Elegant Marbles Reports Solid Full-Year Profit and Board Appointments

Elegant Marbles & Grani Industries Ltd announced its financial results for the fiscal year ended March 31, 2026. The company reported a net profit of Rs 33.51 crore for the full year, and Rs 1.91 crore for the fourth quarter ending on the same date.

Key Financial Results

The company's Board of Directors approved the audited financial statements for the period. The full-year profit figure of Rs 33.51 crore reflects the company's performance over the twelve months. The fourth-quarter profit stood at Rs 1.91 crore.

Leadership Continuity

In addition to the financial results, the Board approved the proposed re-appointment of key management personnel. Mr. Rajesh Agrawal is slated for re-appointment as Chairman & Managing Director, and Mr. Rakesh Agrawal as Managing Director. Both appointments are for a further three-year term and require shareholder approval at the upcoming Annual General Meeting (AGM). Ms. Yogita Agrawal is also set for re-appointment as a Non-Executive Director.

M/s. Deepak Mehta & Associates have been appointed as the Internal Auditors for the upcoming fiscal year, FY27.

AGM Details Announced

The company has scheduled its 41st Annual General Meeting (AGM) for July 17, 2026. Shareholders are informed that the Register of Members and Share Transfer Books will be closed from July 11 to July 17, 2026, inclusive. The deadline for e-voting is July 10, 2026. The company's auditors, M/s. JD Pawar & Associates, issued an unmodified opinion on the financial statements.

What Investors Should Watch

Shareholders will vote on the re-appointments of Mr. Rajesh Agrawal and Mr. Rakesh Agrawal at the AGM. The company will continue its operational plans for FY27. The AGM will serve as a crucial forum for communication between the company's management and its shareholders, including discussions on dividends and future strategies.

Industry Outlook and Risks

The marble and granite industry's market conditions will influence Elegant Marbles' future performance. Procedural risks, such as obtaining shareholder approval for director re-appointments, are present. The company's strategic direction may also be influenced by its key management.

Key Metrics

• FY26 Net Profit: Rs 33.51 crore
• Q4 FY26 Net Profit: Rs 1.91 crore
• AGM Date: July 17, 2026
• Book Closure Period: July 11-17, 2026