Siddheswari Garments Limited reported a net profit of ₹2.31 lakh for the financial year ended March 31, 2026, a significant increase from ₹0.43 lakh in the previous year. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The statutory auditors issued an unmodified opinion on the standalone financial results, which were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Total income for the year rose to ₹35.82 lakh from ₹30.21 lakh in FY25, driven entirely by other income as revenue from operations remained nil. Total expenses increased to ₹32.68 lakh from ₹29.23 lakh in the prior year. The board recommended no dividend for the year in view of low profit.

Financial Performance for FY26

The company's net profit for the quarter ended March 31, 2026, stood at ₹2.99 lakh, compared to ₹2.04 lakh in the corresponding period of the previous year. Other comprehensive income for the year surged to ₹445.28 lakh from ₹376.32 lakh in FY25. The paid-up equity share capital remained constant at ₹330.99 lakh.

Assets and Liabilities

The total assets of the company increased to ₹3,562.67 lakh as of March 31, 2026, from ₹3,121.38 lakh a year ago. Non-current assets, primarily comprising investments, grew to ₹3,461.37 lakh from ₹3,058.34 lakh. Total equity also rose to ₹3,560.86 lakh from ₹3,113.27 lakh in the previous year. Cash and cash equivalents improved to ₹63.31 lakh from ₹41.81 lakh at the end of FY25.

Siddheswari Garments Limited has successfully completed its postal ballot process for appointing new statutory auditors, with shareholders overwhelmingly approving the resolution through remote e-voting. The company announced the results on March 03, 2026, following the conclusion of the voting period on March 02, 2026.

Auditor Appointment Details

The postal ballot sought shareholder approval for the appointment of M/S N Dokania & Associates (FRN: 014403C), Chartered Accountants, as the company's statutory auditors. This appointment addresses the casual vacancy created due to the demise of Mr. Ramesh Kumar Bajaj, proprietor of M/s R K Bajaj & Co. (FRN: 0314140E), who previously served as the company's statutory auditor.

Voting Results and Participation

The remote e-voting process demonstrated strong shareholder participation and support. The voting was conducted exclusively through electronic means, with NSDL serving as the e-voting platform provider.

Category-wise Voting Breakdown

The voting results showed unanimous support across different shareholder categories:

Promoter and Promoter Group:

• Shares held: 1600
• Votes polled: 1600 (100.00% participation)
• Votes in favor: 1600 (100.00%)
• Votes against: 0

Public Non-Institutions:

• Shares held: 3308300
• Votes polled: 1900241 (57.44% participation)
• Votes in favor: 1900211 (99.99%)
• Votes against: 30 (0.01%)

Process Timeline and Compliance

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant SEBI regulations. Key timeline milestones included:

Scrutinizer's Report

Rajarshi Ghosh, Company Secretary in Practice (FCS 12595, CP No. 8921), served as the scrutinizer for the postal ballot process. The scrutinizer's report dated March 02, 2026, confirmed that the voting process was conducted fairly and transparently. The report noted that 48 members voted in favor of the resolution through remote e-voting, casting a total of 1901811 votes, while only 2 members voted against with 30 votes.

The company has made the voting results and scrutinizer's report available on its website at www.siddheswarigarments.co.in , ensuring transparency and compliance with regulatory requirements.