Singer India Limited has successfully completed its preferential share allotment process, with 5,63,578 equity shares allotted to VSM Group Aktiebolag, a non-promoter entity. This follows the shareholder approval obtained through the postal ballot process that concluded in December 2025.

Share Allotment Completion

The company has formally completed the allotment of equity shares following the successful postal ballot resolution. The allotment was made to a single entity from the non-promoter category, slightly below the maximum approved limit.

Postal Ballot Resolution Background

Singer India Limited had sought shareholder approval for a special resolution regarding the issuance of up to 5,65,397 equity shares to entities belonging to the non-promoter category on a preferential basis. The postal ballot notice was issued on November 12, 2025, initiating the formal approval process.

E-Voting Process and Results

The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform from November 13, 2025, to December 12, 2025. The voting results demonstrated strong shareholder support with 145 members participating, collectively holding 25,48,37,580 shares.

Regulatory Compliance and Corporate Impact

The entire process was conducted in compliance with Section 108-110 of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Varuna Mittal Associates, Company Secretaries, served as the scrutinizer for the e-voting process, ensuring transparency and regulatory adherence.

The completion of this preferential share allotment represents a strategic capital raising initiative by Singer India Limited. The company has formally notified BSE Limited about the successful completion of both the postal ballot process and the subsequent share allotment, maintaining full transparency for all stakeholders.

Singer India Limited , a renowned name in the sewing machine and home appliance industry, has reported impressive financial results for the second quarter, marking significant growth and strategic developments.

Financial Highlights

The company delivered a robust 30% year-on-year revenue growth in Q2. More notably, Singer India nearly tripled its Profit Before Tax (PBT) from Rs. 1.67 crores to Rs. 5.22 crores, showcasing a remarkable improvement in profitability.

Segment-wise Performance

Sewing Machines

The sewing machine segment emerged as the primary growth driver, registering a substantial 45% growth. This surge was particularly evident in the ZigZag machine category, which saw a 34% increase in revenue. The company's e-commerce business for sewing machines continued its strong momentum, delivering over 40% growth in Q2.

Industrial Sewing Machines

Despite challenges faced by garment manufacturers due to higher tariffs imposed by the US, the Industrial Sewing Machine category achieved a 14% growth during Q2.

Appliances

The appliances business faced headwinds due to unfavorable weather conditions and inventory issues. Revenue in this segment declined by 17%, with gross margins falling by 340 basis points.

Strategic Developments

1. Manufacturing License for ZigZag Machines: Singer India has secured a manufacturing license for ZigZag machines in India, marking a significant milestone for the company. This development is expected to enhance the company's competitiveness and open up export opportunities through the SVP Worldwide network.

2. Preferential Investment: The company received a Rs. 4.50 crores preferential investment from VSM entity, a wholly-owned subsidiary of SVP Worldwide, the global owner of the Singer brand. This investment will be used to partly finance the expansion of manufacturing facilities and product development.

3. BIS Certification: Singer India has renewed its BIS license for the Jammu factory with new standards, strengthening its manufacturing capabilities.

4. Expansion Plans: The company plans to expand its Jammu facility and is considering a new greenfield project for high-technology products like ZigZag machines.

Future Outlook

Despite challenges in the appliances segment, Singer India remains optimistic about its growth trajectory. The company is focusing on expanding its fan category and leveraging its strong brand trust to capture market share in growing segments.

Mr. Rakesh Khanna, Vice-Chairman and Managing Director, commented, "We are confident that this is an upward trajectory and not one-off. Singer products are building traction more and more, and whatever actions we have been taking are showing results now."

As Singer India continues to innovate and expand its manufacturing capabilities, it is well-positioned to capitalize on the growing demand for sewing machines and home appliances in the Indian market.