Fraser & Company Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 13, 2026, to both Bombay Stock Exchange Limited and The CSE Limited. The filing was signed by Managing Director Omkar Rajkumar Shivhare (DIN: 08374673) on behalf of the company.

Certificate Confirmation

Purva Sharegistry India Private Limited, the company's registrar and share transfer agent, issued the compliance certificate dated April 1, 2026. The certificate confirms adherence to dematerialisation procedures as mandated under SEBI regulations. Compliance Officer Ms. Deepali Gaonkar signed the certificate on behalf of the registrar.

The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were processed according to prescribed timelines and regulatory requirements.

Dematerialisation Activity

The detailed dematerialisation report for the period from January 1, 2026 to March 31, 2026 shows no activity during the quarter.

Company Information

Fraser & Company Limited, incorporated in 1917, operates with CIN L51100MH1917PLC272418. The century-old company maintains its registered office at House No. 12, Plot 6A, Ground Floor – Sneh, Road No. 2, Abhinav Nagar, Opposite CTRC Training Center, Borivali (East), Mumbai – 400066.

The quarterly filing demonstrates the company's commitment to maintaining regulatory compliance and transparency with stock exchange requirements. The absence of dematerialisation activity during the quarter indicates stable shareholding patterns with minimal trading activity in the company's securities during this period.

Fraser & Company Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing mixed performance with increased revenue but continued losses. The century-old company, incorporated in 1917, reported a net loss of Rs 1.51 million for Q3 FY26 compared to a loss of Rs 0.61 million in the same quarter of the previous year.

Financial Performance Overview

The company's financial performance showed significant improvement in revenue generation despite continued losses. Total income surged to Rs 10.12 million in Q3 FY26 from nearly zero in the corresponding quarter of FY25.

Revenue and Expense Analysis

The company's net sales income from operations reached Rs 9.99 million in Q3 FY26, marking a substantial increase from zero revenue in the corresponding quarter of FY25. Other income contributed Rs 0.13 million to the total income of Rs 10.12 million. However, total expenses rose to Rs 11.63 million, primarily driven by purchase of stock-in-trade worth Rs 9.26 million.

Employee benefit expenses increased to Rs 0.75 million from Rs 0.18 million in Q3 FY25, while other expenses rose to Rs 1.56 million from Rs 0.35 million in the same period last year. Finance costs remained stable at Rs 0.02 million, and depreciation expenses decreased slightly to Rs 0.04 million.

Board Decisions and Corporate Actions

The board of directors, meeting on February 13, 2026, approved several key decisions beyond the financial results. The board sanctioned an increase in remuneration for Director Vijay Ramesh Solanki to Rs 70,000 per month, effective from February 1, 2026.

The board justified the remuneration increase citing Solanki's increased responsibilities and valuable contribution to the company's operations and growth.

Operational Challenges and Recovery Efforts

The company continues to face significant operational challenges, including outstanding trade receivables and payables. The auditor's report highlighted that the company had trade receivables of Rs 90.52 million outstanding for more than 12 months. During the period, management successfully settled major outstanding receivables of three parties amounting to Rs 82.62 million through NCLT proceedings.

As per the settlement agreement dated September 18, 2025, the company received Rs 40.00 million via demand draft and will receive four residential agreements valued at approximately Rs 40 million. The agreements for residential flats were registered on February 3, 2026, subsequent to the review period.

Going Concern and Future Outlook

Despite accumulated losses and negative net current assets, the financial statements have been prepared on a going concern basis. Management remains optimistic about the company's revival, citing residential project exits and debt reduction initiatives. The company operates in a single segment focused on supply of construction and real estate related materials.

The paid-up equity share capital remained stable at Rs 81.20 million with a face value of Rs 10 per share. The company's shares are listed on Bombay Stock Exchange (scrip code: 539032) and CSE Limited (scrip code: 016052), though trading remains suspended on the Calcutta Stock Exchange.