Shreyas Intermediates submitted its 37th Annual Report for FY26 to BSE on September 5, 2026, reporting total income of ₹1,720.14 lacs against ₹51.92 lacs in FY25, while the net loss narrowed to ₹126.16 lacs from ₹158.55 lacs.

Financial performance summary

The company's revenue from operations stood at ₹1,668.66 lacs in FY26, compared to nil in FY25, as the company resumed manufacturing activity in Phthalocyanine Blue (CPC Blue) pigments. Other income, comprising interest received and rent received, was ₹51.48 lacs versus ₹51.92 lacs in FY25. The cost of materials consumed was ₹1,655.32 lacs, with depreciation and amortisation at ₹170.50 lacs unchanged from the prior year. No tax expense was recognised in either year.

The following table summarises the standalone financial results for FY26 and FY25:

Balance sheet highlights

As at March 31, 2026, total assets stood at ₹2,495.04 lacs against ₹2,660.50 lacs as at March 31, 2025. Total equity was ₹1,512.89 lacs, with equity share capital of ₹7,485.39 lacs and accumulated other equity deficit of ₹(5,972.50) lacs. Non-current borrowings remained unchanged at ₹773.74 lacs. Cash and cash equivalents improved marginally to ₹5.62 lacs from ₹5.04 lacs.

Corporate governance and board

As on March 31, 2026, the Board comprised four directors: Mr. Nareshkumar Ramawatar Swami (Whole-time Director), Mr. Dinesh Shankarlal Sharma (Non-Executive Non-Independent Director and Chairperson), Mrs. Neelam Yashpal Arora (Independent Director), and Mr. Nainesh Sumantrai Desai (Independent Director). Six board meetings were held during FY26 on April 28, 2025; May 28, 2025; July 3, 2025; August 8, 2025; November 14, 2025; and February 13, 2026. All four directors attended all six meetings.

Mr. Nareshkumar Ramawatar Swami was appointed as an Additional Director in the capacity of Whole-time Director during the year to fill the casual vacancy arising from the demise of the previous Whole-time Director. He is proposed for re-appointment by rotation at the 37th AGM.

Related party transactions

The company disclosed the following material arm's-length related party transactions during FY26:

AGM and shareholder information

The 37th Annual General Meeting is scheduled for Monday, September 28, 2026 at 11:00 am through Video Conferencing/Other Audio-Visual Means. The share transfer books and register of members will remain closed from September 22, 2026 to September 28, 2026 (both days inclusive). The cut-off date for e-voting eligibility is September 21, 2026. Remote e-voting opens September 25, 2026 at 9:00 am and closes September 27, 2026 at 5:00 pm.

As at March 31, 2026, 92.71% of shares were held in demat form with NSDL (6,56,89,894 shares), 5.16% with CDSL (36,57,791 shares), and 2.13% in physical form (15,06,215 shares), totalling 7,08,53,900 equity shares. The paid-up equity share capital was Rs. 74,85,39,000 consisting of 74,85,39,00 equity shares of Rs. 10 each.

Auditor observations

Statutory auditors M/s. A. Sachdev & Company, Chartered Accountants (FRN: 001307C), issued an unmodified opinion on the financial statements for the year ended March 31, 2026. Secretarial auditor Pankaj S. Desai noted that certain information required under Regulation 44 of SEBI (LODR) Regulations, 2015 was not updated on the company's website on a timely basis, and that promoter shareholding was not fully in dematerialised form as required under Regulation 31(2). The company stated it is strengthening internal mechanisms to address these observations. No instances of fraud were reported by any auditor during the year.

Shreyas Intermediates Limited has detailed the schedule for its 37th Annual General Meeting (AGM), specifying the e-voting window and key procedural milestones. The company will close its Register of Members and Share Transfer Books from September 22, 2026 to September 28, 2026, to ascertain the list of shareholders eligible for the meeting.

The AGM is scheduled to take place on Monday, September 28, 2026 at 11:00 am. The meeting will be held at the company's registered office in Ratnagiri, Maharashtra, which serves as the deemed venue. The Board of Directors authorized the process and appointed the scrutinizer on August 14, 2026.

Voting Eligibility and Timeline

Shreyas Intermediates has fixed Monday, September 21, 2026 as the cut-off date for remote e-voting. Shareholders holding shares either in physical form or in dematerialized form on this date will be entitled to cast their votes electronically.

The e-voting facility will be available from 9:00 am on September 25, 2026 until 5:00 pm on September 27, 2026. The scrutinizer is required to submit the report by September 30, 2026, with the results declared by the Chairman on or before that date.

The intimation was issued pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (LODR) Regulations, 2015. Nareshkumar Ramawatar Swami, a director of the company, signed the communication issued from Mumbai on August 14, 2026.