SIP Industries Limited has scheduled its 36th Annual General Meeting for Wednesday, September 30, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

The company’s Board of Directors approved the appointment of Mrs. Bhageerathi as a Non-Executive Director for five years, subject to shareholder approval. The board also re-appointed Mr. Nangavaram Mahadevan Ranganathan as a director liable to retire by rotation.

Key Appointments and Approvals

The board approved several key administrative and compliance matters during the session held on September 8, 2026:

• Internal Auditor: Mr. Sivasankaran Packiampillai was appointed as Internal Auditor for FY27. He brings 38 years of experience from Bank of Baroda, where he retired as Senior Manager.
• Scrutinizer: M/s KRA & Associates was appointed as the Scrutinizer for the ensuing AGM.
• Director’s Report: The Director’s Report for the financial year ended March 31, 2026, was approved.

Mrs. Bhageerathi, an educationist with a Master of Arts and Bachelor of Education degree, retired as Headmistress of a government-aided secondary school in Kadayanalur in 2022. She is not related to any existing directors except Mr. Natesan Kameshwaron.

AGM Schedule and Voting Details

Shareholders holding shares as of the cut-off date will be eligible to vote. The remote e-voting period is scheduled between September 27 and September 29, 2026.

The book closure for the AGM will remain closed from Thursday, September 24, 2026, through Wednesday, September 30, 2026, both days inclusive.

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Natesan Kameshwaron, Whole-time Director.

SIP Industries Limited reported a net loss of ₹71.68 lakh for the financial year ended March 31, 2026, widening from a loss of ₹29.10 lakh in the previous year. The company’s net worth has turned negative, standing at a deficit of ₹133.07 lakh, which has raised a material uncertainty regarding its ability to continue as a going concern. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

The total expenses for the year increased to ₹71.68 lakh from ₹29.10 lakh in FY25, driven by employee benefit expenses of ₹17.30 lakh and other expenses of ₹54.38 lakh. The company reported zero income from operations for both the quarter and the year ended March 31, 2026. Consequently, the basic and diluted loss per share for the year stood at ₹1.53, compared to ₹0.62 in the previous year.

Financial Performance

The standalone financial results indicate a challenging financial position with no operational revenue. The company’s accumulated losses amounted to ₹600.70 lakh as of March 31, 2026. The auditor, Murali & Venkat, highlighted the material uncertainty related to the going concern status in their report.

Regulatory and Listing Status

The company’s securities remain under a suspended listing status. Management took over through the Corporate Insolvency Resolution Process (CIRP) pursuant to an NCLT order dated April 25, 2022. A listing application filed with BSE was rejected, and the company is now preparing to file a fresh application. Additionally, applications for the revocation of suspension and in-principle approval are pending review by the BSE.

The board has authorized the directors to sign the audited financial statements and approved the dissemination of results to the stock exchange. The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.