Simandhar Impex Limited has scheduled its third Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, as per regulatory guidelines.

The company filed its annual report for FY26 with the Bombay Stock Exchange on September 4, 2026. This filing was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, newspaper advertisements informing members about the AGM were published in Business Standard and Mumbai Lakshadeep on September 5, 2026, under Regulation 30 of SEBI LODR.

Key Dates and Voting Details

Shareholders can participate in the AGM via remote e-voting. The cut-off date for determining eligibility to vote is September 21, 2026.

Ankita Hande, Company Secretary and Compliance Officer, signed the disclosure documents. The notice convening the AGM and the annual report for FY26 will be sent electronically to members who have registered email addresses with the company or depositories. This process follows guidelines from the Ministry of Corporate Affairs and SEBI.

Simandhar Impex Limited reported a net loss of ₹6.56 lakh for the first quarter of FY27 (Q1FY27), ending June 30, 2026, reversing the ₹6.18 lakh profit recorded in the previous quarter. The decline was driven by a sharp drop in revenue from operations to ₹7.63 lakh against total expenses of ₹14.19 lakh, highlighting continued operational challenges following its recent corporate restructuring. The Board of Directors, meeting on August 05, 2026, approved these unaudited standalone financial results and substantial changes to the company’s capital structure.

The financial results were reviewed by the Audit Committee and approved by the Board in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Bohara Shah & Co., the statutory auditors, issued a limited review report on the statement, confirming that nothing came to their attention to suggest material misstatement. The results were signed off by Director & CEO Lalit Naresh Nagdev and Director & CFO Amit Suresh Ninawe.

Financial Performance Overview

Revenue from operations contracted significantly to ₹7.63 lakh in Q1FY27, down from ₹154.40 lakh in Q4FY26. This top-line weakness coincided with a rise in other expenses to ₹13.94 lakh, while purchases of stock-in-trade remained at nil. Total expenses stood at ₹14.19 lakh, resulting in an operating loss before tax of ₹6.56 lakh. Other income remained at nil throughout the period.

Note: Previous year figures have been regrouped where necessary for comparability.

Strategic Resolutions and Governance Changes

Beyond financial results, the Board focused on structural adjustments to support future growth. Key resolutions included increasing the borrowing limit from ₹100 crore to ₹500 crore under Section 180(1)(c) of the Companies Act, 2013. This move aims to fund expanded business activities under a revised strategic plan, subject to shareholder approval via special resolution. The Board also authorized the creation of mortgages and charges on movable and immovable assets to secure these funds.

The company proposed altering its Memorandum of Association (MoA) to broaden its object clauses, enabling it to act as an operating-cum-holding company engaged in trading, manufacturing, logistics, and investment activities. A new set of Articles of Association (AoA) will be adopted to align governance with SEBI Listing Regulations.

Internal Audit and Director Appointments

Pursuant to Section 138 of the Companies Act, 2013, the Board appointed M/s. V.K. Surana & Co., Chartered Accountants, as the Internal Auditor for FY27. The firm brings decades of experience in audit and advisory services.

Furthermore, the Board regularized the appointments of six additional directors, pending shareholder approval:

• Executive Directors: Amit Suresh Ninawe and Lalit Naresh Nagdev
• Non-Executive Non-Independent Directors: Chandraprakash Wadhvani and Neha Hardeepsingh Narang
• Non-Executive Independent Directors: Manish Tarachand Pande and Gaurav Patel

What the Numbers Show

The financial data reveals a transitional phase for Simandhar Impex. While Q4FY26 saw a spike in revenue linked to stock-in-trade purchases (₹81.99 lakh), Q1FY27 shows near-zero operational volume. The persistence of fixed costs, such as employee benefits (₹0.25 lakh) and other expenses (₹13.94 lakh), resulted in a loss despite lower overall expense levels compared to Q4. This divergence highlights the company’s current reliance on non-recurring or low-volume activities, with the newly approved borrowing capacity intended to bridge the gap until scaled operations commence.