Company Overview
Superior Industrial Enterprises Limited (BSE: 519234, ISIN: INE843L01012) has issued its notice for the 35th Annual General Meeting scheduled for September 29, 2026, along with comprehensive financial results for FY26.
AGM Details and Corporate Actions
The AGM will be conducted via video conferencing on September 29, 2026, with book closure from September 23-29, 2026. Key agenda items include adoption of standalone and consolidated financial statements, re-appointment of Mr. Krishna Kumar Agarwal as Non-Executive Director, and ratification of Cost Auditor remuneration of ₹20,000 plus taxes for FY27. The company recommended no dividend for FY26 based on evaluation of long-term interests and future growth requirements.
Financial Performance Highlights
Standalone Performance: Revenue from operations stood at ₹1,301.43 lakhs (vs ₹1,305.58 lakhs FY25) with PAT of ₹108.26 lakhs (vs ₹79.94 lakhs FY25).
Consolidated Performance: Revenue declined to ₹4,043.39 lakhs (vs ₹4,390.67 lakhs FY25) with net profit of ₹136.47 lakhs attributable to owners (vs ₹764.52 lakhs FY25). The company recorded a significant fair value loss of ₹7,735.69 lakhs through Other Comprehensive Income due to the demerger of Moon Beverages Ltd., impacting overall comprehensive income which stood at (₹7,555.86) lakhs.
Corporate Structure Changes
Material changes include the cessation of Hindustan Aqua Private Limited as an associate company effective May 12, 2025, due to dilution of shareholding below threshold after non-participation in rights issue. Moon Beverages Limited was replaced by MMG Realtech Private Limited as promoter company due to a demerger scheme sanctioned by NCLT Allahabad Bench.
Investments and Capital Structure
Non-current investments valued at ₹5,950.59 lakhs include Hindustan Aqua Pvt Ltd. (₹4,933.39 lakhs, 35.97% holding), Moon Beverages Ltd. (₹248.07 lakhs, 11.52% holding), Metbrass Plassim India Ltd. (₹650.54 lakhs, 16.93% holding), and A.J. Shrink Wrap Private Limited (₹118.60 lakhs, 19.69% holding). Equity share capital remained unchanged at ₹1,385.00 lakhs (13,850,000 shares of ₹10 each).
Regulatory Compliance and Governance
The company maintains compliance with SEBI Listing Regulations and Companies Act, 2013, with adequate internal financial controls operating effectively. No material orders were passed by regulators/courts impacting going concern status, and no fraud was reported by auditors under Section 143(12) of Companies Act, 2013.
Management and Auditor Details
Key management includes Mr. Kamal Agarwal as Managing Director and Mr. Raushan Kumar Sharma as CFO. Statutory auditor S. Jain & Co. continues their appointment, with no qualifications or adverse remarks in the audit report.