Sumedha Fiscal FY26 profit falls 64% despite income rise

Key update: profit slump alongside dividend timetable

Sumedha Fiscal Services Ltd has reported a steep year-on-year decline in profitability for the financial year ended March 31, 2026 (FY26), even as total income increased modestly. The company said standalone profit after tax (PAT) fell 64% to ₹2.3763 crore. In the same period, total income rose 4.58% to ₹110.2424 crore.

Alongside the financial update, the board has laid out the dividend and Annual General Meeting (AGM) schedule. It has recommended a final dividend of ₹1 per equity share of face value ₹10 each, subject to shareholder approval.

FY26 financial snapshot: income up, PAT down

The headline numbers show a clear divergence between income and bottom line. Total income increased to ₹110.2424 crore in FY26, while PAT contracted sharply to ₹2.3763 crore. The company described this as a significant contraction in profitability.

The disclosure, as summarised in the company’s communication, highlights that the profit decline happened despite a rise in income. No additional line-item drivers for the profit fall were provided in the shared text.

Dividend recommendation: ₹1 per share, same as last year

Sumedha Fiscal’s board has recommended a final dividend of ₹1 per equity share (face value ₹10), which it described as a 10% dividend payout. The company also noted that the per-share dividend amount is the same as the previous financial year.

The dividend remains subject to approval by shareholders at the upcoming AGM. The company also reiterated that dividend income is taxable in the hands of shareholders, in line with the Income Tax Act, and tax at source will be deducted as applicable.

Record date and payment timeline

The company has fixed Thursday, August 13, 2026 as the record date to determine members eligible for the FY25-26 final dividend. It also stated that, if approved at the AGM, the dividend will be paid within 30 days from the date of the AGM.

The communication also advised shareholders to ensure bank details and KYC are updated with their Depository Participants or the Registrar and Transfer Agent (RTA) to enable smooth electronic credit.

AGM details: virtual meeting on August 20, 2026

Sumedha Fiscal said its 37th AGM will be held on Thursday, August 20, 2026 at 11:00 AM IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), without physical presence at a common venue.

The company cited compliance with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, SEBI Listing Regulations, and the Secretarial Standard on General Meetings. The deemed venue for the AGM will be the company’s registered office.

Voting process: cut-off date and remote e-voting window

The company has fixed August 13, 2026 as the cut-off date for determining members eligible to vote or attend the AGM. Members attending through VC/OAVM will be counted for quorum under Section 103 of the Companies Act, 2013.

Remote e-voting is scheduled to open at 09:00 AM on Monday, August 17, 2026 and close at 5:00 PM on Wednesday, August 19, 2026. The company said members holding shares as on the cut-off date may cast their votes electronically during this period.

Electronic-only dividend payment for physical shareholders

Sumedha Fiscal said it has mandated that dividend payments to security holders holding shares in physical mode will be made only through electronic mode. For shareholders with physical folios, the company asked for KYC details including PAN, nomination details, contact information, mobile number, bank account details, and specimen signature to be furnished to the company or the RTA.

This requirement ties directly to the company’s stated objective of ensuring dividend credit is processed electronically.

Listing update: voluntary delisting from Calcutta Stock Exchange

Separately, the company said it voluntarily delisted its equity shares from the Calcutta Stock Exchange Ltd effective December 1, 2025, after receiving regulatory approvals. It added that the shares continue to be listed and traded on BSE Limited.

For investors, this is an operational update that clarifies where the stock remains available for trading, based on the company’s disclosure.

Preferential issue plan withdrawn; EGM cancelled

The company also disclosed that it withdrew its proposed preferential issue of 4,00,000 equity shares and 2,50,000 convertible warrants, initially valued at ₹2.66825 crore. The stated reasons were volatile market conditions and the proposed investor’s unwillingness to proceed.

As a result, the Extra-Ordinary General Meeting (EGM) scheduled for June 11, 2026, and the associated remote e-voting process were cancelled.

Key facts at a glance

Why the update matters for shareholders

For shareholders, the immediate watchpoints are procedural and time-bound. The record date of August 13, 2026 determines eligibility for the proposed dividend as well as voting rights for the AGM. The company’s electronic-only dividend payment requirement for physical shareholders also makes KYC readiness important to avoid delays.

The financial result headline is equally important. A 64% fall in standalone PAT despite a rise in total income signals pressure on profitability in FY26, based on the figures disclosed. In parallel, the company’s update that it remains listed on BSE after delisting from CSE clarifies the trading venue for investors.

What to track next

The next formal milestone is the 37th AGM on August 20, 2026, where shareholders will vote on the final dividend. If approved, the company has indicated the dividend would be paid within 30 days of the AGM date, after deduction of tax at source as applicable.

Investors and shareholders may also track the company’s subsequent disclosures for fuller FY26 financial statements and any follow-up communication on the withdrawn preferential issue, since the EGM for that proposal has already been cancelled.