Shreyans Industries concluded its 46th annual general meeting on August 12, 2026, at its registered office in Ludhiana. The meeting, chaired by Chairman & Managing Director Rajneesh Oswal, commenced at 11:00 am and ended at 11:37 am after transacting all items of business listed in the notice.

Shareholders approved a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The company also adopted the audited financial statements for FY26. Both the statutory auditor and secretarial auditor submitted reports without any qualifications, observations, or adverse remarks, indicating compliance with regulatory standards for the period.

Director Reappointments

The meeting approved the reappointment of three key directors for three-year terms through special resolutions:

• Kunal Oswal (DIN: 00004184): Reappointed as Wholetime Director from August 1, 2026, to July 31, 2029. He also retires 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.

Cost Auditor Remuneration

As special business, shareholders ratified the payment of remuneration to Cost Auditors M/s. Rajan Sabharwal and Associates (Firm Registration No: 101961) for the financial year ending March 31, 2027. This was passed via an ordinary resolution.

Voting Process

The company provided remote e-voting facilities to members as of the cut-off date of August 5, 2026. Remote voting ran from 9:00 am on August 8, 2026, to 5:00 pm on August 11, 2026. P. S. Bathla, Company Secretary in practice at Ludhiana, served as the scrutinizer for the process. Ballot voting was also conducted at the physical meeting. Detailed voting results were scheduled for submission to stock exchanges within two working days of the meeting's conclusion, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.

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.