Shareholders Meeting-41st AGM of the Company Scheduled to be held on 17th July, 2026
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The Board of Elegant Marbles & Grani Industries Ltd approved the audited financial results for FY2025-26 (year ended March 31, 2026) and scheduled the 41st AGM for July 17, 2026. Total income grew 15.7% year-on-year to Rs 3,596.37 lakhs, but net profit fell 28.7% to Rs 335.14 lakhs from Rs 470.35 lakhs in the prior year. Basic EPS declined from Rs 15.87 to Rs 11.31. The statutory auditors issued an unmodified (clean) audit opinion. The company recorded an exceptional net loss of Rs 25.68 lakhs due to a debenture impairment reversal. Other comprehensive income turned deeply negative at Rs -2,341.53 lakhs (vs Rs +1,601.26 lakhs in prior year), likely due to mark-to-market losses on investments. Operating cash flow deteriorated to Rs -457.86 lakhs (negative) from Rs -90.92 lakhs. No going concern issues were raised. The board also approved re-appointment of CMD Mr. Rajesh Agrawal and MD Mr. Rakesh Agrawal (brothers, both promoters) for another 3-year term, subject to shareholder approval.
The stock may see muted reaction — revenue growth is positive but profit declined sharply due to margin compression and working capital stress. A clean audit provides some comfort, but the negative operating cash flow and sharp PAT decline are concerns. The promoter-family dominated board structure remains unchanged.