Shlokka Dyes Ltd

Shlokka Dyes Ltd has filed its notice for the 5th Annual General Meeting (AGM) and the Annual Report for the financial year 2025-26. The AGM is scheduled for Thursday, September 24, 2026, at 11:30 AM IST and will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with MCA and SEBI circulars. The Annual Report and AGM Notice are being disseminated electronically to members with registered email addresses and via a web-link for others. Both documents are also available on the company's website (www.shlokkadyes.com) and BSE's website (www.bseindia.com). The report includes detailed sections on company information, directors' report, financial statements, and various annexures.

Shlokka Dyes Ltd has filed the Notice of its 5th Annual General Meeting (AGM) and the Annual Report for the financial year 2025-26. The AGM is scheduled for Thursday, September 24, 2026, at 11:30 AM IST and will be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with MCA and SEBI circulars. The Annual Report and AGM Notice are being disseminated via email to members with registered email addresses and through a web-link for others. Both documents are also available on the company's website (www.shlokkadyes.com) and BSE India's website (www.bseindia.com). The report includes detailed sections on company information, directors' reports, financial statements, and various annexures.

Shlokka Dyes Ltd has disclosed deviations in the utilization of its Initial Public Offering (IPO) proceeds for the quarter ended June 30, 2026. The Monitoring Agency Report, issued by Crisil Ratings Limited, highlights a 10-25% deviation range. Key deviations include Rs 1,256.83 lakh excess utilization for Working Capital against prospectus allocation, impacting funds for Capital Expenditure, Debt Repayment, General Corporate purposes, and Offer expenses. Additionally, Rs 187.03 lakhs were utilized for different machinery vendors, and Rs 110.11 lakhs for unspecified civil work. The company also paid Rs 367.00 lakhs for lead manager fees to 'Somani Ventures and Innovations Limited' instead of the disclosed 'Interactive Financial Services Limited'. The company is voluntarily complying with SEBI regulations as an SME-listed entity.

Shlokka Dyes Ltd has approved the acquisition of the business of Equinox Impex (EI) on a slump sale basis for an aggregate cash consideration of ₹3,67,49,248.90. The acquisition includes the business undertaking for ₹2,23,24,031.81 and the trademark for ₹1,44,25,217.09. Equinox Impex, a sole proprietorship of Mr. Vaibhav Pravinchandra Shah, is engaged in manufacturing dyes, chemicals, and colorants for textile, paint, and paper industries, with a turnover of ₹47.01 crores for FY 2025-2026. Notably, Mr. Vaibhav Pravinchandra Shah is the Managing Director of Shlokka Dyes Ltd, making this a related party transaction. However, the transaction is conducted on an arm's length basis and falls within the materiality thresholds, thus not requiring shareholder approval. The acquisition aims for business synergy and is expected to enhance Shlokka Dyes' market presence.

Shlokka Dyes Ltd reported deviations in the utilization of funds raised through its public issue. As of March 31, 2026, ₹1.90 crore was utilized for capital expenditure on plant and machinery against an original allocation of ₹6.13 crore. There was a deviation in working capital utilization, with ₹40.57 crore used against an original allocation of ₹28.00 crore. The company explained that delays in machinery procurement and the need for techno-commercial evaluations extended the deployment timeline. The audit committee reviewed the statement of deviation and variation, and the statutory auditors provided a certificate of fund utilization.

Shlokka Dyes Ltd's board approved the audited standalone financial results for the half year and financial year ended March 31, 2026, based on the Audit Committee's recommendation. M/s Patel & Panchal, Chartered Accountants, issued an auditor's report with an unmodified opinion on these results. The board meeting, where these results were approved, commenced at 03:30 PM (IST) and concluded at 04:15 PM (IST). The auditor's report highlights a matter of emphasis regarding deviations and non-compliance in the utilization of funds raised through the Initial Public Offering (IPO).

Shlokka Dyes Ltd has announced a Board of Directors meeting scheduled for May 27, 2026, to consider and approve the audited financial results for the half-year and financial year ended March 31, 2026. The board will also discuss any other matter with the permission of the chair.

Shlokka Dyes Ltd's Monitoring Agency Report reveals deviations in the utilization of IPO proceeds for the quarters ended December 31, 2025, and March 31, 2026. A qualified report by Crisil Ratings Limited highlights inconsistencies, including payments to an unapproved lead manager (₹3.67 million) and unexplained transfers of ₹21.79 million, with ₹18.72 million still pending recovery and reconciliation. The report also notes delays in providing necessary documentation by Shlokka Dyes.

Shlokka Dyes Ltd's Board of Directors, at its meeting on April 29, 2026, approved maintaining the company's books of account and other relevant documents at an additional location. This new site is "Shed No. C-42, G.I.D.C. Estate, Near Fire Station, Opp. Ambicanagar, Odhav, Ahmedabad – 382415, Gujarat," supplementing its Registered Office. This decision aligns with Section 128 of the Companies Act, 2013. The company will file the necessary e-Form AOC-5 with the Registrar of Companies.

Shlokka Dyes Ltd has announced the closure of the trading window for dealing in securities of the company by designated persons. The closure will be in effect from Wednesday, April 01, 2026, until 48 hours after the declaration of the financial results for the fourth quarter and financial year ending March 31, 2026. The exact date of the announcement of the financial results will be informed in due course.