Somi Conveyor Beltings Share Price Today

Somi Conveyor passes all resolutions at 26th AGM

All three ordinary resolutions passed with requisite majority at the 26th AGM. Adoption of FY26 financial statements received 89,34,395 votes in favour. Public shareholders cast 345 votes against director re-appointment and auditor remuneration. Promoters voted 100% in favour across all agenda items.

Somi Conveyor Beltings posts 8.63% profit drop in FY26 results

Net profit fell 8.63% YoY to ₹503.06 lakh in FY26. Revenue declined marginally by 0.49% to ₹10,074.43 lakh. Debt-equity ratio improved significantly from 0.28 to 0.17. Debtor days dropped sharply from 143 to 87 days. No dividend recommended; focus on capacity expansion.

Somi Conveyor Beltings net profit falls 50% in Q1FY27 on revenue slump

Somi Conveyor Beltings faced significant headwinds in Q1FY27, with net profit plunging 50.4% to ₹59.64 lakh due to a 40.5% revenue contraction. Despite a proportional drop in total expenses, rising material costs and slower inventory turnover pressured margins, while the debt-equity ratio improved to 0.19.

Somi Conveyor FY26 Net Profit Falls to ₹503 Lakh

Somi Conveyor Beltings reported a decline in net profit to ₹503.06 lakh for FY26 from ₹548.62 lakh in FY25, with revenue from operations at ₹10,074.43 lakh. For Q4 FY26, net profit dropped to ₹58.84 lakh on revenue of ₹1,729.21 lakh. The board appointed internal and cost auditors for FY27.

Somi Conveyor Beltings EGM: Director Re-appointment Passes with 100% Votes in Favour

Somi Conveyor Beltings Limited convened an EGM on May 6, 2026, at its Jodhpur office, where the sole agenda — re-appointment of Mr. Santosh Kumar Joshi (DIN: 08950339) as Non-Executive Independent Director for a second five-year term effective February 22, 2026 to February 21, 2031 — was passed as a Special Resolution with 100% shareholder approval, with all 8,927,822 votes cast entirely in favour across both remote e-voting and poll modes.

Somi Conveyor Beltings Submits Promoter Declaration Under SEBI Takeover Regulations for FY26

Somi Conveyor Beltings Limited filed promoter declarations under SEBI regulations for FY26, with promoters collectively holding 6960757 equity shares as of March 31, 2026. Seven promoter entities, led by Om Prakash Bhansali with 4417011 shares, confirmed no encumbrances during the financial year. The declarations were submitted to BSE and NSE on April 2, 2026, ensuring regulatory compliance.