Financial Performance Overview
Sandesh Limited reported strong financial results for FY 2025-26 with standalone revenue from operations growing 49.76% to ₹4,378.20 crores from ₹2,923.43 crores in the previous year. However, net profit declined to ₹674.03 crores from ₹774.57 crores, reflecting margin pressure despite revenue growth. The consolidated performance showed similar trends with revenue of ₹4,397.04 crores and net profit of ₹658.43 crores.
Dividend Declaration and Capital Structure
The Board recommended a final dividend of ₹5.00 per equity share for FY25-26, doubling from the ₹2.50 per share paid in the previous year. The record date for dividend payment is set for August 14, 2026, with payment to be made on or before October 12, 2026. The company maintains a strong balance sheet with total assets of ₹14,518.90 crores (standalone) and investments worth ₹10,017.35 crores.
83rd Annual General Meeting Details
The company will convene its 83rd AGM on September 15, 2026, through video conferencing to adopt the FY26 financial statements and consider several key resolutions. Important agenda items include the re-appointment of Falgunbhai C. Patel as Chairman and Managing Director for five years until March 31, 2032, with remuneration not exceeding ₹7 crore per annum, and approval for creating mortgage/charge for borrowings up to ₹1,500 crore.
Voting Process and Shareholder Participation
Electronic voting will be conducted via NSDL from September 12-14, 2026, with e-voting available during the AGM on September 15. The cut-off date for determining voting eligibility is September 9, 2026. M/s. Sparsh Gupta & Co. has been appointed as scrutinizer to verify the voting process, with results to be declared within two working days post-meeting.
Regulatory Compliance and Governance
The company demonstrated full compliance with SEBI Listing Obligations and Disclosure Requirements, Companies Act provisions, and MCA circulars. Auditors Manubhai & Shah LLP issued an unmodified opinion on both standalone and consolidated financial statements, confirming compliance with Indian Accounting Standards. Key audit matters included accuracy of advertisement revenue recognition and valuation of investments totaling ₹10,017.35 crores.
Corporate Developments and Subsidiary Update
The company disclosed the amalgamation scheme for its wholly-owned subsidiary Sandesh Digital Private Limited, which reported revenue of ₹209.47 lakhs and loss of ₹155.96 lakhs. Promoters hold 74.81% of the share capital, with 99.56% of shares held in dematerialized form. The company also reported adequate internal financial controls and CSR expenditure of ₹191.58 lakhs against the required ₹175.94 lakhs.