Sreeleathers Limited has scheduled its 35th Annual General Meeting for Monday, September 28, 2026. The event will be conducted through Video Conferencing or Other Audio-Visual Means in accordance with regulatory guidelines.

The company issued the intimation on August 27, 2026, confirming that the meeting will begin at 11:30 am. The format adheres to the provisions of the Companies Act, 2013, along with relevant circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Bijoy Kumar Roy, Company Secretary, signed the communication on behalf of the board. The notice serves as a formal update to shareholders regarding the logistical details of the upcoming corporate governance event.

Sreeleathers Limited reported a significant improvement in profitability for the first quarter of FY26, with net profit surging nearly 140% year-on-year. The Kolkata-based leather manufacturer posted a net profit of ₹698.7 lakh for the quarter ended June 30, 2026, compared to ₹293.3 lakh in the same period last year.

Revenue from operations grew 19.9% to ₹5,962.5 lakh, up from ₹4,980.2 lakh in Q1FY25. This top-line expansion was accompanied by a rise in total income to ₹6,042.9 lakh, reflecting robust core business performance alongside stable other income contributions.

Financial Performance

The company’s ability to manage expenses relative to revenue growth contributed to the margin expansion. While total expenses increased to ₹5,114.8 lakh from ₹4,624.1 lakh in the prior year quarter, the profit before tax more than doubled to ₹928.2 lakh from ₹400.5 lakh.

Earnings per share (basic) stood at ₹3.02, compared to ₹1.27 in the corresponding quarter of FY25. On a sequential basis, net profit declined from ₹967.1 lakh in Q4FY26, consistent with typical seasonal patterns in the leather sector.

What the Numbers Show

A key observation from the filing is the divergence between revenue growth and expense growth. While revenue rose nearly 20%, total expenses grew by only 10.6%. This operating leverage suggests improved cost efficiency or favorable input cost dynamics during the quarter. Specifically, purchase of stock in trade increased to ₹4,731.9 lakh from ₹4,010.4 lakh, but this was partially offset by a positive change in inventories of ₹290.9 lakh, compared to an inventory drawdown of ₹83.6 lakh in the previous year. This indicates the company may have built up inventory in anticipation of future demand, impacting short-term cost of goods sold but potentially supporting future revenue streams.