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 filed an application with BSE Limited seeking no objection for reclassification of two shareholders from promoter and promoter group categories to public category. The company submitted the formal application on February 12, 2026, following board approval granted on February 10, 2026.

Board Approval and Application Details

The Board of Directors unanimously approved reclassification requests from two shareholders under Regulation 31A of SEBI Listing Regulations. The board meeting held on February 10, 2026, analyzed that both applicants met the prescribed conditions for reclassification.

Shankar Das Vairagi, currently classified as a promoter, holds no equity shares in the company. Mukesh Vaishnav holds 4,36,660 equity shares representing 2.96% of the company's total shareholding under the promoter group category.

Regulatory Compliance and Documentation

The company has submitted formal intimation to BSE Limited pursuant to Regulation 31A of SEBI Listing Regulations. Both shareholders provided comprehensive declarations confirming compliance with regulatory conditions including voting rights limitations, absence of control mechanisms, and no board representation.

Application Process and Next Steps

The reclassification application was filed with BSE Limited on February 12, 2026, in continuation of earlier intimations dated February 07, 2026, and February 10, 2026. The application seeks BSE's no objection for the proposed reclassification from promoter and promoter group categories to public category.

Company Secretary & Compliance Officer Vandana Ramesh Joshi has been authorized to handle necessary documentation and submissions to BSE Limited. The reclassification remains subject to BSE's no objection and subsequent shareholder approval as per regulatory requirements.