Standard Batteries has adjourned its 79th Annual General Meeting, originally scheduled for August 25, 2026, citing a failure to secure the requisite quorum within the stipulated time.

The company informed the BSE that the meeting, convened via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), did not meet the minimum requirement of 30 members for physical presence as mandated by Section 103 (1) (a) (iii) of the Companies Act, 2013 and Secretarial Standards-2.

Revised Meeting Details

The Board of Directors has scheduled the adjourned meeting for Tuesday, September 1, 2026, at 11:30 am. The session will continue to be held through VC/OAVM to transact the business listed in the original notice dated May 29, 2026.

Book Closure Extension

Pursuant to Section 91 of the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the book closure period has been extended. The revised book closure dates are from August 19, 2026, to September 1, 2026, both days inclusive.

Shareholders on record during this period will be eligible to participate in the adjourned meeting. All other instructions and information contained in the original notice dated May 29, 2026, remain applicable mutatis mutandis.

Quorum Rules for Adjourned Meeting

As per Section 103 of the Companies Act, 2013, if the quorum is not present within half an hour of the appointed time for the adjourned meeting, the members present, being not less than two, shall constitute the quorum.

Resolutions passed at the meeting will be treated as having been passed on September 1, 2026, in accordance with Section 116 of the Companies Act, 2013.

Standard Batteries reported a net loss of ₹13.66 lakh for the quarter ended June 30, 2026, marking a slight deterioration compared to the ₹13.61 lakh loss in the same period last year. The company’s total income from operations plummeted to ₹0.08 lakh, down significantly from ₹0.24 lakh in Q1FY26, reflecting minimal commercial activity during the period.

The Board of Directors approved the unaudited financial results in a meeting held on August 12, 2026. The results were subsequently published in Financial Express and Mumbai Lakshadweep on August 13, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s earnings per share (EPS) stood at a loss of ₹0.26 for the quarter, unchanged from the ₹0.26 loss recorded in Q1FY25. For the full fiscal year ended March 31, 2026, the company reported an annual net loss of ₹49.60 lakh, with revenue totaling ₹10.13 lakh.

What the Numbers Show

The near-total collapse in operating revenue to ₹0.08 lakh, against a fixed cost structure that resulted in a ₹13.66 lakh loss, indicates that the company is currently generating negligible operational cash flow. With equity share capital standing at ₹51.71 lakh and reserves at ₹44.10 lakh as of March 31, 2026, the company’s capital base remains intact but is being eroded by consistent quarterly losses without significant revenue generation to offset them.