Sundrex Oil promoter declares nil encumbrance on shares in FY26

Promoter Mahesh Sonthalia has declared that he and Persons Acting in Concert (PACs) have not made any encumbrance on shares held in Sundrex Oil Company during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that the shareholding remains free from any charges or liens. This declaration is pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The collective shareholding of the promoter group stands at 96,44,752 shares, representing 72.01% of the total equity capital of Sundrex Oil Company Limited. The statement details the individual holdings of each PAC, confirming that no shares have been encumbered as on the date of the declaration.

Shareholding Details

The following table outlines the shareholding pattern of Mahesh Sonthalia and the PACs as on March 31, 2026:

Sl No	Name of the Shareholder	Total Shares Held	As a % of grand total	No. of shares encumbered as on date
1	MAHESH SONTHALIA	81,98,040	61.21	NIL
2	SHASHANK SONTHALIA	6,19,920	4.63	NIL
3	RICHA SONTHALIA	5,51,129	4.11	NIL
4	AMAN SONTHALIA	1,37,782	1.03	NIL
5	DOLLY SONTHALIA	68,891	0.51	NIL
6	VIGNESH SONTHALIA	68,890	0.51	NIL
7	SHREYA SONTHALIA	100	0	NIL
	Total	96,44,752	72.01	NIL

The declaration was signed by Mahesh Sonthalia on behalf of himself and the PACs on April 8, 2026. A copy of the statement has been forwarded to the Company Secretary and Compliance Officer of Sundrex Oil Company Limited for record-keeping purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.43%	-6.03%	-16.72%	-59.10%	-63.07%	-63.07%

Sundrex Oil Company Limited reported a consolidated net profit of ₹550.99 lakh for the financial year ended March 31, 2026, representing a 1.2% increase from ₹544.46 lakh in the previous year. Revenue from operations surged 64.7% to ₹11,071.04 lakh from ₹6,719.68 lakh in FY25, driven by higher operational activity. The company’s earnings per share (EPS) for the year stood at ₹5.20, down from ₹8.12 in the prior year.

The Board of Directors, in its meeting held on May 23, 2026, approved the audited financial results for both standalone and consolidated entities. The statutory auditors, Jain Sonu & Associates, issued an unmodified opinion on the financial statements. The audit confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for FY26 rose to ₹11,229.62 lakh from ₹6,911.86 lakh in the previous year. Total expenses increased to ₹10,504.41 lakh from ₹6,207.24 lakh, primarily due to higher costs of raw materials consumed, which rose to ₹9,486.09 lakh from ₹5,702.69 lakh. Finance costs also increased to ₹225.69 lakh from ₹179.86 lakh.

Metric	FY26 (Amount in Lakhs)	FY25 (Amount in Lakhs)
Revenue from Operations	11,071.04	6,719.68
Total Income	11,229.62	6,911.86
Total Expenses	10,504.41	6,207.24
Profit Before Tax	725.22	704.63
Net Profit	550.99	544.46
Earnings Per Share (₹)	5.20	8.12

Auditor Appointments

The Board approved the appointment of M/s Anil Malani & Associates as the Internal Auditor for the financial year 2026-27. Additionally, Mr. Anil Kumar Dubey, Partner of M/s M & A Associates, was appointed as the Secretarial Auditor for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Both appointees confirmed they have no relationship with the company's Board of Directors or Key Managerial Personnel.

IPO Proceeds Utilization

A certificate from the statutory auditors confirmed the utilization of net proceeds from the company's Initial Public Offering (IPO) up to March 31, 2026. The total amount disclosed in the offer document was ₹3,225.34 lakh, of which ₹2,025.34 lakh was utilized. An unutilized amount of ₹1,200.00 lakh is maintained in a dedicated Fixed Deposit account. The company noted that the timeline for utilizing funds earmarked for capital expenditure has been extended to FY 26-27 due to global macro-economic factors affecting the petroleum sector.