Nivi Trading reported a net loss of ₹0.22 lakh for the financial year ended March 31, 2026, widening from a loss of ₹0.11 lakh in the previous year. The company’s total income rose sharply to ₹18.41 lakh, compared to ₹8.16 lakh in FY25, primarily driven by interest income from fixed deposits.

The 41st Annual General Meeting is scheduled for September 29, 2026, to adopt the audited financial statements and approve special resolutions for granting loans and making investments up to ₹50 crore. Shareholders on record as of September 22, 2026, are eligible to vote via remote e-voting or in person.

Financial Performance

Total expenses increased to ₹18.70 lakh from ₹8.09 lakh in the prior year. Revenue from operations stood at ₹10.53 lakh, entirely derived from commission income, whereas the previous year recorded no such revenue. Other income amounted to ₹7.87 lakh, down slightly from ₹8.16 lakh last year, with interest on fixed deposits contributing ₹7.19 lakh.

The Board did not recommend any dividend for the year under review. No amount was transferred to reserves. The paid-up equity share capital remained unchanged at ₹124.56 lakh, comprising 12,45,600 equity shares of face value ₹10 each.

Balance Sheet Signals

Cash and cash equivalents surged to ₹111.93 lakh as of March 31, 2026, from just ₹3.73 lakh a year earlier. This increase was largely due to the maturity of a fixed deposit worth ₹109.00 lakh during the year, which was previously classified as a non-current asset. Investments in equity instruments stood at ₹40.52 lakh, an increase from ₹38.58 lakh in the previous year.

What the Numbers Show

The widening net loss despite a significant rise in total income highlights the impact of increased operational costs. Employee benefit expenses rose to ₹10.15 lakh from nil in the prior year, accounting for more than half of the total revenue from operations (₹10.53 lakh). This suggests that the newly recognized operational activities incurred high personnel costs relative to the commission income generated, eroding profitability despite strong interest income from investments.

Corporate Governance

Mr. Jaidev R. Shroff retires by rotation and offers himself for re-appointment as a Non-Executive Director. The Board also approved the appointment of Mr. Bipin Nandlal Jani as Managing Director for five years effective March 30, 2025. Statutory auditors Vora & Associates issued an unmodified opinion on the financial statements.

Nivi Trading Limited reported a widened net loss of ₹6.23 lakh for the quarter ended June 30, 2026, driven by fixed operational costs outweighing negligible other income. The Mumbai-based company recorded no revenue from operations during the period, with total income restricted to ₹0.50 lakh derived from dividend income, interest income, and fair value gains from shares. This performance contrasts with a net loss of ₹2.83 lakh in the corresponding quarter of FY25 and a net loss of ₹0.28 lakh in the immediately preceding quarter ended March 31, 2026.

The Board of Directors approved the unaudited financial results on August 11, 2026, following review by the Audit Committee. The results were prepared in accordance with Indian Accounting Standard (Ind AS) 34 and reviewed by Vora & Associates, Chartered Accountants, the company’s statutory auditors. The filing was submitted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company’s total expenses for Q1FY27 stood at ₹6.73 lakh, a significant increase from ₹4.56 lakh in Q1FY25. Employee benefits expense accounted for ₹2.52 lakh, while listing fees remained constant at ₹3.25 lakh compared to the prior year. Legal and professional fees decreased to ₹0.31 lakh from ₹0.51 lakh in the same quarter last year. Other income, comprising dividends and fair value gains, fell sharply to ₹0.50 lakh from ₹1.73 lakh in Q1FY25.

What the Numbers Show

The financial data highlights a structural cost burden relative to income generation. With zero revenue from operations, the company’s entire income stream relies on other income, which is volatile and insufficient to cover fixed costs such as listing fees (₹3.25 lakh) and employee benefits (₹2.52 lakh). The widening loss from ₹2.83 lakh to ₹6.23 lakh year-over-year indicates that fixed costs are rising faster than other income can offset them. Additionally, while comprehensive income showed a positive figure of ₹0.65 lakh due to items not reclassified to profit and loss, this does not reflect operational cash flow or profitability, underscoring the reliance on non-operational accounting adjustments to mitigate reported losses.