Enterprise International Ltd shareholders approved the adoption of audited financial statements for the fiscal year ended March 31, 2026, during the company's 37th Annual General Meeting (AGM). The meeting, held on September 28, 2026, in Kolkata, also ratified the re-appointment of Gopal Das Sarda as a director retiring by rotation.

The AGM commenced at 10:00 am at "SARDA SADAN" in Kolkata and concluded at 10:15 am. Mr. Gopal Das Sarda presided over the meeting as Chairman. The requisite quorum was present to conduct the proceedings.

Key resolutions passed

Shareholders voted on two primary items of ordinary business:

• Consideration and adoption of the Audited Financial Statement for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
• Re-appointment of Gopal Das Sarda, who retired by rotation and offered himself for re-appointment (DIN: 00565666).

Voting mechanism

The company facilitated voting through remote e-voting and physical ballot papers. Remote e-voting opened at 10:00 am on September 25, 2026, and closed at 5:00 pm on September 27, 2026. Members present at the venue who had not cast votes electronically utilized the ballot paper facility.

Mr. B.L. Patni, a Practicing Company Secretary, served as the scrutinizer for the e-voting and ballot processes. The final results were scheduled for publication on the company website and submission to the Bombay Stock Exchange Ltd.

Enterprise International Ltd. enterprise international reported a net loss of ₹144.1 lakh for the financial year ended March 31, 2026, reversing a profit of ₹504.9 lakh in the previous year.

The Kolkata-based trading company saw its total income contract by 35.2% to ₹489.6 lakh from ₹755.0 lakh in FY25. The decline was driven primarily by a sharp drop in revenue from operations, which fell 36.9% to ₹410.6 lakh.

Operational Performance

Textile sales, the company's largest segment, dropped 37.7% to ₹362.9 lakh from ₹582.5 lakh. Sales of automobile parts also declined by 29.0% to ₹46.9 lakh. Consequently, the company recorded an operating loss before tax of ₹25.5 lakh, compared to a profit of ₹445.4 lakh in FY25.

Other income decreased by 24.5% to ₹78.97 lakh, largely due to lower profits on the sale of investments and reduced dividend income. However, interest income rose by 22.7% to ₹60.31 lakh, providing some offset to the operational decline.

Balance Sheet Signals

The company maintained a debt-free balance sheet with no borrowings. Cash and cash equivalents more than doubled to ₹450.7 lakh from ₹203.3 lakh, reflecting strong liquidity despite the operational downturn. Trade receivables increased by 53.6% to ₹102.9 lakh, while trade payables fell by 42.4% to ₹25.3 lakh.

What the Numbers Show

A significant divergence exists between the company's cash position and its operating performance. While operations generated a cash outflow of ₹68.8 lakh, investing activities yielded a massive inflow of ₹255.9 lakh primarily from the sale of non-current financial assets. This indicates that the surge in cash reserves is driven by asset liquidation rather than core business profitability.

Corporate Actions

The Board did not recommend any dividend for FY26, citing operational losses and the need to conserve resources for working capital requirements. The 37th Annual General Meeting is scheduled for September 28, 2026, where shareholders will vote on the re-appointment of Chairman Gopal Das Sarda.