Grandma Trading and Agencies Limited shareholders unanimously approved all three ordinary resolutions during the company's 45th Annual General Meeting (AGM) held on September 30, 2026. The voting results, disclosed to the BSE, indicated zero dissenting votes across all agenda items, including the adoption of audited financial statements and director reappointments.

The meeting, conducted via video conferencing from the registered office in Mumbai, saw participation from one promoter group member and 33 public shareholders. The resolutions covered the adoption of standalone financial statements for FY26, the reappointment of Avdhesh Chaurasiya as a Director retiring by rotation, and his reappointment as Whole Time Director and CFO for a five-year term ending August 12, 2031.

Voting Results Overview

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. A total of 8,641,414 votes were cast in favor of each resolution, representing 100% of the valid votes polled. No votes were cast against any resolution, and there were no invalid votes recorded.

Shareholder Participation Details

The company reported a total of 6,369 shareholders on the record date of September 23, 2026. However, only 40 ballots were cast through remote e-voting, contributing to the total vote count. No shareholders voted physically or through proxy during the live meeting, as all voting was conducted electronically prior to the AGM conclusion.

What the Numbers Show

The voting data reveals a significant concentration of influence among promoters. Promoters and promoter group members held 7,854,137 shares and cast votes for all three resolutions, accounting for approximately 91% of the total votes polled (8,641,414). Public non-institutional shareholders held 122,745,863 shares but cast only 787,277 votes, representing just 0.64% of their holding. This indicates that while public shareholding is substantial in volume, active participation in governance decisions remains low, with outcomes largely determined by promoter consensus.

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