Suryalakshmi Cotton Mills held its 63rd Annual General Meeting on September 30, 2026, at 11:00 am IST via video conference, with all five resolutions passed by requisite majority.

The meeting was conducted through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. The company disclosed the voting results and scrutinizer's report pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was open from 9:00 am on September 25, 2026 to 5:00 pm on September 29, 2026, with the cut-off date for shareholder eligibility set at September 23, 2026. The e-voting facility was provided by KFin Technologies Limited.

Meeting attendance and board composition

A total of 9,424 shareholders were on record as of the cut-off date. Seven promoter and promoter group members and 45 public shareholders attended the meeting through video conferencing. Six directors were present, including the Chairman and Managing Director.

Key compliance personnel present included CFO Santosh Kumar Agarwal and Company Secretary Munmun Baid. Statutory auditors M/s. Brahmayya & Co. and secretarial auditor M/s. K V C Reddy & Associates also participated.

Voting results summary

All five resolutions were passed with requisite majority. Total votes polled across all resolutions stood at 11,840,931, representing 62.97% of the total outstanding shares of 18,805,290. The scrutinizer's report was submitted by K.V. Chalama Reddy, Proprietor of K V C Reddy & Associates.

The consolidated voting outcome for each resolution is presented below:

Category-wise voting breakdown

The promoter and promoter group, holding 11,457,889 shares, cast 11,456,889 votes via e-voting across all resolutions, with 100% votes in favour. Public institutional shareholders, holding 342,374 shares, did not participate in voting for any resolution. Public non-institutional shareholders, holding 7,005,027 shares, polled 384,042 votes, with the vast majority cast in favour across all resolutions. There were no invalid votes recorded under any category for any of the five resolutions.

Regulatory compliance

The voting results and scrutinizer's report are available on the company's website and on the KFin Technologies Limited e-voting portal. The meeting adhered to the provisions of the Companies Act, 2013, and relevant rules thereunder. Suryalakshmi Cotton Mills is an ISO 9001:2015 and ISO 14001:2015 certified entity.

Suryalakshmi Cotton Mills has scheduled its 63rd Annual General Meeting (AGM) for September 30, 2026. The meeting will be conducted via video conferencing to approve financial statements for the fiscal year ended March 31, 2026. Shareholders can participate in remote e-voting starting September 27, 2026.

The cut-off date for determining voting eligibility is Wednesday, September 23, 2026. The company dispatched the notice of the AGM along with the Annual Report on September 3, 2026. The advertisement confirming this dispatch was published in Business Standard and Mana Telangana on September 4, 2026.

Financial Performance

The company reported revenue from operations of ₹79,471.80 lakh (₹794.72 crore) for FY26, a marginal increase of 0.4% compared to ₹79,176.46 lakh in the previous year. Profit after tax fell 14.2% to ₹311.54 lakh (₹3.12 crore) from ₹363.32 lakh in FY25.

Operating profitability contracted during the year. Gross profit before interest and depreciation declined 5.8% to ₹5,412.16 lakh from ₹5,743.04 lakh. Finance costs decreased by 12.7% to ₹2,989.13 lakh, providing some offset to the margin pressure.

The Board did not recommend any dividend for the year, aiming to conserve resources for modernization initiatives. Capital expenditure stood at ₹3,097.03 lakh, focused on upgrading spinning operations at the Amravati unit with advanced automation systems.

What the Numbers Show

The divergence between stable revenue and declining net profit highlights margin compression despite lower interest costs. While finance costs dropped significantly, gross profit also contracted, indicating that operational efficiencies did not fully counteract input or pricing pressures in the textile sector.

Corporate Governance Updates

The AGM will seek shareholder approval for the re-appointment of Paritosh Agarwal as Managing Director. Additionally, shareholders will vote on the appointment of Venkata Phani Kiran Kumar Immaneni as an Independent Director for a five-year term. The company also seeks ratification for the remuneration of its cost auditor, M/s S. Hariharan & Associates.