Grandma Trading & Agencies Limited has accepted the resignation of Abhishek Ashar from his positions as Whole-Time Director (WTD) and Chief Financial Officer (CFO), effective July 31, 2026. The Mumbai-based trading firm disclosed the leadership change to the Bombay Stock Exchange (BSE) on July 30, 2026, marking a significant shift in its key managerial personnel.

Ashar tendered his resignation via a letter dated July 30, 2026, citing his desire to pursue other professional activities and career opportunities outside the organization. In his resignation letter addressed to the Board of Directors, he confirmed that there were no other material reasons for his departure beyond these personal career moves. The Board accepted his resignation, which becomes effective upon the closure of the current month.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding changes in directors and key managerial personnel.

Key Details of Resignation

Ashar further disclosed in his letter that he does not hold any directorships in other listed entities nor does he have any membership on board committees. He expressed gratitude for his association with the company, describing his tenure as rewarding and fruitful.

Sonal Nakum, Company Secretary and Compliance Officer of Grandma Trading & Agencies Limited, signed the intimation submitted to the BSE. The company’s registered office is located at Hubtown Solaris, Andheri East, Mumbai. Investors are advised to note this change in leadership as the company prepares to appoint a successor to fill the vacant WTD and CFO roles.

Grandma Trading & Agencies Limited narrowed its net loss to ₹7.03 lakh for the financial year ended March 31, 2026, a significant improvement from the net loss of ₹145.38 lakh reported in the previous year. The company posted a net profit of ₹6.63 lakh for the quarter ended March 31, 2026 (Q4FY26), driven by a sharp increase in revenue from operations. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors, M/s. Singhvi & Sancheti, issued an unmodified opinion on the financial results.

Financial Performance

Revenue from operations for Q4FY26 surged to ₹38.48 lakh, compared to ₹4.61 lakh in the corresponding period of the previous year. For the full year FY26, revenue from operations stood at ₹53.32 lakh, up from ₹22.31 lakh in FY25. Total expenditure for the year decreased to ₹60.46 lakh from ₹57.11 lakh in the previous year. The company reported an earnings per share (EPS) of (₹0.005) for FY26, compared to (₹0.111) in FY25.

Going Concern and Capital Restructuring

The financial results highlight that the company has incurred accumulated losses resulting in a negative net worth as of March 31, 2026. Consequently, the assessment of the company's ability to continue as a going concern was identified as a key audit matter. The Board has proposed a scheme for the reduction of share capital under Section 66 of the Companies Act, 2013, which is currently pending approval before the National Company Law Tribunal (NCLT). No effect of this proposed reduction has been given in the accompanying financial results pending final approval.

Operational Details

The company's management expects improvement in operational performance due to an increase in the level of operations compared to previous years. Additionally, the management is evaluating real estate proposals for redevelopment. The Board believes that with increased business operations and the proposed rebalancing of the balance sheet through the capital reduction scheme, the company will continue to be sustainable. The trading window for dealing in the company's securities remains closed for designated persons until 48 hours after the declaration of the financial results.