Svaraj Trading & Agencies Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a mixed performance with quarterly losses offset by nine-month profitability. The Board of Directors approved these results during their meeting held on February 10, 2026.

Quarterly Performance Analysis

The company's third quarter performance reflected operational challenges, with the following key metrics:

The quarterly results show no revenue from operations during Q3 FY26, similar to the corresponding quarter last year. However, the net loss increased to ₹22.37 lakhs compared to ₹14.53 lakhs in Q3 FY25, primarily due to higher operational expenses.

Nine-Month Performance Highlights

Despite quarterly challenges, the nine-month period demonstrated a remarkable turnaround:

The nine-month results mark a significant operational milestone with the company generating ₹122.34 lakhs in revenue from operations, compared to no operational revenue in the corresponding period last year.

Expense Structure and Cost Management

The company's expense breakdown for Q3 FY26 reveals the following cost structure:

• Employee Benefits Expense: ₹13.16 lakhs (vs ₹10.80 lakhs in Q3 FY25)
• Depreciation and Amortization: ₹4.89 lakhs (vs ₹0.24 lakhs in Q3 FY25)
• Other Expenses: ₹4.32 lakhs (vs ₹3.48 lakhs in Q3 FY25)
• Total Expenses: ₹22.37 lakhs (vs ₹14.53 lakhs in Q3 FY25)

For the nine-month period, total expenses stood at ₹63.04 lakhs compared to ₹46.66 lakhs in the previous year, reflecting increased operational activity and infrastructure investments.

Financial Position and Capital Structure

The company maintains a stable capital structure with:

The equity share capital has remained consistent across all reported periods, indicating no dilution or capital restructuring activities.

Regulatory Compliance and Audit Status

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The unaudited results were reviewed by the Audit Committee and subjected to limited review by statutory auditors G R A M and Associates LLP. The auditors confirmed that nothing came to their attention suggesting material misstatements in the financial results.

The company's transformation from consistent losses to nine-month profitability, coupled with the resumption of operational revenue, indicates potential business recovery despite quarterly volatility. The results demonstrate the company's efforts to rebuild its operational capabilities while managing cost structures effectively.

Svaraj Trading & Agencies Limited has scheduled a board meeting for February 10, 2026, to deliberate on requests for reclassification of shareholding categories under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received formal applications dated February 7, 2026, from two individuals seeking to move from promoter and promoter group categories to public category.

Reclassification Requests Details

The company has received requests from two members of its promoter group seeking reclassification to public shareholding category:

Shankar Das Vairagi, currently classified as a promoter, holds no equity shares in the company and has cited his advanced age as a reason for non-involvement in day-to-day management. Mukesh Vaishnav, classified under the promoter group category, holds 4,36,660 equity shares representing 2.96% of the company's total shareholding.

Regulatory Compliance and Declarations

Both applicants have submitted comprehensive declarations in accordance with Regulation 31A requirements. The key undertakings include confirmation that they, along with related persons, do not hold more than ten percent of total voting rights and do not exercise control over company affairs directly or indirectly.

The applicants have also declared they:

• Have no special rights through formal or informal arrangements
• Are not represented on the board of directors
• Do not act as key managerial persons
• Are not wilful defaulters as per RBI guidelines
• Are not fugitive economic offenders
• Have no pending regulatory actions against them

Board Meeting and Next Steps

The Board of Directors will consider these reclassification requests in their meeting scheduled for February 10, 2026. Following board approval, the company will need to make the requisite application to BSE Limited in accordance with SEBI Listing Regulations.

Both applicants have committed to extending full cooperation and providing necessary information and documents to facilitate the reclassification process. They have also undertaken to comply with ongoing regulatory conditions for a minimum period of three years from the date of reclassification.

Corporate Communication

The formal intimation to BSE Limited was signed by Vandana Joshi, Company Secretary and Compliance Officer, on February 7, 2026. The company has provided all relevant request letters as enclosures to ensure transparency in the reclassification process.