Consecutive Commodities Limited has fixed Monday, June 08, 2026, as the record date to determine shareholder eligibility for its proposed rights issue. The company plans to issue 48,04,50,000 fully paid-up equity shares at a price of ₹1 per share, aiming to raise an aggregate amount of ₹48,04,50,000. Existing shareholders are entitled to subscribe to three additional shares for every one share held on the record date.

The rights issue is scheduled to open on Thursday, June 18, 2026, and close on Tuesday, July 07, 2026. Shareholders wishing to renounce their rights entitlements may do so until Wednesday, July 01, 2026. The company currently has 16,01,50,000 outstanding equity shares, which will increase to 64,06,00,000 shares upon full subscription.

Payment for the shares is fixed at ₹1.00 per share, comprising the face value with no premium. The board retains the discretion to determine the payment schedule, either on application or through subsequent calls. Detailed procedures, including the handling of fractional entitlements, will be outlined in the Letter of Offer to be filed with BSE Limited and SEBI.

Rights Issue Details

The trading window for directors, designated persons, and their immediate relatives remains closed in compliance with the company's Code of Conduct for Prevention of Insider Trading. This restriction is effective from May 28, 2026, and will continue until 48 hours after the board meeting concludes.

Consecutive Commodities Limited reported a net profit of ₹270.32 lakh for the financial year ended March 31, 2026, an increase of 21% from ₹223.13 lakh in the corresponding previous year. Revenue from operations for the year rose to ₹5787.87 lakh from ₹2260.09 lakh in FY25. The company's basic earnings per share for the year improved to ₹0.17 from ₹0.14 in the prior year.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹87.89 lakh, compared to ₹55.44 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1640.33 lakh. Total expenses for the quarter were ₹1559.60 lakh. The Board of Directors approved the financial results at a meeting held on May 25, 2026.

Financial Performance

The company's total income for FY26 was ₹5809.21 lakh, up from ₹2377.42 lakh in the previous year. Total expenses for the year increased to ₹5480.85 lakh from ₹2145.57 lakh. Profit before tax for the year was ₹328.36 lakh, compared to ₹231.85 lakh in FY25. The company operates solely in the trading of agriculture products and stated there are no reportable segments requiring separate disclosure.

Auditor Observations

The statutory auditors, S K Bhavsar & Co., issued an unmodified opinion on the standalone financial results. However, the auditors included an emphasis of matter regarding the absence of balance confirmation letters and reconciliation statements for certain trade receivables and payables. Consequently, the auditors were unable to satisfy themselves regarding the existence, completeness, and recoverability of these balances.

Additionally, the auditors noted that the company failed to appoint an Internal Auditor for the entire financial year 2025-26, constituting a non-compliance with Section 138 of the Companies Act, 2013. This absence resulted in a significant gap in the internal control framework. The auditors also highlighted that the bifurcation of trade payables into Micro, Small and Medium Enterprise (MSME) creditors was not provided, affecting regulatory compliance under the MSME Development Act, 2006.