Bindal Exports board approved the annual report for FY26 and the notice for its 19th Annual General Meeting on September 7, 2026.

The meeting, held in Surat, also finalized logistical details for the upcoming shareholder vote, including the appointment of a scrutinizer and the e-voting window.

Key Board Approvals

The directors took on record several items essential for the conduct of the AGM:

• Approved the notice convening the 19th AGM on Tuesday, September 29, 2026, at 12:30 pm IST via video conference or other audio-visual means.
• Approved the Annual Report for the financial year 2025-26.
• Appointed M. D. Baid & Associates as the scrutinizer to ensure a fair and transparent e-voting process.
• Fixed Friday, September 18, 2026, as the cut-off date for determining member eligibility to vote and attend the AGM.
• Set the remote e-voting period from Saturday, September 26, 2026, at 9:00 am IST to Monday, September 28, 2026, at 5:00 pm IST.

Meeting Details

The board meeting commenced at 4:00 pm IST and concluded at 6:10 pm IST. Samiksha Gupta, Company Secretary and Compliance Officer, signed the disclosure. The outcome is available on the company’s website.

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.