Zenith Exports reported a net profit of ₹2.29 crore for FY26, up from ₹1.71 crore in the previous year, as it prepares for its 44th Annual General Meeting (AGM) on September 24, 2026. The meeting will address the adoption of audited financial statements and a special resolution to increase the remuneration of Managing Director Varun Loyalka.

Financial Performance

Revenue from operations declined to ₹646.83 crore in FY26, down from ₹721.03 crore in FY25. Despite the drop in operating income, profit before tax rose to ₹325.10 lakh from ₹240.76 lakh. Total assets stood at ₹979.60 crore, compared to ₹1,008.86 crore in the prior year.

What the Numbers Show

While revenue declined by approximately 10% year-on-year, profitability improved significantly. The company generated a profit before tax of ₹325.10 lakh in FY26 compared to a loss before exceptional items of ₹207.23 lakh in FY25. This turnaround occurred despite lower operating income, suggesting effective cost management or favorable non-operating adjustments during the period.

Board and Remuneration Changes

Shareholders will vote on a special resolution to revise Mr. Loyalka’s monthly remuneration from ₹1,26,800 to ₹1,76,800, effective August 12, 2026. This represents an annual increase of ₹6 lakh. The proposed annual remuneration of ₹21.22 lakh exceeds the five percent limit of net profits prescribed under Section 197(1) of the Companies Act, 2013, necessitating shareholder approval.

Mrs. Urmila Loyalka, a Non-Executive Woman Director, retires by rotation at the meeting and offers herself for re-appointment. The Board also noted several changes in independent director composition during the year, including the appointment of Mrs. Priyanka Poddar and Mrs. Rasna Goyal.

AGM Details

The record date for voting eligibility is Thursday, September 17, 2026. Remote e-voting begins on Monday, September 21, 2026, at 9:00 am and ends on Wednesday, September 23, 2026, at 5:00 pm. Members can participate via the NSDL e-voting system. No dividend was recommended for the year.

Zenith Exports will hold its 44th Annual General Meeting on Thursday, September 24, 2026. The meeting is scheduled to commence at 11:30 am and will be conducted exclusively through Video Conferencing or Other Audio Visual Means.

Meeting Details

The company confirmed the arrangement in a filing dated August 25, 2026, submitted to the National Stock Exchange of India Limited and BSE Limited. The notice complies with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders can attend the meeting and participate in e-voting through the NSDL e-voting system at www.evoting.nsdl.com . Members attending via VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013.

Voting and Record Dates

The share transfer registers will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026, to facilitate the meeting. Shareholders holding shares as on the record date of Thursday, September 17, 2026, are eligible to vote electronically.

Key dates for the process include:

Participation Instructions

The Notice of the AGM and the Annual Report for the financial year ended March 31, 2026, will be sent electronically to members with registered email addresses. Those without registered emails may request physical copies by sending scanned documents to the company secretary.

Remote e-voting credentials will be sent via email. Members who have not cast their votes remotely can do so during the live meeting. The voting module will be disabled after the meeting concludes.