Super Bakers (India) Ltd shareholders approved all five resolutions at its 32nd annual general meeting held on September 21, 2026. The voting results were declared by the company on the same day following scrutiny by Kashyap R Mehta & Partners.

The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs guidelines. Remote e-voting was open from September 18 to September 20, 2026. A total of 388019 votes were polled out of 3021600 shares held by eligible shareholders as of the cut-off date of September 14, 2026, representing a 12.84% participation rate.

Voting Results

All resolutions received overwhelming support, with dissenting votes accounting for less than 0.01% of the total poll in each case. The detailed voting breakdown is below:

Board and Governance Updates

The special resolutions approved the appointment of Parth B. Thakkar and Rajkumari R. Udhwani as Non-Executive & Independent Directors for five-year terms starting September 1, 2026. Mr. Anil S. Ahuja, Chairman & Managing Director, noted that existing Independent Directors Ms. Unnati Bane and Mr. Hargovind Parmar will retire upon the conclusion of the AGM.

Under ordinary business items, shareholders reappointed Mr. Sunil S. Ahuja (DIN: 00064612) as a director retiring by rotation. The company also engaged Kashyap R Mehta & Partners as secretarial auditors for five years to conduct audits for financial years 2026-27 to 2030-31. Statutory and secretarial auditors reported no qualifications in their respective reports.

Shareholder Participation

Promoter and Promoter Group shareholders held 674059 shares and voted 348117 shares (51.64% of their holding), all in favour of every resolution. Public Non-Institutional shareholders held 2347541 shares and voted 39902 shares (1.70% of their holding). No Public Institutional shareholders participated in the voting process.

Super Bakers (India) Limited reported a net profit of ₹9.79 lakh for the first quarter of fiscal year 2026 (Q1FY26), ending June 30, 2026. This represents a slight decline from the ₹10.19 lakh profit recorded in the corresponding quarter of the previous year. The Board of Directors approved the unaudited financial results during a meeting held on August 11, 2026, in Ahmedabad.

The filing indicates that the company generated no revenue from operations during the period. Instead, total income stood at ₹22.24 lakh, derived entirely from other income sources. This figure is marginally lower than the ₹22.80 lakh recorded in Q1FY25. The absence of operational revenue aligns with the company's long-standing suspension of its wheat grinding operations, which ceased effective February 1, 2015.

Financial Performance Overview

Total expenses for the quarter amounted to ₹10.89 lakh, up from ₹10.82 lakh in the prior year period. Employee benefits expense increased to ₹2.03 lakh from ₹1.85 lakh, while other expenses remained relatively stable at ₹7.14 lakh compared to ₹7.25 lakh previously. Depreciation and amortization expenses were consistent at ₹1.72 lakh for both periods.

The profit before tax stood at ₹11.35 lakh, down from ₹11.98 lakh in the same quarter last year. Tax expenses included current tax of ₹1.70 lakh and deferred tax credit of ₹0.14 lakh. Earnings per share (EPS) decreased to ₹0.32 from ₹0.33 in the previous year's corresponding period.

Operational Context and Compliance

Super Bakers operates in a single segment with no subsidiaries or associates. The company’s wheat grinding unit has been suspended since February 2015, meaning its current financial performance is driven by non-operational income streams rather than core business activities. This structural reality limits the interpretability of traditional growth metrics such as revenue expansion or margin improvement.

The results were reviewed by the Audit Committee and approved by the Board. N. K. Aswani & Co., Chartered Accountants, issued a limited review report stating that nothing came to their attention to suggest the statement contained material misstatements. The filing was submitted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185.

What the Numbers Show

The near-flat expense profile despite zero operational revenue highlights the fixed cost structure of the business. With employee benefits and depreciation constituting the majority of outflows, the company’s profitability remains tightly coupled with fluctuations in other income, which can include interest receipts or one-time gains. Investors should note that without operational revenue, standard sector comparisons are not applicable, and performance should be evaluated based on asset preservation and non-operational yield stability.