Umiya Mobile Limited held its 14th Annual General Meeting on September 26, 2026, adopting the audited standalone financial statements for the fiscal year ended March 31, 2026.

The meeting, conducted through Video Conferencing and Other Audio-Visual Means, saw the reappointment of Girishkumar Premjibhai Jadvani as Whole Time Director and the appointment of M/s. H.A.Y. & Associates LLP as Statutory Auditors.

Meeting proceedings and attendance

The AGM commenced at 5:00 pm and concluded at 5:17 pm with 12 members present. Kishorbhai Premjibhai Jadwani served as Chairman cum Managing Director, while Piyush Jentibhai Dedakiya acted as Chief Financial Officer. The board also included Girishkumar Premjibhai Jadvani and Vijesh Premjibhai Patel as Whole Time Directors, alongside three independent directors.

Key resolutions passed

Shareholders considered three ordinary resolutions during the session:

The notice and directors' report were taken as read, with no qualifications or adverse remarks noted in the statutory or secretarial audit reports. E-voting results will be submitted to stock exchanges and posted on the company website.

Umiya Mobile reported a 67% year-on-year increase in net profit for FY26, reaching ₹919.37 crore. The multi-brand electronics retailer also saw its revenue from operations climb 49% to ₹8,360.97 crore, reflecting robust demand across its retail network.

The board approved the audited standalone financial statements on September 2, 2026, and scheduled the 14th annual general meeting for September 26, 2026. The meeting will address the adoption of financial results, the re-appointment of Mr. Girishkumar Premjibhai Jadvani as whole-time director, and the appointment of M/s HAY & Associates LLP as statutory auditors.

Financial Performance

Umiya Mobile’s financial results for the fiscal year ended March 31, 2026, highlight significant growth in both top-line and bottom-line metrics compared to the previous year.

Revenue from operations rose to ₹8,360.97 crore from ₹5,600.79 crore in FY25. Other income contributed ₹483.22 crore, up from ₹411.96 crore in the prior year. Total expenses increased to ₹8,721.25 crore from ₹5,938.51 crore, primarily due to higher purchases of stock-in-trade, which stood at ₹8,641.14 crore against ₹5,894.22 crore in FY25.

What the Numbers Show

The company’s net profit margin expanded significantly, driven by operational scale. While total expenses grew by approximately 47%, net profit surged by nearly 67%, indicating improved operating leverage. Additionally, the debt-to-equity ratio improved substantially, falling from 3.77 in FY25 to 1.20 in FY26, as short-term borrowings decreased sharply from ₹233.59 crore to ₹63.31 crore.

Annual General Meeting Details

The AGM will be conducted via video conferencing or other audio-visual means at 5:00 pm on September 26, 2026. Shareholders holding shares as of September 18, 2026, are eligible to vote. The e-voting window opens on September 23, 2026, at 9:00 am and closes on September 25, 2026, at 5:00 pm. M/s K.P. Ghelani & Associates has been appointed as the scrutinizer for the voting process.

The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026, inclusive of both dates.

Director Re-Appointment and Auditor Appointment

Mr. Girishkumar Premjibhai Jadvani, who holds 30,32,400 shares as of June 30, 2026, is up for re-appointment as whole-time director. He brings over 13 years of experience in trading electronic goods and accessories to the role.

The board recommended the appointment of M/s HAY & Associates LLP, Chartered Accountants, as statutory auditors for a term of five consecutive years, from the conclusion of the 14th AGM till the conclusion of the 19th AGM.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1P1A01018/c8f24b2a-5403-4cc2-8ac8-486a72ea8c8b.pdf