Company Overview
The Southern Gas Limited (BSE: 509910) reported strong financial performance for FY 2025-26 alongside corporate governance updates and upcoming AGM details.
Financial Performance Highlights
FY26 standalone financial results showed significant improvement with net profit increasing 49% YoY to ₹270.42 lacs (₹2.70 crore) from ₹181.16 lacs in FY25. Revenue from operations grew 3.2% to ₹3,684.49 lacs (₹36.84 crore) while total comprehensive income reached ₹283.31 lacs. Profit before tax surged 56.3% to ₹367.36 lacs. Earnings per share stood at ₹1,259.15 (basic and diluted).
The company maintained a strong financial position with total assets of ₹3,665.55 lacs and equity of ₹2,709.94 lacs as of March 31, 2026. Key balance sheet items include property, plant & equipment of ₹1,185.53 lacs and financial assets (bank deposits) of ₹1,595.59 lacs.
Dividend Declaration
The Board recommended a final dividend of ₹60 per equity share (60% on face value of ₹100 each) for FY 2025-26, subject to shareholder approval at the upcoming AGM. This represents an increase from the previous year's dividend of ₹50 per share. The total dividend payout will amount to ₹13.50 lakhs.
Corporate Governance & AGM Details
The 62nd Annual General Meeting will be held physically on Monday, September 28, 2026, at 10:30 AM IST at the company's registered office in Goa. Business to be transacted includes adoption of audited financial statements, dividend declaration, re-appointment of Mrs. Yogita Gautam Pai Kakode, and appointment of Dr. Upendra Saulo Quenim Robolo as Non-Executive Director.
Remote e-voting will be available from September 25-27, 2026, through www.evotingindia.com. The Register of Members will remain closed from September 22-28, 2026.
Management Changes
Key appointments during the year included Dr. Upendra Saulo Quenim Robolo as Additional Director (Non-Executive, Non-Independent) effective February 6, 2026. Mr. Shekhar Madhukar Nagwekar was appointed as CFO effective June 7, 2025, and Mr. Roshan Varshney as Company Secretary & Compliance Officer effective August 13, 2025.
Operational Metrics
Revenue breakdown shows sales of manufactured goods at ₹2,952.96 lacs, sales of traded goods at ₹49.34 lacs, and other operating revenue (including cylinder handling charges and freight recovery) at ₹682.19 lacs. The company maintained healthy financial ratios with return on equity at 11.01% and net profit ratio at 7.69%.
Regulatory Compliance & Auditors
The company has complied with all applicable SEBI LODR Regulations and Companies Act requirements. Statutory auditors M/s. M. R. Hegde & Associates issued an unqualified audit report, while secretarial audit was conducted by M/s. Ankur Gandhi & Associates.
The company operates production units across multiple locations including Bengaluru, Bhadravati, Hubballi, Mysuru, Kozhikode, Kochi, Thiruvananthapuram, and Tiruchirappalli.