SPL Industries Limited will conduct its 35th Annual General Meeting (AGM) on August 13, 2026, at 11:00 A.M. through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will transact ordinary business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Mrs. Shashi Agarwal as a director who retires by rotation. Shareholders will also consider the re-appointment of M/s Raghu Nath Rai and Co., Chartered Accountants, as statutory auditors for a term of five years.

The special business agenda includes seeking shareholder approval to maintain the company's borrowing limit up to ₹100 crore. Additionally, the board proposes approval for material related party transactions with Shivalik Prints Limited for an amount not exceeding ₹300 crore until the next AGM in 2027. Resolutions regarding investments, loans, and guarantees under Sections 186 and 185 of the Companies Act, 2013, are also listed for approval.

A key special resolution proposes the re-appointment of Mr. Mukesh Kumar Aggarwal as Managing Director for a period of five years from May 15, 2026, to May 14, 2031. His remuneration is fixed at ₹41,66,667 per month, along with perquisites and allowances. The meeting will also seek approval for the re-appointment of three independent directors—Mr. Sudeepta Ranjan Rout, Mr. Varun Bansal, and Mr. Vikash Jalan—for a second term of five years commencing July 10, 2026.

The company has provided a remote e-voting facility, which will be open from 10:00 A.M. on August 9, 2026, to 5:00 P.M. on August 12, 2026. Shareholders holding shares in dematerialized mode must register or update their details with their depository participant, while those holding shares in physical form must use Form ISR-1 with the Registrar and Transfer Agent, KFin Technologies Ltd. The cut-off date for determining shareholder eligibility for voting and participation is August 6, 2026.

SPL Industries reported a standalone net profit of Rs 706.10 lakh for the financial year ended March 31, 2026, a decrease from Rs 979.15 lakh in the previous year. Total revenue for the period stood at Rs 8,878.11 lakh, compared to Rs 15,319.61 lakh in FY25, as the company navigated challenging market conditions in the textile industry.

The company attributed the decline in financial performance to subdued domestic and export demand, pricing pressures, and geopolitical uncertainties affecting global trade. Despite the revenue contraction, the board has decided not to declare any dividend for the financial year 2025-26 to conserve resources.

Financial Performance

On a standalone basis, revenue from operations decreased to Rs 6,954.01 lakh from Rs 13,942.23 lakh in the prior year. Other income rose to Rs 1,924.10 lakh from Rs 1,377.38 lakh. The profit before tax stood at Rs 609.94 lakh, down from Rs 1,295.24 lakh in FY25. The earnings per share (EPS) for the reporting year was Rs 2.43.

Operational Highlights

The company noted that the financial year was marked by volatile raw material prices and increased competition from low-cost manufacturing countries. Management stated that despite the lower profitability, the company remains financially strong and focused on operational efficiency and cost management to create long-term shareholder value.

The paid-up equity share capital as of March 31, 2026, was Rs 29.00 crore, consisting of 2,90,00,004 equity shares of Rs 10 each fully paid-up. The company’s equity shares are listed on BSE Limited and the National Stock Exchange of India Limited.