Grandma Trading & Agencies Limited has scheduled its 45th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means at 12:30 pm.

The primary agenda involves the appointment of Mr. Avdhesh Chaurasiya as Whole-Time Director (WTD) and Chief Financial Officer (CFO). The Board seeks shareholder approval for a five-year tenure effective from August 13, 2026, to August 12, 2031.

Key Resolutions

Shareholders will vote on the following ordinary resolutions:

• Adoption of audited standalone financial statements for FY26 ended March 31, 2026.
• Re-appointment of Mr. Avdhesh Chaurasiya as a director liable to retire by rotation.
• Appointment of Mr. Chaurasiya as WTD and CFO.

Executive Appointment Details

Mr. Chaurasiya, currently a Non-Executive Director, will assume the role of Key Managerial Personnel. The Nomination and Remuneration Committee recommended his appointment based on his expertise in indirect taxes and accounting. He holds a graduation degree from Mumbai University and possesses over eight years of experience.

The maximum remuneration payable shall not exceed the overall ceiling on total managerial remuneration under Section 197 of the Companies Act, 2013. Mr. Chaurasiya has no shareholding interest in the company as on the date of the notice.

Voting and Participation

The company will provide remote e-voting facilities via Purva Sharegistry. The voting period runs from Sunday, September 27, 2026, at 9:00 am to Tuesday, September 29, 2026, at 5:00 pm. The record date for voting eligibility is Wednesday, September 23, 2026.

Physical attendance is dispensed with pursuant to Ministry of Corporate Affairs and SEBI circulars. However, members can join the VC/OAVM link 15 minutes before and after the scheduled start time. Institutional shareholders must submit board resolutions authorizing their representatives to vote via e-voting.

Financial Performance FY26

The company reported revenue from operations of ₹53.32 lakh for the financial year ended March 31, 2026, an increase from ₹22.31 lakh in the previous year. Despite the rise in revenue, the company incurred a net loss of ₹7.03 lakh, a significant improvement from the net loss of ₹145.38 lakh reported in FY25. The reduction in loss was primarily driven by the absence of exceptional items, which had amounted to ₹115.49 lakh in the prior year due to the write-off of old time-barred loans and advances.

Other income declined sharply to ₹0.11 lakh from ₹4.91 lakh in FY25. Total expenses stood at ₹53.43 lakh, down from ₹57.11 lakh in the previous year. The company did not declare any dividend for FY26.

Board Composition Changes

Mr. Abhishek Ashar resigned as Whole-Time Director and CFO effective July 31, 2026. The current board comprises five directors, including three independent directors. The company’s statutory auditor, Singhvi and Sancheti, confirmed no audit qualifications on the financial statements. However, the secretarial audit report noted a delayed submission of the Statement on Impact of Audit Qualifications for FY25, resulting in a fine imposed by BSE Limited, which has since been paid.

Capital Restructuring

The company has proposed a scheme for the reduction of share capital under Section 66 of the Companies Act, 2013, pending approval from the National Company Law Tribunal (NCLT). The scheme aims to set off accumulated losses against paid-up equity share capital. This accounting adjustment does not involve cash outflow or change in percentage shareholding. As on March 31, 2026, the company had negative net worth due to accumulated losses.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE927M01029/d4484602-655d-4538-b06d-36988649ef4f.pdf

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.