Sonam Limited reported a 15.6% rise in net profit to ₹732.24 crore for the financial year ended March 31, 2026, compared to ₹633.27 crore in the previous year. Revenue from operations surged 64.3% to ₹17,099.36 crore from ₹10,413.89 crore in FY25, primarily led by a significant increase in net sales. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.

The statutory auditor, M/s. D V Bakrania & Associates, issued an audit report with an unmodified opinion for the period. For the quarter ended March 31, 2026, net profit stood at ₹289.59 crore, while revenue from operations reached ₹6,365.22 crore. The company’s total comprehensive income for the year increased to ₹848.22 crore from ₹633.27 crore in the prior year.

Board Approvals and Appointments

The board approved the re-appointment of Mrs. Deepa Jayeshbhai Shah as director, liable to retire by rotation, subject to shareholder approval at the Annual General Meeting (AGM). Additionally, the board confirmed the appointment of Mrs. Tanishka Anilbhai Dhamejani and Mr. Suresh Somnath Dave as Non-Executive Independent Directors, also subject to shareholder approval. M/s. Dipesh Bhoot & Co. was appointed as the internal auditor for FY27.

Financial Highlights

The company’s earnings per share (EPS) for the year increased to ₹1.83 from ₹1.58 in the previous year. Total expenses for FY26 rose to ₹15,939.52 crore from ₹9,474.51 crore in FY25, largely due to increased purchases of stock-in-trade, which amounted to ₹11,045.16 crore. The finance costs for the year were ₹208.42 crore, slightly higher than the ₹207.45 crore recorded in the previous year.

The board fixed June 18, 2026, as the record date to determine shareholder eligibility for voting at the 25th AGM, scheduled for June 25, 2026. The register of members and share transfer books will remain closed from June 19, 2026, to June 25, 2026.

Sonam Limited successfully concluded its 25th Annual General Meeting (AGM) on June 25, 2026, with shareholders approving all six resolutions, including the adoption of audited standalone financial statements for the financial year ended March 31, 2026. The meeting, conducted via video conferencing and other audio-visual means, was overseen by Chairman and Managing Director Jayeshbhai C. Shah. The remote e-voting process, facilitated by the National Securities Depository Limited (NSDL), was scrutinized by Ms. Dhara Patel, a Practicing Company Secretary.

The company provided remote e-voting facilities from June 22, 2026, to June 24, 2026. The cutoff date to determine shareholder eligibility was June 18, 2026. The scrutinizer's report confirmed that the electronic voting system was locked after the meeting concluded and subsequently unblocked in the presence of witnesses Tanishk Porwal and Dev Shah. The advertisement for the meeting was released in the Western Times in both English and Gujarati editions on June 3, 2026.

Resolutions Passed

All six resolutions were passed with 100% of the valid votes cast in favour. The detailed voting results are as follows:

Voting Details and Invalid Votes

While the valid votes were unanimously in favour, certain votes were declared invalid for specific resolutions. For resolutions regarding the appointment of Mrs. Deepa Jayeshbhai Shah and the remuneration of Mr. Harshil Jayeshbhai Shah, 22,922,704 votes cast by relatives of the concerned directors were excluded in accordance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Similarly, for the resolution on material related party transactions, 22,922,704 votes cast by the Promoter and Promoter Group shareholders were not considered as they are interested parties under Regulation 23 of the SEBI (LODR) Regulations, 2015. The scrutinizer confirmed there were no votes cast against any of the resolutions.