Shri Bajrang Alliance Limited has scheduled its 36th Annual General Meeting (AGM) for September 10, 2026, at 4:00 pm via video conferencing. The meeting aims to transact ordinary business, including the adoption of financial statements for FY26, and special business items concerning related party transactions, cost auditor ratification, and director appointments.

Financial Performance Overview

The company reported a significant divergence between standalone and consolidated profitability metrics for FY26. On a standalone basis, total turnover stood at ₹28,741.66 lakh, a decline from ₹40,382.76 lakh in the previous year. Standalone profit after tax (PAT) rose to ₹1,457.37 lakh from ₹464.45 lakh in FY25.

However, the consolidated picture reflects a stronger bottom line driven by equity accounting. Consolidated revenue was ₹27,570.77 lakh, down from ₹40,121.32 lakh in FY25. Despite lower revenues, consolidated PAT increased to ₹4,426.63 lakh compared to ₹3,259.78 lakh in the prior year. This improvement was largely supported by a share of profit from associates amounting to ₹4,140.15 lakh, up from ₹3,056.76 lakh in FY25.

What the Numbers Show

The consolidated PAT of ₹4,426.63 lakh significantly exceeds the standalone PAT of ₹1,457.37 lakh. This indicates that approximately 93% of the group’s reported profit after tax is derived from the share of profits in associate entities rather than core standalone operations. While standalone EBITDA improved to ₹2,029.68 lakh from ₹959.72 lakh, the heavy reliance on associate performance highlights the strategic importance of these linked entities to the group's overall profitability narrative.

Related Party Transactions

The AGM seeks shareholder approval for material related party transactions under Regulation 23(4) of the SEBI Listing Regulations. The board proposes entering into contracts with two key promoter-group entities:

• Shri Bajrang Power and Ispat Limited: Transactions involving the purchase of steel billets and furnace oil, and the sale of billets, ready-to-eat frozen foods, and structural steel, capped at an aggregate value of ₹500 crore for the year commencing April 1, 2026.
• Shri Bajrang Chemical Distillery LLP: Supply of materials capped at an aggregate value of ₹50 crore for the same period.

Both sets of transactions are proposed on an arm’s length basis in the ordinary course of business. Directors Mr. Anand Goel and Mr. Archit Goel have declared their interest in these resolutions due to their roles in both entities.

Cost Auditor Ratification

Shareholders will also vote to ratify the remuneration of M/s. Sanat Joshi & Associates, Cost Accountants (FRN No.: 000506), as the Cost Auditors for the financial year 2026-27. The approved fees are ₹50,000 plus out-of-pocket expenses and taxes as applicable. None of the directors or key managerial personnel are interested in this resolution.

Board Appointments

The meeting will address board composition changes:

• Reappointment of Independent Director: Mr. Anshul Dave is eligible for reappointment as an Independent Director for a second term of five years, commencing August 13, 2026, and ending August 12, 2031. He currently serves as Chairman of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
• Rotation Retirement: Mr. John Cherian, Non-Executive Non-Independent Director, retires by rotation and offers himself for reappointment.

The company did not recommend any dividend for FY26 to conserve resources. The register of members will remain closed from September 4, 2026, to September 10, 2026. Remote e-voting will commence on September 7, 2026, at 9:00 am and end on September 9, 2026, at 5:00 pm.

Shri Bajrang Alliance Limited reported improved profitability in its first quarter of FY27, with standalone net profit rising 33% year-on-year to ₹3.31 crore. The Raipur-based company saw total income from operations expand by 17.5% to ₹1,068.4 lakh for the quarter ended June 30, 2026, compared to ₹909.1 lakh in the same period last year.

The Board of Directors approved the unaudited financial results on August 11, 2026. The company filed the results with the Bombay Stock Exchange and published them in Mint and Chhattisgarh newspapers, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Standalone earnings per share (EPS) stood at ₹3.68, up from ₹2.77 in Q1FY26. On a consolidated basis, net profit after tax increased 47.6% to ₹1.69 crore, supported by higher income from associates. Consolidated EPS was reported at ₹10.72.

What the Numbers Show

A key divergence exists between the standalone and consolidated results. While standalone net profit grew steadily, consolidated net profit saw a sharper 47.6% jump. This acceleration is driven by the share of profit from associates, which contributed ₹7.96 crore to the consolidated bottom line, compared to ₹7.43 crore in the prior year quarter. This indicates that the group’s overall profitability is heavily influenced by its equity investments rather than just its core operational units.

The company’s total comprehensive income on a standalone basis was ₹4.26 crore, reflecting other comprehensive income items alongside the net profit. Paid-up equity share capital remained unchanged at ₹9 crore.