Saianand Commercial Limited has confirmed the book closure dates for its upcoming Annual General Meeting scheduled for September 25, 2026. The company notified BSE Limited via a filing dated September 2, 2026, detailing the record date and e-voting window.

The register of members and share transfer books will remain closed from Friday, September 18, 2026, to Friday, September 25, 2026 (both days inclusive). This closure is to determine the shareholders eligible to vote at the AGM.

Meeting Details

The 42nd AGM will be held at Regus Suburb Centres in Mumbai. The primary agenda includes the adoption of audited financial statements for FY26 and the reappointment of Milan Khatri as a director.

Voting and Record Date

Shareholders holding equity shares as of the cut-off date, September 18, 2026, are eligible to vote. Remote e-voting through NSDL will be open from 9:00 am on September 22, 2026, until 5:00 pm on September 24, 2026.

Director Reappointment

Milan Khatri retires by rotation and offers himself for reappointment. He holds expertise in HR and business administration. Khatri does not hold any shares in the company as of March 31, 2025, nor does he draw remuneration. He is married to Kajal Khatri, a non-executive director of the company.

Saianand Commercial Limited reported a net loss of ₹2.61 lakh for the first quarter of FY26 (Q1FY26), ending June 30, 2026, compared to a net profit of ₹23.15 lakh in the corresponding quarter of the previous fiscal year. The deterioration in profitability was driven by a significant decline in revenue from operations, which fell to ₹6.59 lakh from ₹34.03 lakh in Q1FY25. This sharp contraction in top-line growth underscores weakening operational performance during the period.

The Board of Directors approved the unaudited standalone financial results on August 6, 2026, pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Bipin & Co., Chartered Accountants. The company operates in a single segment and has not provided separate segment results.

Financial Performance

Revenue from operations for Q1FY26 stood at ₹6.59 lakh, primarily comprising other operating revenue of ₹6.59 lakh. There was no gross revenue from the sale of products reported for the quarter. In contrast, total expenses amounted to ₹9.20 lakh, leading to an operating loss before exceptional items of ₹2.61 lakh. Employee benefit expenses accounted for ₹3.44 lakh, while other expenses totaled ₹5.76 lakh. Finance costs were nil for the quarter.

What the Numbers Show

The shift from profitability to a net loss highlights a divergence between revenue generation and cost management. While total expenses decreased to ₹9.20 lakh from ₹10.88 lakh in Q1FY25, the decline in revenue was disproportionately larger, dropping by approximately 80%. The absence of finance costs in Q1FY26, compared to nil in Q1FY25 but present in Q4FY25, suggests improved short-term liquidity or debt reduction, yet this did not offset the operational revenue shortfall. The basic earnings per share turned negative at ₹(0.00), reflecting the impact of the net loss on shareholder value.

The statutory auditors, Bipin & Co., conducted their review in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. They expressed no qualifications, stating that nothing came to their attention to cause them to believe that the statement had not been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) or Regulation 33 of the Listing Regulations. The paid-up equity share capital remained unchanged at ₹2,272.00 lakh.