Silver Oak (India) Limited has scheduled its 42nd Annual General Meeting for September 29, 2026. The meeting will address ordinary business items including the adoption of financial statements and special business regarding board appointments.

The AGM is set to commence at 1:00 pm at the company’s registered office in Pithampur, Madhya Pradesh. The notice was submitted to BSE Limited on September 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published a newspaper advertisement on September 5, 2026, in Free Press (English) and Choutha Sansar (Hindi), pursuant to Regulation 47 of the SEBI LODR Regulations.

Board Composition Changes

Shareholders will vote on two key director-related resolutions during the special business segment. The Board seeks approval for the re-appointment of Mr. Vivek Chibba, who retires by rotation. Additionally, shareholders will decide on the appointment of Mr. Ajay Jalota as a Non-Executive Independent Director.

Mr. Chibba, who possesses experience in administration and marketing, has served as a director since August 14, 2020. He attended all seven board meetings held during the year ended March 31, 2026. The Board recommended his re-appointment based on performance evaluation.

Mr. Jalota was appointed as an Additional Director with effect from September 3, 2026. His appointment as an Independent Director is subject to shareholder approval via a Special Resolution. If approved, he will hold office for five consecutive years, from September 29, 2026, to September 28, 2031.

Cessation of Independent Director

Mr. Suresh Kejriwal will cease to be an Independent Director of the company with effect from the end of business hours on September 27, 2026. This follows the completion of his second consecutive five-year term. The company clarified this date in a revised disclosure submitted on September 4, 2026, correcting an earlier typographical error that had cited September 28, 2026, as the cessation date.

Financial Statements Adoption

The ordinary business agenda includes the adoption of the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026. Members will also consider the reports of the Directors and Auditors thereon. The Annual Report for the financial year 2025-26 has been sent electronically to members who have registered their email addresses.

Voting and Record Date

The record date for determining eligibility to vote is Tuesday, September 22, 2026. The register of members and share transfer books will remain closed from September 22, 2026, to September 29, 2026. Remote e-voting will be available through the CDSL e-voting system. The voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. M/s. NPG & Co., Practicing Company Secretaries, have been appointed as Scrutinizers for the voting process.

Silver Oak (India) Limited reported a narrowed consolidated loss of ₹15.30 lakhs for the first quarter ended June 30, 2026, compared to a loss of ₹30.29 lakhs in Q1FY26. This 49.5% reduction in losses signals a stabilization in the company’s financial position, driven primarily by a significant decline in operating expenses and a reversal in the performance of its associate entities. The standalone entity also showed improvement, posting a loss of ₹32.39 lakhs against ₹43.38 lakhs in the corresponding period last year.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 11, 2026, at its administrative office in Indore. The results were reviewed by the Audit Committee and subsequently taken on record. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Statutory auditors Mahendra Badjatya & Co. conducted a limited review of the interim financial information in accordance with Standard on Review Engagements (SRE) 2410.

Financial Performance Highlights

The company generated no revenue from operations in either the standalone or consolidated statements for Q1FY27. Total income was derived entirely from other income sources. In the standalone books, other income stood at ₹0.42 lakhs, while consolidated other income was significantly higher at ₹22.61 lakhs. This disparity suggests that the subsidiary, Apt Infrastructure Private Limited, is the primary source of cash inflows and operational activity within the group.

Expenses declined across both segments. Standalone total expenses fell to ₹32.81 lakhs from ₹43.53 lakhs in Q1FY26, primarily due to a sharp drop in other expenses, which reduced from ₹17.96 lakhs to ₹6.05 lakhs. Similarly, consolidated total expenses decreased to ₹37.72 lakhs from ₹51.82 lakhs. Finance costs remained relatively stable, standing at ₹21.52 lakhs (standalone) and ₹21.69 lakhs (consolidated), indicating persistent interest obligations despite the lack of operational revenue.

What the Numbers Show

A key analytical observation is the divergence between the standalone and consolidated performance. While the standalone entity incurred a loss of ₹32.39 lakhs, the consolidated loss was only ₹15.30 lakhs. This variance is largely attributable to the "Share in profit of associates," which swung from a loss of ₹49.84 lakhs in Q4FY26 to a profit contribution of ₹4.20 lakhs in Q1FY27. Additionally, the subsidiary Apt Infrastructure Private Limited reported a net profit after tax of ₹17.11 lakhs for the quarter, as per the auditor’s review report. This highlights that the group’s financial health is currently sustained by its subsidiary and associate investments rather than core operations at the parent company level, which continues to generate no revenue.