Sunlite Recycling Approves Final Dividend, Completes Stake Acquisition, Reports FY 2026 Results
Sunlite Recycling Industries Limited announced that its Board of Directors convened a meeting on April 27, 2026. The board considered and approved the audited financial results for the half year and the full year ended March 31, 2026.During the meeting, the board recommended a Final Dividend of 10% on Equity Shares for the Financial Year 2025-26. This dividend translates to Rs. 1/- (Rupee one only) per Equity Share, which has a face value of Rs. 10/- (Rupees Ten Only) each, subject to shareholder approval at the ensuing Fourth Annual General Meeting (4th AGM).
The company also appointed M/s RAVI PATEL & CO., Chartered Accountants, as Internal Auditors, and M/s P P AMIPARA & CO., Cost Accountants, as the Cost Auditor for the financial year 2026-27. Furthermore, the board regularized and approved the appointments of several key personnel, including Mr. Akshaykumar Heda as Chairman and non-executive director, Mr. Manish Heda as Executive Director, and Ms. Krisha Shah as Non-Executive Independent Director.
Financial Performance Highlights
The company presented its consolidated financial results for the half year and year ended March 31, 2026.| Particulars | Half Year ended 31 / 03 / 2026 (Audited) | Year ended 31 / 03 / 2026 (Audited) |
|---|---|---|
| Total Revenue (Lakhs) | 166,908.41 | 279,146.56 |
| Total Expenses (Lakhs) | 163,342.43 | 273,660.98 |
| Profit before tax (Lakhs) | 3,565.98 | 5,485.58 |
| Profit after tax (Lakhs) | 2,665.69 | 4,100.16 |
| Earnings per Basic Share (Rs) | 22.34 | 35.95 |
Capital Structure and Acquisitions
The company conducted significant fundraising activities during the financial year ended March 31, 2026.Preferential Allotment Details:
Sunlite Recycling Industries Limited raised a total of ₹1,706.51 Lakhs through a two-part preferential allotment:
1. Cash Allotment: 8,24,400 equity shares were allotted at a price of ₹207 per share, resulting in a cash inflow of ₹1,706.51 Lakhs. The proceeds were fully utilized as follows:
* Funding of Working Capital: ₹1,056.51 Lakhs.
* Acquisition of Sunlite Aluminium Private Limited (Approx. 13.00% Stake): ₹650.00 Lakhs.
2. Non-Cash Allotment: An additional 21,01,448 equity shares were issued at a price of ₹207 per share as consideration other than cash. The aggregate value of these shares was ₹4,349.99 Lakhs.
Together, the cash and share swap arrangement constituted the total purchase consideration for the acquisition of Sunlite Aluminium Private Limited.
Financial Position Summary
Consolidated Balance Sheet as at 31 March 2026(Amount in Lakhs)
| Particulars | Value (31 March 2026) |
|---|---|
| Total Equity and Liabilities | 23,548.22 |
| Total Assets | 23,548.22 |
| Property, Plant and Equipment and Intangible Assets | 2,808.69 |
| Goodwill on Consolidation | 4,249.44 |
| Inventories | 9,525.65 |
| Trade Receivables | 2,480.95 |
| Cash and Cash Equivalents | 100.34 |
Consolidated Cash Flow Summary (Year ended March 31, 2026)
(Amount in Lakhs)
| Activity | Amount (31 March 2026) |
|---|---|
| Net cash from operating activities | -44.15 |
| Net cash used in investing activities | -1,492.60 |
| Net cash used in financing activities | 1,632.77 |
| Net increase in cash and cash equivalents | 96.02 |
| Cash and cash equivalents at end of period | 100.34 |
The financial reports included the statement of audited standalone and consolidated financial results, alongside detailed balance sheets and cash flow statements for the respective periods.
SUNLITE Stock Price Movement
Shares of Sunlite Recycling Industries Limited are surging to ₹520 as of 2:08 PM, gaining 6.93% in live trading. The stock, which has moved on a volume of 45,600 shares, demonstrates powerful momentum while trading close to its 52-week peak of ₹529.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.
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