Sreeleathers Limited has commenced the e-voting process to seek shareholder approval for the appointment of Mr. Bhaskar Chatterjee as an Independent Director. The remote e-voting facility is available from July 14, 2026, at 9.00 a.m. to August 12, 2026, at 5.00 p.m. This governance measure aims to strengthen the board structure with an independent voice, leveraging the candidate's extensive experience in the retail and FMCG sectors. The resolution requires a special majority to be passed.

The Board of Directors, at its meeting held on July 6, 2026, appointed M/s. Pawan Vani & Associates, Chartered Accountants, as the scrutinizer to oversee the postal ballot process. The company has engaged the services of Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting system. The resolution, if passed by the requisite majority, will be deemed to have been passed on the last date of voting.

Calendar of Events for Postal Ballot

Mr. Bhaskar Chatterjee (DIN: 11607714) was appointed as an Additional Director in the capacity of an Independent Director effective May 29, 2026. The special resolution seeks member approval for his appointment for a period of five years from May 29, 2026. The explanatory statement highlights his over 30 years of experience in retail operations, sales, and distribution, noting that he meets the criteria for independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot notice has been dispatched electronically to members whose email addresses are registered with the company or depositories as on the cut-off date. Shareholders holding shares in physical form or non-individual shareholders can access the e-voting facility through the CDSL platform, while individual shareholders holding shares in demat mode can vote via their depository accounts. The results of the postal ballot will be announced on or before August 14, 2026, and subsequently intimated to the National Stock Exchange of India Ltd. and BSE Ltd.

The company has submitted the newspaper advertisement released on July 14, 2026, in "The Echo of India" and "Arthik Lipi" to the stock exchanges as per Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sreeleathers Limited reported a 27.3% increase in net profit for the financial year ended March 31, 2026, reaching ₹2,874.27 lakh, driven by higher revenue from operations. The company's revenue grew 12.4% year-on-year to ₹24,840.43 lakh for FY26, compared to ₹22,099.47 lakh in the previous year. The Board of Directors has recommended a final dividend of Re. 1 per equity share of ₹10 each for the fiscal year, subject to shareholder approval at the ensuing Annual General Meeting.

For the quarter ended March 31, 2026, the company recorded a profit of ₹967.12 lakh, a significant increase from ₹529.48 lakh in the same period last year. Revenue from operations for the quarter stood at ₹6,269.30 lakh, up from ₹5,315.28 lakh in Q4FY25. The audited standalone financial results were reviewed by the Audit Committee and approved by the Board in its meeting held on May 29, 2026.

Financial Performance

The company's total income for FY26 rose to ₹25,461.31 lakh from ₹22,144.64 lakh in the previous year. Total expenses increased to ₹21,634.69 lakh from ₹18,954.54 lakh. Profit before tax for the year improved to ₹3,820.68 lakh from ₹3,190.10 lakh. Earnings per share (EPS) for the year increased to ₹12.41 from ₹9.75 in the prior year.

Board Decisions and Appointments

During the meeting, the Board approved the appointment of Mr. Bhaskar Chatterjee as an Additional Director in the category of Non-Executive Independent Director for a term of five consecutive years, effective from May 29, 2026. This appointment is subject to the approval of shareholders at the upcoming Annual General Meeting. Mr. Chatterjee, aged 74, holds an MBA degree and possesses over 30 years of experience in the retail industry.

The Board also approved the audited financial statements for the year ended March 31, 2026, as recommended by the Audit Committee. The statutory auditors, M/s. K. Rungta & Co., Chartered Accountants, provided an unmodified opinion on the standalone audited financial results. The meeting commenced at 5:30 p.m. and concluded at 9:30 p.m. on May 29, 2026.