Sita Enterprises concluded its 43rd annual general meeting on September 11, 2026, with shareholders approving a key special resolution to increase the company’s authorized share capital.

The meeting, held via video conferencing, also saw the reappointment of Executive Directors Kirit Gordhandas Thakker and Harsh Jitendra Gandhi, who retire by rotation. All ordinary and special business items were transacted with the requisite majority.

Meeting Proceedings

The AGM commenced at 11:30 am and concluded at 12:06 pm. Twenty-one members participated through the virtual platform. Harsh Jitendra Gandhi, Executive Director and CFO, chaired the session.

The Board presented the audited financial statements for FY26 for adoption. The statutory auditors issued an unqualified report, noting no adverse remarks or qualifications. The secretarial audit report was similarly clean.

Key Resolutions

Shareholders voted on the following agenda items:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Reappointment of Kirit Gordhandas Thakker as a director.
• Reappointment of Harsh Jitendra Gandhi as a director.
• Approval of increased authorized share capital and consequent alteration of the Memorandum of Association.

Remote e-voting facilities were available prior to and during the meeting. The scrutinizer’s report will be filed with stock exchanges as per regulatory timelines.

Sita Enterprises Limited has scheduled its 43rd Annual General Meeting (AGM) for Friday, September 11, 2026, at 11:30 am through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting aims to transact ordinary and special business items, including the re-appointment of retiring directors and a significant increase in the company's authorised share capital.

The Board of Directors approved the unaudited standalone financial results for Q1FY27 during a meeting held on August 12, 2026. Additionally, the company released its audited financial statements for the fiscal year ended March 31, 2026 (FY26), which were reviewed by statutory auditors Patel Shah & Joshi, Chartered Accountants, who issued an unmodified opinion.

Financial Performance

For the quarter ended June 30, 2026 (Q1FY27), Sita Enterprises reported a standalone net profit of ₹10.79 lakh, marking a return to profitability after recording a net loss of ₹11.04 lakh in the previous quarter (Q4FY26). Total income rose to ₹26.57 lakh from ₹7.46 lakh in Q4FY26, driven by dividend income and gains on fair value changes.

Expenses for Q1FY27 totaled ₹13.03 lakh, up from ₹6.93 lakh in the prior quarter. Employee benefit expenses accounted for ₹2.58 lakh, while listing fees remained stable at ₹3.84 lakh. Legal and professional charges added ₹2.45 lakh, and finance costs were recorded at ₹1.73 lakh.

FY26 Annual Results

The company’s full-year performance for FY26 showed substantial growth. Gross income increased to ₹552.42 lakh from ₹150.43 lakh in FY25. Profit after tax rose to ₹452.14 lakh from ₹112.41 lakh in the previous year. This improvement was principally attributable to a net gain on fair value changes of investments and investment property amounting to ₹474.01 lakh.

Total expenses for FY26 stood at ₹27.04 lakh, compared to ₹26.31 lakh in FY25. The basic earnings per share (EPS) for FY26 was ₹15.07, compared to ₹3.75 in FY25.

What the Numbers Show

The divergence between total income and operating expenses highlights the investment-driven nature of Sita Enterprises’ profitability. With no revenue from operations disclosed in the quarterly results, the entire income stream relies on dividend receipts, interest income, and fair value adjustments. The current quarter’s profit before tax of ₹13.54 lakh was insulated by low operational costs, despite a rise in legal and finance charges. For the full year FY26, the net gain on fair value changes constituted the vast majority of the gross operating profit, indicating that market movements significantly influenced the bottom line.

Corporate Actions and AGM Details

The 43rd AGM will transact the following business items:

Ordinary Business:

• Receive, consider, and adopt the Audited Financial Statements for FY26, along with the Reports of the Board of Directors and Auditors.
• Re-appoint Mr. Kirit Gordhandas Thakker (DIN: 10910537), who retires by rotation. He is a retired banker with expertise in credit appraisal and risk management.
• Re-appoint Mr. Harsh Jitendra Gandhi (DIN: 10910559), Executive Director & CFO, who retires by rotation. He is a Chartered Accountant with expertise in taxation and corporate affairs.

Special Business:

• Increase in Authorised Share Capital: The Board seeks approval to increase the Authorised Share Capital from ₹3 crore (divided into 30,00,000 equity shares of ₹10 each) to ₹20 crore (divided into 2,00,00,000 equity shares of ₹10 each). The additional shares will rank pari passu with existing equity shares. This move is intended to facilitate future fund-raising requirements and support growth plans.

The book closure period is fixed from September 5, 2026, to September 11, 2026. The record date for determining eligibility to attend and vote at the AGM is set for September 4, 2026. Members can participate in remote e-voting from September 7, 2026, at 9:00 am to September 10, 2026, at 5:00 pm via the NSDL e-voting system.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE579D01019/cf81fe6c-0bb4-4e1a-9b3b-4048c894c6c1.pdf