Pervasive Commodities Limited , a Gujarat-based company, has reported a significant net loss of Rs 1,568.62 crore for the quarter ended September 30, 2025. This stark reversal comes after the company posted a profit of Rs 21.12 crore in the previous quarter.

Financial Performance

The company's financial results, approved by the Board of Directors on November 12, 2025, reveal a drastic decline in performance:

All figures in Rs crore

Reasons for the Loss

The primary reason for this substantial loss was the destruction of the company's perishable natural stock-in-trade. The entire stock-in-trade was destroyed and written off to nil value. Compounding the issue, the company had no insurance coverage in place for its stock, resulting in the entire loss being borne by the company.

Working Capital and Advances

Pervasive Commodities disclosed that it has utilized share warrant proceeds over the past six months for working capital requirements. A significant portion of these funds has been extended as advances to suppliers for a prolonged period. The management has indicated that the goods corresponding to these advances are expected to be received shortly.

Impact on Share Value

The loss has had a severe impact on the company's earnings per share (EPS). The basic EPS for the quarter stood at a negative Rs 164.37, compared to a positive Rs 1.04 in the previous quarter and Rs 2.39 in the same quarter last year.

Auditor's Review

VS SB & Associates, the company's chartered accountants, conducted a limited review of the financial results. While they did not express any audit opinion, they highlighted the significant losses due to stock destruction and the utilization of share warrant proceeds as matters of importance.

Looking Ahead

The massive loss and the circumstances surrounding it raise questions about Pervasive Commodities' risk management practices and future strategies. Investors and stakeholders will likely be watching closely to see how the company plans to recover from this setback and what measures it will implement to prevent similar occurrences in the future.

As the company navigates through this challenging period, its ability to manage its supply chain, implement proper insurance coverage, and effectively utilize its working capital will be crucial for its recovery and future growth.

Pervasive Commodities has announced significant changes to its board composition and key committees, effective November 1, 2025. The company has appointed Ms. Meenu Jain as an Additional Non-Executive Independent Director and subsequently restructured its Audit Committee and Nomination and Remuneration Committee.

New Independent Director Appointment

Ms. Meenu Jain, holding the Director Identification Number (DIN) 07072779, brings a wealth of experience to Pervasive Commodities. Her appointment as an Additional Non-Executive Independent Director comes with an impressive background:

• Professional Qualifications:

  • Associate Member of the Institute of Company Secretaries of India
  • Commerce graduate from Delhi University
  • LLB degree from CCS University

• Experience: Approximately 11 years in various fields including:

  • Company Law Compliances
  • Information Technology
  • Finance Management
  • Business Management

Committee Reconstitutions

Following Ms. Jain's appointment, Pervasive Commodities has reconstituted two of its key committees:

Audit Committee

Nomination and Remuneration Committee

The company has confirmed that there is no relationship between Ms. Jain and the existing directors, ensuring independence in decision-making processes.

These changes reflect Pervasive Commodities' commitment to strengthening its corporate governance structure and bringing diverse expertise to its board. The appointment of Ms. Jain and the subsequent committee restructuring are expected to contribute to the company's strategic direction and compliance efforts.