Somi Conveyor Beltings has announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The board of directors approved the results during its meeting held on May 20, 2026. The company, engaged in the manufacturing and sale of industrial conveyor belts, reported a decrease in annual profitability while revenue remained relatively stable.

Financial Performance for FY26

For the year ended March 31, 2026, the company reported a net profit of ₹503.06 lakh, a decrease from ₹548.62 lakh in the previous year. Revenue from operations for the fiscal year stood at ₹10,074.43 lakh, slightly lower than the ₹10,123.77 lakh recorded in FY25. Total revenue for the year was ₹10,141.78 lakh. The basic earnings per share (EPS) for the year declined to ₹4.27 from ₹4.66 in the corresponding period last year.

Quarterly Results for Q4 FY26

In the fourth quarter ended March 31, 2026, the company posted a net profit of ₹58.84 lakh, a significant drop from ₹89.82 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹1,729.21 lakh, compared to ₹2,429.12 lakh in Q4 FY25. Total expenses for the quarter amounted to ₹1,620.43 lakh. The basic EPS for the quarter stood at ₹0.50.

Operational Metrics and Ratios

The company's net worth as of March 31, 2026, was reported at ₹8,154.73 lakh, up from ₹7,653.80 lakh in the prior year. Outstanding debt decreased to ₹1,350.94 lakh from ₹2,141.51 lakh. The debt-equity ratio improved to 0.17 from 0.28, while the current ratio improved to 2.85 from 2.04. The return on equity ratio stood at 6.36% for FY26, down from 7.43% in the previous year.

Board Appointments

Alongside the financial results, the board appointed M/s. B. P. Bang & Company as the Internal Auditor and M/s. Anchal Jain & Co. as the Cost Auditor for the financial year 2026-27. The statutory auditors, M/s. Singhvi & Mehta, issued an unmodified opinion on the annual standalone audited financial results.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE323J01019/46f954e6f6914418.pdf

Somi Conveyor Beltings Limited convened an Extra-Ordinary General Meeting (EGM) on Wednesday, May 6, 2026, at its registered office located at 4F-15, "Oliver House", New Power House Road, Jodhpur, Rajasthan. The meeting commenced at 11:30 A.M. and concluded at 12:30 Noon on the same day. The proceedings were disclosed to the stock exchanges in compliance with Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Overview

Mr. Om Prakash Bhansali, Managing Director of the Company, was elected as Chairman of the meeting. With the requisite quorum present, the Chairman formally commenced the proceedings and delivered his address to the members. Clarifications were provided to queries raised by shareholders during the course of the meeting. The total number of shareholders on the record date (cut-off date) stood at 7,866, with 07 promoter and promoter group members and 26 public shareholders present at the meeting either in person or through proxy. Video conferencing was not arranged as no request was received.

The key details of the EGM are summarised below:

Re-appointment of Independent Director

The sole agenda item at the EGM was the re-appointment of Mr. Santosh Kumar Joshi (DIN: 08950339) as a Non-Executive Independent Director for a second term of five consecutive years. The appointment is effective from February 22, 2026, to February 21, 2031 (both days inclusive). The resolution was classified as a Special Resolution, and promoters or promoter group members were not interested in the agenda.

Voting Results

In accordance with the provisions of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company facilitated remote e-voting through CDSL from May 3, 2026 (9:00 A.M.) to May 5, 2026 (5:00 P.M.), as well as poll-based voting at the meeting venue for members who had not cast their votes electronically. The Special Resolution for re-appointment of Mr. Santosh Kumar Joshi was passed with requisite majority, with all 8,927,822 votes cast entirely in favour and zero votes against.

The category-wise voting summary for Resolution No. 1 is presented below:

The mode-wise breakdown of votes, as reported by the Scrutinizer, is as follows:

Scrutinizer's Report

Mrs. Ira Baxi (FCS: 5456, CP No.: 4712), Practicing Company Secretary, was appointed as Scrutinizer by the Board of Directors to oversee and scrutinize both the remote e-voting process and voting through poll in a fair and transparent manner. The cut-off date for determining voting rights of shareholders was April 29, 2026. The votes were unblocked on May 6, 2026 at approximately 1:25 P.M. in the presence of two independent witnesses — Ms. Rashmi Dansinghani and Ms. Seema Bamaniya — both residents of Jodhpur and not in employment of the Company. No poll papers were found invalid. The Scrutinizer confirmed that the Special Resolution for re-appointment of Mr. Santosh Kumar Joshi as Non-Executive Independent Director for the second term of five consecutive years has been passed with requisite majority.

The proceedings were signed and submitted by Amit Baxi, Company Secretary and Compliance Officer (FCS: 8314), on behalf of Somi Conveyor Beltings Limited.