Simandhar Impex Ltd (544662)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Simandhar Impex's revenue was ₹1.5 Cr, and net profit ₹0.1 Cr; the operating margin was 3.9%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹1.5 | — | — |
| Operating profit | ₹0.1 | — | from loss |
| Net profit | ₹0.1 | — | from loss |
| EPS (₹) | 0.20 | — | from loss |
| Operating margin | 3.9% | — | — |
📢 Recent Corporate Announcements
Simandhar Impex Limited announced that shareholders approved amendments to its Memorandum of Association (MOA) and adoption of new Articles of Association (AOA) at its 3rd AGM on September 28, 2026. The amendments broaden the main object clause to include trading, manufacturing, logistics, and acting as an operating-cum-holding company. Additionally, ancillary object clauses were expanded to enable borrowing and fund-raising activities. The company reported TTM revenue of ₹2 Cr and net worth of ₹3 Cr, showing minimal current business operations.
- Shareholders approved special resolutions at the 3rd AGM held on September 28, 2026, at 02:30 P.M.
- Altered Clause 3(a) of MOA to allow commodity trading, logistics, manufacturing, and operating as an Operating-cum-Holding Company
- Amended Clause 3(b) of MOA to permit broader borrowing, fund-raising, and banking operations
- Adopted a completely new set of AOA to align with the Companies Act, 2013 and SEBI LODR Regulations
Simandhar Impex Limited announced that shareholders approved the appointment of six directors at the 3rd AGM held on September 28, 2026. This regularizes the appointments of Executive Directors Amit Suresh Ninawe (also CFO) and Lalit Naresh Nagdev (also CEO) for a five-year term ending June 05, 2031. Additionally, two Independent Directors (Gaurav Patel and Manish Tarachand Pandey) were confirmed for a five-year term through June 29, 2031, alongside two Non-Executive Non-Independent Directors. The company operates on a micro-scale base, reporting TTM revenue of ₹2 crore and a net worth of ₹3 crore.
- Shareholders approved the appointment of 6 directors at the 3rd AGM on September 28, 2026
- Amit Suresh Ninawe approved as Executive Director for 5 years ending June 05, 2031
- Lalit Naresh Nagdev approved as Executive Director for 5 years ending June 05, 2031
- Gaurav Patel and Manish Tarachand Pandey confirmed as Independent Directors for 5 years ending June 29, 2031
- Chandraprakash Wadhwani (Promoter category) and Neha Hardeepsingh Narang appointed as Non-Executive Directors
Simandhar Impex released its FY25-26 Annual Report and AGM notice for September 28, 2026, disclosing a near-total reconstitution of its Board and Key Managerial Personnel. The company is seeking shareholder approval to expand its borrowing limits under Section 180(1)(c) up to ₹500 crore, alongside authorization to create security on assets up to ₹500 crore. This borrowing headroom is massive compared to the company's current financial base of ₹3 crore net worth and ₹2 crore TTM revenue. Following the cessation of former promoters and directors in June 2026, Lalit Nagdev has been appointed as CEO & Executive Director, and Amit Ninawe as CFO & Executive Director.
- Proposed increase in borrowing limit under Section 180(1)(c) up to ₹500,00,00,000 (₹500 crore)
- Proposed security creation limit on company assets up to ₹500,00,00,000 under Section 180(1)(a)
- Full management reconstitution post-FY26: Lalit Nagdev appointed CEO and Amit Ninawe appointed CFO
- 3rd Annual General Meeting scheduled for September 28, 2026 via Video Conferencing
Simandhar Impex has approved a comprehensive overhaul of its Memorandum and Articles of Association following a successful change in management control via an Open Offer. The company is expanding its 'Main Objects' to include manufacturing, processing, warehousing, logistics, and acting as an Operating-cum-Holding company. Given the company's current small scale with a TTM revenue of only ₹2 Cr and a net worth of ₹3 Cr, these structural changes are foundational for the new management's proposed business pivot. The amendments are subject to shareholder approval via a Special Resolution at the upcoming General Meeting.
- Board approved the alteration of Object Clause 3(a) and 3(b) on August 5, 2026, to enable a wider range of business activities.
- New scope includes trading, manufacturing, logistics, and distribution of various commodities in India and abroad.
- Company will now be authorized to act as an Operating-cum-Holding Company to manage subsidiaries, JVs, and SPVs.
- The changes follow the successful completion of the acquisition of control as per SEBI Takeover Regulations.
- Current TTM revenue is just ₹2 Cr, meaning any new business activity under these clauses will be highly material to the company's financials.
Simandhar Impex reported a sharp sequential decline in its financial performance for the quarter ended June 30, 2026. Revenue from operations fell to ₹7.63 Lakhs, a significant drop from ₹154.40 Lakhs reported in the preceding quarter (March 2026). The company swung to a net loss of ₹6.56 Lakhs for the quarter, compared to a profit of ₹6.18 Lakhs in Q4 FY26. This volatility follows the company's listing in December 2025 after a demerger of the jewelry business.
- Revenue from operations declined to ₹7.63 Lakhs in Q1 FY27 from ₹154.40 Lakhs in Q4 FY26.
- The company reported a Net Loss of ₹6.56 Lakhs for the quarter ended June 30, 2026.
- Other expenses of ₹13.94 Lakhs significantly exceeded the total revenue for the quarter.
- Paid-up equity share capital stood at ₹305.69 Lakhs as of June 30, 2026.
- Earnings Per Share (EPS) for the quarter was negative at ₹-0.02.
Simandhar Impex reported a net loss of ₹6.56 Lakhs for Q1 FY27, a sharp decline from the ₹6.18 Lakhs profit in the preceding quarter. The board has proposed a massive increase in borrowing and investment limits to ₹500 Cr each, which is approximately 166x the company's current net worth of ₹3 Cr. This follows a change in management control and includes a proposal to broaden the company's business objects to include manufacturing, logistics, and acting as an operating-cum-holding company.
- Proposed increase in borrowing limits from ₹100 Cr to ₹500 Cr, subject to shareholder approval.
- Proposed Section 186 limit for loans and investments set at ₹500 Cr.
- Reported a net loss of ₹6.56 Lakhs for the quarter ended June 30, 2026.
- Paid-up equity capital remains at ₹305.69 Lakhs (approx. ₹3.06 Cr).
- Broadening of Memorandum of Association to include trading, manufacturing, and logistics activities.
Simandhar Impex has scheduled a board meeting for August 5, 2026, to consider and approve its unaudited standalone financial results for the quarter ended June 30, 2026. The company is currently operating at a very small scale, with a TTM revenue of just ₹2 Cr and a net worth of ₹3 Cr. Investors will be closely watching if the revenue momentum from the March 2026 quarter (₹1.54 Cr) continues, as previous quarters in 2025 showed zero revenue. The results will include the limited review report from statutory auditors.
- Board meeting scheduled for August 5, 2026, to review Q1 FY27 results.
- Company reported a significant jump to ₹1.54 Cr revenue in the March 2026 quarter compared to zero in previous periods.
- TTM revenue stands at a modest ₹2 Cr with an operating margin of 1.3%.
- Promoter holding remains stable at 74.64% as of June 2026.
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