Sita enterprises Limited has successfully conducted its mandatory separate meeting of Independent Directors on March 30, 2026, fulfilling regulatory requirements under corporate governance norms. The meeting was held at the company's registered office in compliance with Section 149(7) read with Schedule IV of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Duration

The Independent Directors convened for a focused one-hour session, commencing at 4.30 pm IST and concluding at 5.30 pm IST. This structured approach demonstrates the company's commitment to efficient governance practices while ensuring comprehensive coverage of essential evaluation areas.

Key Agenda Items Reviewed

The Independent Directors conducted a thorough evaluation across three critical governance areas during their separate meeting:

Comprehensive Performance Evaluation

The meeting addressed the performance review of Non-Independent Directors and the Board as a whole, ensuring objective assessment of governance effectiveness. The Independent Directors also evaluated the Chairperson's performance, incorporating perspectives from both Executive and Non-Executive Directors to provide a balanced assessment.

Information Flow Assessment

A significant focus was placed on assessing the quality, quantity, and timeliness of information flow between the company's management and the Board. This evaluation ensures that the Board receives necessary information to effectively perform its duties and make informed decisions in the best interests of stakeholders.

Regulatory Compliance

The separate meeting of Independent Directors represents a mandatory governance requirement designed to strengthen board independence and effectiveness. Company Secretary and Compliance Officer Monika Jain formally communicated the meeting outcome to BSE Limited, maintaining transparency with stock exchange authorities and ensuring proper regulatory disclosure.

Sita Enterprises Limited has announced its unaudited standalone financial results for the quarter ended 31st December, 2025, demonstrating a significant improvement in financial performance. The investment and financing company reported a net profit of ₹47.31 lakhs for Q3FY26, marking a strong turnaround from the loss of ₹81.13 lakhs recorded in the corresponding quarter of the previous fiscal year.

Quarterly Financial Performance

The company's financial results for Q3FY26 show substantial improvement across key metrics. Total income reached ₹68.07 lakhs compared to a negative ₹77.34 lakhs in Q3FY25, representing a remarkable recovery in revenue generation.

Revenue Composition and Income Sources

The company's revenue streams showed mixed performance during the quarter. Interest income increased to ₹10.29 lakhs from ₹9.59 lakhs in Q3FY25, while dividend income rose significantly to ₹7.89 lakhs from ₹2.23 lakhs in the previous year's corresponding quarter. The most substantial contributor was net gain on fair value changes, which generated ₹49.89 lakhs compared to a loss of ₹89.16 lakhs in Q3FY25.

Nine-Month Period Performance

For the nine-month period ended 31st December, 2025, Sita Enterprises demonstrated exceptional growth with net profit reaching ₹463.18 lakhs compared to ₹50.80 lakhs in the corresponding period of the previous year. Total income for the nine-month period stood at ₹544.96 lakhs against ₹88.41 lakhs in the previous year.

Expense Management and Profitability

The company maintained effective cost control during the quarter, with total expenses declining to ₹4.59 lakhs from ₹5.54 lakhs in Q3FY25. Employee benefits expenses decreased to ₹2.01 lakhs from ₹3.00 lakhs, while other miscellaneous expenses remained relatively stable at ₹2.04 lakhs. This disciplined approach to expense management contributed significantly to the improved bottom line performance.

Earnings Per Share and Capital Structure

Earnings per share for Q3FY26 stood at ₹1.58 compared to negative ₹2.70 in Q3FY25. For the nine-month period, EPS reached ₹15.44 against ₹1.70 in the previous year. The company maintained its paid-up equity share capital at ₹300.00 lakhs with a face value of ₹10 per share throughout the reporting periods.

Corporate Developments

The company disclosed that there was a change in shareholdings, control and management in September 2025. Details of these changes have been communicated to the stock exchange and are available on the company's website. As a Non-Systemically Important Non-Deposit taking Non-Banking Finance Company registered with the Reserve Bank of India, Sita Enterprises continues to focus primarily on investment and financing activities.