Sunil Industries shareholders approved the audited financial statements for the year ended March 31, 2026, during the company's 50th Annual General Meeting held on September 22, 2026. The meeting also ratified key board appointments and auditor remuneration.

The proceedings took place at the registered office in Dombivli, Maharashtra, commencing at 12:00 pm and concluding at 12:25 pm. Vinod Lath, Chairman and Managing Director, chaired the session, welcoming members and outlining the company's financial performance and future outlook for FY26.

Key resolutions passed

Shareholders voted on four primary agenda items via remote e-voting and physical ballot. The results confirmed the following actions:

Vinod Lath retired by rotation and was re-appointed as Managing Director. Shruti Somani’s appointment as Non-Executive Independent Director was regularized through a special resolution. The board also approved the remuneration payable to the cost auditor for the upcoming fiscal year.

Board composition and attendance

The meeting was attended by the full board of directors, ensuring quorum and compliance with governance standards. Key personnel present included:

• Vinod Lath, Chairman and Managing Director
• Pradeep Roongta, Whole Time Director and CFO
• Rajesh Tibrewal, Independent Non-Executive Director
• Shruti Somani, Independent Non-Executive Director
• Bindu Shah, Independent Non-Executive Women Director
• Sourabh Sahu, Company Secretary & Compliance Officer

No proxies were received from shareholders. The scrutinizer, Kunal Sakpal of HSPN & Associates LLP, oversaw the voting process, which combined remote e-voting conducted between September 19 and September 21, 2026, with physical voting at the venue.

Governance and audit updates

The secretarial audit report for the year ended March 31, 2026, was taken as read with no qualifications noted. The statutory auditors, V.K. Beswal & Associates, along with cost accountants Shanker Chaudhary & Co. and internal auditors Chetan Jain & Associates, were represented at the meeting. The detailed voting results and scrutinizer report are scheduled to be announced within two days of the conclusion of the AGM.

Director appointment details

Shruti Satyanarayan Somani was appointed as a Non-Executive Independent Director with effect from June 26, 2026. Her appointment was initially approved by the Board and subsequently ratified by shareholders for a term of five consecutive years, ending on June 25, 2031.

Ms. Somani is a Practicing Company Secretary with over 10 years of experience in corporate laws, secretarial practice, and regulatory compliance. She advises listed companies, start-ups, and foreign subsidiaries on complex governance matters, including SEBI regulations, FEMA, and capital market transactions. The company confirmed that she is not related to any other Directors or Key Managerial Personnel and is not debarred from holding office by any SEBI order.

Sunil Industries board of directors approved the annual report for FY26 on August 21, 2026. The textile manufacturer also scheduled its 50th annual general meeting for September 22, 2026.

The board convened in Mumbai to finalize disclosures for the financial year ended March 31, 2026. Directors approved the directors' report along with related annexures. A subsequent disclosure dated August 27, 2026, confirmed the book closure period for the AGM.

Financial Performance

Sunil Industries recorded total revenue of ₹2,262.9 crore in FY26, a 31.4% increase from ₹1,721.9 crore in the previous year. Revenue from operations stood at ₹2,260.4 crore compared to ₹1,718.4 crore in FY25.

Profit before tax rose to ₹60.2 crore from ₹48.3 crore. After providing for tax expenses of ₹14.2 crore, net profit for the year reached ₹46.0 crore, marking an 18% growth over the prior period.

Meeting Details

The 50th AGM will take place at 12:00 pm at the company's registered office in Dombivli, Maharashtra. The register of members and share transfer books will remain closed from September 16, 2026, to September 22, 2026.

Shareholders can cast votes electronically. The board appointed Mr. Hemant Shetye as the primary scrutinizer, with Mr. Kunal Sakpal as the alternate. National Securities Depository Limited (NSDL) will facilitate the e-voting process.

Corporate Governance

The board authorized directors and the company secretary to conduct the AGM and sign necessary documents. Sourabh Sahu, Company Secretary and Compliance Officer, signed the disclosure pursuant to Regulation 30 of the SEBI LODR Regulations, 2015. He also issued the intimation regarding the book closure pursuant to Regulation 42 of the same regulations.