Corp. Action

Sharika Enterprises has called its 28th Annual General Meeting to adopt the financial results for the financial year 2025-26. The company reported a net loss of 7.71 Cr for FY26, compared to a profit of 0.97 Cr in FY25. Shareholders will vote on re-appointing Executive Director Mr. Sanjay Verma and approving managerial remuneration for him and Managing Director Mr. Rajinder Kaul, especially for periods of no or inadequate profit.

Each director's basic salary is 0.24 Cr per annum.

The company is strategically shifting its focus from lower-margin EPC projects to higher-margin automation and consultancy to improve future operational efficiency and profitability.