Twin Roses Trades & Agencies has scheduled its 41st Annual General Meeting for Wednesday, September 30, 2026. The meeting will convene at the company’s registered office in Mumbai to adopt the audited financial statements for the fiscal year ended March 31, 2026.

The primary agenda item involves the re-appointment of Shri Udaykumar C. Damani as a director. He retires by rotation and is eligible for re-appointment under Section 152 of the Companies Act, 2013. The Nomination and Remuneration Committee has recommended his re-appointment.

Financial Performance

The company reported a net loss of ₹5.44 lakh for FY26, widening from a loss of ₹2.73 lakh in the previous year. Total income declined 6.6% year-on-year to ₹19.68 lakh, while total expenses rose 8.6% to ₹20.16 lakh. The pre-tax loss stood at ₹0.48 lakh compared to a profit of ₹2.58 lakh in FY25.

Employee benefit expenses increased to ₹14.66 lakh from ₹12.72 lakh, driving the rise in overall costs. Other expenses remained relatively stable at ₹5.50 lakh. The board did not recommend any dividend for the year.

What the Numbers Show

The company’s income structure relies entirely on non-operating sources. Interest income from bank deposits accounted for the full ₹19.68 lakh of total revenue, with no revenue generated from core trading activities. This indicates the company is currently operating in a holding or dormant capacity regarding its primary business lines.

Balance Sheet Highlights

As of March 31, 2026, the company’s net worth decreased to ₹281.90 lakh from ₹287.34 lakh. Current assets totalled ₹293.01 lakh, dominated by other financial assets worth ₹287.49 lakh, primarily comprising current maturities of bank deposits. Cash and cash equivalents rose to ₹5.52 lakh from ₹2.65 lakh.

Current liabilities surged to ₹14.12 lakh from ₹0.43 lakh, largely due to an increase in other financial liabilities to ₹13.65 lakh. Despite this, the current ratio remains robust at 20.76 times, though down significantly from 654.62 times in the prior year due to the liability spike.

Corporate Governance

The board held seven meetings during the fiscal year, with full attendance from all directors. The Audit Committee convened six times, maintaining 100% attendance. Independent directors Shri Mehul R. Shah and Ms. Jyothi A. Menon were appointed effective March 31, 2025. The statutory auditors, M/s. N J Karia & Associates, confirmed their eligibility to continue for the term.

Twin Roses Trades & Agencies has fixed September 23, 2026 as the cut-off date for e-voting. This determines shareholder eligibility for the upcoming annual meeting.

The company notified the Bombay Stock Exchange of this decision on September 7, 2026. The cut-off date applies to shareholders holding shares in both physical and dematerialised forms.

Meeting Details

The 41st Annual General Meeting is scheduled to take place on September 30, 2026. Only shareholders on record as of the cut-off date will be entitled to cast their votes electronically.

The business to be transacted at the meeting includes standard agenda items for the fiscal year. Bhavin Suresh Mehta, Company Secretary, issued the intimation on behalf of the board.