We wish to inform you that in compliance with Regulation 30 read with Schedule III Part A and Regulation 47 of SEBI (LODR) Regulations 2015, the Company has published the Audited Financial ....
RESULTS
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MEDIUM RISK
📅 Filed on BSE: 28 Apr 2026, 06:47 PM IST · BSE ID: 356cb9bd-68dd-4a4b-8ac3-dff727f49925
View Original BSE Filing (PDF)
💡
In Simple Terms
Sejal Glass reported year-end results showing strong revenue growth of 64% to Rs. 40,135.60 Lacs, boosted by its April 2025 acquisition of Glasstech's glass manufacturing business.
🤖 AI Summary
- Consolidated FY26 revenue Rs. 40,135.60 Lacs, up 63.7% from Rs. 24,495.34 Lacs in FY25.
- Consolidated net profit after tax Rs. 2,903.06 Lacs in FY26 versus Rs. 1,103.02 Lacs in FY25.
- Glasstech Industries acquisition executed April 10, 2025 — slump sale including two manufacturing plants.
- Preferential equity issuance Rs. 72.15 Crores plus warrants Rs. 22.2 Crores raised during FY26.
- Standalone results show year loss Rs. 193.29 Lacs before tax; consolidated figures include subsidiary and associate.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Total Income from Operations FY26
Rs. 40,135.60 Lacs
63.7%
Consolidated Total Income from Operations FY25
Rs. 24,495.34 Lacs
Consolidated Net Profit After Tax FY26
Rs. 2,903.06 Lacs
163.2%
Consolidated Net Profit After Tax FY25
Rs. 1,103.02 Lacs
Standalone Net Loss Before Tax FY26
Rs. 193.29 Lacs
Preferential Equity Issuance
Rs. 72.15 Crores (13,00,000 shares @ Rs. 555/share)
Convertible Warrants Issuance
Rs. 22.2 Crores (4,00,000 warrants @ Rs. 555/warrant)
Glasstech Acquisition Completion Date
April 10, 2025 (Business Transfer Agreement — slump sale)
Paid-up Equity Share Capital (Face Value Rs. 10/- each) FY26
Rs. 1,140.00 Lacs
Consolidated EPS (Basic) FY26
Rs. 27.42
Consolidated EPS (Basic) FY25
Rs. 10.85
Consolidated Total Comprehensive Income FY26
Rs. 3,594.64 Lacs
Consolidated Total Comprehensive Income FY25
Rs. 903.27 Lacs
🏢 How This Affects the Company
Acquisition of Glasstech Industries added two manufacturing plants (Taloja, Maharashtra and Erode, Tamil Nadu) with complete technical know-how, IP rights, brand, customer and vendor relationships. Consolidated revenue rose 63.7% to Rs. 40,135.60 Lacs in FY26.
Consolidated net profit after tax increased 163.2% to Rs. 2,903.06 Lacs in FY26 from Rs. 1,103.02 Lacs in FY25. Company raised Rs. 72.15 Crores via preferential equity and Rs. 5.5 Crores (25% upfront) from warrant issuance for acquisition financing.
Acquisition included transfer of employees, manufacturing assets, and customer relationships across two state locations. New Labour Codes effective November 21, 2025 resulted in increased employee benefit provisions recognized in Q4/FY26 profit-and-loss statement.
Standalone results show loss of Rs. 193.29 Lacs before tax for FY26, indicating parent company operating challenges separate from acquisition-driven consolidated gains. Integration execution risk embedded in post-acquisition period financial performance.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should review detailed standalone vs. consolidated comparisons on company website at https://www.sejalglass.co.in/newspaper-publications.html to understand parent company operating performance separately from acquisition impact.
👤
Who Is Affected
All shareholders hold restructured capital: equity increased via preferential issuance of 13,00,000 shares at Rs. 555/share (Rs. 72.15 Crores) and 4,00,000 convertible warrants. Paid-up capital rose from Rs. 1,010.00 Lacs to Rs. 1,140.00 Lacs.
🔍
Management Signal
Capital raise and acquisition execution signal management intent to grow through inorganic expansion; simultaneous standalone losses indicate parent entity requires operational turnaround alongside integration delivery.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
FY27 Q1 results (Sept 2026) — track standalone profitability recovery post-acquisition integration.
Warrant exercise announcements — monitor conversion of 4,00,000 convertible warrants affecting equity dilution.
Acquisition synergy realization — verify revenue growth from Glasstech Taloja and Erode plants in FY27.
MEDIUM RISK
Standalone losses signal operational stress; associate company switched to cash accounting reducing transparency; acquisition integration success remains unproven; comparable period disclaimers limit YoY analysis reliability.
💡 Investor Takeaway
Consolidated FY26 revenue reached Rs. 40,135.60 Lacs (up 63.7% YoY) and net profit after tax Rs. 2,903.06 Lacs (up 163.2% YoY), primarily driven by Glasstech Industries acquisition completed April 10, 2025. However, standalone parent company reported FY26 loss of Rs. 193.29 Lacs before tax, signaling operational challenges independent of acquisition.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated revenue grew 63.7% to Rs. 40,135.60 Lacs in FY26 driven by Glasstech acquisition completed April 2025.
- Consolidated net profit after tax surged 163.2% to Rs. 2,903.06 Lacs in FY26 from Rs. 1,103.02 Lacs in FY25.
⚠️ Concerns
- Standalone results show FY26 loss of Rs. 193.29 Lacs before tax; company disclosed results not comparable to prior periods.
- Associates (Sejal Glass Ventures LLP) switched to cash basis accounting from April 2025, reducing transparency and accrual-basis reliability.
📅 Company Track Record
No prior BSE filings found for Sejal Glass Ltd. Company incorporated under CIN L26100MH1998PLC117437. Reg office: 173/174, 3rd Floor, Sejal Encasa, S.V. Road, Kandivali (West), Mumbai. Board approval April 25, 2026. Unqualified audit opinion issued by statutory auditors on March 31, 2026 results.
Based on publicly available historical data. For context only.