Shricon Industries shareholders approved the appointment of M/s. Birla and Associates as statutory auditors for a five-year term during its 40th Annual General Meeting (AGM) held on August 4, 2026. The resolution, which secures the firm’s tenure until the conclusion of the 45th AGM in 2031, passed with a consolidated vote support of 99.97%. This long-term appointment provides continuity in financial oversight and aligns with regulatory requirements for auditor tenure limits.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 7 of Para A of Part A of Schedule III. The Board of Directors, based on the recommendation of the Audit Committee, placed the resolution before shareholders. Scrutinizer Amit Gupta, Advocate, submitted his consolidated report on August 5, 2026, confirming that all resolutions, including the auditor appointment, passed with the requisite majority under Section 108 of the Companies Act, 2013.

Auditor Appointment Details

M/s. Birla and Associates, Chartered Accountants (Firm Registration No. 019911C), led by CA Dipesh Birla, has been appointed to fill the casual vacancy for FY25-26 and serve until 2031. CA Dipesh Birla brings over six years of post-qualification experience in finance, statutory audits, system audits, concurrent audits, internal audits, and taxation. He previously served as Assistant Manager (MIS, Budgeting & Internal Control) at Fortis Group, Mumbai, for two years.

Voting Results Breakdown

Promoter group shareholders held 878,473 shares and cast 846,723 votes in favor across most resolutions, achieving 100% support. Public non-institutional shareholders held 361,518 shares and cast 75,703 votes, with 99.97% in favor. No public institutional shares were voted. A total of 21 shareholders voted via remote e-voting, representing 74.39% of the outstanding shares.

Governance and Compliance

Company Secretary Raghuv Dhul confirmed compliance with Ministry of Corporate Affairs General Circular No. 03/2025 and SEBI Listing Obligations and Disclosure Requirements. The Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee chairpersons were present. The Board’s report and financial statements for FY25 were taken as read. The e-voting period ran from August 1 to August 3, 2026, while venue voting occurred during the AGM chaired by Director Om Prakash Maheshwari.

Shricon Industries Limited returned to profitability in the financial year ended March 31, 2026, recording a net profit of ₹147.84 lakh compared to a loss of ₹14.83 lakh in the previous year. The company’s total revenue surged to ₹403.39 lakh, a significant increase from ₹58.83 lakh in FY25, driven by operational growth. This turnaround marks a recovery for the company, which had reported a loss in the prior fiscal period.

The company’s board has scheduled its 40th Annual General Meeting for August 04, 2026, at 04.00 P.M. IST through video conferencing. Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Annual Report along with the Notice of the AGM has been submitted to the Bombay Stock Exchange. The report details the financial performance and operational metrics for the year.

Financial highlights indicate a robust improvement in earnings before interest, taxes, depreciation, and amortisation (EBITDA), which stood at ₹223.87 lakh for FY26, up from ₹74.53 lakh in the previous year. Expenditure for the year was reported at ₹223.25 lakh, an increase from ₹73.66 lakh in FY25. The tax expense for the current year was ₹32.30 lakh, compared to nil in the previous year.

On the balance sheet front, the company reported zero borrowings as of March 31, 2026, down from ₹0.93 lakh in the previous year. Non-current assets decreased to ₹255.52 lakh from ₹334.45 lakh. Current assets saw a substantial rise to ₹338.63 lakh from ₹85.86 lakh, while current liabilities increased to ₹28.23 lakh from ₹1.34 lakh. Cash and bank balances improved to ₹51.51 lakh from ₹15.58 lakh.

The Annual Report also disclosed related party transactions, including sales and purchases of goods with entities such as Career Point Edutech Limited and Career Point University, Hamirpur. The company has proposed inter-corporate deposits of up to ₹15 crore each with CP Capital Limited and Sankalp Capital Private Limited to meet day-to-day requirements and working capital needs, respectively.

Financial Performance for FY26

Key Balance Sheet Metrics