Standard Batteries Limited will close its register of members and share transfer books from August 19, 2026, to August 25, 2026, to facilitate its 79th Annual General Meeting (AGM). The closure affects all equity share transfers during this period, ensuring only eligible members as of the record date can vote at the meeting. This procedural step is critical for shareholders holding physical or demat shares, as any transfers initiated after the closure start date will not be reflected in time for voting rights.

The AGM is scheduled to be held on Tuesday, August 25, 2026, at 11:30 a.m. via video conferencing (VC) and other audio-visual means (OAVM). The Board of Directors has already dispatched the notice of the AGM to eligible members on August 3, 2026. Additionally, the notice was published in newspapers on August 5, 2026, in compliance with regulatory requirements.

Key Dates for Shareholders

The closure period includes both the start and end dates, meaning no share transfers will be processed from Wednesday, August 19, through Tuesday, August 25. Shareholders intending to sell their stakes must ensure transactions are completed before the closure begins to avoid missing the voting deadline.

This action is taken pursuant to Section 91 of the Companies Act, 2013, and Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer, Hiren U. Sanghavi, has signed off on the notice, confirming adherence to statutory norms.

Investors should note that while the register is closed for transfers, trading on stock exchanges may continue until the market hours on the day preceding the AGM, depending on exchange-specific rules regarding corporate actions. However, beneficial ownership changes will not be recognized for voting purposes if they occur after the closure date.

standard batteries reported a net loss of ₹49.60 lakh for the financial year ended March 31, 2026, marking a reversal from the net profit of ₹81.66 lakh recorded in FY25. The company achieved nil revenue from operations during the period, with its total income comprising only other income of ₹10.13 lakh. This decline highlights the continued absence of core business turnover, as the company remains engaged primarily in trading and financial services without significant operational activity.

The Board of Directors submitted the annual report and notice for the 79th Annual General Meeting (AGM) to BSE Limited on August 3, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM is scheduled to be held on August 25, 2026, through video conferencing or other audio visual means, as permitted by Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025.

Financial Performance

The company’s financial results for FY26 reflect a sharp contraction in earnings compared to the previous year. While total expenses rose to ₹59.53 lakh from ₹54.68 lakh in FY25, the primary driver of the loss was the collapse in other income. Other income dropped significantly from ₹136.34 lakh in FY25 to ₹10.13 lakh in FY26. This reduction was largely due to lower interest income on fixed deposits and bonds, as well as decreased income tax refunds.

Employee benefits expense remained relatively stable at ₹28.29 lakh, while other expenses increased to ₹31.44 lakh from ₹26.64 lakh. The company did not declare any dividend for the year under review.

Key Governance Matters

Shareholders will consider two ordinary business items and one special business item at the AGM. Under ordinary business, shareholders will adopt the audited financial statements for FY26 and vote on the reappointment of Director Pradip Bhar, who retires by rotation. Mr. Bhar, who has served since August 13, 2019, has offered himself for reappointment.

The special business item involves the reappointment of Hiren U. Sanghavi as General Manager. The Nomination and Remuneration Committee recommended his reappointment for one year effective April 22, 2026. His consolidated remuneration is set at ₹1,50,000 per month. The resolution allows the Board to vary terms within limits specified under Schedule V of the Companies Act, 2013.

What the Numbers Show

The most critical observation from the filing is the complete reliance on non-operational income sources, which have now dwindled. With zero revenue from operations and a drastic fall in other income, the company’s ability to generate positive cash flows from operations is severely constrained. The net loss widened due to fixed operational costs persisting despite the lack of business turnover. Additionally, the company holds an inter-corporate deposit of ₹470 lakh with Williamson Financial Services Limited, which is fully impaired, indicating long-standing recovery challenges that continue to weigh on the balance sheet.