Sarvamangal Mercantile Company Limited members unanimously passed all resolutions at its 43rd Annual General Meeting held on September 16, 2026. The assembly approved the adoption of the company’s audited financial statements for the fiscal year ended March 31, 2026, alongside the reports of the Board of Directors and statutory auditors.

The meeting also saw the re-appointment of Vandana Somani as a director, replacing her term that expired by rotation. Both items were transacted as ordinary resolutions and received full support from the voting shareholders.

Voting Participation and Results

The company reported a total of 22 shareholders on the record date of September 11, 2026. Out of these, 8 members participated in the voting process, representing a significant portion of the shareholder base given the small number of total holders.

All voting was conducted through remote e-voting between September 13, 2026, and September 15, 2026. No votes were cast via physical ballot at the venue. The promoter group and public shareholders alike voted in favor of both resolutions without any dissenting votes.

Governance and Compliance

Smita Prabhu & Associates served as the scrutinizer for the voting process. The firm confirmed that the e-voting system provided by NSDL functioned correctly and that all procedures complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

The statutory auditors’ report and secretarial audit report contained no qualifications, indicating standard compliance with regulatory requirements for the period under review. The meeting was chaired by Managing Director Namrata Somani, with Independent Directors Rajiv Bafna and Surendran Nair in attendance.

Sarvamangal Mercantile reported a 76.92% decline in net profit for FY26, closing the year with ₹41.12 lakh compared to ₹178.19 lakh in FY25. The drop followed a sharp contraction in total income, which halved to ₹124.66 lakh.

The Mumbai-based company’s 43rd Annual General Meeting is scheduled for September 16, 2026. Shareholders will vote on the adoption of audited financial statements and the re-appointment of Mrs. Vandana Somani as a director.

Financial Performance

Total income fell by 50.65% year-on-year to ₹124.66 lakh from ₹252.60 lakh in the previous fiscal. Despite the revenue contraction, expenses rose slightly to ₹70.95 lakh from ₹63.71 lakh, pressuring margins further.

Current tax expenses increased to ₹12.58 lakh from ₹10.69 lakh. The net profit margin contracted significantly, reflecting the disproportionate fall in income against relatively stable operational costs.

What the Numbers Show

The divergence between revenue decline and expense growth highlights margin compression. While total income dropped by over 50%, expenses rose by more than 11%. This structural mismatch eroded profitability, causing net profit to fall at nearly twice the rate of the income decline.

Governance and Dividend

The Board of Directors did not recommend any dividend for FY26, citing the need to conserve resources. Mrs. Vandana Somani retires by rotation at the upcoming AGM and has offered herself for re-appointment.

Key managerial personnel remain unchanged, with Mrs. Namrata Somani serving as Managing Director, Mr. Rakesh Mhande as CFO, and Mr. S Venkatesan as Company Secretary. The authorized share capital stands at ₹50.00 lakh, with paid-up capital at ₹24.90 lakh.