Board Meeting Details

The Board meeting was conducted at the company's registered office at C/O. Sumichem Corporation, 1-0, Dhannur Building, Sir P. M. Road, Fort, Mumbai - 400001 from 4:00 PM to 5:20 PM.

Key Decisions and Approvals

1. Financial Results: Approved and took on record the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report as per Regulation 33 of SEBI LODR Regulations, 2015.

2. Management Re-appointment: Approved the re-appointment of Mr. Sumish S. Mody (DIN: 00318652) as Managing Director for a further term of five consecutive years effective from November 1, 2026, subject to shareholder approval at the ensuing Annual General Meeting and other statutory/regulatory approvals.

3. Director Re-appointment: Recommended the re-appointment of Mr. Miten Sudhir Mody (DIN: 02422219) as Director who retires by rotation and is eligible for re-appointment at the ensuing AGM under Section 152(6) of the Companies Act, 2013.

4. AGM Documentation: Approved and adopted the Director's Report with all annexures and the Notice of the 39th Annual General Meeting.

5. Book Closure: Fixed the book closure period from September 23, 2026, to September 29, 2026 (both days inclusive) for the 39th AGM under Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI LODR Regulations, 2015.

6. Scrutinizer Appointment: Appointed Mr. Pankaj S. Desai as Scrutinizer for monitoring e-voting and voting at the 39th AGM through OAVM.

7. Secretarial Audit: Approved and adopted the Secretarial Audit Report issued by M/s. Pankaj S. Desai (COP 4098) for FY 2025-26 under Section 204 of the Companies Act, 2013.

8. Managerial Remuneration: Approved payment of managerial remuneration exceeding 11% of net profits.

9. Internal Auditor: Appointed Mr. Ajay Mehta as Internal Auditor for FY 2025-26.

10. Compliance Note: Took note of compliances under SEBI LODR Regulations for the quarter ended June 30, 2026.

11. AGM Schedule: Decided to hold the 39th AGM through OAVM/VC on September 29, 2026, at 11:00 AM and fixed the calendar of events.

Financial Results (Quarter Ended June 30, 2026)

  • Total Income: ₹1,533.52 lakh (Q1 FY26: ₹1,067.12 lakh)
  • Income from Operations: ₹1,516.18 lakh (Q1 FY26: ₹1,052.53 lakh)
  • Other Income: ₹17.34 lakh (Q1 FY26: ₹14.59 lakh)
  • Total Expenses: ₹1,515.38 lakh (Q1 FY26: ₹1,052.54 lakh)
  • Profit Before Tax: ₹18.14 lakh (Q1 FY26: ₹14.58 lakh)
  • Tax Expense: ₹5.05 lakh (Q1 FY26: ₹4.06 lakh)
  • Net Profit: ₹13.09 lakh (Q1 FY26: ₹10.53 lakh)
  • EPS (Basic & Diluted): ₹0.14 (Q1 FY26: ₹0.12)
  • Paid-up Equity Share Capital: ₹456.44 lakh (face value ₹5 each)
  • Other Equity: ₹1,131.06 lakh

Segment Reporting (Geographical)

  • Local Sales Revenue: ₹1,121.65 lakh
  • Export Sales Revenue: ₹394.53 lakh
  • Total Segment Assets: ₹1,183.62 lakh
  • Unallocable Assets: ₹2,400.34 lakh
  • Total Assets: ₹3,583.96 lakh

Shareholding Pattern (as of June 30, 2026)

  • Public Shareholding: 51.20% (46.74 lakh shares)
  • Promoter & Promoter Group: 48.80% (44.54 lakh shares)
  • Pledged/Encumbered Shares: NIL

AGM Calendar of Events

  • Benpos Date for Notice: August 28, 2026
  • Last Date for Notice Dispatch: September 7, 2026
  • Cut-off Date for E-voting: September 22, 2026
  • E-voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • AGM Date & Time: September 29, 2026 at 11:00 AM
  • Scrutinizer Report Submission: October 1, 2026
  • Result Declaration: October 1, 2026

Managerial Re-appointment Details (Annexure I)

  • Mr. Sumish S. Mody holds a double Bachelor degree in Business Management and Entrepreneurship from Nottingham Trent University, UK
  • Currently working as Senior Executive Finance at Vivid Global Industries Limited since August 2022
  • Relationships: Spouse - Ms. Meena Sumish Mody (Non-Executive Director); Brother - Mr. Miten S. Mody (Whole Time Director)
  • Not debarred from holding director office pursuant to any SEBI order