Sonalis Consumer Products has scheduled its fourth annual general meeting for Monday, September 28, 2026. The meeting will convene at 4:00 pm at its registered office in Mumbai to transact ordinary business for the financial year ended March 31, 2026.

Agenda Items

Shareholders will consider and adopt the audited financial statements along with the reports of the Board of Directors and Auditors. The company will also address the retirement by rotation of Mr. Sanjay Rajkumar Dua, who is not seeking re-appointment as a director.

The Board proposes that the vacancy caused by Mr. Dua’s retirement remains unfilled for the time being. Additionally, shareholders will vote on the re-appointment of M/s. H Rajen & Co., Chartered Accountants, as statutory auditors.

Auditor Reappointment

M/s. H Rajen & Co. will hold office for a term of five consecutive years, spanning from financial year 2026-2027 to financial year 2030-2031. Their remuneration will be mutually agreed upon between the auditors and the Board of Directors.

Voting Process

Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and concludes on Sunday, September 27, 2026, at 5:00 pm. Shareholders holding securities as of the cut-off date, Monday, September 21, 2026, are eligible to vote. The register of members and share transfer books remain closed from Tuesday, September 22, 2026, through Monday, September 28, 2026.

Sonalis Consumer Products reported a net profit of ₹866.80 lakh for the financial year ended March 31, 2026, marking a substantial increase from ₹265.18 lakh in the prior year. Revenue from operations surged to ₹14,988 lakh compared to ₹10,669.84 lakh in FY25, reflecting robust growth in the company's core business activities. The company’s earnings per share (EPS) for the year stood at ₹18.25, up from ₹13.27 in the previous year.

The board approved the audited standalone financial results for the half-year and year ended March 31, 2026, during a meeting held on May 27, 2026. M/s H Rajen & Co., Chartered Accountants, issued an unmodified opinion on the standalone annual audited financial statements. The audit confirmed compliance with the recognition and measurement principles laid down in the applicable accounting standards prescribed under section 133 of the Act and the Companies (Indian Accounting Standards) Rules, 2015.

Financial Performance

The company’s total expenditure for the year increased to ₹13,989.78 lakh from ₹10,314.05 lakh in the previous year, primarily driven by higher purchases of stock in trade and employee benefit expenses. Finance costs also rose to ₹45.39 lakh from ₹1.01 lakh. Despite the rise in expenses, the profit from ordinary activities before tax grew to ₹1,002.15 lakh from ₹357.27 lakh.

Capital Allocation and Fundraising

The board approved availing unsecured loans from promoters, the promoter group, directors, or relatives of directors, which may be converted into equity shares via preferential allotment or private placement. Additionally, the company approved the issuance of up to 20,000,000 new equity shares through preferential allotment, private placement, conversion of loans into equity, rights issue, or share warrants. These moves are subject to shareholder, government, and regulatory approvals.

Fund Utilisation

A statement of deviation or variation revealed that funds raised through a public issue were reallocated. Amounts initially earmarked for capital expenditure—₹340.78 lakh for building construction and ₹278.37 lakh for machinery—were reallocated for general corporate purposes and working capital requirements following board approval. The total amount raised was ₹1,501.50 lakh, with the issue open from April 11, 2025, to May 2, 2025.