Grandma Trading & Agencies Limited has clarified with the Bombay Stock Exchange (BSE) that the delay in disclosing the appointment of Mr. Avdhesh Chaurasiya as Whole-Time Director and Chief Financial Officer was inadvertent. The company stated there was no intention to withhold material information from stakeholders or the exchange.

The Board of Directors approved Mr. Chaurasiya’s re-designation as Whole-Time Director and CFO on August 13, 2026, for a five-year term ending August 12, 2031, subject to shareholder approval. The company had initially filed the outcome of the board meeting on August 13, 2026, but incorrectly listed the effective date as August 1, 2026. The correct effective date is August 13, 2026. The company attributed the oversight to a procedural error and confirmed it has strengthened internal compliance processes to prevent future delays.

Financial Results for Q1FY27

During the same board meeting, directors approved the unaudited financial results for the quarter ended June 30, 2026. The company reported a net profit of ₹1.61 lakh, a significant improvement from the net loss of ₹5.95 lakh reported in the corresponding quarter of FY25.

Revenue from operations stood at ₹12.66 lakh for the quarter, compared to nil in the same period last year. Total revenue remained at ₹12.66 lakh, as other income was negligible. Total expenditure decreased to ₹11.05 lakh from ₹5.98 lakh in Q1FY25, driven primarily by changes in inventory levels and purchase costs.

The statutory auditors, M/s. Singhvi & Sancheti, issued a limited review report on the financial statements. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410. The auditors stated that nothing came to their attention to cause them to believe the statement did not disclose information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

The company’s return to profitability in Q1FY27 coincides with the resumption of operational revenue, which was nil in the prior year’s corresponding quarter. While total expenditure increased year-on-year due to higher purchases of stock-in-trade (₹10.06 lakh vs ₹6.27 lakh), this was offset by a favorable change in inventories of finished goods (-₹4.79 lakh vs -₹6.27 lakh), indicating improved inventory management or sales realization relative to costs incurred.

The company noted that its petition for the reduction of paid-up capital is pending final hearing before the National Company Law Tribunal (NCLT). The paid-up equity share capital remains at ₹1306.00 lakh.

Grandma Trading and Agencies Limited reported a return to profitability in its first quarter of FY27, posting a net profit of ₹1.61 lakh for the period ended June 30, 2026. This marks a significant turnaround from the ₹5.95 lakh net loss recorded in the same quarter of the previous fiscal year. The company also logged total income from operations of ₹12.66 lakh, up from nil in Q1FY26.

The Board of Directors approved the unaudited standalone financial results during their meeting held on August 13, 2026. The results were reviewed by the Audit Committee prior to approval. The company operates in a single segment and has no separate reportable segments under IND AS 108.

Financial Performance

The company's operational revenue generation was a key driver of the quarter's profitability. While total income from operations stood at ₹12.66 lakh, this compares against zero income reported in Q1FY26. In the preceding quarter (Q4FY26), total income from operations was higher at ₹38.48 lakh.

For the full financial year ended March 31, 2026, the company reported a net loss of ₹7.03 lakh on total income from operations of ₹53.32 lakh. The equity share capital remained unchanged at ₹1,306.00 lakh.

What the Numbers Show

The shift from a net loss of ₹5.95 lakh in Q1FY26 to a profit of ₹1.61 lakh in Q1FY27 indicates a stabilization in the company's cost structure relative to its operational income. With no exceptional or extraordinary items disclosed, the profit improvement appears driven by core operational activity rather than one-off gains. However, the quarterly income of ₹12.66 lakh is significantly lower than the ₹38.48 lakh reported in the immediately preceding quarter, suggesting potential seasonality or variability in revenue streams.

Corporate Developments

The company noted that its petition for the reduction of paid-up capital is pending for final hearing before the National Company Law Tribunal (NCLT). Previous period figures have been regrouped or rearranged wherever necessary. The unaudited financial results are available on the company's website and the BSE Limited website.