Devinsu Trading seeks nod for ₹100 crore loans at AGM

Devinsu Trading Limited has scheduled its 41st Annual General Meeting for August 13, 2026, to be held through Video Conferencing or Other Audio Visual Means. The meeting will seek shareholder approval for the audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Deniis Desai as a Whole-time Director.

Key Resolutions

The Board recommends the appointment of M/s. Natvarlal Vepari & Co., Chartered Accountants, as the Statutory Auditors for a term of five years, effective from the conclusion of this AGM until the conclusion of the 46th AGM to be held for the financial year 2030-31. The proposed fees for the financial year 2026-27 are ₹60,000.

Shareholders will also consider the appointment of Mrs. Sangita Hiren Shukla (DIN: 11647378) as an Independent Director for a period of five years commencing from May 18, 2026, to May 17, 2031.

Financial Approvals

The meeting includes special resolutions to authorize the Board to provide loans, guarantees, or security and acquire securities of other body corporates up to an aggregate amount of ₹100 crore. This limit is over and above the permissible limits under Section 186(2) of the Companies Act, 2013.

Additionally, the company seeks approval to advance loans, give guarantees, or provide security to entities in which directors are interested up to an aggregate limit of ₹50 crore under Section 185 of the Companies Act, 2013.

E-Voting and Meeting Details

Remote e-voting will commence on August 10, 2026, at 9:00 a.m. IST and conclude on August 12, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members as on the record date of August 06, 2026, are eligible to vote.

Resolution Item	Purpose	Limit/Tenor
Statutory Auditor	Appointment of M/s. Natvarlal Vepari & Co.	5 Years (FY26 to FY31)
Loans to Body Corporates	Authorization under Section 186	₹100 Crore
Loans to Interested Parties	Authorization under Section 185	₹50 Crore

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Devinsu Trading Limited reported a net profit of ₹80.04 lakh for the financial year ended March 31, 2026, a decline from ₹118.34 lakh in the previous year. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s. SVP & Associates, the statutory auditor, issued an audit report with an unmodified opinion on the results.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹18.15 lakh, compared to ₹19.92 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at ₹39.29 lakh, while total expenses were ₹15.25 lakh. During the quarter, the company issued 88,000 equity shares at ₹350 each on a preferential allotment basis.

Financial Performance for FY26

The company's total income for the year ended March 31, 2026, was ₹134.65 lakh, a decrease from ₹188.90 lakh in the prior year. Total expenditure increased to ₹34.54 lakh from ₹28.25 lakh in FY25. The earnings per share (EPS) for the year was ₹15.39, down from ₹23.67 in the previous year.

Metric	FY26 (₹ in Lakh)	FY25 (₹ in Lakh)
Total Income	134.65	188.90
Total Expenses	34.54	28.25
Net Profit	80.04	118.34
EPS (₹)	15.39	23.67

Balance Sheet and Cash Flow

The company's total assets as of March 31, 2026, stood at ₹2,108.58 lakh, compared to ₹1,774.36 lakh in the previous year. Equity share capital increased to ₹58.80 lakh from ₹50.00 lakh, primarily due to the preferential allotment. The closing balance of cash and cash equivalents was ₹15.72 lakh, up from ₹0.22 lakh in the previous year. Net cash from financing activities was ₹297.97 lakh, driven by the proceeds from the issue of equity shares.