Rajneesh Oswal and Vishal Oswal, the promoter group also voted unanimously, though some public institutional shareholders voted against their reappointments.

Other Resolutions

The company adopted the audited financial statements for FY26, which received 99.88% support. A final dividend of ₹1.50 per equity share for FY26 was approved with near-unanimous support (100%). Shareholders also ratified the remuneration of Cost Auditors M/s. Rajan Sabharwal and Associates for FY27.

Both the statutory auditor and secretarial auditor submitted reports without any qualifications, observations, or adverse remarks, indicating compliance with regulatory standards for the period.

Shreyans Industries reported a net loss of ₹3.24 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant reversal from the net profit of ₹17.27 crore recorded in Q1FY26. The company’s Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While revenue from operations grew by 4.2% year-on-year to ₹160.13 crore, the bottom line was pressured by rising material and operational costs that outweighed gains in other income.

The filing reveals that total income stood at ₹170.14 crore, up from ₹164.73 crore in the corresponding period last year. This growth was primarily driven by a surge in other income, which jumped to ₹10.01 crore from ₹11.10 crore, largely aided by a gain of ₹6.92 crore on the fair valuation of investments measured at fair value through profit or loss. However, this positive contribution was insufficient to offset the expansion in total expenses, which climbed to ₹173.58 crore from ₹142.44 crore in Q1FY26.

Key Financial Metrics

Cost of materials consumed rose sharply by 30.8% to ₹90.87 crore, while power and fuel expenses nearly doubled to ₹41.53 crore from ₹26.55 crore. Employee benefits expense also increased slightly to ₹19.55 crore. These cost escalations resulted in an operating loss before tax of ₹3.44 crore, compared to a profit of ₹22.29 crore in the prior year period. Deferred tax benefits of ₹2.05 crore helped narrow the final net loss to ₹3.24 crore.

The updated newspaper publication of the results also provides comparative figures for the preceding quarter, Q4FY26. In the quarter ended March 31, 2026, Shreyans Industries reported a net loss of ₹10.48 crore, down from a net profit of ₹1.73 crore in Q4FY25. Total income for Q4FY26 stood at ₹171.50 crore, while total expenses remained elevated, contributing to the pre-tax loss of ₹11.94 crore.

What the Numbers Show

The divergence between revenue growth and expense inflation highlights margin compression in Shreyans Industries’ core operations. While top-line growth remained modest at 4.2%, total expenses surged by 21.9%, indicating that input cost pressures—particularly in raw materials and energy—were not fully passed on to customers or absorbed through efficiency gains. The reliance on fair value gains in other income to support total income further underscores the volatility in non-operating segments, as these gains can fluctuate significantly with market conditions.

The statutory auditors, SCV & Co. LLP, issued an unmodified conclusion on the unaudited financial results after conducting a review in accordance with Standard on Review Engagements (SRE) 2410. The financial statements were prepared in compliance with Ind AS 34 and Section 133 of the Companies Act, 2013. The company operates solely in the writing and printing paper segment, with no reportable segments under Ind AS 108.

Earnings per share (basic and diluted) turned negative at ₹(2.34), down from ₹12.49 in Q1FY26. The paid-up equity share capital remained unchanged at ₹138.25 crore. There were no exceptional items or discontinued operations reported during the quarter.