Avon Mercantile Limited will hold its 41st Annual General Meeting on Tuesday, September 29, 2026, at 1:00 pm. The meeting is scheduled to take place through Video Conference or Other Audio-Visual Means, with the registered office serving as the deemed venue.

The agenda includes the adoption of the audited financial statements for the year ended March 31, 2026. Shareholders will also consider the re-appointment of Mr. Gurvinder Pal Singh as a director, who retires by rotation and offers himself for re-election.

Voting Schedule

Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and conclude on Monday, September 28, 2026, at 5:00 pm. The cut-off date for remote e-voting eligibility is Tuesday, September 22, 2026.

Key Details

• Meeting Date: September 29, 2026
• Time: 1:00 pm
• Mode: Video Conference / Other Audio-Visual Means
• E-Voting Window: September 26, 2026 (9:00 am) to September 28, 2026 (5:00 pm)
• Cut-off Date: September 22, 2026

Avon Mercantile Ltd reported a net profit of ₹26.10 lakh for the quarter ended June 30, 2026, up from ₹17.98 lakh in the same period last year. Avon Mercantile also saw total income from operations rise 2.1% year-on-year to ₹120.43 lakh.

The company’s Board of Directors approved the unaudited standalone financial results at a meeting held on August 14, 2026. The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Total income from operations for Q1FY27 was ₹120.43 lakh, compared to ₹117.90 lakh in Q1FY26. On a sequential basis, revenue dipped slightly from ₹123.84 lakh in the preceding quarter (Q4FY26).

Net profit before tax and exceptional items remained consistent with post-tax figures at ₹26.10 lakh. This compares to a net profit of ₹26.47 lakh in Q4FY26.

What the Numbers Show

While revenue growth was modest at 2.1% year-on-year, net profit expanded significantly by 45.1%. This divergence suggests improved cost efficiency or margin expansion during the quarter, as operating income grew at a slower pace than bottom-line profitability compared to the prior year period.