Hind Commerce has scheduled its 41st Annual General Meeting (AGM) for Thursday, September 24, 2026. The meeting will convene at 3:00 pm at the company's registered office in Mumbai to transact ordinary business items.

Key Agenda Items

The primary objective of the gathering is for shareholders to receive, consider, and adopt the financial statements for the fiscal year ended March 31, 2026. This includes the balance sheet, profit and loss account, along with the reports from the directors and auditors.

Additionally, the board has placed a resolution to re-appoint Mr. Ujwal Lahoti as a director. He retires by rotation at this meeting and, being eligible, offers himself for re-appointment. Mr. Lahoti brings over 40 years of experience in yarn and cloth trading and exports.

Voting and Logistics

Shareholders holding shares as on the record date of Friday, September 17, 2026, are eligible to vote. The company has enabled remote e-voting through the National Securities Depository Limited (NSDL) system. The e-voting window opens on Saturday, September 19, 2026, at 9:00 am and closes on Wednesday, September 23, 2026, at 5:00 pm.

Members attending in person can also exercise their voting rights via poll if they have not voted electronically beforehand. The register of members will remain closed from Friday, September 18, 2026, through Thursday, September 24, 2026.

Annual Report Access

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the company has sent letters with web-links to members who have not registered their email addresses. The complete details of the Annual Report for FY26 are available on the company’s website.

Members are requested to update their email addresses with their depository participants to receive future communications digitally.

Director Profile

Mr. Ujwal Lahoti holds a graduation degree in commerce from Shivaji University, Solapur. He is currently associated with other listed entities, serving as a director at Lahoti Overseas Limited. His committee memberships include roles in the stakeholder relationship and corporate social responsibility committees at Lahoti Overseas Limited.

Hind Commerce reported a net profit of ₹66.98 lakh for FY26, up 147% from ₹27.06 lakh in the prior year, driven largely by gains on investments rather than core trading operations.

The Mumbai-based textile trader saw revenue from operations contract by nearly 72% to ₹67.93 lakh, reflecting a significant slowdown in cotton yarn exports amid global demand headwinds.

Financial Performance

The company’s total income stood at ₹156.65 lakh, down from ₹292.68 lakh in FY25. While operational revenue plummeted, other income rose by 63% to ₹88.72 lakh, bolstered by capital gains and interest income.

Total expenditure decreased proportionally with the drop in trading activity, falling to ₹75.53 lakh from ₹266.02 lakh. The effective tax rate for the year was approximately 17%, compared to a tax benefit in the previous year.

What the Numbers Show

Investment income is now the primary driver of profitability. Other income contributed ₹88.72 lakh against a total profit before tax of ₹81.12 lakh, indicating that non-operating gains more than covered the operating profit generated from core business activities. This shift highlights a dependency on financial assets rather than trading margins for bottom-line growth.

Balance Sheet and Cash Flow

Cash and cash equivalents declined sharply to ₹5.85 lakh at year-end from ₹53.06 lakh in March 2025. The company utilized ₹51.11 lakh in investing activities, primarily for purchasing non-current investments, while generating a modest ₹3.90 lakh from operations.

Non-current investments grew to ₹17.54 crore from ₹15.72 crore, comprising equity shares, mutual funds, and debentures. The balance sheet shows no trade receivables or inventory as of March 31, 2026, suggesting a lean working capital position compared to the prior year when inventory stood at ₹19.68 lakh.

Corporate Developments

The Board did not recommend a dividend for FY26 due to inadequate profits. Mrs. Meghna Panchal ceased to be an independent director in September 2025, replaced by Mrs. Archana Maheshwari. Mr. Sunil Kumar Patel was appointed Company Secretary and Compliance Officer in October 2025.