Standard Industries Ltd will hold its 129th Annual General Meeting on August 18, 2026, at 3.00 P.M. through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will cover the adoption of audited financial statements for the year ended March 31, 2026, and address the appointment of directors and dividend declarations.

Financial Results and Dividend

The Board proposes the confirmation of an interim dividend of ₹0.55 per equity share already declared and paid for the Financial Year 2025-2026. Additionally, the meeting will seek approval for a final dividend of ₹0.25 per equity share for the same financial year. Shareholders will also consider the adoption of the audited Balance Sheet as at March 31, 2026, along with the Statement of Profit and Loss, Cash Flow Statement, and the Reports of the Directors and Auditors.

Director Appointments

Smt. Divya P. Mafatlal, who retires by rotation at the upcoming meeting, is eligible for re-appointment. In special business, the company seeks shareholder approval to re-appoint Shri Khurshed Thanawalla as Non-Executive Independent Director. His current term expires on May 18, 2027, and the proposed re-appointment is for a second term of five consecutive years from May 19, 2027, to May 18, 2032.

Meeting Details and E-voting

Remote e-voting will commence at 9:00 A.M. on August 14, 2026, and conclude at 5:00 P.M. on August 17, 2026. Members registered as of the cut-off date, August 11, 2026, are entitled to vote. The facility for speaker registration and posting questions will be available from August 14 to August 16, 2026. Physical attendance has been dispensed with, and consequently, the facility for the appointment of proxies will not be available.

Shri Kaushik M. Jhaveri, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process in a fair and transparent manner. The results will be declared immediately after the conclusion of the AGM and forwarded to the stock exchanges within two working days.

Standard Industries Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s. R. S. Gokani & Co., Statutory Auditors, issued an unmodified audit opinion on the financial results for Financial Year 2025-26. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted newspaper clippings of the extract of these audited financial results to the stock exchanges on May 13, 2026, as published in The Free Press Journal (English) and Navshakti (Marathi). The advertisement includes a Quick Response Code and a weblink to access the complete financial results.

Standalone Financial Performance

On a standalone basis, the company's revenue from operations rose to ₹3,068.34 lakhs in FY26 from ₹2,234.98 lakhs in FY25. However, total expenses increased to ₹4,866.90 lakhs from ₹3,879.43 lakhs, resulting in a wider net loss of ₹1,759.22 lakhs for the year compared to ₹1,380.44 lakhs in FY25. The following table summarises key standalone financial metrics:

The standalone total comprehensive income for FY26 turned positive at ₹206.80 lakhs, compared to a loss of ₹1,370.53 lakhs in FY25, driven by other comprehensive income of ₹1,966.02 lakhs. This included ₹1,954.43 lakhs from equity instruments through other comprehensive income, arising from the disposal of the company's entire investment of 14,47,714 equity shares in Duville Estates Pvt. Ltd. at a fair value price of ₹212 per share, aggregating to ₹30,69,15,379. The disposal was executed in two tranches — the first tranche of 9,04,845 equity shares during the quarter July–September 2025, and the second tranche of 5,42,869 equity shares during the quarter October–December 2025, with the fair value determined by Registered Valuer Bhakti Shah & Associates, Chartered Accountant.

Consolidated Financial Performance

Consolidated revenue from operations for FY26 stood at ₹3,433.10 lakhs, up from ₹2,792.41 lakhs in FY25. The consolidated net loss widened to ₹1,950.17 lakhs in FY26 from ₹1,350.97 lakhs in FY25. The consolidated total comprehensive income for FY26 stood at ₹14.51 lakhs, compared to a loss of ₹1,340.92 lakhs in FY25.

Dividend and Key Corporate Actions

The board recommended a final dividend of Re. 0.25 per equity share of ₹5/- each (5% on face value) for FY26, subject to shareholder approval. The record date has been fixed as Tuesday, August 11, 2026, with payment on or before September 17, 2026. The board had previously declared an interim dividend of ₹0.55 per share, paid on March 11, 2026.

The board also approved the assignment of development rights over land admeasuring 1,937.30 sq. mtrs. at Dadar West, Mumbai, to Prabhadevi Developer Private Limited. The transaction involves a cash consideration of ₹169,51,41,225 and an allocation of 25,774.61 sq. ft. of residential RERA carpet area.

Governance Decisions

The board proposed the re-appointment of Shri Khurshed Thanawalla as a Non-Executive Independent Director for five years effective May 19, 2027, subject to shareholder approval. M/s Bhatia & Poojari, Chartered Accountants, were re-appointed as Internal Auditor for FY 2026-27. The 129th Annual General Meeting is scheduled for Tuesday, August 18, 2026, via Video Conference.

Source: None/Company/INE173A01025/94d15afd2f464d20.pdf