OthersReg. 34 (1) Annual Report
Sanghvi Brands Limited 2025-26: robust consolidated turnover, improved PAT, governance updates, and notable audit remarks
Financial performance
- Standalone revenue 91,155.76k; up from 85,194.16k.
- Consolidated turnover 1,46,142.82k; up from 1,21,986.56k.
- Standalone PAT 8,500.13k; down from 10,869.77k.
- Consolidated PAT 15,839.72k; up from 10,126.72k.
- Dividend not declared for FY2025-26.
- Transferred profit to reserves: 8,500.13k.
- Paid-up capital: 1,04,15,880 shares; no change.
- Standalone cash and cash equivalents at year-end: 12,170.21k.
Subsidiaries & operations
- Standalone Sanghvi Beauty & Salon Pvt Ltd revenue 54,783.18k; PAT 7,614.23k.
- Standalone Sanghvi Fitness Pvt Ltd revenue 813.28k; PAT loss 129.44k.
- Sri Lanka Sanghvi Brands SL Pvt Ltd had no revenue in FY2025-26.
- Consolidated subsidiaries include Sanghvi Beauty & Salon Pvt Ltd, Sanghvi Fitness Pvt Ltd, Sanghvi Brands SL Pvt Ltd.
Dividends & capital allocation
- Dividend not recommended; retention for growth.
- Profit transferred to reserves: 8,500.13k.
Governance & board changes
- Mr. Rohit Prakash Bafana appointed Independent Director for five years (May 21, 2026–May 20, 2031).
- Mr. Carlton Pereira resigned on February 5, 2026.
- M/s Komandoor & Co. LLP appointed as Statutory Auditors for five years (2026–2031).
- Board committees include Audit, Nomination & Remuneration, and Stakeholders Relationship committees.
Audit & internal controls
- Independent Auditor's Report notes a material weakness in accrual and recording of expenses.
- Management reports good recovery and going-concern basis; no material going-concern risk identified.
- Annexure A highlights no impairment recognized for Sanghvi Beauty & Salon Pvt Ltd despite losses.
- Secretarial audit reports no qualifications; Annexure IV submitted.
Risks & outlook
- Outlook positive amid wellness industry growth and premium brands expansion.
- Risks include macro slowdown, inflation, FX fluctuations, regulatory changes, and brand-partner dependence.
- Strategic focus on partnerships, technology-driven efficiencies, and disciplined cost management.
Other disclosures & governance
- AGM scheduled as 16th AGM; through VC/OAVM on Sep 18, 2026.
- Dematerialised shares; depositories NSDL & CDSL appointed.
- CSR committee not required for SME-listed company per policy; CEO/CFO certification attached.
- Management and governance policies disclosed on company's website.