Trio Mercantile & Trading Ltd

Dematerialisation status

• Securities received for dematerialisation during the quarter ended 30 September 2026 were confirmed to the depositories.
• Securities dematerialised were listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register of members within prescribed timelines.

Trio Mercantile & Trading Ltd: Trading window closed for insiders from 1 October 2026 till 48 hours after the declaration of Audited Financial Results for the quarter ended September 30, 2026.

AGM details

• AGM held on 24-09-2026 at 2:00 PM; mode: video conferencing.
• Record date: 17-09-2026.
• Total resolutions passed: 11.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of audited financials and reports — passed.
• Resolution 2 (Ordinary): Reappointment by rotation — passed.
• Resolution 3 (Ordinary): Appointment of secretarial auditor — passed.
• Resolution 4 (Special): Executive director appointment — passed.
• Resolution 5 (Special): Chairman appointment — passed.
• Resolution 6 (Special): ED & CFO appointment including remuneration — passed.
• Resolution 7 (Special): Non-independent director appointment — passed.
• Resolution 8 (Special): Independent director appointment — passed.
• Resolution 9 (Special): Non-executive director appointment — passed.
• Resolution 10 (Special): Non-executive director appointment — passed.
• Resolution 11 (Special): Alteration of Memorandum of Association — passed.

Financial snapshot

• Total income from operations rose to 353462.46 in FY26 from 236898.55 FY25.
• Profit after tax: (5363.54) in FY26 vs (5432.11) in FY25.
• Earnings per share: (0.008) for FY26.
• Dividend for FY25-26: none declared.
• Net cash from operating activities: (366545.50).
• Equity share capital: 1,358,732.08; total equity: 2,380,557.50.

Operations & KPIs

• Revenue from operations: 275,528.39; total income: 353,462.46 (FY26).
• Purchases of stock-in-trade: 268,801.23.
• Exceptional items: 9,930.00.
• Current assets: 998,726.95; cash: 18,643.11; current liabilities: 394,230.09.
• Inventories: 24,810.79.

Capital structure & liquidity

• Long-term borrowings: 150,397.04.
• No bank loans during the year.
• Cash and cash equivalents: 18,643.11; total current assets: 998,726.95.
• Current liabilities: 394,230.09; equity and reserves: 2,402,382.92.

Governance & board changes

• Kaushik Jagannath Joshi appointed Chairman & Managing Director for 3 years from 22-Jul-2026; salary Rs 1,00,000/month.
• Radhika Kaushik Joshi appointed Executive Director & CFO for 3 years from 22-Jul-2026; Rs 50,000/month.
• Independent directors: Vikram Navin Vador, Dhruv Suresh Bhanushali, Kiran Ramchandra Shelke for 5 years from 22-Jul-2026.
• Jignesh Shailesh Tank appointed as Non-Executive Non-Independent Director from 14-Jul-2026.
• Resignations on 22-Jul-2026: Deepak Mehta, Bhadresh Shah, Nehul Chheda, Divya Poriya; CFO Hiren Kothari; CS Chetan Bohra.
• Alteration of MOA object clause to diversify business activities.

Audits, controls & risk

• Statutory auditor: Bilimoria Mehta & Co; no qualification.
• Secretarial Auditor: Bharat Prajapati & Co; five-year term proposed from FY2026-27.
• Secretarial audit observed delays in filing certain e-Forms; remedial actions noted.
• Internal financial controls deemed adequate; board oversight continues.
• Whistle blower policy in place; governance disclosures on website.

Contingent liabilities & litigation

• Income Tax Appellate Tribunal matter for AY 2014-15; High Court appeal filed by Department.
• CGST order dated 26 Mar 2026: demand of Rs 559,438; pending appeal.
• No contingent liability disclosed for above as of reporting date per notes.

Major corporate actions

• MOA alteration enables broad trading activities across numerous goods and services.
• Secretarial Auditor appointment approved; remuneration and tenure defined.
• Management Discussion & Analysis highlights market challenges and GST considerations.

AGM details

• 24 Sept 2026, 2:00 PM, via VC/OAVM
• Register of Members and transfer books closed 18-24 Sept 2026

Key resolutions

• Adopt Audited Standalone Financial Statements for FY2025-26
• Re-appoint Kaushik Jagannath Joshi as Director, retire by rotation
• Appoint Bharat Prajapati & Co. as Secretarial Auditor for 2026-31
• Appoint Kaushik Jagannath Joshi as Executive Director
• Appoint Kaushik Jagannath Joshi as Chairman and Managing Director for 3 years
• Appoint Radhika Kaushik Joshi as Executive Director & CFO for 3 years
• Appoint Jignesh Shailesh Tank as Non-Executive Non-Independent Director
• Appoint Kiran Ramchandra Shelke as Non-Executive Independent Director
• Appoint Vikram Navin Vador as Non-Executive Independent Director
• Appoint Dhruv Suresh Bhanushali as Non-Executive Independent Director
• Alter MOA object clause to include broader business lines

Secretarial auditor

• Appointment of M/s Bharat Prajapati & Co. as Secretarial Auditor for five years
• Remuneration Rs 3,00,000 plus taxes

MOA alteration and other

• Alter MOA to include broad objects and new activities
• Board authorized to file necessary forms for the change

MOA Change

• Alteration of MOA to change main object and diversify revenue generation.

Secretarial Auditor

• Shreya Shah resigns as Secretarial Auditor effective 31 August 2026.
• M/s Bharat Prajapati & Co appointed Secretarial Auditor effective 31 August 2026.

AGM & Book Closure

• Register of Members and Share Transfer Books closed 18-24 September 2026.
• 24th AGM for 2025-26 to be held 24 September 2026 via VC/OAVM.
• Draft Notice and Directors Report for the AGM approved.

Dematerialisation status

• Dematerialisation requests received during the quarter were confirmed to depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with depository named as registered owner within timelines.

Agenda

• Board meeting scheduled for Tuesday, 21 July 2026.
• Change Kaushik Joshi to Chairman & Additional Managing Director for 3 years (21.07.2026–20.07.2029), subject to AGM.
• Appoint Vikram Navin Vador as Independent Director (Non-exec) for 5 years from 21.07.2026 to 20.07.2031, subject to AGM.
• Appoint Dhruv Suresh Bhanushali as Independent Director (Non-exec) for 5 years from 21.07.2026 to 20.07.2031, subject to AGM.
• Appoint Kiran Shelke as Independent Woman Director (Non-exec) for 5 years from 21.07.2026 to 20.07.2031, subject to AGM.