Birla Transasia Carpets Limited approved its financial statements for the fiscal year ended March 31, 2026, during its 51st Annual General Meeting held on September 28, 2026. The meeting also ratified key governance changes, including the appointment of two new independent directors and a statutory auditor.

The AGM was conducted via video conferencing in compliance with Ministry of Corporate Affairs circulars and SEBI (LODR) Regulations, 2015. Members voted on all agenda items through remote e-voting and electronic voting during the session, which commenced at 11:00 am and concluded at 11:10 am.

Governance and leadership updates

The shareholders approved the eligibility for re-appointment of Arun Kumar Singhi as Executive Director following his retirement by rotation. Additionally, two new Independent Directors were appointed for a tenure of two years each:

• Manish Bhargan Rane (DIN: 02241561)
• Madhura Ganesh Mahendrakar (DIN: 10544844)

These appointments are intended to strengthen the board's oversight capabilities. The results of the voting process will be uploaded to the company website and notified to stock exchanges separately.

Auditor appointments

The company finalized its audit framework by appointing external firms for both statutory and secretarial compliance roles. The following appointments were approved for a period of five years:

The adoption of the financial statements included the reports of the auditors and the Board of Directors for FY26. The meeting confirmed that all ordinary business items were passed with the requisite majority.

Birla Transasia Carpets Limited reported a net loss of ₹96.89 lakh for FY26, a significant increase from the ₹0.20 lakh loss in FY25. The company generated zero revenue during the period as management focused resources on localized factory setup and supply chain integration ahead of its commercial retail launch.

The Board of Directors approved the audited financial statements and fixed the date for the 51st Annual General Meeting (AGM). The meeting will be held on September 28, 2026, via video conferencing.

Financial Performance

The company incurred total expenses of ₹96.89 lakh in FY26, compared to ₹0.20 lakh in the previous year. With no operational income, the entire expense amount flowed through to the bottom line.

Legal and professional fees constituted the largest portion of expenses at ₹10.25 lakh, followed by annual listing fees for BSE, CDSL, and NSDL totaling ₹81.86 lakh. Audit fees amounted to ₹1.89 lakh.

Balance Sheet Highlights

As of March 31, 2026, total assets stood at ₹231.34 lakh, marginally higher than ₹230.34 lakh in the prior year. Current liabilities increased to ₹3,019.37 lakh from ₹2,921.48 lakh, driven primarily by borrowings from related parties which remained stable at ₹2,407.50 lakh.

Trade payables rose to ₹262.90 lakh from ₹165.01 lakh. The company holds cash and cash equivalents of ₹1.52 lakh. Equity share capital remains unchanged at ₹283.50 lakh, comprising 28,35,029 equity shares.

Governance and Appointments

The Board re-appointed Executive Director Arun Kumar Singhi, who retires by rotation. M/s C P C & Company was appointed as Statutory Auditor for five years, succeeding Joshi Chhadva & Co LLP. Mr. Ankit Mazumdar was named Secretarial Auditor for a similar term.

Two new Independent Directors were appointed: Manish Bhargan Rane and Madhura Ganesh Mahendrakar, each for a two-year term. Purushotam Sharma ceased to be a director in October 2025.

What the Numbers Show

The company operates as a pre-revenue entity with high fixed costs relative to its current stage. Listing fees alone accounted for approximately 84% of total expenses, highlighting the cost burden of maintaining exchange listings without operational cash flow. The reliance on related-party borrowings of ₹2,407.50 lakh underscores the dependency on group support for liquidity.

Annual General Meeting Details

The 51st AGM will convene on September 28, 2026, at 11:00 am through VC/OAVM. The cut-off date for voting rights is September 21, 2026. Remote e-voting via NSDL will be available from September 25 to September 27, 2026. The Annual Report and Notice are available on the company’s website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE646O01013/1dd99985-39e2-4dae-82af-bc06d7fa1f85.pdf