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.

Consecutive Commodities Limited has confirmed the completion of the dispatch of postal ballot notices regarding the appointment of Ms. Reema Magotra as a Non-Executive and Independent Director. The company intimated the stock exchanges on May 25, 2026, that the notices were sent electronically to members whose names appeared in the Register of Members or List of Beneficial Owners as on May 15, 2026. Physical copies have not been dispatched in accordance with Ministry of Corporate Affairs circulars.

Resolution Details

The Board of Directors, at its meeting held on May 22, 2026, approved the notice of postal ballot. The special business concerns the appointment of Ms. Reema Magotra (DIN: 09804839) for a term of five years, effective from March 25, 2026, to March 24, 2031. Ms. Magotra was initially appointed as an Additional Director on March 25, 2026, and the company seeks consent to regularize her position as an Independent Director not liable to retire by rotation.

E-Voting Schedule

The company has engaged the National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting period opens at 9:00 AM IST on May 23, 2026, and closes at 5:00 PM IST on June 21, 2026. Shareholders holding shares in physical or dematerialized form as on the cut-off date are eligible to participate.

Scrutinizer Appointment

In compliance with the Companies Act, 2013, and relevant rules, the Board has appointed CS Jay Pandya, Proprietor of M/s. Jay Pandya & Associates, Company Secretaries, Ahmedabad, as the Scrutinizer. The Scrutinizer will conduct the postal ballot process in a fair and transparent manner and submit a report upon completion of the vote scrutiny.