Sonam Limited will hold its 25th Annual General Meeting on June 25, 2026, at 4:30 p.m. via video conferencing to transact business including the adoption of audited standalone financial results for FY26 and the re-appointment of directors. The company reported a 14.8% rise in net profit to ₹727.24 lakh for the financial year ended March 31, 2026, compared to ₹633.27 lakh in the previous year, supported by a 64.5% increase in revenue from operations to ₹17,099.36 lakh. For the quarter ended March 31, 2026, net profit stood at ₹289.59 lakh, with revenue at ₹6,365.82 lakh.

The board approved the re-appointment of Mrs. Deepa Jayeshbhai Shah as Whole-Time Director, liable to retire by rotation, subject to shareholder approval. Shareholders will also consider the confirmation of Mrs. Tanishka Anilbhai Dhamejani as a Non-Executive Independent Director for a term of five years up to March 26, 2031, and the re-appointment of Mr. Suresh Somnath Dave as an Independent Director for a second term of five years from November 10, 2026, to November 9, 2031. Additionally, the meeting seeks approval for material related party transactions and the remuneration of Mr. Harshil Jayeshbhai Shah up to ₹10,00,000 per month.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the register of members and share transfer books will remain closed from June 19, 2026, to June 25, 2026. The company has fixed June 18, 2026, as the cut-off date to determine shareholder eligibility for voting. Remote e-voting will be available from June 22, 2026, at 9:00 a.m. to June 24, 2026, at 5:00 p.m.

Financial Performance Summary

M/s. D V Bakrania & Associates, Statutory Auditor, issued an audit report with an unmodified opinion. The board also approved the Director's Report and Secretarial Audit Report for FY26.

Sonam Limited reported a 64.21% year-on-year increase in revenue from operations to Rs. 171 crores for FY26, driven by strong market expansion and operational efficiency. The clock manufacturer's profit after tax (PAT) grew by 15.63% to Rs. 732 lakhs, while EBITDA stood at Rs. 1509 lakhs, registering a growth of 12.31%. The company achieved an EBITDA margin of 8.79% and a PAT margin of 4.26%.

During the earnings call held on June 1, 2026, Mr. Jayesh Chhabildas Shah, Managing Director, attributed the margin pressure to rising raw material costs and geopolitical issues impacting freight. Despite these challenges, the company reduced its debtors significantly from Rs. 10 crore in FY25 to Rs. 6.73 crores in FY26. The working capital cycle stands at 29 days for debtors and 37 days for creditors.

Financial Performance for FY26

Strategic Outlook

Management has provided a revenue growth guidance of 25% to 30% for FY27. This optimism is supported by a robust order book for exports and corporate orders, although shipments to key markets like Iraq are currently on hold due to logistical issues. The company is shifting its focus towards value over volume, launching products with MRPs of approximately Rs. 3000 and Rs. 6000 to cater to increasing purchasing power.

Sonam Limited is expanding its distribution network and strengthening its presence in online platforms such as Amazon, Flipkart, and Myntra. The company is currently in a trial phase on these marketplaces to assess return rates and damage before a full-scale rollout. Capacity utilization is currently between 50% and 60%.