Everlon Financials Limited held its 37th Annual General Meeting on September 16, 2026. The meeting concluded with shareholders approving the appointment of M/s. Panchal S K & Associates as statutory auditors for a term of three years.

The virtual meeting commenced at 12:00 pm and ended at 12:36 pm. Jitendra K. Vakharia, Chairman and Managing Director, chaired the proceedings. Pooja Sanghavi, Company Secretary, confirmed compliance with Ministry of Corporate Affairs and SEBI circulars regarding the use of Video Conferencing and Other Audio Visual Means.

Resolutions Passed

Shareholders voted on three ordinary resolutions and one special resolution during the meeting. Remote e-voting was available from September 13 to September 15, 2026. Members present at the meeting could also cast votes electronically via NSDL.

Subodh More of Subodh More & Associates served as the scrutinizer for the electronic voting process. The final voting results and the scrutinizer’s report will be submitted separately in accordance with Regulation 44 of the SEBI Listing Regulations.

Governance Updates

Mrs. Varsha J. Vakharia retires by rotation and offered herself for reappointment, which was approved by the members. Additionally, the company appointed Mr. Sanjay Rasiklal Dholakia as an Independent Director through a special resolution.

Mr. Dholakia (DIN: 11831235) joins the board effective July 28, 2026, for a term of five years. He is a Mumbai-based practicing Company Secretary with over 35 years of experience in corporate laws, secretarial practice, and governance. He holds no shares in the company and is not related to any existing director, key managerial personnel, or promoter.

Auditor Appointment Details

Pursuant to Regulation 30 of SEBI Listing Regulations, the members approved the appointment of M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W), as Statutory Auditors for three consecutive years. The term commences from the financial year 2026-27 to 2028-29, concluding at the 40th Annual General Meeting.

The appointment replaces the retiring statutory auditors, M/s. B.L. Dasharda & Associates (ICAI Firm Registration No.: 112615W), whose term ended upon the conclusion of the 37th AGM.

M/s. Panchal S K & Associates, established in 2017, is led by founder partner Ms. Swati Panchal, an ICAI member since 2012. The firm holds Peer Review Certificate No. 018089 issued by the Peer Review Board of ICAI. It serves clients ranging from SMEs to large corporates across diverse industries, offering audit, taxation, accounting, compliance, and advisory services.

Everlon Financials has scheduled its 37th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 12:00 noon. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). Shareholders on record as of September 9, 2026, are eligible to vote. Remote e-voting opens on September 13 and closes on September 15, 2026.

The company’s financial results for FY26 reflect a significant turnaround in profitability compared to the previous year. While revenue from operations increased to ₹1,647.67 lakh from ₹1,311.42 lakh in FY25, the firm posted a net loss of ₹665.67 lakh, contrasting with a net profit of ₹118.87 lakh in the prior period.

Financial Performance

The decline in profitability was primarily driven by a sharp contraction in other income and substantial mark-to-market losses on investments. Other income fell drastically to ₹4.02 lakh in FY26, down from ₹244.31 lakh in FY25. Additionally, total expenses surged to ₹2,304.47 lakh from ₹1,136.88 lakh, largely due to an increase in the cost of purchased traded goods and changes in inventory levels.

What the Numbers Show

A critical driver of the net loss was the volatility in the company's investment portfolio. Non-current investments, measured at Fair Value Through Other Comprehensive Income (FVTOCI), dropped significantly in value. The carrying amount of these investments fell to ₹636.16 lakh as of March 31, 2026, from ₹1,478.41 lakh at the end of FY25. This decline resulted in a mark-to-market loss of ₹786.40 lakh recognized in other comprehensive income, heavily impacting the total comprehensive loss for the year, which stood at ₹1,384.29 lakh.

Balance Sheet and Governance

Total assets decreased to ₹1,764.87 lakh from ₹3,431.92 lakh in the previous year, reflecting the reduction in investment values. The company remains debt-free, with no short-term or long-term borrowings disclosed. Total equity stood at ₹1,740.26 lakh.

Mr. Sanjay Rasiklal Dholakia was appointed as an Additional Independent Director on July 28, 2026. The Board of Directors includes Mr. Jitendra K. Vakharia as Managing Director and Mrs. Varsha J. Vakharia as Non-Executive Director. The statutory auditor for FY26 was M/s. B.L. Dasharda & Associates.

Shareholder Communication

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, letters are being sent to members whose email addresses are not registered with the company or Registrar & Share Transfer Agent. These letters provide the web-link to access the Annual Report for FY26 and the AGM notice. Shareholders holding physical securities are reminded to update their KYC details, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice, pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Payments for folios without updated details will be made only through electronic mode effective April 1, 2024.