Sun Retail Ltd

Dematerialisation status

• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted in records.
• No dematerialisation requests were received during the period.

AGM Details

• AGM held on 30 September 2026 from 02:00 PM to 02:16 PM via VC/OAVM.
• Quorum present; meeting chaired by Managing Director.

Ordinary Business

• Adopt the financial statements for the year ended 31 March 2026 with reports.

Special Business

• Issuance and allotment up to 46,98,32,000 fully convertible equity warrants on a preferential basis.
• Regularize appointment of Mrs. Khyati Bhavya Shah as Non-Executive Independent Director.
• Regularize appointment of Mr. Bharatbhai Kanjibhai Patel as Non-Executive Non-Independent Director.
• Regularize appointment of Mr. Sanjay Patil as Managing Director; approve remuneration terms.

Voting/Outcomes

• Voting results will be announced within 48 hours and uploaded on company and BSE websites.

Sun Retail Limited trading window closed from 01 October 2026 until 48 hours after the declaration of Unaudited Financial Results for the half year ended 30 September 2026.

AGM corrigendum highlights

• AGM scheduled on 30 Sept 2026 at 2:00 PM IST via VC/OAVM.
• Corrigendum confirms mode from physical venue to VC/OAVM.
• Original AGM Notice issued on 08 Sept 2026.

Financial snapshot

• Revenue from operations: 713.60 Lakh; down from 4,001.77 Lakh in 2024-25.
• Total income: 966.17 Lakh; down from 4,377.08 Lakh in 2024-25.
• Net profit after tax: (16.23) Lakh; prior year 16.31 Lakh.
• Basic EPS: (0.01); prior year 0.01.
• Current ratio: 3.42x; debt-equity ratio: 0.21x.
• Shareholders' funds: 1,646.85 Lakh; authorized capital: 6,250.00 Lakh; paid-up: 1,551.68 Lakh.
• Long-term borrowings: 104.64 Lakh; short-term borrowings: 246.59 Lakh.
• Net cash from operations: 182.50 Lakh; financing: (166.57) Lakh; investing: (23.20) Lakh.
• Dividend: no dividend proposed.

Balance sheet highlights

• Authorized capital: 6,250.00 Lakh; paid-up capital: 1,551.68 Lakh.
• Shareholders' funds: 1,646.85 Lakh; total assets: 2,501.61 Lakh.
• Long-term borrowings: 104.64 Lakh; current liabilities: 719.10 Lakh.
• Total equity and liabilities: 2,501.61 Lakh.

Cash flow & liquidity

• Net cash from operating activities: 182.50 Lakh.
• Net cash from financing activities: (166.57) Lakh.
• Net cash from investing activities: (23.20) Lakh.
• Cash and cash equivalents: 2.77 Lakh at year-end.

Capital structure

• Authorized capital: 6,250.00 Lakh; paid-up capital: 1,551.68 Lakh.
• Long-term borrowings: 104.64 Lakh; short-term borrowings: 246.59 Lakh.
• Debt-equity ratio: 0.21x; current ratio: 3.42x.

Operations & business

• Main business: trading refined edible oils; also skill development projects with Ashray Foundation.
• No fixed assets; company reports no property, plant or equipment.
• Listed on BSE SME; ISIN INE206Z01020.

Governance & audit

• MD: Sanjay Patil; CFO/WD Mori; Independent Directors Parmar and Kothari; Additional Director Sutaria.
• Statutory Auditor: DDS & Associates; qualified opinion noted.
• Secretarial Auditor: Himanshu Gupta & Associates; internal audit not appointed for FY2025-26.
• Remuneration: MD remuneration proposed subject to member approval; five-year term.

Risks & outlook

• Outlook: gradual efficiency improvements from ongoing strategic initiatives.
• Industry risk: dependence on edible oil imports; price volatility.
• Opportunities: domestic edible oil demand; potential expansion.

AGM Details

• AGM scheduled for 30 September 2026 at 2:00 PM via VC/OAVM.

Ordinary Business

• Adopt annual financial statements for year ended 31 March 2026 with reports.

Warrant Issue (Special)

• Pass special resolution to issue up to 46,98,32,000 warrants on a preferential basis.
• Warrants exercisable into equity shares within 18 months; price Rs 1 per warrant.
• Floor price determined at Rs 0.52 per share; valuation by registered valuer.
• Relevant date for floor price: 31 August 2026.
• Proposed allottees listed with categories and number of warrants.
• Board authorized to finalize documentation and appoint intermediaries.

Independent Director Regularization

• Regularize Khyati Bhavya Shah as Independent Director for five years.

Non-Independent Director Regularization

• Regularize Bharatbhai Kanjibhai Patel as Non-Executive Non-Independent Director.

MD Appointment & Remuneration

• Appoint Sanjay Patil as Managing Director for five years from 27 Aug 2026.
• Remuneration: Rs 6 lakh per annum, with up to 30% annual increment.
• Remuneration cap at 5% of net profits; overall cap 10%.
• Duties include confidentiality and no conflict of interest.
• Termination terms: three months' notice or payment in lieu.

Other Approvals & Disclosures

• Valuation report for preferential issue uploaded on company website.
• Promoters/directors not subscribing to warrants, except as disclosed.
• Warrant allotment to occur within 15 days of resolution, subject to approvals.
• Post-issue shareholding impact shown in explanatory statements.

Key approvals

• Appointed Ms. Khushboo Agrawal as Company Secretary & Compliance Officer from 08 Sep 2026.
• Approved issuance of 46,98,32,000 Fully Convertible Equity Warrants on preferential basis.
• Warrants convertible into equity shares at Rs 1 per warrant, within 18 months.

AGM and governance actions

• Board approved FY2025-26 Board Report and MD&A.
• 19th AGM fixed for 30 Sep 2026 via VC/OAVM.
• Notice and 19th Annual Report approved; NSDL named as e-voting agency.
• Scrutinizer appointed for remote e-voting; e-voting window 26-29 Sep 2026.
• Cut-off dates fixed: 04 Sep 2026 for notice dispatch; 23 Sep 2026 for shareholding eligibility.
• Reconstituted Audit, Nomination & Remuneration, and Stakeholders Relationships Committees.

CFO resignation details

• Name: Dharamjit Bhupatsinh Mori
• Effective date: close of business on 07 September 2026
• Reason: pre-occupation of work elsewhere
• Other material reasons: Not stated
• Board acceptance: not disclosed
• Transition/appointment: no transition details disclosed

Director appointments

• Sanjay Patil appointed Additional Director and designated Managing Director from 27 Aug 2026, subject to approval.
• Bharatbhai Patel appointed Additional Non-Executive Non-Independent Director from 27 Aug 2026, subject to approval.