Chandrima Mercantiles Limited reported a total comprehensive loss of ₹212.49 crore for the financial year ended March 31, 2026, a sharp decline from the total comprehensive income of ₹1,844.08 crore recorded in the previous year. The company disclosed that its accumulated losses exceeded its paid-up capital and reserves as of March 31, 2026, and that current liabilities exceeded current assets. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 26, 2026.

Revenue from operations for FY26 increased to ₹7,753.63 crore from ₹2,919.30 crore in FY25. For the quarter ended March 31, 2026, the company reported a loss after tax of ₹219.69 crore, compared to a loss of ₹98.87 crore in the corresponding quarter of the previous year. Total income for the quarter stood at ₹397.45 crore. The company operates in a single segment, Agriculture Commodities.

Financial Performance

The company’s financial statements for the year show a significant shift in profitability and asset composition. While operating profit before tax was reported at ₹500.09 crore, the net outcome was impacted by other comprehensive income and tax expenses. The earnings per share (EPS) for the year was reported as (0.06) on a basic and diluted basis.

Audit Qualifications and Compliance Issues

Statutory auditors M A A K & Associates issued a qualified opinion on the standalone annual financial results. The auditors cited the inability to verify trade receivables, trade payables, loans, and borrowings due to the absence of balance confirmations and supporting reconciliations. Furthermore, the company failed to provide adequate documentary evidence, stock statements, or physical verification reports for inventories amounting to ₹2,500.10 crore as of March 31, 2026, preventing the verification of their existence and valuation.

The report also highlighted an outstanding income tax demand of ₹49 lakh for FY24-25 arising from non-payment of self-assessment tax, for which the management did not provide adequate documentation regarding settlement. Additionally, the company did not maintain an edit log facility in its accounting software as required by the Companies (Accounts) Rules, 2014, and failed to provide complete MSME vendor identification required under the Micro, Small and Medium Enterprises Development Act, 2006.

Asset and Liability Position

The balance sheet as of March 31, 2026, showed total assets of ₹11,911.95 crore, a slight increase from ₹11,392.23 crore in the previous year. Investments decreased significantly to ₹2,006.45 crore from ₹8,014.66 crore in FY25. Inventories rose to ₹2,500.11 crore from ₹2,118.65 crore. The company’s equity share capital increased to ₹3,361.70 crore from ₹2,251.13 crore, while other equity stood at ₹6,739.46 crore.

Cash flow from operating activities was negative at ₹5,750.95 crore, primarily due to changes in operating assets and liabilities. The company generated a net cash inflow of ₹6,008.21 crore from investing activities, largely from proceeds from investments.

Chandrima mercantiles Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 11, 2026, pertains to the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The company submitted the confirmation certificate received from its Registrar and Share Transfer Agent (RTA), Accurate Securities & Registry Private Limited, as mandated under Regulation 74(5) of SEBI regulations. This quarterly submission ensures compliance with depositories and participants regulations.

RTA Confirmation Details

Accurate Securities & Registry Private Limited confirmed that all securities received from depository participants for dematerialisation during the specified period were processed within stipulated time limits. The RTA verified that securities were either accepted or rejected on technical grounds as per SEBI regulations.

The certificate confirms that:

• Securities received for dematerialisation were processed within regulatory time limits
• All securities are listed on stock exchanges where earlier issued securities are listed
• Physical certificates were mutilated and cancelled after due verification
• Depository names were substituted in the security holder's list within prescribed timeframes

Company Information

Chandrima Mercantiles Limited operates from its registered office at F-806, Titanium City Center, Anandnagar Road, Satellite, Ahmedabad, Gujarat. The submission was signed by Managing Director Chiragkumar Prajapati (DIN: 11385719), demonstrating board-level oversight of regulatory compliance.

RTA Operations

Accurate Securities & Registry Private Limited, registered with SEBI (Registration No. INR000004173), serves as the company's share transfer agent. The RTA operates from Ahmedabad with working hours from 11.30 AM to 5.00 PM on weekdays, providing investor services and maintaining compliance with regulatory requirements.