Sidh Automobiles Limited Annual Report FY 2025-26 Summary

Key Financial Figures (Amounts in ₹ Lakhs)

Profit & Loss Statement:

  • Revenue from Operations: ₹20.81 (FY25: ₹29.16)
  • Other Income: ₹0.00 (FY25: ₹206.38)
  • Net Gain on Fair Value Changes: ₹0.03 (FY25: ₹107.16)
  • Total Income: ₹20.84 (FY25: ₹342.70)
  • Total Expenditure: ₹42.33 (FY25: ₹10.00)
  • Profit before Depreciation: (₹21.49) loss (FY25: ₹332.70 profit)
  • Net Profit after Tax: (₹21.49) loss (FY25: ₹275.93 profit)
  • Earnings Per Share (Basic/Diluted): (₹0.073) (FY25: ₹0.931)

Balance Sheet Highlights (as of March 31, 2026):

  • Non-Current Investments: ₹122.97
  • Long Term Loans and Advances: ₹292.50 (FY25: ₹80.61)
  • Cash and Cash Equivalents: ₹0.22 (FY25: ₹223.54)
  • Other Current Assets: ₹243.94
  • Total Assets: ₹659.67 (FY25: ₹665.14)
  • Share Capital: ₹296.23 (unchanged)
  • Reserves and Surplus: ₹260.62 (FY25: ₹282.11)
  • Short Term Borrowings: ₹2.00 (FY25: ₹0.00)
  • Other Current Liabilities: ₹42.73
  • Short Term Provisions: ₹58.08

AGM and Key Resolution

41st Annual General Meeting: Scheduled for Friday, September 11, 2026, at 12:00 PM IST at the Registered Office (R-13, S/F Greater Kailash-I, New Delhi - 110048).

Ordinary Business: To receive, consider, and adopt the audited standalone financial statements for FY ended March 31, 2026, and reports of Board of Directors and Auditors.

Special Business: To regularize the appointment of Mr. Shahabaz Nisar Ahmed Shaikh (DIN: 11735596) as Managing Director for a period of five years with effect from May 25, 2026.

Key Terms of MD Appointment:

  • The company has inadequate profits within the meaning of Section 198 of the Companies Act, 2013.
  • Accordingly, Mr. Shaikh shall not be entitled to any remuneration (salary, commission, perquisites, or otherwise) unless and until approved by members in accordance with Companies Act, 2013 and Schedule V.
  • The remuneration may be reviewed by the Board based on the recommendation of the Nomination and Remuneration Committee and, if considered appropriate, shall be placed before members for approval.

Board and Management Changes

Board Composition as of March 31, 2026:

  • Harvinder Singh (Director, DIN:00671894)
  • Rinku Saini (Independent Director, DIN:11059678)
  • Jubin Premji Gada (Independent Director, DIN:10820579)
  • Nilesh Harkesh Yadav (Independent Director, DIN:10518738)

Changes During the Year:

  • Mr. Shahabaz Nisar Ahmed Shaikh joined the Board as Managing Director & CFO on May 25, 2026 (after the year-end).
  • Mr. Anil Sharma (Managing Director) resigned effective February 19, 2025.
  • Mr. Deepak Kumar (Independent Director) resigned effective May 30, 2025.
  • Mr. Hari Mohan Gupta (Independent Director) resigned effective August 20, 2025.
  • Mr. Jignesh Keshav Barot (CFO) resigned effective February 19, 2025.
  • Ms. Dhananshree Bhaskar Patade was appointed (May 30, 2025) and later resigned (July 30, 2025) as Independent Director.
  • Ms. Rinku Saini was appointed as Independent Director on August 7, 2025.

Key Managerial Personnel (KMPs):

  • Mr. Shahabaz Nisar Ahmed Shaikh: Managing Director & CFO
  • Ms. Srishty Bansal: Company Secretary and Compliance Officer

Dividend

No dividend was recommended for the financial year ended March 31, 2026.

Share Capital

  • Authorized Share Capital: ₹30,00,00,000 divided into 3,00,00,000 equity shares of ₹10 each.
  • Issued, Subscribed, and Paid-up Capital: ₹2,96,23,000 divided into 29,62,300 equity shares of ₹10 each.
  • No change in share capital during the financial year under review.

Corporate Governance

  • The company stated that provisions of Corporate Governance under SEBI LODR Regulations are not applicable as the paid-up equity share capital was below ₹10 crore and net worth was below ₹25 crore as of March 31, 2026.
  • The company has established various Board committees: Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee.

Auditors

  • Statutory Auditors: M/s. B.M. Gattani & Co. (Chartered Accountants, FRN: 113536W)
  • Secretarial Auditors: M/s. Anuj Gupta and Associates (Company Secretaries)
  • The Auditors' reports contain no adverse remarks.

Other Material Disclosures

  • The company is an NBFC (Non-Banking Financial Company) engaged in NBFC activities.
  • No material changes or commitments affecting the financial position occurred between the year-end and the report date.
  • No significant material orders were passed by regulators/courts impacting the going concern status.
  • The company has not accepted any public deposits.
  • No fraud was reported by the auditors under Section 143(12) of the Companies Act, 2013.
  • The company has no subsidiaries, joint ventures, or associate companies.
  • Related party transactions were in the ordinary course of business and at arm's length.
  • The company had 2 permanent employees as of March 31, 2026 (1 Male, 1 Female).

Voting Information for AGM

  • The remote e-voting period begins on Tuesday, September 8, 2026, at 9:00 AM and ends on Thursday, September 10, 2026, at 5:00 PM.
  • The cut-off date for determining members entitled to vote is Friday, September 4, 2026.
  • Mr. Anuj Gupta (FCS 31025) has been appointed as the Scrutinizer to conduct the voting process.