Sreeleathers appoints Soham Dey as Whole-time Director for 5 years
- Soham Dey appointed as Whole-time Director for 5 years effective September 28, 2026
- Net profit for FY26 stood at ₹2,874.27 lakh with gross revenue of ₹24,840.43 lakh
- Shareholders approved total dividend payout of ₹2 per equity share for FY26
- New director holds MBA from Kellogg School of Management and is related to MD Satyabrata Dey
*this image is generated using AI for illustrative purposes only.
Sreeleathers Limited shareholders approved the appointment of Soham Dey as a Whole-time Director for a five-year term during the company's 35th Annual General Meeting (AGM) held on September 28, 2026.
The appointment, effective immediately, was ratified via a special resolution. Dey, aged 27, holds a Mechanical Engineering degree from Boston University and an MBA from the Kellogg School of Management. He is related to Managing Director Satyabrata Dey, Whole-time Directors Shipra Dey and Rochita Dey, within the meaning of Section 2(77) of the Companies Act, 2013.
Financial performance highlights
The AGM also reviewed financial results for the fiscal year ended March 31, 2026. Rochita Dey, Whole-time Director, presented the year-in-review, disclosing a net profit of ₹2,874.27 lakh and gross revenue of ₹24,840.43 lakh.
| Metric | FY26 Value |
|---|---|
| Gross Revenue | ₹24,840.43 lakh |
| Operating Profit Before Tax | ₹3,820.68 lakh |
| Net Profit | ₹2,874.27 lakh |
The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs circulars and SEBI (LODR) Regulations, 2015. Satyabrata Dey chaired the session, which commenced at 11:30 am and concluded at 12:39 pm.
Dividend declaration and governance updates
Shareholders confirmed an interim dividend of ₹1 per equity share and declared a final dividend of ₹1 per equity share, both on shares with a face value of ₹10 each. This results in a total payout of ₹2 per share for FY26.
In other governance matters, Rochita Dey was reappointed as a Director retiring by rotation. Bhaskar Chatterjee, Independent Director, chaired proceedings for agenda items where the Chairman had a conflict of interest. The Board had initially appointed Soham Dey as an Additional Director on August 14, 2026, before recommending his full appointment to shareholders.
What the numbers show
The disclosed figures reveal an operating margin of approximately 15.4% for FY26, calculated from the operating profit before tax against gross revenue. The net profit represents roughly 11.6% of gross revenue, indicating that post-tax profitability remained robust relative to the company's top-line performance during the fiscal year.
Historical Stock Returns for Sreeleathers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.81% | +4.45% | +14.94% | +61.08% | +27.41% | 0.0% |
How will Soham Dey's engineering and Kellogg MBA background specifically influence Sreeleathers' product innovation or supply chain efficiency strategies?
What impact might the concentration of board seats within the Dey family have on future governance perceptions and institutional investor confidence?
Given the 15.4% operating margin, how does Sreeleathers plan to defend its profitability against rising raw material costs in the upcoming fiscal year?
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