Surat Trade & Mercantile Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, rectifying inadvertent errors in the tabular disclosure regarding the materiality threshold for related party transactions. The EGM is scheduled for August 10, 2026, via Video Conferencing. The correction clarifies that the value of aggregate transactions during the year exceeded the prescribed materiality limit, necessitating shareholder ratification.

The company disclosed that the consolidated turnover for the year ended March 31, 2025, was ₹7090.04 Lakhs. Consequently, the materiality threshold calculated as 10% of the annual consolidated turnover was ₹709.004 Lakhs. The value of aggregate transactions during the year was ₹816.05 Lakhs, exceeding the threshold by ₹107.05 Lakhs.

The corrigendum provides specific details of the proposed transactions involving the sale of Arts & Artifacts. On June 3, 2025, one artifact was sold for ₹4,04,25,000. On November 26, 2025, two artifacts were sold for a total of ₹4,07,00,000. The total transaction value for these sales amounted to ₹8,11,25,000. Additionally, the company paid ₹4,80,000 as remuneration to Mr. Alok P. Shah during the Financial Year 2025-26.

Transaction Details

Arts & Artifacts Sales

All other contents of the EGM notice remain unchanged. The corrigendum has been dispatched to members and is available on the company's website.

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.