Sukhjit Starch & Chemicals shareholders approved a final dividend of ₹1 per equity share and re-appointed key board members at the company’s 82nd Annual General Meeting held on August 26, 2026.

The meeting, chaired by Non-Executive Chairperson Smt. Manjoo Sardana, concluded with overwhelming support for all resolutions. Shareholders voted to adopt the financial results for the year ended March 31, 2026, alongside the Directors’ Report and Auditors’ Report. The dividend payout represents a 20% return on the face value of ₹5 per equity share.

Board Re-Appointments

The shareholders approved the re-appointment of Managing Director Sh. Kuldip Krishan Sardana, who retires by rotation. Additionally, the board secured consent for the re-appointment of Sh. M.G. Sharma as an Executive Director for a five-year term ending May 31, 2031. Smt. Shalini Umesh Chablani was also re-appointed as a Non-Executive Director for three years, effective September 1, 2026.

New Independent Directors

Two new independent directors were appointed to the board effective August 26, 2026:

• Sh. Anil Sikka, appointed for a five-year term until August 25, 2031
• Sh. Sanjeev Kumar, appointed for a five-year term until August 25, 2031

Both appointments followed recommendations from the Nomination & Remuneration Committee and the Board of Directors.

Voting Results

The voting process utilized both electronic voting via NSDL and ballot forms for in-person attendees. Practicing Company Secretary Sh. Parminder Singh Rally served as the scrutinizer. The consolidated voting results are detailed below:

The company also ratified the remuneration of its Cost Auditors for the financial year ending March 31, 2027. All resolutions were passed in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sukhjit Starch & Chemicals Ltd clarified to the National Stock Exchange of India Limited (NSE) on July 31, 2026, that its unaudited financial results for the quarter ended June 30, 2026, had been resubmitted due to a technical snag. The company stated that a portion of the original file submitted on July 29, 2026, was not in a machine-readable format, necessitating the revised upload. The financial data itself remains unchanged from the initial disclosure, confirming a standalone net profit after tax of ₹12.56 crore for Q1FY27, a 164% year-on-year increase from ₹4.75 crore in the corresponding period of FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on July 29, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Y.K. Sud & Co., Chartered Accountants. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013.

Financial Performance Highlights

The profitability surge was driven primarily by operating margin expansion rather than significant top-line growth. Standalone EBITDA rose 51.38% to ₹30.11 crore, while revenue from operations grew modestly by 7.60% to ₹395.12 crore. This resulted in an EBITDA margin expansion to 7.62% from 5.42% in Q1FY26. Profit before tax more than tripled to ₹16.46 crore from ₹5.67 crore. Consolidated net profit after tax rose to ₹12.15 crore from ₹5.01 crore in the same period last year.

Standalone other income decreased significantly to ₹0.35 crore from ₹2.86 crore in the previous year, indicating that the profit surge was primarily operational. Total expenses stood at ₹379.01 crore against ₹364.39 crore in Q1FY26. The cost of materials consumed was ₹257.97 crore, slightly lower than the ₹268.49 crore recorded in the prior year period, reflecting stable raw material prices. Finance costs declined to ₹6.55 crore from ₹7.12 crore, further supporting the improved bottom line.

Segment-Wise Analysis

The Maize Processing Division, which constitutes the primary revenue stream, generated segment revenue of ₹395.47 crore and reported a segment result of ₹23.01 crore for the quarter. This compares to a segment result of ₹12.79 crore in Q1FY26. The Infrastructure Division contributed ₹15.60 crore in revenue but reported a segment loss of ₹0.68 crore, contrasting with a profit of ₹0.37 crore in the same period last year. Inter-division transfers totaled ₹14.65 crore.

What the Numbers Show

The divergence between modest revenue growth and substantial profit expansion highlights effective operational leverage. While standalone revenue increased by only 7.60% YoY, net profit more than doubled, and the EBITDA margin expanded by approximately 220 basis points to 7.62%. This suggests that focused cost optimization initiatives and favorable input cost dynamics in the maize processing segment drove the margin improvement. The reduction in finance costs and stable material costs despite inflationary pressures likely supported this trend. Management attributed the resilience to healthy demand across key end-user industries and consistent operational execution.

Auditor's Review and Disclosures

Y.K. Sud & Co., the statutory auditors, issued an unmodified review report on both standalone and consolidated financial results. The auditors noted that the consolidated results include three subsidiaries—Sukhjit Mega Food Park & Infra Ltd., The Vijoy Steel and General Mills Co. Ltd., and Scott Industries Ltd.—whose interim results were not reviewed by their respective auditors. These subsidiaries reported total revenues of ₹1.18 crore and a net loss of ₹0.41 crore for the quarter, which management deemed immaterial to the group. The full financial results are available on the company's website and stock exchange portals.