Sakuma Exports Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
SAKUMA · price
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Sakuma Exports reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results, approved at a board meeting on August 13, 2025. Standalone revenue from operations fell sharply to ₹31,928.36 lakhs from ₹52,042.48 lakhs in Q1 FY25, a drop of roughly 39% year-on-year, while standalone net profit declined about 70% to ₹133.96 lakhs from ₹454.76 lakhs. On a consolidated basis (including UAE, Singapore, Bahrain, and UK subsidiaries), revenue fell to ₹37,566.74 lakhs from ₹74,064.08 lakhs (~49% YoY decline) and net profit dropped to ₹165.18 lakhs from ₹568.59 lakhs. The statutory auditor M.L. Sharma & Co. issued an unqualified limited review report on both standalone and consolidated results. The board also approved re-appointment of the internal auditor, re-appointment of an independent director for a second term, and appointment of a new statutory auditor (Ramesh M Sheth & Associates) for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
The steep YoY decline in both revenue and profit is a negative signal for shareholders, reflecting weak trading volumes in agro commodities during the quarter despite the auditor's clean (unqualified) opinion. The proposed change of statutory auditor after the current limited review is also worth noting as a governance event.