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.

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.