Sheetal Cool Products Limited delivered impressive financial performance in Q3FY26, reporting an 87% surge in net profit to ₹400.92 lakhs compared to ₹214.25 lakhs in the same quarter of the previous fiscal year. The company's revenue from operations also demonstrated strong growth, rising 25% to ₹6,388.07 lakhs from ₹5,101.33 lakhs in Q3FY25.

Financial Performance Overview

The company's quarterly results showcase significant improvement across key financial metrics. Total income for Q3FY26 reached ₹6,411.52 lakhs, marking a substantial increase from ₹5,103.75 lakhs in the corresponding quarter last year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Sheetal Cool Products maintained steady operational performance. Revenue from operations reached ₹23,269.17 lakhs compared to ₹22,775.82 lakhs in the corresponding nine-month period of FY25, representing marginal growth.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency during Q3FY26. Total expenses increased to ₹5,858.18 lakhs from ₹4,882.33 lakhs in Q3FY25, primarily driven by higher cost of materials consumed which rose to ₹4,760.21 lakhs from ₹3,664.06 lakhs. However, the company benefited from favorable inventory changes, recording a positive impact of ₹457.30 lakhs compared to ₹529.62 lakhs in the previous year.

Earnings Per Share and Capital Structure

Basic earnings per share for Q3FY26 improved significantly to ₹3.82 from ₹2.04 in Q3FY25, reflecting the strong profit growth. The company maintained its paid-up equity share capital at ₹1,050.00 lakhs with a face value of ₹10 per share throughout the reporting periods.

Board Approval and Compliance

The Board of Directors of Sheetal Cool Products Limited convened on February 12, 2026, at the company's registered office in Amreli, Gujarat, to approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The meeting commenced at 5:30 PM and concluded at 6:15 PM. The statutory auditors H.B. Kalaria & Associates conducted a limited review of these results, noting that no physical verification of inventory and cash equivalents was performed during their audit procedures.

Sheetal Cool Products Limited shareholders have unanimously approved the preferential issue of convertible warrants worth ₹26.68 crore at the Extraordinary General Meeting held on February 05, 2026. The resolution received 100% approval from shareholders who participated in the e-voting process, with 74,61,730 votes cast in favor and zero votes against the proposal.

EGM Voting Results

The voting results disclosed under Regulation 44 of SEBI LODR Regulations demonstrate strong shareholder support for the warrant issue:

The e-voting process was conducted from February 02, 2026 to February 04, 2026, with the cut-off date for eligible shareholders being January 29, 2026. A total of 30 members participated in the remote e-voting process, representing 71.06% of the total outstanding shares.

Approved Warrant Issue Details

The shareholders approved the issuance of convertible warrants to non-promoter entities with the following specifications:

Fund Utilization Strategy

The proceeds from the warrant issue will be deployed across strategic business expansion initiatives:

Regulatory Compliance and Documentation

Nayan Pitroda of M/s Pitroda Nayan & Co., Company Secretaries, served as the scrutinizer for the e-voting process. The scrutinizer's report confirmed the validity of all votes cast and the unanimous approval of the resolution. The voting results were disclosed to BSE Limited and National Stock Exchange of India Limited on February 06, 2026, in compliance with regulatory requirements.

The approved warrant issue represents a significant step in the company's expansion strategy, with the unanimous shareholder approval providing a strong mandate for management to proceed with the fundraising initiative.