Solid Stone Company has submitted its annual report for FY26 and issued the notice for its 35th Annual General Meeting (AGM). The meeting is scheduled for September 22, 2026, at 9:30 am via video conferencing or other audio-visual means.

The company filed the documents with the BSE Limited pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing corrects the earlier announcement which had cited the event as the 36th AGM.

Meeting Logistics

In compliance with Ministry of Corporate Affairs circulars, the company is dispensing with physical attendance. No proxies will be accepted. The Annual Report and AGM notice are being sent electronically to eligible shareholders with registered email addresses. The documents are also available on the company website.

Shareholders on record as of September 18, 2026, are eligible to participate and vote. The register of members and share transfer books will remain closed from September 17, 2026, to September 21, 2026, although the official book closure period extends from September 15 to September 21.

Voting Procedures

Remote e-voting is available for individual shareholders holding securities in demat mode through NSDL and CDSL platforms. Physical shareholders and non-individual entities must use the InstaVote facility provided by Link Intime India Private Ltd.

Voting during the meeting is permitted only for those who have not already cast their votes remotely. Once a vote is confirmed, it cannot be modified. Shareholders can join the meeting 15 minutes prior to commencement.

Solid Stone Company Limited reported a contraction in both revenue and profitability for the first quarter of FY27, with standalone net profit falling 19% year-on-year to ₹4.12 lakh. The Mumbai-based natural stone and building materials company saw revenue from operations drop 11% to ₹502.92 lakh, down from ₹567.44 lakh in the corresponding period last year.

The Board of Directors, chaired by Milan B. Khakhar, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, during a meeting held on August 13, 2026. Statutory auditors Ashar & Co LLP issued an unmodified limited review report on the filings.

Financial Performance

Standalone total revenue stood at ₹504.44 lakh, comprising ₹502.92 lakh from operations and ₹1.52 lakh from other income. This compares to total revenue of ₹568.78 lakh in Q1FY26. Consolidated figures mirrored the standalone performance, with total revenue at ₹504.44 lakh and net profit at ₹4.08 lakh.

Consolidated profit before tax was ₹6.16 lakh, slightly lower than the standalone PBT of ₹6.20 lakh due to a share of loss of ₹0.04 lakh from its associate, Global Instile Solid Industries Limited. In the prior year quarter, the associate had contributed a loss of ₹0.70 lakh.

What the Numbers Show

Despite an 11% decline in revenue, total expenses fell by a similar margin to ₹498.24 lakh, allowing pre-tax profits to remain relatively stable. However, the effective tax rate increased significantly, impacting the bottom line. Tax expense rose to ₹2.08 lakh from ₹0.84 lakh in Q1FY26, driven largely by deferred tax provisions. The company recorded a deferred tax credit of ₹0.34 lakh against a current tax charge of ₹2.43 lakh.

Operating costs showed mixed trends. Purchase of stock-in-trade decreased to ₹419.28 lakh from ₹391.20 lakh in the prior year quarter, but this was offset by a significant reduction in inventory changes, which provided a benefit of ₹137.50 lakh compared to ₹55.49 lakh in Q1FY26. Employee benefits expenses declined to ₹63.98 lakh from ₹74.52 lakh, while finance costs remained flat at ₹43.61 lakh.

The company’s paid-up equity capital remains unchanged at ₹538.00 lakh. No dividend was declared for the quarter.