Oriental Trimex Limited appointed Naveen Joshi as an additional non-executive independent director effective September 1, 2026. The board also approved the company’s financial results for FY26 and scheduled its 30th annual general meeting for September 28, 2026.

The appointment strengthens the company’s governance structure ahead of the upcoming shareholder meeting. Mr. Joshi brings over 45 years of experience in export-import policy, customs, and GST matters to the board.

Board Meeting Outcomes

The board meeting held on September 1, 2026, concluded with several key administrative and governance approvals:

• Approval of the Board Report for the financial year ended March 31, 2026.
• Scheduling of the 30th Annual General Meeting (AGM) for September 28, 2026.
• Appointment of Mr. Vivek Kumar, Proprietor of V Kumar & Associates, as the scrutinizer for the AGM.
• Appointment of M/S Bhawana And Associates as the internal auditor for FY27.

Director Profile

Mr. Naveen Joshi was appointed for a term of five consecutive years, subject to shareholder approval. His expertise covers international trade regulations, import licenses, and goods and services tax compliance.

The company disclosed that Mr. Joshi is not related to any promoters or existing directors. He is not debarred from holding office by SEBI or other authorities.

Internal Audit Appointment

M/S Bhawana And Associates, a cost accountant firm, was appointed as the internal auditor for the financial year 2026-27. The firm specializes in internal audit, secretarial audit, and regulatory compliance under the Companies Act, 2013.

This appointment aims to strengthen internal controls and ensure adherence to statutory requirements for the upcoming fiscal year.

Oriental Trimex Limited reported a net profit of ₹81.98 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 37.8% year-on-year increase from ₹59.56 lakh in Q1FY26. The marble flooring manufacturer saw its revenue from operations surge 364% to ₹797.83 lakh total revenue (₹787.88 lakh from operations), driven by strong demand in its single segment business. This top-line growth translated directly to the bottom line, with operating leverage helping expand profit margins despite higher material costs.

The Board of Directors approved the unaudited financial results at a meeting held on August 10, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aditya S Jain and Co., the company’s statutory auditors, issued their review report on the standalone financial results, confirming that the statements were free of material misstatement based on their review under Standard on Review Engagement (SRE) 2410.

Financial Performance Highlights

Revenue from operations jumped to ₹787.88 lakh from ₹169.85 lakh in the corresponding quarter of the previous year. Other income contributed ₹9.95 lakh, bringing total revenue to ₹797.83 lakh. While expenses rose 154% to ₹687.65 lakh, primarily due to increased purchases of stock-in-trade (₹676.81 lakh vs ₹88.60 lakh last year), the cost of materials consumed remained relatively stable at ₹121.42 lakh compared to ₹139.09 lakh in Q1FY26. Employee benefit expenses increased moderately to ₹37.60 lakh from ₹30.54 lakh.

What the Numbers Show

The most significant operational shift is the dramatic improvement in inventory management and sales conversion. In Q1FY26, the company recorded a negative change in inventories of ₹185.55 lakh, indicating stock buildup. In Q1FY27, this figure widened to ₹262.68 lakh reduction, suggesting robust movement of finished goods and stock-in-trade. This efficient inventory turnover, combined with stable material costs relative to sales volume, allowed the company to achieve a pre-tax margin of approximately 13.8%, up from 22.8% in Q1FY26 when adjusted for the lower base. The earnings per share rose to ₹0.15 from ₹0.11, reflecting the direct impact of volume growth on profitability. No dividend was declared for the quarter.