Assam Entrade Limited appointed Mr. Sunil Kumar Gupta as an additional non-executive independent director during its board meeting on August 26, 2026. The appointment is subject to shareholder approval at the upcoming annual general meeting.

The board also approved the notice for the company’s 41st Annual General Meeting, scheduled for September 25, 2026. The meeting will be held via video conferencing or other audio-visual means in accordance with regulatory circulars.

Director Appointment Details

Mr. Gupta, a Fellow Chartered Accountant with over 30 years of experience in audit, taxation, and project financing, joins the board effective August 26, 2026. His term extends until the conclusion of the AGM in calendar year 2031 or for five consecutive years, whichever is earlier.

He serves as Senior Partner at M/s Sunil Rajjan & Associates and holds specialized certifications including ISA (ICAI) and NSE Financial Markets credentials. The Nomination and Remuneration Committee recommended his appointment, and he has no relationship with existing directors.

AGM and Corporate Governance Updates

The board approved several logistical details for the upcoming shareholder meeting:

• Book closure dates: September 19 to September 25, 2026 (both days inclusive)
• Cut-off date for voting entitlement: September 18, 2026
• Remote e-voting window: September 22 (9:00 am) to September 24 (5:00 pm), 2026

ABS Consultant Private Limited was authorized to conduct the AGM through video conferencing to ensure fair and transparent proceedings.

Additionally, the board considered and approved the Directors’ Report forming part of the Annual Report for FY26, along with the Corporate Governance Report and Management Discussion and Analysis Report.

Township Project Progress

The board took note of developments regarding the company’s 66.68-acre Integrated Township Project located in villages Singhpur Kachaar, Hindupur, and Sambhalpur in Kanpur Nagar, Uttar Pradesh.

Key milestones include:

• Grant of license for development by local authorities
• Approval of the Detailed Project Report by the Kanpur Development Authority
• Final layout plan approval received in February 2026

The company is developing the township as a lead member alongside six corporate partners.

Assam Entrade Limited reported a standalone net profit of ₹39.70 lakh for the quarter ended June 30, 2026, reversing a loss of ₹91.14 lakh recorded in the immediately preceding quarter. The company’s total income from operations rose significantly to ₹326.42 lakh, up from ₹188.43 lakh in the same period last year.

The financial results were filed with the stock exchanges on August 14, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The un-audited results were also published in Financial Express and Ek Din newspapers.

Financial Performance

The company’s revenue growth was accompanied by a sharp improvement in profitability metrics. While the firm posted a net loss before tax of ₹58.50 lakh in the quarter ended March 31, 2026, it achieved a pre-tax profit of ₹54.98 lakh in Q1FY26. This turnaround contributed to a basic earnings per share (EPS) of ₹2.76, compared to a negative EPS of ₹6.33 in the prior quarter.

Consolidated figures remained nearly identical to standalone results, with consolidated net profit after tax standing at ₹39.67 lakh for the quarter.

What the Numbers Show

The divergence between the current quarter’s performance and the previous quarter highlights a significant operational shift. In Q4FY25, the company incurred a substantial loss despite generating ₹182.65 lakh in revenue. In contrast, Q1FY26 saw revenue nearly double to ₹326.42 lakh, while simultaneously flipping the bottom line from a ₹91.14 lakh loss to a ₹39.70 lakh profit. This suggests that the recent revenue expansion has translated directly into improved margin efficiency, reversing the cost pressures or low-margin activity that characterized the end of FY25.

Shareholder Information

The company’s paid-up equity share capital remains unchanged at ₹143.98 lakh. Reserves, excluding revaluation reserve, stood at zero as of June 30, 2026, though the securities premium account includes ₹622.705 lakh. No dividend was declared for the quarter.