Ghushine Fintrrade Ocean Ltd

Meeting Details

• Date/Time: 22 Oct 2026, 3:00 PM; Venue: Registered Office, Shop No-GF/27, Aagam Cross Rd, Surat.

Key Agenda Items

• To consider and approve half-yearly results for the half year ended 30.09.2026 with Limited Review Report.
• To consider leave of absence of directors, if any.
• To approve the minutes of the previous Board Meeting.

Other Notes

• Trading window closure periods not specified in the filing.

AGM Details

• Date: 26 September 2026; Time: 10:00 A.M.; Mode: physical venue.

Voting and attendance

• Voting conducted by show of hands at the venue; no e-voting facility.

Resolutions and outcomes

• Adoption of standalone financial statements for FY2025-26 with auditor's and director's report; passed unanimously.
• Reappointment of director by rotation – ALOKBHAI JAIN; passed unanimously.
• Appointment of auditor to fill casual vacancy; passed unanimously.
• Reappointment of Kusum Fulfagar as Independent Director; passed unanimously.

Directors and Auditors

• Director reappointment: ALOKBHAI JAIN by rotation; approved.
• Independent Director: Kusum Fulfagar reappointed.
• Auditor: appointment to fill casual vacancy.

Internal Auditor Appointment

• Internal Auditor appointed: M/s AADIL AIBADA & ASSOCIATES for FY2026-27, effective Sep 22, 2026, on Audit Committee recommendation.

CFO Resignation

• CFO Pavan Jain resigned effective close of business Sep 22, 2026 due to personal commitments.

New CFO Appointment

• CFO Samyak Alok Jain appointed for five-year term from Sep 22, 2026; following Pavan Jain's cessation.

Ghushine Fintrrade Ocean Ltd — Trading window closure begins 01 October, 2026 till end of 48 hours after completion of Board Meeting.

Financial highlights

• Revenue from operations: ₹563.96 lakhs in FY2025-26.
• Total income: ₹588.62 lakhs.
• Profit after tax: ₹1.44 lakhs; prior year ₹0.34.
• EPS (basic, continuing): ₹0.0291.
• Dividend: none declared for FY2025-26.
• Net cash from operating activities: ₹-54.20 lakhs.
• Financing activities: net ₹32.90 lakh increase in loans.
• Authorized capital raised to ₹32 crore; issued capital unchanged at ₹49.449 crore.
• Current ratio 2.30x; debt/equity 0.13x.

Business & operations

• Business: textiles and diamonds; embroidery, knitted fabric manufacturing.
• Single segment disclosed; no geography split provided.
• Board approved strategic pivot to construction, solar energy, agriculture, warehouses.
• MOA and Articles of Association amended via postal ballot on 10.03.2026.
• Issued capital remains 49,44,900 shares; equity share capital ₹4.9449 crore.
• Listed on BSE SME; trading resumed after prior suspension.

Capital structure & financing

• Authorized capital increased to ₹32 crore; issued capital unchanged.
• Related-party loans outstanding: ₹64.98 lakh; major balances include Alok Jain ₹49.36 lakh.
• Remuneration to directors: Alok Jain ₹5.30 lakh; Ambica Sharma ₹2.40 lakh; Bhagirath Vaishnav ₹0.32 lakh.
• No sweat equity, ESOPs, or buybacks during FY2025-26.
• Investment in Mercury Ventures Pvt Ltd via loan conversion: ₹20 lakh.

Governance & board changes

• Sagar Kumbhani appointed independent director w.e.f 03.02.2026.
• Kusum Fulfagar reappointment proposed for 2026-31 term.
• Ashwini Bardoliya added as independent director 24.12.2024; Bhavini Lankapati resigned 03.02.2026.
• MD Alok Jain renamed CEO; CFO Pavan Sumermal Fulgar appointed 14.01.2026.
• Statutory auditor changed to ARGS & Associates; approval pending; former firm APMM & Co resigned 27.01.2026.
• Secretarial audit flagged governance gaps; board composition not compliant per MCA/SEBI LODR.

Audit & internal controls

• Auditors: ARGS & Associates appointed 03.02.2026; approval required under Companies Act.
• Secretarial audit by Jitendra R. Bhagat; internal audit not appointed; MCA disclosures noted.
• Internal financial controls reported adequate; no material weaknesses observed.
• Note confirms revenues recognized under Ind AS 115; audit procedures tested revenue controls.

Related party transactions & compliance

• All related party transactions are arm's length and ordinary course, per Form AOC-2.
• Annexure III details related party transactions; disclosures consistent with applicable Laws.
• Loans and advances to related parties disclosed; balances summarized in annual report.

Risks, regulations & outlook

• Outlook: pivot to construction and renewable energy sectors; growth potential present amid policy risk.
• Regulatory penalties and prior trading suspension highlight governance and compliance risk.
• Listed on SME platform; various MCA/SEBI compliance matters under scrutiny.

AGM Details

• AGM scheduled for 26 September 2026 at 10:00 AM at the registered office (physical).

AGM date and book closure

• AGM date confirmed as 26 September 2026 at 10:00 AM.
• Equity share book closure from 20 September 2026 to 26 September 2026 (inclusive).
• Record date/cut-off fixed at 19 September 2026.
• Board approved AGM date and book closure at 31 August 2026.

Key decisions

• Board approved the Board Report for the financial year ended 31 March 2026.
• Notice convening the AGM approved.
• AGM scheduled for 26 September 2026 at 10:00 AM at the registered office.
• AGM cut-off date fixed as 19 September 2026.
• Book-closure dates fixed from 20 to 26 September 2026.

Meeting Details

• Date of board meeting: 31 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the Board Report for the financial year ended 31.03.2026.
• To fix day, date, time and venue for the AGM.
• To approve the notice convening AGM.
• Any other business with the permission of Chair.

Other Notes

• No trading window details disclosed in filing.

Ghushine Fintrrade Ocean Ltd — Trading Window closes from 24 August 2026 till end of 48 hours after completion of Board Meeting