Notice of 91st Annual General Meeting of the Company to be held on Monday, September 8, 2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises has called its 91st AGM on Monday, September 8, 2025 at 12:30 PM via video conferencing. Members will vote on four items: adopting the FY25 audited financials, re-appointing Chairman & MD Tarun Sawhney (who retires by rotation), ratifying remuneration to Cost Auditors Mr Rishi Mohan Bansal for FY26, and appointing M/s Deepak Dhir & Associates as Secretarial Auditor for five years (FY26–FY30). Remote e-voting runs from September 5 (10 AM) to September 7 (5 PM), with September 1, 2025 as the cut-off date. The accompanying Annual Report reveals a sharp deterioration: revenue fell 42% to ₹268.34 crore (from ₹462.15 crore), driven by the distillery plant being shut for repairs and sugar sales volumes dropping 41%. Loss before tax widened to ₹18.54 crore (from ₹9.19 crore) on higher finance costs of ₹11.59 crore, and after a ₹26.06 crore tax hit from derecognising lapsed tax-loss benefits, the loss after tax ballooned to ₹44.60 crore, translating to EPS of ₹(84.95). No dividend has been declared. The company has been a subsidiary of Triveni Engineering & Industries Ltd (TEIL) since June 20, 2024, which holds 61.77%, and a Composite Scheme of Arrangement among TEIL, SSEL, and Triveni Power Transmission is under consideration.
Shareholders face another year without dividends as losses deepen on weak sugar volumes and a non-operational distillery. The appointment of a new long-tenure secretarial auditor and the ongoing composite scheme with TEIL signal continued corporate restructuring under the new promoter, which could be a key catalyst to watch for the stock.