Nature of Event

The document constitutes the notice and related materials for the 41st Annual General Meeting (AGM) of Twin Roses Trades & Agencies Limited, scheduled for September 30, 2026. This includes the full AGM notice, directors' report, audited financial statements for FY2025-26, and auditors' reports.

Key Quantitative Figures

  • Net Loss for FY26: ₹5.44 lakhs (compared to ₹2.73 lakhs loss in FY25)
  • Income for FY26: ₹19.68 lakhs (₹21.06 lakhs in FY25)
  • Expenses for FY26: ₹20.16 lakhs (₹18.48 lakhs in FY25)
  • Pre-tax Loss: ₹0.48 lakhs (₹2.58 lakhs profit in FY25)
  • Tax Expense: ₹4.96 lakhs (₹5.31 lakhs in FY25)
  • Net Worth: ₹281.90 lakhs as of March 31, 2026 (₹287.34 lakhs as of March 31, 2025)
  • Equity Share Capital: ₹224.10 lakhs (unchanged)
  • Cash and Cash Equivalents: ₹5.52 lakhs (₹2.65 lakhs in FY25)
  • Other Financial Assets: ₹287.49 lakhs (₹282.11 lakhs in FY25)
  • Current Liabilities: ₹14.12 lakhs (₹0.43 lakhs in FY25)
  • Basic/Diluted EPS: (₹0.24) per share ((₹0.12) per share in FY25)

Dates of Action

  • AGM Date: September 30, 2026 at 11:45 AM
  • E-voting Period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off Date for Voting Rights: September 23, 2026
  • Book Closure: September 18-21, 2026 (both days inclusive)
  • Financial Year End: March 31, 2026
  • Board Meeting Dates: 7 meetings held during FY26 on April 10, May 28, July 16, September 5, November 12, 2025, and February 10, March 12, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • E-voting Service Provider: KFin Technologies Limited
  • Statutory Auditors: N J Karia & Associates, Chartered Accountants
  • Secretarial Auditor: Rakhi Jethlia, Practicing Company Secretary
  • Scrutinizer: Devesh C Vasavada, Practicing Chartered Accountant
  • Directors: Udaykumar C. Damani (DIN: 00094367), Miten A. Raja (DIN: 09724525), Jyothi A. Menon (DIN: 09484769), Mehul R. Shah (DIN: 00094503)
  • Key Managerial Personnel: Bhavin S. Mehta (Company Secretary), Rupin V. Patel (CFO), Rajesh G. Patel (Manager)

Business to be Transacted at AGM

1. Adoption of audited financial statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Re-appointment of Shri Udaykumar C. Damani as director who retires by rotation

Financial and Operational Impact

  • The company continues to operate in general commodities trading business
  • No dividend recommended for FY26
  • No material changes or commitments affecting financial position between year-end and report date
  • No subsidiaries, associates or joint ventures
  • Company has no employees on payroll
  • Net worth decreased from ₹287.34 lakhs to ₹281.90 lakhs
  • Current ratio decreased significantly from 654.62 to 20.76 due to increase in current liabilities
  • Return on equity ratio worsened to -1.93% from -0.95%

Director Information for Re-appointment

  • Udaykumar C. Damani: Age 69 years, B.Com qualification, vast experience in audit, taxation, secretarial
  • First Appointment: May 19, 2003
  • Board Meetings Attended: 7 out of 7 in FY26
  • Shareholding: Nil
  • Remuneration: Nil
  • Other Directorships: Nil
  • Committee Memberships: Nil

E-voting Arrangements

  • Remote e-voting through KFin Technologies platform
  • EVEN (E-Voting Event Number): 10213
  • Insta Poll facility available at AGM venue for those not voting remotely
  • Scrutinizer appointed to oversee voting process

Other Disclosures

  • Company is exempt from corporate governance compliance due to size
  • No fraud reported by auditors
  • No material orders from regulators/courts
  • No CSR applicability
  • No sexual harassment complaints
  • No loans, investments, guarantees provided
  • Related party transactions limited to managerial remuneration