Abhijit Trading Company has announced the resignation of Mr. Luv Sharma (DIN: 09480544) from his position as Non-Executive Independent Director, effective November 18, 2025. The resignation comes amidst concerns over the company's communication practices with its board members.

Reasons for Resignation

Mr. Sharma cited the following reasons for his departure:

• Inadequate receipt of board meeting notices
• Insufficient provision of necessary documents from the company
• Inability to effectively participate in board matters due to these communication challenges
• Persistent issues despite raising concerns multiple times

Impact on Board Composition

The resignation of Mr. Luv Sharma affects the company's board composition and raises questions about Abhijit Trading Company's corporate governance practices. This development may prompt investors and regulatory bodies to scrutinize the company's internal communication processes and board management procedures more closely.

Additional Board Changes

In a separate announcement, Abhijit Trading Company also disclosed the resignation of Ms. Babita Jain (DIN: 00560562), a Non-Executive & Non-Independent Director, effective November 19, 2025. Ms. Jain's resignation was attributed to personal reasons.

Current Directorships of Resigning Directors

Company Response

Abhijit Trading Company has confirmed receiving resignation letters from both directors, stating that there are no other material reasons for their resignations beyond those provided. The company has made these disclosures in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These resignations, particularly Mr. Sharma's departure citing communication issues, may prompt investors to seek more information about the company's corporate governance practices and internal communication protocols. It remains to be seen how Abhijit Trading Company will address these concerns and potentially improve its board communication processes in the wake of these developments.

Abhijit Trading Company has announced its 43rd Annual General Meeting (AGM) to be held on August 26, 2025, at 1:00 PM IST through video conferencing. The company has made several key decisions and appointments ahead of the AGM.

Financial Results and Dividend

For the financial year 2024-25, Abhijit Trading Company reported a total income of ₹103.69 lakhs, up from ₹81.48 lakhs in the previous year. The company's net profit increased significantly to ₹29.69 lakhs from ₹2.88 lakhs in the previous year. Despite the improved performance, the Board of Directors has not declared any dividend for the year.

New Appointments and Reappointments

The company has announced the following appointments and reappointments:

• M/s V R S K & Associates, Chartered Accountants, have been appointed as the new Statutory Auditors for a term of five consecutive years.
• M/s Parul Agrawal & Associates have been appointed as the Secretarial Auditor for the financial year 2025-26, subject to shareholder approval.
• Mr. Deepak Kumar Bhojak has been appointed as the Internal Auditor for five consecutive years starting from 2025-26.
• Mr. Asutosh Arun Sahu and Mr. Sanjay Tulsidas Bhanushali have been appointed as Additional Non-Executive Independent Directors, effective July 22, 2025, for a term of five years, subject to shareholder approval.
• Mrs. Babita Jain, who retires by rotation, is eligible for reappointment as a Director.

E-voting and Book Closure

The company has set August 19, 2025, as the cut-off date for determining voting eligibility. E-voting will be available from August 23, 2025 (9:00 AM) to August 25, 2025 (5:00 PM). The Register of Members and Share Transfer Books will remain closed from August 20, 2025, to August 26, 2025.

Other Key Points

• The company's paid-up share capital stands at ₹29,70,09,950, with 99.86% of shares in dematerialized form.
• Abhijit Trading Company reported borrowings of ₹311,620.00 lakhs as of March 31, 2025, compared to ₹81,417.00 lakhs in the previous year.
• The company's investments in shares of group companies exceed the limit prescribed under section 186 of the Companies Act 2013.

Shareholders are encouraged to attend the virtual AGM and participate in the e-voting process to exercise their voting rights on the resolutions proposed.