Pervasive Commodities Board Approves Postal Ballot for Independent Director Appointment

Pervasive Commodities Limited has informed BSE Limited about the outcome of its Board meeting held on December 31, 2025, regarding the approval of a postal ballot for obtaining member consent on the appointment of an Independent Director.

Board Meeting Details

The Board of Directors convened at the company's registered office located at C-806, Titanium City Center, Near Sachin Tower, 100 Ft Road, Satellite, Ahmedabad, Gujarat. The meeting details are summarized below:

Parameter:	Details
Meeting Date:	December 31, 2025
Meeting Time:	3:30 PM to 4:15 PM
Duration:	45 minutes
Primary Agenda:	Postal ballot approval

Postal Ballot Resolution Details

The Board approved the Notice of Postal Ballot for a specific item of special business requiring member approval:

Resolution Details:	Information
Appointee:	Ms. Meenu Jain
Director Identification Number:	07072779
Position:	Non-Executive and Independent Director
Resolution Type:	Special Resolution
Term Duration:	5 consecutive years
Effective Period:	November 1, 2025 to October 30, 2030

Director Profile and Qualifications

Ms. Meenu Jain brings significant expertise to the Board with her professional qualifications and experience:

Qualification Details:	Information
Professional Membership:	Associate Member, Institute of Company Secretaries of India
Educational Background:	B.Com from Delhi University, LL.B. from CCS University
Experience:	11 years in Company Law, IT, Finance and Business Management
Date of Birth:	May 13, 1986
Initial Appointment:	November 1, 2025 (as Additional Director)
Current Directorships:	Giken Seiki Industries Limited, SRU Steels Limited, Seshachal Technologies Limited

Remote E-Voting Schedule

The company has established a comprehensive timeline for the remote e-voting process, which will be conducted exclusively through NSDL's electronic voting platform:

Timeline Component:	Details
Commencement Date:	January 1, 2026
Start Time:	9:00 AM (IST)
End Date:	January 30, 2026
End Time:	5:00 PM (IST)
Total Duration:	30 days
Cut-off Date:	December 26, 2025
Result Declaration:	By February 3, 2026

Regulatory Compliance and Process

The postal ballot process adheres to all regulatory requirements under the Companies Act, 2013 and SEBI regulations. CS Jay Pandya of M/s. Jay Pandya & Associates has been appointed as the Scrutinizer to conduct the voting process transparently. The company will send the postal ballot notice electronically only to members whose email addresses are registered with the company, RTA (Purva Sharegistry India Private Limited), or depositories as of the cut-off date.

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, signed by Fagun Chandrakant Soni, Managing Director (DIN: 10610730). The company operates under CIN L51909GJ1986PLC008539 and trades on BSE with security code 517172.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	-100.00%

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:

Particulars	Q2 FY26	Q1 FY26	Q2 FY25
Revenue from Operations	40.01	365.40	1,268.98
Total Income	56.25	394.44	1,268.98
Total Expenses	1,624.87	381.12	1,247.85
Net Profit/(Loss)	(1,565.16)	9.86	22.72

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.