Standard Batteries has confirmed its book closure period from August 19 to August 25, 2026, in preparation for its 79th Annual General Meeting (AGM). The meeting is scheduled for Tuesday, August 25, 2026, at 11:30 a.m. (IST) via Video Conferencing (VC) and Other Audio Visual Means (OAVM). This timeline establishes August 18, 2026, as the cut-off date for determining shareholder eligibility to vote on critical matters, including the approval of audited financial results for FY25-26 and the re-appointment of Key Managerial Personnel (KMP).

The Board of Directors recommended these items at its meeting on February 12, 2026, with ordinary business items approved on May 29, 2026. The proceedings adhere to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Remote e-voting facilities are managed by MUFG Intime India Private Limited, with the voting window open from August 22 to August 24, 2026.

Financial Performance in FY25-26

Shareholders will review a challenging fiscal year ended March 31, 2026, characterized by nil revenue from operations. Standard Batteries relied entirely on other income to offset costs, resulting in a net loss. The financial position is detailed below:

The absence of operating revenue indicates that core business activities did not generate sales during the period. The entity incurred significant expenses relative to minor other income streams, leading to a net loss that matches the pre-tax figure due to no reported tax liability.

Key Managerial Personnel Appointment

The AGM will also address the re-appointment of Hiren U. Sanghavi as General Manager, effective from April 22, 2026, for one year. Sanghavi, a Chartered Accountant and Company Secretary with over 44 years of experience, will receive a consolidated remuneration of ₹1,50,000 per month. This amount remains unchanged from his previous structure. The Nomination and Remuneration Committee recommended the appointment, citing his expertise as critical for legal and financial compliance, noting that overall managerial remuneration exceeds limits under Section 197 of the Companies Act, 2013.

Voting Logistics and Record Date

The Register of Members and Share Transfer Books will remain closed from August 19 to August 25, 2026. Members holding shares as of the record date, August 18, 2026, can exercise their voting rights electronically. Rajnikant N. Shah, a Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process. Results will be declared within two working days of the meeting’s conclusion and communicated to BSE Limited.

What the Numbers Show

The financial data reveals a complete reliance on non-operating income during FY25-26. With zero revenue from operations, the company’s primary business lines did not contribute to top-line growth. The ₹49.58 lakh loss is directly attributable to the gap between ₹10.13 lakh in other income and ₹59.72 lakh in total expenditure. This structure suggests that fixed costs or administrative overheads significantly outweighed any incidental income, highlighting the need for strategic cost management or revenue generation initiatives in subsequent periods.

The Standard Batteries Limited reported a net loss of ₹49.60 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹81.66 lakh recorded in the previous year. The company's total income for the year fell to ₹10.13 lakh from ₹136.34 lakh in FY25, primarily driven by a sharp decline in other income. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹13.34 lakh, compared to a loss of ₹14.38 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at ₹3.40 lakh, while total expenses amounted to ₹16.74 lakh. The auditors, V. Singhi & Associates, provided an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial position as of March 31, 2026, shows total assets at ₹214.44 lakh, down from ₹254.06 lakh in the previous year. Total equity decreased to ₹95.81 lakh from ₹145.41 lakh, impacted by the net loss for the year. Current liabilities rose to ₹118.63 lakh from ₹108.65 lakh, while current assets declined to ₹156.04 lakh from ₹200.90 lakh.

Board Decisions and Appointments

The Board recommended the re-appointment of Mr. Pradip Bhar, Director, who is retiring by rotation at the ensuing 79th Annual General Meeting. Mr. Bhar, a qualified Chartered Accountant with over 45 years of experience, has been a Director since August 13, 2019. Additionally, the Board appointed R. N. Shah and Associates, Practicing Company Secretary, as the scrutiniser for voting at the 79th Annual General Meeting for the financial year 2026-2027.

The audited financial results were prepared in accordance with Indian Accounting Standards (Ind AS). The company noted that the implementation of new Labour Codes notified by the Government of India does not have a material impact on its financial statements. The Statement of Cash Flows for FY26 indicates a net decrease in cash and cash equivalents of ₹8.23 lakh, with closing balances at ₹6.63 lakh.

Regulatory Disclosures

In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the copy of the newspaper publication of the audited financial results to the BSE Ltd. The results were published in the Financial Express (English newspaper) and Mumbai Lakshadweep (Marathi newspaper) on May 30, 2026.