Trans India House Impex reported a 48% year-on-year increase in standalone net profit to ₹15.17 crore for FY26, driven by revenue growth and significantly lower finance costs.

The Ahmedabad-based trading firm saw its total revenue from operations rise 43% to ₹6,440.9 crore (₹652.5 crore including other income) compared to ₹4,309.7 crore in the previous year. Consolidated net profit attributable to equity shareholders grew to ₹17.26 crore from ₹10.23 crore in FY25.

Financial Performance

The improvement in profitability was supported by a sharp decline in interest expenses. Finance costs fell 34% to ₹177.2 crore from ₹268.9 crore in FY25, despite the revenue expansion. EBITDA (profit before depreciation, finance cost, and exceptional items) stood at ₹398.1 crore for the standalone entity, down slightly from ₹424.2 crore in the prior year.

Capital Raise and Balance Sheet

During the fiscal year, the company completed a rights issue, raising approximately ₹493.8 crore by issuing 3.55 crore equity shares at ₹13.90 per share. The proceeds were fully utilized for working capital requirements and general corporate purposes as of March 31, 2026.

Total borrowings decreased significantly to ₹1,721.7 crore from ₹3,317.9 crore in FY25, aided by the capital infusion. However, trade receivables increased to ₹13,137.1 crore from ₹9,655.9 crore, reflecting the higher sales volume.

Corporate Governance and Related Parties

The company is seeking shareholder approval for material related-party transactions with entities including Upwise Business Consultants Private Limited, Trans India Ecofuel Private Limited, Trans Infra Biz Buildcon LLP, and its subsidiary TIHIL IDA Group Private Limited. The proposed transactions cover purchases, sales, loans, and investments, with a limit not exceeding ₹50 crore per transaction for each entity over the next three financial years.

What the Numbers Show

A key divergence in the financials is the drop in EBITDA despite strong revenue growth. While revenue surged nearly 50%, EBITDA contracted by approximately 6%. This suggests that gross margins or operating efficiencies did not scale proportionally with the top-line growth, although the substantial reduction in finance costs ultimately boosted the bottom line significantly.

Trans India House Impex Limited has scheduled its 38th Annual General Meeting for Friday, September 25, 2026 at 2:00 pm, to be held via Video Conferencing or Other Audio Visual Means.

The AGM notice, dated August 13, 2026, was filed with BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will cover both ordinary and special business, including adoption of audited financial statements for the financial year ended March 31, 2026, re-appointment of a director retiring by rotation, and shareholder approval for material related party transactions with four entities.

Key AGM dates and e-voting schedule

Shareholders eligible to vote are those recorded on the cut-off date of September 18, 2026. Remote e-voting through NSDL opens on September 22, 2026 at 9:00 am and closes on September 24, 2026 at 5:00 pm. E-voting is also available on the day of the AGM for members attending via VC/OAVM who have not already cast their vote remotely.

Ordinary business

Members will consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and auditors. The meeting will also take up the re-appointment of Mayank Suresh Jolly (DIN: 09366175) as a director, who retires by rotation and is eligible for re-appointment. Mayank Suresh Jolly holds 46,80,026 equity shares in the company and last drew a remuneration of ₹5.50 lakh. He holds a diploma in hotel management and has experience in trading of ceramic, construction, and trading of construction equipment.

Material related party transactions

Four special business resolutions seek shareholder approval for material related party transactions with the following entities, each with a per-transaction limit of ₹50.00 crore, to be entered during FY 2026-27, FY 2027-28, and FY 2028-29:

Each proposed transaction, as a percentage of the company's annual consolidated turnover for the immediately preceding financial year, stands at 12.12%. The Audit Committee has confirmed that all proposed transactions are at arm's length and in the ordinary course of business. Anurag Jolly, Chief Financial Officer, is identified as an interested party in these transactions.

The types of transactions proposed for each related party across the three financial years include purchase of goods, sale of goods, loans to be taken, loans to be given, investments to be made, investments to be received, rent or leasing of property, consultancy income, consultancy expense, interest income, and interest expense. The interest rate, maturity, repayment schedule, and security terms for any loan transactions are to be decided by the Audit Committee and Board of Directors on an arm's length basis.

AGM participation and scrutinizer

The AGM will be accessible via NSDL's e-voting platform. Up to 1,000 members may join on a first-come-first-served basis, excluding large shareholders holding 2% or more, promoters, institutional investors, directors, and key managerial personnel. CS Kunal Sharma, Proprietor of M/s. Kunal Sharma & Associates, Practicing Company Secretary (CP No. 12987, Membership No. FCS 10329), has been appointed as scrutinizer for the e-voting process. Results will be declared within two working days of the AGM and published on the company's website and NSDL's e-voting portal.