Bindal Exports has scheduled its 19th Annual General Meeting for Tuesday, September 29, 2026, at 12:30 pm IST. The meeting will be held via video conference or other audio-visual means from the company’s registered office in Surat.

The board approved the annual report for FY26 and the AGM notice on September 7, 2026. The agenda includes ordinary business items such as adopting audited standalone financial statements and appointing a retiring director.

Key Agenda Items

Shareholders will vote on two ordinary business resolutions and one special resolution:

• Adoption of Financials: Receive, consider, and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, including the balance sheet and profit & loss statement, along with reports from the Board of Directors and Auditors.
• Director Re-appointment (Rotation): Appoint Mr. Anupam Ravindra Arya (DIN: 00287676) in place of his retirement by rotation under Section 152(6) of the Companies Act, 2013.
• Independent Director Re-appointment: Re-appoint Mr. Adityabhai Jagdishbhai Joshi (DIN: 07718831) as an Independent Director for a second and final term of five consecutive years, via a Special Resolution.

Voting Details

The company has fixed Friday, September 18, 2026, as the cut-off date to determine member eligibility for voting and attendance. The remote e-voting period runs from Saturday, September 26, 2026, at 9:00 am IST to Monday, September 28, 2026, at 5:00 pm IST.

M. D. Baid & Associates has been appointed as the scrutinizer to ensure a fair and transparent e-voting process. The voting results will be declared at the registered office upon receipt of the scrutinizer's report.

Director Profiles

Mr. Anupam Ravindra Arya Mr. Arya serves as the Whole Time Director and is responsible for the overall management of the company. He holds a Bachelor of Technology in Computer Engineering from Sardar Vallabhbhai National Institute of India, Surat, and post-graduation from the Indian Institute of Management Kozhikode. He was appointed as Executive Director in May 2016 and promoted to Whole Time Director in February 2024.

Mr. Adityabhai Jagdishbhai Joshi Mr. Joshi is a practicing Advocate with 16 years of experience in legal and corporate governance domains. He holds B.Com, LL.B, and LL.M degrees. Currently serving as an Independent Director since January 2019, he also holds directorships in H S India Limited, Shah Metacorp Limited, and Lords Ishwar Hotels Limited. The Board recommends his re-appointment based on his expertise and contribution to corporate governance.

Bindal Exports returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹28.10 lakh compared to a net loss of ₹98.60 lakh in the previous year. The turnaround was driven by a reduction in finance costs, which fell to ₹2.20 lakh from ₹27.22 lakh, and a decrease in other expenses. Revenue from operations for the year stood at ₹2,247.07 lakh, a decrease from ₹2,700.58 lakh in FY25. The Board of Directors approved the audited standalone financial results at its meeting held on May 30, 2026.

For the half year ended March 31, 2026, the company reported a net profit of ₹3.85 lakh on a total revenue of ₹972.93 lakh. In comparison, the half year ended September 30, 2025, recorded a net profit of ₹24.26 lakh with total revenue of ₹1,274.47 lakh. Total expenditure for the full year decreased to ₹2,214.09 lakh from ₹2,657.98 lakh in the prior year. The company’s earnings per share (EPS) for the year improved to ₹0.61 from a negative ₹2.14 in FY25.

Financial Performance

The statement of standalone audited financial results highlights the company's improved bottom line despite lower top-line growth. Key operational metrics for the year ended March 31, 2026, include:

Balance Sheet and Cash Flows

The company’s total assets increased to ₹1,188.48 lakh as of March 31, 2026, up from ₹1,079.90 lakh in the previous year. Inventories rose significantly to ₹374.61 lakh from ₹201.04 lakh, while trade receivables decreased. Cash and cash equivalents improved to ₹134.38 lakh from ₹59.37 lakh. Net cash generated from operating activities for the year was ₹169.67 lakh, a substantial increase from ₹309.30 lakh utilized in the previous year.

Auditor’s Observations

Rajesh Bhauwala & Co., Chartered Accountants, issued a qualified opinion on the financial results. The auditors noted that the company did not ascertain liability towards gratuity through actuarial valuation, nor did it make provisions for leave salary and bonus on an accrual basis. Consequently, the impact of these items on the company's profits or losses could not be ascertained. The auditors stated that these practices represent a departure from applicable accounting standards, specifically AS 15 - Employee Benefits.