Sai Silks Approves FY Results, Fixes Dividend as AGM Scheduled for August 10
Sai Silks (Kalamandir) Ltd. announced several key outcomes following its Board of Directors meeting, which concluded on July 15, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, and finalized plans regarding the company's next Annual General Meeting (AGM).One of the major announcements is the fix for the final dividend of Rs. 1.50 per equity share, based on a face value of Rs. 2/- each. The meeting also set August 03, 2026, as the record date for this payment, subject to shareholder approval.
The company's Board approved the Directors Report concerning the financial year ending March 31, 2026. Furthermore, the board resolved to hold the 18th Annual General Meeting (AGM) on Monday, August 10, 2026. The AGM is scheduled to take place through Video Conference or other Audio Visual Means.
Key operational and compliance decisions made during the meeting included the appointment of a Scrutinizer to manage the electronic voting process for the 18th AGM, along with the approval of the Notice of the AGM.
Auditor Reappointment and Financial Performance
The Board also approved the reappointment of M/s Sagar & Associates, chartered accountants (FRN 003510S), as the Statutory Auditors for the second term spanning five consecutive years, beginning from the conclusion of the 18th Annual General Meeting and ending at the conclusion of the 23rd Annual General Meeting.The company reported its unaudited financial results for the quarter ended June 30, 2026 in ₹ Crores. The consolidated financial metrics across different operational periods are detailed below:
| Financial Metric | Year Ended Mar 31, 2025 (Audited) | Mar 31, 2026 (Audited) | Jun 30, 2026 (Unaudited) |
|---|---|---|---|
| Total Income (I+II) | 1,343.36 | 1,482.97 | 1,672.52 |
| Profit before tax | 201.10 | 140.92 | 189.55 |
| Net Profit (IX) | 142.72 | 1343.36* | 189.55 |
The company's financial results are primarily derived from the business of buying and selling textile and textile articles as a Retailer, operating within a single business segment. As of June 30, 2026, Sai Silks has no subsidiaries, associates, or joint ventures.
IPO Proceeds Utilization Details
Regarding the initial public offering (IPO) completed during FY 2023-24 involving 5,40,99,027 equity shares at an issue price of 5222 per Equity Share, the utilization and balance of the funds were noted. The amounts are presented in ₹ Crores:| Utilization Status | Unutilised Amount as of Jun 30, 2026 | Amount Utilized Up to Jun 30, 2026 | Amount to be Utilized as per Prospectus |
|---|---|---|---|
| Capital Expenditure (New stores) | 8.85 | 116.23 | 125.08 |
| Capital Expenditure (Warehouses) | 20.27 | 5.12 | 25.40 |
| Working Capital Requirements | -2.36 | 282.43 | 280.07 |
| Repayment/Pre-payment Borrowings | -0.00 | 50.00 | 50.00 |
| General Corporate Purpose (GCP) | 0.00 | 85.69 | 85.69 |
The IPO proceeds were intended for capital expenditure on 30 new stores totaling up to 1,42,500 units, two warehouses, working capital requirements, repayment or pre-payment of borrowings, and General Corporate Purpose (GCP).
KALAMANDIR Stock Price Movement
Shares of Sai Silks (Kalamandir) Limited edged higher in post-market trading today, closing at ₹99.77 after gaining 0.55%. The equity traded within an intraday range set between a low of ₹98.5 and a high of ₹102.5, recording a volume of 999,273 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.