Sakuma Exports Limited has informed the Exchange regarding Board meeting held on August 13, 2025. Revised Outcome is submitted herewith the earlier outcome had some inadvertent error
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Sakuma Exports filed a revised outcome of its August 13, 2025 board meeting after an inadvertent error in the earlier disclosure. The board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations fell sharply to Rs 31,928.36 lakhs from Rs 52,042.48 lakhs in the year-ago quarter, a drop of about 39%, while net profit slumped to Rs 133.96 lakhs from Rs 454.76 lakhs (down around 70%). Consolidated revenue declined nearly 49% to Rs 37,566.74 lakhs and consolidated net profit fell to Rs 165.18 lakhs from Rs 568.59 lakhs. The board also reappointed the internal auditor, reappointed an independent director for a second term, and appointed M/s Ramesh M Sheth & Associates as the new statutory auditor for a five-year term (FY26 to FY30), subject to shareholder approval. The statutory auditor M.L. Sharma & Co. issued an unqualified limited review opinion.
The sharply lower Q1 revenue and profits across both standalone and consolidated numbers reflect a weak start to FY26 and are likely to weigh negatively on the stock in the short term. The change of statutory auditor after M.L. Sharma & Co.'s long association is also worth tracking, though the unqualified review limits immediate governance concerns.