SK International Export approved its annual report for the financial year ended March 31, 2026, during a board meeting held on August 29, 2026. The company also finalized the notice for its 19th Annual General Meeting (AGM), scheduled for September 24, 2026.

The board meeting, which commenced at 4:00 pm and concluded at 4:20 pm, addressed key statutory and governance matters. Directors approved the Board’s Report and the Management Discussion and Analysis Report for FY26. These documents, along with standalone audited financial statements, will be dispatched electronically to members with registered email addresses.

Key Corporate Actions

The board outlined specific timelines and appointments related to the upcoming shareholder meeting:

• Book Closure: The Register of Members and Share Transfer Books will remain closed from September 17, 2026, to September 23, 2026, inclusive. This aligns with Section 91 of the Companies Act, 2013, and SEBI LODR regulations.
• AGM Schedule: The 19th AGM will convene on September 24, 2026, at 11:00 am. The notice for this meeting was formally approved by the board.
• Scrutinizer Appointment: KNK & Co LLP, a firm of Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure fair and transparent voting procedures at the AGM.

Governance Appointments

In addition to the AGM preparations, the board appointed KNK & Co LLP as the Secretarial Auditors for the financial year 2027. This appointment follows a recommendation from the Audit Committee. The firm, registered with the Institute of Company Secretaries of India (ICSI), specializes in corporate law, securities laws, and regulatory compliance.

The board confirmed that there are no relationships between the directors and the appointed Secretarial Auditors. Details of this appointment were disclosed pursuant to Regulation 30 of SEBI LODR and the relevant Master Circular updated on January 30, 2026.

Document Availability

The Annual Report and AGM Notice will be uploaded to the websites of BSE Limited and the company upon dispatch. KFin Technologies Limited serves as the Registrar and Transfer Agent for the company.

SK International Export Ltd reported a net loss of ₹29.67 lakh for the financial year ended March 31, 2026, as total income declined to ₹226.90 lakh from ₹528.02 lakh in the previous year. The company's statutory auditors, SDA & Associates, issued a qualified opinion on the financial results, highlighting material uncertainty regarding the entity's ability to continue as a going concern due to the absence of substantial operational business activities and a dependency on gains from speculative trading in equity, F&O, and commodity markets.

The auditor's report identified multiple significant issues, including the inability to verify balances for trade payables, trade receivables, and short-term loans due to a lack of confirmations. The auditors noted that fixed asset records were incomplete and that certain assets were not physically available, leading to a write-off of ₹13.14 lakh. Additionally, the company wrote off non-saleable raw material and inventory amounting to ₹95.31 lakh. The auditors also pointed out that loans and advances aggregating to ₹160.75 lakh were granted without adequate supporting documentation, raising doubts about their genuineness and recoverability.

Financial Performance

The company's financial results for FY26 show a sharp deterioration compared to the prior year. Revenue from operations dropped to ₹14.93 lakh from ₹281.39 lakh in FY25. Other income, which includes gains from investments and trading activities, stood at ₹211.97 lakh, down from ₹246.63 lakh in the previous year. Total expenditure for the year was ₹244.10 lakh. Consequently, the company reported a basic and diluted loss per share of ₹0.40 for FY26, compared to an earnings per share of ₹2.95 in FY25.

Audit Qualifications and Accounting Issues

Beyond the going concern doubts, the auditors flagged several accounting irregularities. Interest income was recognized only on a receipt basis rather than an accrual basis, which is not in compliance with the Companies Act, 2013. The auditors also expressed an inability to determine the extent of inadmissible or personal expenses charged to the statement of profit and loss under heads such as business promotion, travelling, and fuel. Furthermore, the valuation of finished goods inventory could not be verified due to the absence of regular sales and reliable net realizable value evidence.

Balance Sheet Position

As of March 31, 2026, the company's total assets stood at ₹671.96 lakh, a decrease from ₹713.89 lakh in the previous year. Shareholders' funds were recorded at ₹665.55 lakh, comprising share capital of ₹733.20 lakh and a negative reserve and surplus of ₹67.65 lakh. The balance sheet reflects a significant reduction in tangible fixed assets to ₹31.52 lakh from ₹114.19 lakh, following the write-offs. Cash and cash equivalents increased to ₹361.01 lakh, while short-term loans and advances rose to ₹226.82 lakh.