Trio Mercantile & Trading Limited convened a Board of Directors meeting on Friday, May 15, 2026, at its registered office in Borivali (W), Mumbai, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The results were reviewed by the Audit Committee prior to board approval and have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), as prescribed under Section 133 of the Companies Act, 2013. The statutory auditor, M/s Bilimoria Mehta & Co., Chartered Accountants, issued an audit report carrying an unmodified opinion on the standalone financial results.

Financial Performance Overview

The company's total revenue for FY26 rose to ₹353.462 lacs from ₹236.900 lacs in the previous year, driven by higher revenue from operations and other income. Revenue from operations for FY26 stood at ₹275.528 lacs compared to ₹165.140 lacs in the prior year, while other income was ₹77.934 lacs against ₹71.760 lacs previously. Total expenses for FY26 were ₹344.908 lacs versus ₹242.260 lacs in the prior year. The company reported a net loss of ₹5.364 lacs for FY26, marginally narrower than the net loss of ₹5.420 lacs recorded in the previous year.

The following table presents the key financial metrics for the quarter and year ended March 31, 2026 (Rupees in Lacs):

Expense Breakdown

The primary cost driver for FY26 was the purchase of stock-in-trade, which stood at ₹268.801 lacs compared to ₹161.760 lacs in the prior year, consistent with the company's single-segment trading operations. Employee benefits expense declined to ₹15.798 lacs from ₹19.800 lacs, while other expenses were ₹54.480 lacs against ₹64.700 lacs previously. Finance costs increased to ₹4.155 lacs from ₹0.900 lacs, and depreciation and amortisation expense was ₹0.338 lacs versus ₹0.260 lacs in the prior year. An exceptional item of ₹9.930 lacs was recorded during FY26, which impacted the profit before tax for the full year.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹2,925.185 lacs compared to ₹2,761.832 lacs as at March 31, 2025. The following table summarises the key balance sheet figures (Rupees in Lacs):

Cash Flow Summary

The cash flow statement for FY26 was prepared under the indirect method as per Ind AS 7. Net cash used in operating activities was ₹(367.82) lacs for FY26, compared to a net cash inflow of ₹67.36 lacs in FY25. Net cash from investing activities was ₹212.34 lacs, while net cash from financing activities was ₹134.58 lacs. As a result, cash and cash equivalents decreased by ₹(20.90) lacs during FY26, with the closing balance standing at ₹18.64 lacs compared to an opening balance of ₹39.54 lacs.

Auditor's Note and Compliance

The statutory auditor drew attention to the fact that the company has extended unsecured interest-free loans to certain parties, which is subject to the provisions of Section 186(7) of the Companies Act, 2013. However, the auditor confirmed that the opinion on the financial results is not modified in respect of this matter. The company's operations pertain to a single segment, namely trading. The Board also considered and recorded the Annual Disclosure of Interest received from the Directors upon closure of the financial year, and a declaration regarding unmodified opinion was submitted to BSE Limited in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trio Mercantile & Trading Limited has announced the re-appointment of Meenakshi Manish Jain & Associates as the Internal Auditor of the company for the financial year 2026-27. The decision was taken by the Board of Directors during a meeting held on April 30, 2026, which commenced at 12.00 noon and concluded at 12.20 p.m.

Board Meeting Details

The re-appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board's decision was based on the recommendation of the Audit Committee. The appointment is effective from April 1, 2026 to March 31, 2027.

Internal Auditor Profile

Meenakshi Manish Jain & Associates (Firm Registration Number 145031W) is a specialist firm with over 10 years of experience in providing internal audit services to listed companies. The firm has significant experience working across the service industry as well as the manufacturing sector, serving a wide spectrum of clients.

Disclosure Summary

The disclosure has been made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Deepak Mehta, Managing Director (DIN: 00046696), signed the communication on behalf of the company.