Sterling Powergensys concluded its 41st Annual General Meeting on September 12, 2026. The gathering in Mumbai saw shareholders approve the audited financial statements for FY26 and reappoint key board members.

The meeting commenced at 3:00 pm at Sundaram, Ghatkopar (West), and ended at 3:40 pm. Company Secretary Gaurav Kaushik declared the quorum present. Shareholders voted via e-voting from September 9 to September 11, with physical voting available for attendees who had not cast electronic votes.

Resolutions Passed

Members approved four ordinary resolutions during the proceedings:

• Adoption of the audited financial statements for the year ended March 31, 2026, along with the Board and Auditor reports.
• Re-appointment of Mrs. Rajlaxmi Iyar as a Non-Executive Director liable to retire by rotation.
• Regularisation of Mr. Periasamy Mathialagan’s directorship, appointing him as an Additional Non-Executive Non-Independent Director.
• Re-appointment of Mr. Sankaran Venkata Subramanian as Managing Director.

Governance Updates

Managing Director Sankaran Venkata Subramanian briefed members on business performance and future expansion plans. Chairperson Shankar Ramnath Iyer addressed shareholder queries. Statutory, internal, and secretarial auditors were absent due to unforeseen circumstances, with their leave marked in the records.

The company filed the summary of proceedings with BSE Limited under Regulation 30 of the SEBI Listing Regulations.

Sterling Powergensys reported a net profit of ₹162.19 lakh for the quarter ended March 31, 2026, marking a turnaround from a net loss of ₹27.99 lakh in the corresponding period of the previous year. Revenue from operations for Q4FY26 stood at ₹1,705.50 lakh, a sharp increase compared to ₹79.50 lakh in Q4FY25. The company’s total income for the quarter rose to ₹1,761.35 lakh, supported by other income of ₹55.85 lakh.

For the financial year ended March 31, 2026, Sterling Powergensys posted a net profit of ₹98.55 lakh, compared to ₹18.89 lakh in the previous year. Total income for FY26 reached ₹2,441.07 lakh, with revenue from operations contributing ₹2,380.05 lakh. The board approved the audited standalone financial results at its meeting held on May 29, 2026.

Financial Performance

The company’s expenditure for the quarter totaled ₹1,564.16 lakh, primarily driven by the purchase of stock in trade at ₹1,112.69 lakh and changes in inventories amounting to ₹414.20 lakh. Finance costs for the quarter were recorded at ₹11.29 lakh, while tax expenses stood at ₹35.00 lakh. Earnings per share (EPS) for Q4FY26 improved to ₹3.08 from a negative ₹0.53 in the prior year.

Key Financial Metrics

Balance Sheet and Cash Flows

As of March 31, 2026, the company’s total assets stood at ₹1,668.62 lakh, a decrease from ₹2,029.00 lakh in the previous year. Total equity improved to ₹138.40 lakh from ₹32.57 lakh, while total liabilities reduced to ₹1,530.22 lakh from ₹1,996.42 lakh. Trade receivables decreased significantly to ₹656.03 lakh from ₹1,024.37 lakh in the prior year.

The statement of cash flows for FY26 showed a net decrease in cash and cash equivalents of ₹0.57 lakh. Cash generated from operations was ₹29.89 lakh, while net cash used in investing activities was ₹45.92 lakh, primarily due to proceeds from the disposal of property, plant, and equipment. Net cash used in financing activities amounted to ₹41.39 lakh.