Varun Mercantile has fixed September 23, 2026, as the cut-off date for e-voting ahead of its 41st Annual General Meeting.

The company announced the date to ascertain the names of shareholders entitled to cast votes electronically. This applies to shareholders holding shares in both physical and dematerialised forms.

Meeting Details

The 41st Annual General Meeting is scheduled to be held on September 30, 2026. Shareholders must be on record by the specified cut-off date to participate in the electronic voting process for the business to be transacted.

The intimation was issued on September 7, 2026, by Piyush Jaysukh Oza, Company Secretary.

Varun Mercantile has scheduled its 41st Annual General Meeting (AGM) for September 30, 2026, to transact ordinary and special business items, including the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The company reported a net profit of ₹12.47 lakh for FY26, a decline from ₹13.00 lakh in the previous year. Total income remained virtually flat at ₹37.85 lakh, compared to ₹37.86 lakh in FY25, while total expenses rose slightly to ₹15.84 lakh from ₹15.29 lakh.

Key Financial Highlights

The company’s net worth increased to ₹551.62 lakh as on March 31, 2026, up from ₹539.15 lakh in the prior year. The Board did not recommend any dividend for the year under review.

What the Numbers Show

Varun Mercantile’s revenue profile is heavily dependent on non-operating income. Interest income from bank fixed deposits constituted ₹37.85 lakh of the total ₹37.85 lakh income for FY26, indicating that the company’s profitability is derived entirely from investment returns rather than core trading operations. This structural reliance is further evidenced by the absence of revenue from operations in the profit and loss statement.

Governance and Appointments

Shareholders will vote on the re-appointment of Sanjay T. More as a Director, who retires by rotation. More, who has over 12 years of experience in banking and treasury, does not draw a remuneration from the company.

Additionally, the Board seeks approval for the re-appointment of Ms. Kirti B. Chaudhari as Manager for a five-year term effective September 2, 2026. Her proposed remuneration is set at ₹8.89 lakh per annum, inclusive of salary, perquisites, and allowances. Chaudhari brings over 12 years of experience in accounts and indirect taxation.

E-Voting Details

Remote e-voting will be open from 9:00 am on September 26, 2026, to 5:00 pm on September 29, 2026. The cut-off date for voting rights is September 23, 2026. KFin Technologies Limited serves as the e-voting agency.