Swiss Military Consumer Goods Limited declared a final dividend of ₹0.10 per equity share during its 37th Annual General Meeting held on September 25, 2026. The payout represents a 5% return on the face value of ₹2 per share for FY26.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means, in compliance with SEBI Listing Regulations and the Companies Act, 2013. Remote e-voting facilities were available from September 22 to September 24, 2026, allowing shareholders to cast their votes prior to the live session.

Voting results and scrutinizer report

The scrutinizer’s report, issued by Anchal Mittal of AM & Associates on September 26, 2026, confirmed that all five resolutions passed with overwhelming majority. Out of 61,495 total shareholders on the record date, 133 members participated via video conferencing.

Key resolutions passed

Shareholders approved five resolutions covering financial adoption, dividend declaration, and board appointments. The audited standalone and consolidated financial statements for the year ended March 31, 2026, were adopted alongside the Board and Auditor reports.

The re-appointments included Ashita Sawhney as Director, and Rajesh Tuteja and Surendra Kumar Bhagat as Independent Directors for a further term of five consecutive years. Promoter group held 14,90,04,820 shares and voted in favour of all resolutions, while public non-institutional holders voted against a small fraction of the total polls.

Board composition and attendance

The Board of Directors present included Chairman Ashok Kumar Sawhney, Managing Director Anuj Sawhney, and Non-Executive Directors Ashita Sawhney, Surendra Kumar Bhagat, Rajesh Tuteja, Inder Dutt, and Chirag Gupta. Chief Financial Officer Vijay Kalra and Company Secretary Vikas Jain attended the meeting.

Quorum requirements were satisfied with 133 members participating via video conferencing. The Managing Director outlined the company’s working performance and future plans during his address. Following a question-and-answer session, voting continued for an additional 30 minutes to accommodate members who had not participated in remote e-voting.

Voting results and the scrutinizer’s report are submitted pursuant to Regulation 44 of the SEBI Listing Regulations and Section 108 of the Companies Act, 2013.

Swiss Military Consumer Goods Limited has scheduled its 37th Annual General Meeting (AGM) for September 25, 2026. The meeting will convene via video conferencing at 12:00 noon to adopt the audited financial statements for the fiscal year ended March 31, 2026.

The company reported a standalone revenue of ₹2,513.45 crore for FY26, marking an 18.19% increase from ₹2,126.69 crore in the previous year. However, profit after tax declined by 15.98% to ₹77.22 crore, down from ₹91.91 crore in FY25.

Financial Performance Overview

The company's top-line growth was broad-based, supported by channel expansion and a refreshed product range. Despite the revenue surge, operating margins faced pressure due to deliberate investments in brand building, retail expansion, and manufacturing ramp-up costs.

EBITDA stood at ₹125.26 crore, a decline of 3.74% year-on-year. The company attributed the margin compression to front-loaded growth-oriented costs, including the development of a dedicated retail field force and pan-India warehousing infrastructure.

What the Numbers Show

The divergence between robust revenue growth and declining profitability highlights a strategic pivot toward capital-intensive infrastructure development. While revenue expanded by nearly 18%, EBITDA contracted, indicating that current operational leverage is being reinvested into long-term capabilities rather than immediate bottom-line accretion. This suggests a transitional phase where short-term margin dilution is accepted to build scalable manufacturing and retail assets.

Corporate Actions and Dividend

The Board of Directors recommended a final dividend of 5%, equivalent to ₹0.10 per equity share of face value ₹2 each. Shareholders on record as of September 18, 2026, will be eligible for the payout, subject to approval at the AGM.

The agenda also includes the reappointment of Mrs. Ashita Sawhney as a director retiring by rotation. Additionally, shareholders will vote on the reappointment of independent directors Rajesh Tuteja and Surendra Kumar Bhagat for a second term of five years.

Strategic Developments

Management highlighted several post-year-end developments, including the launch of 'Alpine Club,' a new sub-brand targeting value-conscious consumers. The company also commenced the rollout of Exclusive Brand Outlets (EBOs) in Gujarat and South India, with a target of 50 outlets by FY29.