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.

Svaraj Trading & Agencies Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with a quarterly loss but a half-yearly profit.

Key Financial Highlights

Quarterly Results (Q2 FY2026)

Half-Yearly Results (H1 FY2026)

Quarterly Performance

For the quarter ended September 30, 2025, the company reported:

• Other income of Rs. 0.23 lakhs
• Total expenses of Rs. 20.75 lakhs
• Net loss of Rs. 20.52 lakhs

The loss was primarily attributed to:

• Employee benefits expense: Rs. 11.63 lakhs
• Depreciation and amortization expense: Rs. 4.85 lakhs
• Other expenses: Rs. 4.27 lakhs

The basic earnings per share (EPS) for the quarter stood at negative Rs. 0.14.

Half-Yearly Performance

Despite the quarterly loss, Svaraj Trading & Agencies showed a positive performance for the half-year period, reporting:

• Net profit of Rs. 81.89 lakhs
• Total income of Rs. 122.57 lakhs
• Total expenses of Rs. 40.68 lakhs

This indicates a significant improvement in the company's first-quarter results.

Balance Sheet Highlights

As of September 30, 2025, the company's financial position showed:

Cash Flow and Liquidity

The cash flow statement for the half-year ended September 30, 2025, revealed:

• Net cash flow from operating activities: Rs. 113.89 lakhs
• Net cash flow used in investing activities: Rs. 108.23 lakhs
• Net increase in cash and cash equivalents: Rs. 5.66 lakhs

The company's cash and cash equivalents increased from Rs. 4.98 lakhs at the beginning of the period to Rs. 10.64 lakhs by the end of September 2025.

Management Approval and Auditor's Review

The Board of Directors approved these results at their meeting held on November 13, 2025. The financial statements have been subjected to a limited review by G R A M and Associates LLP, Chartered Accountants, who have not expressed any material misstatements in their report.

Conclusion

While Svaraj Trading & Agencies Limited faced challenges in the recent quarter, resulting in a loss, the overall half-yearly performance shows resilience with a notable profit. The company's ability to maintain profitability and manage expenses effectively in the coming quarters may be of interest to investors and stakeholders.