Siddha Ventures reported a net loss of ₹5.13 lakh for the financial year ended March 31, 2026 (FY26), a sharp improvement from the ₹24.15 crore loss recorded in FY25. The company’s total income fell 63% year-on-year to ₹1.35 crore, while total expenditure contracted by 95% to ₹1.40 crore.

The Kolkata-based trading firm convened its 35th Annual General Meeting (AGM) on September 28, 2026, via video conferencing. Shareholders approved the re-appointment of Mr. Pradeep Sethia as a director and appointed Ms. Chaitali Paul as an independent woman director for a five-year term.

Financial Performance

Revenue from operations declined to ₹1.07 crore in FY26 from ₹3.36 crore in the previous year. Other income stood at ₹28.12 lakh, primarily driven by interest on loans.

The significant reduction in losses was largely due to a decrease in "Changes in Value of Shares Traded," which fell to ₹79.30 lakh from ₹27.66 crore in FY25. Employee benefit expenses rose to ₹16.41 lakh from ₹6.00 lakh, while other expenses increased to ₹44.65 lakh from ₹9.26 lakh.

What the Numbers Show

The company’s operational scale has contracted significantly, with revenue dropping below ₹1.10 crore. However, the balance sheet remains debt-free, with total assets at ₹14.62 crore against negligible current liabilities of ₹91,000. Cash and cash equivalents increased to ₹31.78 lakh from ₹6.53 lakh, indicating improved liquidity despite lower trading activity.

Corporate Governance & AGM

The Board recommended no dividend for FY26, citing the need to conserve resources. Key governance updates include:

• Director Appointments: Ms. Chaitali Paul was appointed as Independent Woman Director until the 40th AGM. Mr. Pradeep Sethia was re-appointed by rotation.
• Auditors: M/s Damle Dhandhania & Co continues as statutory auditor. M/s Vidhya Baid & Co was appointed as Secretarial Auditor for five years.
• Shareholding: Promoter holding remained unchanged at 5.76%. Approximately 77.57% of shares are held in demat form.

The company operates primarily in trading quoted and unquoted equities. Management noted that the trading environment remains dynamic, with the firm focusing on prudent risk management and working capital discipline.

Siddha Ventures has scheduled its 35th Annual General Meeting for Monday, September 28, 2026, at 10:30 am. The meeting will be conducted via Video Conferencing or Other Audio Visual Means from its registered office in Kolkata.

Board and Auditor Appointments

The agenda includes the re-appointment of Mr. Pradeep Sethia as a director liable to retire by rotation. Shareholders will also vote on the appointment of M/s Vidhya Baid & Co as the secretarial auditor for a five-year term ending in FY31.

Independent Women Director

A key special business item is the appointment of Ms. Chaitali Paul as an independent women director. Her five-year tenure will commence upon the conclusion of the AGM and run until the 40th AGM for FY31. The board has recommended her appointment based on her expertise in accounts and taxation.

Ms. Paul currently serves as a director in multiple private limited companies, including Pawansathi Builders Private Limited and Devpujan Residency Private Limited. She holds no shareholding in Siddha Ventures.

Voting and Participation Details

Remote e-voting will open on September 25, 2026, at 9:00 am and close on September 27, 2026, at 5:00 pm. The record date for determining voting eligibility is September 21, 2026. Institutional shareholders must submit board resolutions authorizing their representatives to vote.

Participation in the VC/OAVM facility is available on a first-come, first-served basis for up to 1,000 members. Large shareholders holding 2% or more equity, promoters, and institutional investors are exempt from this cap. Proxy appointments are not permitted for this meeting.