Sirca Paints India Limited has filed its Annual Report for FY 2025-26 and announced its Twenty-First Annual General Meeting (AGM), scheduled for Tuesday, August 11, 2026, at 12:30 P.M. IST via Video Conferencing. The company delivered its strongest financial performance to date, with revenue growing 31.79% and Profit After Tax rising 32.48%, driven by the successful integration of the Wembley and Welcome brands and deeper pan-India distribution expansion. The Board has recommended a final dividend of ₹2 per equity share (20% of face value) for FY 2025-26, subject to shareholder approval at the AGM.

AGM and E-Voting Details

The meeting will be conducted through Video Conferencing / Other Audio-Visual Means. The key dates for the AGM and e-voting are as follows:

The agenda includes the adoption of audited standalone and consolidated financial statements for FY 2025-26, the declaration of the final dividend, the re-appointment of Mr. Apoorv Agarwal as Director liable to retire by rotation, and the ratification of the remuneration of Cost Auditors M/s PAN & Associates at up to ₹85,000 per annum plus taxes for FY 2026-27.

FY26 Financial Performance

Sirca Paints delivered its strongest performance to date in FY 2025-26. Chairman & Managing Director Sanjay Agarwal noted that while major industry players grew revenues in the low to mid single digits (3–6%) in FY26, Sirca grew revenues by 31.79% to ₹492.48 crore, EBITDA by 46.62% to ₹98.88 crore, and Profit After Tax by 32.48% to ₹65.05 crore. The following table presents the standalone financial results:

Standalone Financial Results (₹ in Lakhs)

Consolidated Financial Results (₹ in Lakhs)

Strategic Highlights

FY26 marked a strategic transformation with the successful integration of the Wembley and Welcome brands, strengthening the company's position across the coatings value chain from ultra-luxury Italian finishes to mass-market brands. The consolidation of three Wembley manufacturing units into a single, state-of-the-art facility enhanced production capabilities and supply-chain efficiencies. The company also entered into a revised long-term technology transfer agreement with Sirca S.p.A., Italy, extending collaboration until 2041 for the manufacture of high-quality acrylic, UV, and polyester-based wood coating products in India. The Wembley Valentino brand — a luxury PU wood finishes range — was successfully launched during the year.

The distribution network expanded significantly, with the Sirca Parivaar Pro loyalty platform now counting 25,000+ contractors registered with over 20,000 average daily product scans. The company serves 4,000+ dealers and 900+ OEM clients including Godrej, Space Wood, MAS Furniture, and Jindal Stainless. Foreign exchange inflows stood at ₹80.03 Lakhs and outflows at ₹4,184.74 Lakhs during the reporting period.

Capital and Dividend

During FY26, shareholders approved an increase in paid-up share capital through the issuance of 19,84,000 fully paid-up equity shares on a preferential basis at ₹379.50 per share, inclusive of a premium of ₹369.50 per share, to non-promoter investors. Consequently, the issued, subscribed and paid-up equity share capital increased from ₹54,80,88,000 comprising 5,48,08,800 equity shares to ₹56,79,28,000 comprising 5,67,92,800 equity shares of ₹10 each. The Board recommended a final dividend of ₹2 per equity share (20% of face value) for FY 2025-26, compared to ₹1.50 per share in the previous year. The record date for the dividend is Friday, July 31, 2026.

Outlook and CSR

Sirca Paints is targeting revenue growth of 25–30% CAGR while sustaining EBITDA margins of 19–21%, with a long-term vision of achieving ₹1,000 crore in revenue by FY29. The company plans a capex of ₹5–6 crore in FY27 towards acrylic manufacturing capacity expansion and continued localization of acrylic and UV coatings. On the CSR front, the company spent ₹1,30,50,000 during FY 2025-26 against a total CSR obligation of ₹1,30,33,518, resulting in an excess spend of ₹16,482. As on March 31, 2026, the company had a total permanent employee strength of 812.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE792Z01011/38e5213c-cec8-488c-ad0e-27f05917e6d1.pdf

Sirca Paints India Limited has scheduled its Twenty-first Annual General Meeting (AGM) for Tuesday, August 11, 2026, at 12:30 P.M. The meeting will be conducted via video conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). This format allows shareholders to participate without being physically present at a common venue.

The company has dispatched the Notice of AGM and the Annual Report for the financial year ended March 31, 2026, to members whose email IDs are registered with the Registrar and Share Transfer Agent. These documents are also available on the company's website, the websites of the National Stock Exchange of India and BSE Limited, and the portal of KFin Technologies Limited.

Shareholders holding shares in physical or dematerialized form as of the cut-off date, Tuesday, August 4, 2026, are eligible to vote. The remote e-voting facility will be available from Thursday, August 6, 2026, at 09:00 A.M. IST until Monday, August 10, 2026, at 05:00 P.M. IST. Members who cast their votes remotely may attend the meeting but will not be entitled to vote again during the AGM.

Key Meeting Details

The Board of Directors has appointed Mr. Praveesh Kumar of M/s. Praveesh Kumar & Associates as the Scrutinizer to ensure the voting process is conducted fairly and transparently. For queries regarding electronic voting, members can refer to the FAQs and user manual on the KFin Technologies website or contact their toll-free number.