Shri Venkatesh Refineries reported a net profit of ₹3,820.26 lakh for FY26, up from ₹1,807.87 lakh in the previous year. The company’s net sales more than doubled to ₹1,37,757.38 lakh, reflecting robust operational performance despite global oil price volatility.

Financial Performance

The edible oil refiner saw its total revenue rise to ₹1,37,872.35 lakh in FY26, compared to ₹70,239.04 lakh in FY25. This growth was underpinned by a significant increase in sales of manufactured and traded goods. Profit before tax stood at ₹5,225.34 lakh, nearly doubling from ₹2,445.85 lakh a year earlier.

Finance costs increased to ₹1,926.91 lakh from ₹1,060.47 lakh, reflecting higher borrowing levels to support working capital requirements. Employee benefits expense remained stable at ₹36.04 lakh.

Balance Sheet and Cash Flow

Total assets expanded to ₹58,679.78 lakh from ₹33,382.41 lakh. Inventories rose sharply to ₹37,418.07 lakh, up from ₹23,144.00 lakh, indicating stockpiling ahead of demand cycles. Short-term borrowings increased to ₹21,138.00 lakh from ₹10,811.66 lakh, while long-term borrowings grew to ₹10,201.91 lakh.

Cash generated from operations turned negative at ₹(6,984.68) lakh, compared to positive ₹110.72 lakh in FY25, primarily due to higher inventory buildup and trade receivables. Financing activities generated ₹10,910.04 lakh through fresh borrowings.

What the Numbers Show

The divergence between operating cash flow and reported profit highlights significant working capital absorption. While net profit doubled, the company deployed substantial liquidity into inventory (up ₹14,274.09 lakh) and short-term loans/advances (up ₹3,681.89 lakh). This suggests aggressive stocking strategies or extended credit terms to suppliers, rather than immediate cash conversion from sales growth.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of 10% on face value, equivalent to ₹1 per share, subject to shareholder approval at the Annual General Meeting. The AGM is scheduled for September 29, 2026, via video conferencing.

Shareholders will also vote on shifting the registered office from Jalgaon to Mumbai to improve investor coordination. Additionally, resolutions seek approval for material related-party transactions totaling over ₹19,400 lakh with entities such as Shri Balaji Oil Mills and Shrikrupa Ginners Pvt Ltd.

Shri Venkatesh Refineries has designated September 24, 2026, as the record date for determining shareholders eligible to receive dividends for FY26. This date also serves as the cut-off for voting rights at the upcoming Annual General Meeting (AGM).

The company announced that the register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026, inclusive. This closure is necessary to ascertain the list of members entitled to vote at the AGM and receive any declared dividend.

Voting and Eligibility Details

Shareholders holding equity shares in either physical or dematerialized form as of the cut-off date will be eligible to cast their votes electronically via remote e-voting. The company fixed September 24, 2026, as the specific cut-off date for this purpose.

The intimation was issued pursuant to Section 91 of the Companies Act 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to the Listing Department of BSE Limited on September 18, 2026.

Prasad Kabre, Whole Time Director, signed the communication confirming the dates for regulatory compliance.