Sanghvi Brands Ltd (540782)

Sanghvi Brands Ltd released its unaudited financial results for the half year ended September 30, 2026. Standalone shareholders' funds stood at ₹12.09 Cr (Rs 1,20,865.98 thousand) compared to ₹11.15 Cr as of March 31, 2026, driven by higher reserves. The statutory auditor issued an emphasis of matter regarding unprovided investments and loans to two Indian subsidiaries facing accumulated losses and negative net worth. Additionally, out of ₹18.96 Cr raised from IPO proceeds, ₹17.14 Cr has been utilized and ₹1.39 Cr remains pending.

• Shareholders' funds increased to ₹12.09 Cr as of Sep 30, 2026, from ₹11.15 Cr as of March 31, 2026
• Cash and bank balances stood at ₹3.17 Cr (Rs 31,748.88 thousand) as of Sep 30, 2026
• Auditor flagged an Emphasis of Matter on non-provisioning of investments and loans in two Indian subsidiaries with negative net worth
• IPO proceeds utilization reached ₹17.14 Cr out of ₹18.96 Cr, with ₹1.39 Cr pending utilization
• Re-appointed M/s S K Shah & Co. as Internal Auditors from Oct 1, 2026, to March 31, 2027, at a fee of INR 80,000

Sanghvi Brands Limited submitted its Statement of Deviation or Variation under Regulation 32 of SEBI LODR for the period ended September 30, 2026. The company confirmed that there was no deviation or variation in the utilization of funds raised through its public issue dated November 02, 2017. Total funds raised were ₹1,896.12 Lakhs, which were deployed in accordance with the stated objects in the prospectus. The Audit Committee reviewed the statement with no adverse comments from auditors.

• Total funds raised via public issue amounted to ₹1,896.12 Lakhs on November 02, 2017
• Nil deviation or variation reported in the use of proceeds for the half year ended September 30, 2026
• Audit Committee confirmed proceeds were utilised according to objects in the prospectus
• No comments or reservations reported by the statutory auditors

Sanghvi Brands Limited has issued the notice for its 16th Annual General Meeting (AGM) scheduled for Friday, September 18, 2026, at 02:30 PM via Video Conferencing. Key agenda items include adopting the FY26 audited standalone and consolidated financial statements, re-appointing director Mr. Narendra Rikhabchand Sanghvi, and appointing M/s. Komandoor & Co. LLP as statutory auditors for a 5-year term. The company reported FY26 consolidated net profit of Rs 1.58 cr (Rs 15,839.72 thousand) with a basic EPS of Rs 1.52.

• 16th Annual General Meeting scheduled for September 18, 2026, at 02:30 PM via VC/OAVM
• Consolidated FY26 net profit reported at Rs 15,839.72 thousand (Rs 1.58 cr) with basic EPS of Rs 1.52
• Proposed appointment of M/s. Komandoor & Co. LLP as Statutory Auditors for a 5-year term up to FY31 AGM
• Proposed appointment of Mr. Rohit Prakash Bafana as Independent Director for a 5-year term from May 21, 2026

Sanghvi Brands Ltd has scheduled its 16th Annual General Meeting (AGM) for September 18, 2026, to be conducted via video conferencing. The Board has approved the Annual Report for FY 2025-26 and recommended the re-appointment of Director Narendra Rikhabchand Sanghvi. Additionally, M/s S K Shah & Co. has been appointed as Internal Auditors for a specific six-month term from April 1, 2026, to September 30, 2026. The company remains a micro-cap entity with a market capitalization of Rs 13 Cr and a debt-free status.

• 16th Annual General Meeting scheduled for September 18, 2026, via video conferencing
• Internal Auditors M/s S K Shah & Co. appointed for the period April 1, 2026, to September 30, 2026
• Cut-off date for determining shareholder eligibility for remote e-voting set for September 11, 2026
• Book closure period defined from September 12, 2026, to September 18, 2026
• Remote e-voting window open from September 15 (9:00 AM) to September 17 (5:00 PM), 2026

Sanghvi Brands Ltd has scheduled a board meeting for August 10, 2026, to approve the Annual Report for the financial year 2025-26. The board will also finalize the notice and date for the 16th Annual General Meeting (AGM). Additionally, the meeting will consider the re-appointment of Director Narendra Rikhabchand Sanghvi, who is retiring by rotation. This is a routine administrative filing necessary for annual compliance and shareholder engagement.

• Board meeting scheduled for August 10, 2026, at 4:11 P.M. IST via video conferencing.
• Agenda includes approval of the Board's Report and Annual Report for FY 2025-26.
• The 16th Annual General Meeting (AGM) notice and e-voting agency appointment to be finalized.
• Recommendation for re-appointment of Mr. Narendra Rikhabchand Sanghvi (DIN: 02912085) as Director.
• Company reported FY26 revenue of ₹14.61 Cr and PAT of ₹1.58 Cr.