Sinnar Bidi Udyog Limited concluded its 52nd Annual General Meeting (AGM) on September 23, 2026, with shareholders approving the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted through video conferencing, also ratified the appointment of Sachin Jagdish Laddha as an independent director.

The company reported that 17 shareholders attended the virtual meeting, including four directors who are also members. The proceedings were chaired by Bharati Sancheti, who welcomed attendees and outlined the voting procedures. The meeting complied with Ministry of Corporate Affairs and SEBI circulars regarding virtual AGMs.

Key resolutions passed

Shareholders voted on three primary agenda items during the session. The first involved the adoption of standalone and consolidated financial statements along with the Board and Auditor reports. The second resolution addressed the re-appointment of a retiring director, while the third focused on regularizing the status of an additional director.

Sachin Jagdish Laddha profile and appointment details

Sachin Jagdish Laddha was regularized from his role as Additional Director to Independent, Non-Executive Director. His appointment is effective from August 14, 2026, for a term of five consecutive years. He holds DIN 11879047 and is not related to any other directors of the company.

Laddha is a Diploma Mechanical Engineer with over 23 years of corporate experience. He is also an AMFI-registered Mutual Fund Distributor. The company confirmed that he is not debarred from holding the office of director by any SEBI order or authority.

Voting and attendance details

The company facilitated remote e-voting from September 19 to September 22, 2026. Members who did not vote electronically were given the opportunity to cast their votes during the live meeting. Mrs. Sujata Rajebahadur, a practicing company secretary, served as the scrutinizer for the e-voting process.

Out of eight enrolled speakers, six participated in the discussion. The meeting commenced at 11:30 am and concluded at 12:06 pm. Ashwini Atish Raut, Company Secretary and Compliance Officer, proposed the vote of thanks.

Sinnar Bidi Udyog Limited has confirmed September 23, 2026, as the date for its 52nd Annual General Meeting. The company published a formal newspaper advertisement on August 31, 2026, detailing the agenda and e-voting procedures for shareholders.

The meeting will be conducted via Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. Shareholders on record as of the cut-off date, September 17, 2026, are eligible to vote. Remote e-voting commences on September 19, 2026, at 9:00 am and concludes on September 22, 2026, at 5:00 pm.

Corporate Governance and Compliance

Ashwini Atish Raut, Company Secretary and Compliance Officer, signed the disclosure confirming the equity share cut-off date and the publication of the AGM notice in The Free Press Journal and Navshakti. The company previously corrected a technical error in its initial notice to clarify the start date for remote e-voting.

Mrs. Sujata Rajebahadur, Practicing Company Secretary, has been appointed as the scrutinator to oversee the e-voting process. National Securities Depository Limited serves as the authorized agency for providing the e-voting facility.

Book Closure and Voting Timeline

The register of members and share transfer books will remain closed from September 17, 2026, to September 23, 2026. Members holding shares in physical form are reminded that the company subdivided its shares effective July 31, 2019, and unclaimed certificates should be retrieved from the Registrar & Transfer Agent.

Financial Context

This corporate action follows the company’s recent disclosure of a net loss of ₹13.38 lakh for FY26, which widened from the ₹12.42 lakh loss recorded in the prior year. While revenue from operations grew by approximately 5% to ₹497.54 lakh, profitability was eroded by rising raw material costs and significant foreign exchange losses linked to a legacy regulatory liability.

Financial Performance

The company’s total income stood at ₹506.57 lakh for FY26, compared to ₹480.50 lakh in FY25. This increase was driven by higher sales of processed tobacco and processing charges. However, total expenditure rose more sharply to ₹520.29 lakh from ₹494.54 lakh, primarily due to increased cost of materials consumed and exchange rate differences.

Key Drivers of Loss

The Board attributed the operational losses to stringent regulations governing the tobacco industry and rising tobacco costs. A material non-operating factor was the foreign exchange loss on the restatement of an escrow fund demand liability.

The company recorded an exchange loss of ₹30.64 lakh in FY26, a significant increase from ₹7.46 lakh in the previous year. This liability stems from past bidi exports to the USA, where the company is required to maintain an escrow deposit under US law. The provision for this escrow fund liability on the balance sheet increased to ₹319.70 lakh from ₹289.05 lakh.

Balance Sheet and Working Capital

As of March 31, 2026, total assets were valued at ₹1,019.62 lakh, up from ₹879.70 lakh. Current assets saw a substantial rise to ₹915.52 lakh, largely driven by a surge in trade receivables, which jumped to ₹242.83 lakh from ₹17.98 lakh in the prior year. Inventories also increased slightly to ₹482.50 lakh.

Total equity declined to ₹425.52 lakh from ₹438.65 lakh, reflecting the accumulated losses. The company holds no borrowings, with cash and cash equivalents standing at ₹6.94 lakh and other bank balances at ₹174.92 lakh.

Corporate Governance and AGM Details

The agenda for the 52nd AGM includes the re-appointment of Mr. Laxminarayan Karwa and the regularization of Mr. Sachin Jagdish Laddha as an Independent Director.

The company disclosed a SEBI fine of ₹38,940 for delaying the appointment of a Company Secretary beyond the three-month regulatory deadline. Ashwini Atish Raut was appointed to fill the vacancy on June 16, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE896E01023/21431c20-0142-424e-a7d5-4b30df13aa0c.pdf