Abhijit Trading Co Ltd has announced a change in its board composition following the resignation of an independent director. The company disclosed this development in compliance with regulatory requirements to BSE Limited on December 23, 2025.

Director Resignation Details

Mr. Bhupendra Kaushik (DIN: 07016552), who served as Non-Executive Independent Director, resigned from the board effective November 18, 2025. The resignation was attributed to personal reasons and unavoidable circumstances.

Regulatory Compliance

The company has confirmed receipt of confirmation from Mr. Kaushik that there are no other material reasons for his resignation beyond those stated in the resignation letter. This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation letter, dated December 23, 2025, was addressed to the Board of Directors and included the director's confirmation that the departure was due to personal and unavoidable reasons only.

Other Directorships

According to the disclosure, the resigning director holds directorships in several other listed entities:

• Alstone Textiles (India) Limited
• India Solomon Holdings Limited
• Sital Leasing and Finance Ltd
• Sunshine Capital Limited

Company Information

Abhijit Trading Co Ltd, formerly known as Abhijit Trading Co. Limited, is registered in Mumbai, Maharashtra. The company's disclosure was signed by Managing Director Virendra Jain (DIN: 00530078) on behalf of the Board of Directors.

Abhijit Trading Company Limited (ISIN: INE994N01019) recently held an Extra-Ordinary General Meeting (EGM) on November 25, 2025, where shareholders passed two significant special resolutions through remote e-voting. The meeting, conducted via video conferencing, saw the participation of nine public shareholders.

Key Resolutions Passed

1. Company Name Change and Constitutional Alterations: Shareholders approved changes to the company's name and alterations to its constitutional documents.

2. Business Expansion: A resolution to add new business objects to the company's memorandum of association was also passed.

Both resolutions received the requisite majority, as confirmed by the appointed scrutinizer, Parul Agrawal.

Financial Overview

While the EGM focused on structural changes, it's worth noting the company's recent financial position. As of March 2025, Abhijit Trading Company's balance sheet shows significant growth across various metrics:

The company has shown remarkable growth in its asset base and equity, which may have influenced the decision to expand its business objects. The substantial increase in investments, from ₹424.00 crore to ₹2,977.50 crore, suggests a strategic shift in the company's financial approach.

Implications and Outlook

The approval of these resolutions indicates that Abhijit Trading Company is positioning itself for significant changes:

1. The name change and constitutional alterations could signal a rebranding effort or a shift in the company's core focus.
2. The addition of new business objects to the memorandum of association suggests that the company is planning to diversify its operations or enter new markets.

These changes, coupled with the company's substantial financial growth, point towards a potentially transformative period for Abhijit Trading Company Limited. Shareholders and market observers will likely be keen to see how these structural changes translate into operational and financial performance in the coming quarters.

As the company moves forward with these approved changes, it will be crucial to monitor how they align with and potentially accelerate the already impressive financial growth trajectory evident in the latest balance sheet figures.