Ceenik Exports (India) Limited has commenced the remote e-voting process for its postal ballot notice seeking member approval. The voting period opened on June 3, 2026, and will conclude on July 2, 2026, allowing shareholders to vote on resolutions related to related party transactions for the financial years 2025-26 and 2026-27.

Postal Ballot Process

The company has engaged NSDL to facilitate the remote e-voting process. Members holding shares in physical or electronic form as on the Cut-Off Date of May 29, 2026, are eligible to participate. The voting rights of members are proportionate to their share of the paid-up equity share capital as on the Cut-Off Date. M/s. Dilip Sarmar & Associates, Company Secretaries, has been appointed as the Scrutinizer to ensure the process is conducted fairly and transparently.

Publication and Availability

The postal ballot notice and advertisement copies were published in the English newspaper Active Times and the vernacular newspaper Mumbai Lakshadeep on June 3, 2026. The notice is available on the company's website, the NSDL e-voting system, and the BSE Limited website. The Scrutinizer will submit a report to the Chairman after the voting concludes, with results to be uploaded on the BSE and company websites no later than two working days after the closure of e-voting.

Board Approvals

During a board meeting on June 2, 2026, the directors ratified related party transactions with M/s. Niktin Properties And Estates Private Limited for FY 2025-26 and approved transactions for the upcoming FY 2026-27. The meeting also approved the draft postal ballot notice.

Ceenik Exports (India) Limited has reported its audited financial results for the financial year ended March 31, 2026, disclosing a widened net loss. The company recorded a net loss of ₹940.82 lakh for FY26, an increase from the net loss of ₹501.49 lakh in the previous year ended March 31, 2025. The Board of Directors approved the financial statements on May 22, 2026, and disclosed that newspaper advertisements for the results were published in the Active Times and Mumbai Lakshdeep on May 23, 2026.

Financial Performance

The company's total income from operations for the year was reported at a negative ₹752.01 lakh, compared to a negative ₹204.34 lakh in the prior year. This figure includes other income from realty and investments, which stood at ₹215.93 lakh, down from ₹1,602.28 lakh in FY25. The derivative trading business segment reported a loss of ₹967.94 lakh for the year, compared to a loss of ₹1,806.62 lakh in the previous year.

Total expenses for the year decreased to ₹184.42 lakh from ₹294.00 lakh in the previous year. The profit before tax for the year was a loss of ₹936.43 lakh, compared to a loss of ₹498.34 lakh in FY25.

Quarterly Results

For the quarter ended March 31, 2026, the company reported a net loss of ₹488.72 lakh. Total income from operations for the quarter was a negative ₹420.28 lakh, while total expenses amounted to ₹64.07 lakh.

Segment Results

The company operates in segments including Realty & Investments and Derivative Trading. The garment segment was discontinued with effect from April 1, 2025. The Realty & Investments segment reported a profit of ₹127.91 lakh for the year, while the Derivative Trading Business reported a loss of ₹967.94 lakh.

Board Decisions

The Board of Directors, in its meeting held on May 22, 2026, approved the audited financial statements and results. Additionally, the board appointed Mr. Sunil Powar as the Internal Auditor for the financial year 2026-27 and Mr. Nitin Narain Hingorani as an Additional Director (Executive), subject to shareholder approval. The board also approved the alteration of the Main Object Clause of the Memorandum of Association to include proprietary trading in derivative instruments and real estate development.