Board approves audited results and overseas investment in UAE subsidiary
SEJALLTD · price
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Sejal Glass board approved audited standalone results for 9 months ended Dec 31, 2025. Revenue was Rs 79.48 crore with a net loss of Rs 2.27 crore versus a profit of Rs 4 crore in FY25. The audit supersedes earlier unaudited results. Purpose is to meet FEMA net worth norms for overseas investment in UAE subsidiary Sejal Glass and Glass Manufacturing Products LLC. Board also approved related party transactions and Rs 200 crore investment limits under Section 186, both needing shareholder approval via postal ballot.
Loss reported despite higher revenue; overseas expansion and related party deals need shareholder nod via postal ballot.