Sugal & Damani Share Brokers Ltd has scheduled its 33rd Annual General Meeting for September 28, 2026. The company will hold the meeting via video conferencing or other audio-visual means.

The Board of Directors recommends a dividend of ₹1 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This payout will be funded from the company's profits.

Key Agenda Items

The notice outlines several ordinary businesses to be transacted during the AGM:

• Adoption of the audited standalone and consolidated financial statements for FY26.
• Approval of the reports by the Board of Directors and Auditors.
• Declaration of the final dividend.
• Reappointment of directors retiring by rotation.
• Ratification of the auditor certificate regarding the change in the company's name.

Director Reappointments

Two directors are seeking reappointment after retiring by rotation:

• Mr Prasan Chand Jain (DIN 00050081)
• Mr Mahesh Chandak (DIN 00050149)

Both directors are eligible and have offered themselves for re-election by the shareholders.

Regulatory Compliance

The Board seeks ratification for an updated certificate issued under Regulation 45(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This revised certificate includes the required breakup of revenue, addressing a gap in the version circulated with the earlier postal ballot notice dated March 3, 2026.

Share Transfer Closure

Pursuant to Regulation 42 of the SEBI LODR Regulations, 2015, the register of members and share transfer books will remain closed from September 21, 2026, to September 28, 2026, inclusive. This closure facilitates the preparation of the record date for the AGM.

E-Voting Details

Shareholders can exercise their voting rights through remote e-voting. The voting window opens on Friday, September 25, 2026, and closes on Sunday, September 27, 2026. Votes cast during this period will apply to all resolutions listed in the AGM notice.

Sugal & Damani Share Brokers Ltd reported a sharp contraction in profitability for the first quarter of FY27, with standalone net profit falling to ₹18.99 lakh compared to ₹203.88 lakh in Q1FY26. The decline was primarily driven by a significant drop in revenue from operations, which stood at ₹158.56 lakh, down from ₹616.39 lakh in the corresponding period last year.

The company’s Board of Directors approved the unaudited financial results on August 13, 2026. The filing covers both standalone and consolidated figures for the quarter ended June 30, 2026, prepared in accordance with Indian Accounting Standard 34 'Interim Financial Reporting'.

Segment Performance Divergence

The financial results highlight a stark divergence between the company’s two primary business segments: stock broking and real estate. While the broking arm maintained robust profitability, the real estate division recorded an operating loss.

The stock broking segment generated revenue of ₹85.54 lakh, a modest increase from ₹82.33 lakh in Q1FY26. It contributed an operating profit of ₹55.92 lakh, demonstrating stability in this line of business. In contrast, the real estate segment saw revenue plummet to ₹97.45 lakh from ₹556.08 lakh year-ago. This segment incurred an operating loss of ₹26.41 lakh, reversing the profit of ₹215.29 lakh recorded in Q1FY26.

What the Numbers Show

The data reveals a critical shift in profit concentration. In Q1FY26, the real estate segment contributed approximately 80% of the total operating profit before interest and taxes. In Q1FY27, the stock broking segment became the sole profit driver, accounting for nearly 200% of the combined operating profit before interest and taxes (due to the real estate loss). This indicates that the company’s current earnings are entirely dependent on its broking operations, while the real estate business is currently a drag on overall profitability.

Balance Sheet and Other Metrics

Total comprehensive income for the quarter was ₹87.78 lakh, up significantly from ₹29.76 lakh in the preceding quarter (Q4FY26), largely due to other comprehensive income items which stood at ₹68.79 lakh (net of tax) for Q1FY27.

The company’s paid-up equity share capital remains unchanged at ₹625.00 lakh. Earnings per share (basic and diluted) for continuing operations were ₹0.30, down from ₹3.26 in Q1FY26.

The auditors, Diyali B and Associates, issued a limited review report stating that nothing came to their attention to suggest the financial statements contain material misstatement. The company announced that its 33rd Annual General Meeting will be held on September 28, 2026, via Other Audio-Visual Means.