Super Sales India Limited will convene its 44th Annual General Meeting on July 20, 2026, at 3:30 PM IST via video conferencing to approve financial results and auditor appointments. The meeting will address the adoption of audited annual financial statements for the financial year ended March 31, 2026, and the declaration of dividends. Shareholders will also vote on the re-appointment of director Sri. Sanjay Jayavarthanavelu and the ratification of remuneration for cost auditor Sri. G. Sivagurunathan.

Auditor Appointment and Remuneration

The Board recommends the appointment of M/s. S. Krishnamoorthy & Co, Chartered Accountants, as statutory auditors for a term of five years from the financial year 2026-27 to 2030-31. This appointment replaces M/s. Subbuchar & Srinivasan, who are completing their second term. The proposed fees for the new auditors for the year 2026-27 are ₹9,00,000, an increase from the ₹6,50,000 paid to the outgoing auditors. The remuneration for the remaining years will be determined by the Board.

Related Party Transactions

Shareholders are requested to approve omnibus approval for related party transactions with LMW Limited, formerly known as Lakshmi Machine Works Limited. The proposed transactions, which include the sale and purchase of goods and services, may exceed 10% of the company's annual consolidated turnover. The total value of these transactions is capped at ₹200 Crores for the period until the next Annual General Meeting. The company states these transactions are in the ordinary course of business and at arm's length.

Financial and Operational Details

The company acts as a selling agent for machinery manufactured by LMW, which contributes a major portion of its revenue through commissions. Additionally, Super Sales India supplies gears and gear boxes to LMW. The record date for determining shareholder eligibility to attend and vote at the AGM is July 13, 2026. The register of members and share transfer books will remain closed from July 14, 2026, to July 20, 2026.

Key Meeting Details

The company has engaged NSDL to facilitate remote e-voting and e-voting during the AGM. Members eligible to vote as on the record date may cast their votes electronically. The facility for appointing proxies is not available due to the virtual nature of the meeting.

Super Sales India Limited reported a return to profitability for the financial year ended March 31, 2026, posting a net profit of Rs 356.56 lakh compared to a net loss of Rs 175.88 lakh in the previous year. Revenue from operations rose to Rs 41,053.64 lakh from Rs 40,377.49 lakh in FY25, while total income stood at Rs 41,953.28 lakh. The company’s profit before tax improved significantly to Rs 796.18 lakh from a loss of Rs 172.41 lakh in the prior year.

The Board of Directors has recommended a dividend of Rs 2.50 per equity share, subject to the approval of shareholders at the upcoming Annual General Meeting. The record date for determining dividend eligibility is July 13, 2026. The company’s financial performance was bolstered by improved operational efficiency across its divisions, with the Textile Division recording a substantial increase in profit before interest and tax (PBIT) to Rs 1,027.72 lakh from Rs 126.39 lakh in the previous year.

Financial Performance

The company’s financial results for FY26 show a turnaround in profitability driven by higher income and controlled expenses. Other income increased to Rs 899.64 lakh from Rs 867.13 lakh in the previous year. Profit before interest and depreciation stood at Rs 4,059.23 lakh, up from Rs 3,181.43 lakh in FY25. After accounting for finance costs and depreciation, the company achieved a profit before tax of Rs 825.15 lakh, a marked improvement from the loss before tax of Rs 172.41 lakh in the previous year.

Segment Performance

The Agency Division recorded marginal growth in revenue to Rs 1,801.10 lakh from Rs 1,745.73 lakh, with PBIT rising to Rs 803.79 lakh from Rs 787.61 lakh. The Textile Division saw revenue increase to Rs 33,581.33 lakh from Rs 33,257.19 lakh, while its PBIT surged to Rs 1,027.72 lakh compared to Rs 126.39 lakh in the previous year. The Engineering Division reported revenue of Rs 6,491.31 lakh, up from Rs 6,061.74 lakh, and turned profitable with a PBIT of Rs 137.82 lakh against a loss of Rs 157.25 lakh in FY25.

Corporate Governance and Approvals

The Board has appointed M/s. S. Krishnamoorthy & Co, Chartered Accountants, as the new statutory auditors for a term of five years from FY27 to FY31, replacing M/s. Subbachar & Srinivasan. Shareholders will also vote on a resolution to approve related party transactions with LMW Limited for an amount not exceeding Rs 200 Crores. The company has also ratified the remuneration of Rs 1.50 lakh payable to the Cost Auditor, Sri. G. Sivagurunathan, for the financial year ending March 31, 2027.