AGM and Corporate Governance
SIS Limited convened its 42nd Annual General Meeting on July 6, 2026, seeking shareholder approval for audited financial statements and key management appointments. The company proposed executive remuneration revisions totaling ₹7.74 crore annually, including the appointment of Mrs. Rita Kishore Sinha as Executive Chairperson with ₹3.50 crore remuneration and revisions for Managing Director Mr. Rituraj Kishore Sinha (₹2.56 crore) and Whole-Time Director Mr. Arvind Kumar Prasad (₹1.08 crore). These approvals were necessitated by inadequate profits in FY26 due to a one-time exceptional item related to labor code implementation.
Financial Performance
SIS reported strong operational performance with 21% revenue growth to ₹15,982 crore and 19% EBITDA increase to ₹717 crore. However, the company recognized an exceptional item of ₹290.02 crore for incremental gratuity liability arising from new labor codes (Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety Code), reducing net profit to ₹137.81 crore. The company maintained solid capital management, reducing gross debt by ₹66.25 crore to ₹1,435.35 crore and achieving a net debt to EBITDA ratio of 0.99.
Business Operations and Acquisitions
The company completed two strategic acquisitions during FY26: a 51% stake in AP Securitas Private Limited for ₹71.29 crore with contingent consideration of ₹205.72 crore, and 100% of State Medical Assistance Holdings Pty Ltd for ₹13.07 crore to expand healthcare capabilities. SIS maintained its market leadership positions as #1 in Security Solutions in India and Australia, #1 in Facility Management in India, and #2 in Cash Logistics, operating across 61,000+ sites with 300,000+ employees.
ESG and Workforce Disclosure
SIS disclosed comprehensive BRSR metrics covering 181,565 workers with 100% coverage under PF, gratuity, ESI, and mediclaim benefits. The company reported safety incidents including 2 employee fatalities and 2 worker fatalities, with LTIFR rates of 0.059 and 0.024 respectively. Training programs achieved 240% coverage for workers with 435,016 health and safety trainings conducted. The company spent 0.40% of revenue on employee well-being measures and maintained 100% performance review coverage for both employees and workers.
Capital Structure and Returns
The company maintained a paid-up capital of ₹70.64 crore and completed a buyback of 37,12,871 shares at ₹404 per share totaling ₹150 crore. An interim dividend of ₹7 per share was declared, totaling ₹98.86 crore. ESOP grants resulted in issuance of 6,17,570 equity shares during FY26 under the ESOP 2016 scheme.
Regulatory Compliance and Outlook
The company received clean audit opinions from both statutory and secretarial auditors, with no qualifications or adverse remarks. SIS expects profitability improvement in the next financial year as the labor code impact was non-recurring. The company continues to maintain CRISIL AA-/Stable rating for its NCDs and demonstrates strong compliance with SEBI listing regulations and corporate governance requirements.