Surat Trade and Mercantile Limited has closed its trading window for designated persons and their immediate relatives effective July 1, 2026, to prevent potential insider trading ahead of its quarterly financial results. The restriction will remain in force until 48 hours after the company declares its financial results for the quarter ended June 30, 2026. This move ensures compliance with regulatory standards aimed at maintaining market integrity during sensitive periods.

The closure follows the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended. The decision aligns with further clarifications provided by BSE Limited via its letter reference LIST/COMP/01/2019-20 dated April 2, 2019, which outlines the required trading restriction periods for listed entities.

Compliance Details

The company has communicated this schedule to the Department of Corporate Services at BSE Limited. The filing confirms that the blackout period applies strictly to designated persons and their immediate relatives, prohibiting them from trading in the company's securities during the specified timeframe.

The trading window closure is a standard procedural step implemented by listed companies ahead of financial announcements. By restricting trading activities, Surat Trade and Mercantile Limited mitigates the risk of unpublished price-sensitive information influencing market transactions.

Surat Trade and Mercantile reported a net profit of ₹1097.60 lakh for the financial year ended March 31, 2026, a decline from ₹1166.01 lakh in the previous year. Revenue from operations for FY26 rose to ₹11134.58 lakh compared to ₹6863.70 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹43.50 lakh, contrasting with a profit of ₹250.51 lakh in the preceding quarter. The Board of Directors at its meeting held on May 26, 2026, approved the re-appointment of Mr. Suhail P. Shah as Wholetime Director designated as Executive Director. The company published its audited financial results in Loksatta and The Indian Express on May 27, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for FY26 stood at ₹12513.14 lakh, up from ₹8346.14 lakh in the previous year. Total expenses increased to ₹11113.79 lakh from ₹7417.55 lakh in FY25. The board approved the audited financial results prepared under Indian Accounting Standards (Ind AS). Statutory auditors M/s Sharp & Tannan Associates issued an unmodified opinion on the results.

Board Decisions and Appointments

The Board approved the re-appointment of Mr. Suhail P. Shah as Wholetime Director designated as Executive Director for a period of five years effective from September 1, 2026, subject to shareholder approval. Mr. Shah holds a Postgraduate degree and a Doctorate in Theoretical Physical Chemistry from The University of Chicago and has over 10 years of experience in research. He is related to Mr. Alok P. Shah, the Managing Director, as a brother. Ms. Ankita Prasiddha Shroff was appointed as Company Secretary and Compliance Officer effective May 26, 2026. Additionally, M/s K. S. Jagirdar & Co., Chartered Accountants, were re-appointed as Internal Auditors for the year 2026-27.

Operational Notes

The company recognized an impairment loss of ₹30.54 lakhs during the year regarding the reclassification of certain land and buildings as Investment Property. The figures for the quarter ended March 31, 2026, are balancing figures between the audited full-year results and the limited reviewed year-to-date figures.