Surat Trade & Mercantile Limited (formerly Surat Textile Mills Limited) conducted a separate meeting of Independent Directors on March 24, 2026, in compliance with regulatory requirements. The meeting was held through video conference and addressed key governance matters as mandated under SEBI regulations.

Regulatory Compliance and Meeting Framework

The meeting was conducted pursuant to Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule IV of the Companies Act, 2013. This regulatory framework requires companies to hold separate meetings of Independent Directors to ensure effective board governance and oversight.

Key Meeting Agenda Items

The Independent Directors addressed three critical areas during their deliberations:

Board Performance Evaluation

The Independent Directors conducted a comprehensive review of the performance of Non-Independent Directors and evaluated the Board's overall effectiveness. This assessment forms a crucial part of the company's governance framework, ensuring accountability and transparency in board operations.

Chairperson Performance Assessment

A significant portion of the meeting focused on reviewing the performance of the Company's Chairperson. The evaluation incorporated views and suggestions from all executive directors and independent directors, providing a comprehensive assessment of leadership effectiveness.

Information Flow Quality Review

The Independent Directors assessed the quality, quantity, and timeliness of information flow between the Company's management and the Board. This evaluation ensures that directors receive necessary information to effectively and reasonably perform their duties and make informed decisions.

Regulatory Disclosure

Company Secretary and Compliance Officer Mahek Gaurav Jaju communicated the meeting outcome to BSE Limited, fulfilling the mandatory disclosure requirements. The company maintains its listing on BSE with scrip code 530185, ensuring transparency with stakeholders and regulatory compliance.

Surat trade & mercantile Limited, formerly known as Surat Textile Mills Limited, has announced the approval of its unaudited financial results for the quarter and nine months ended 31st December 2025. The company's Board of Directors convened to review and approve the quarterly financial performance under regulatory compliance requirements.

Board Meeting Details

The Board of Directors meeting was held on Saturday, 14th February 2026, where the unaudited financial results along with Limited Review Report were considered and approved. The meeting proceedings were conducted efficiently within a structured timeframe.

Regulatory Compliance

The financial results announcement follows strict adherence to SEBI regulations and disclosure requirements. The company has ensured compliance with multiple regulatory frameworks governing listed entities.

Key regulatory aspects include:

• Results approved under Regulations 30 and 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• Limited Review Report accompanies the unaudited financial results
• Extract of results will be published in newspapers pursuant to Regulation 47
• Results made available on company website at www.stml.in

Trading Window Closure

Following the financial results announcement, Surat Trade and Mercantile Limited has implemented a mandatory trading window closure. The trading window for dealing in the company's securities shall remain closed until 48 hours from the announcement, ensuring fair disclosure and preventing insider trading.

Company Information

Surat Trade and Mercantile Limited operates from its registered office located at 6th Floor, Tulsi Krupa Arcade, Near Aai Mata Chowk, Puna Kumbharia Road, Dumbhal, Surat, Gujarat. The company secretary Mahek Gaurav Jaju signed the regulatory filing, confirming the board meeting outcomes and compliance procedures.