AGM Details

The 31st Annual General Meeting is scheduled to be held on Wednesday, 30th September, 2026, at 5:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means. The registered office shall be deemed to be the venue of the AGM.

Business Items for AGM

Ordinary Business:

1. To consider and adopt Audited Standalone Financial Statements for year ended 31st March 2026 with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Yash Arun Chaudhary (DIN: 10530036) as Director retiring by rotation

3. Appointment of M/s. Nirav S. Shah & Co., Chartered Accountants (Firm Registration No. 130244W) as Co-Statutory Auditors for 5 years covering financial years 2026-27 to 2030-31

Special Business:

4. Regularization of Mrs. Archana Chaitanya Pandya (DIN: 10147795) as Whole-Time Director and Chief Financial Officer

5. Appointment of CS Mehul Raval as Secretarial Auditor for financial year 2026-27

Financial Performance Highlights

FY 2025-26 Financial Results (Amount in lakhs):

  • Total Income: ₹48.37 (Previous year: ₹19.25)
  • Total Expenditure: ₹765.98 (Previous year: ₹73.98)
  • Profit after Depreciation but before Tax: (₹717.61) (Previous year: (₹54.73))
  • Profit/(Loss) After Tax: (₹717.61) (Previous year: (₹54.73))
  • No dividend recommended for the reporting period
  • No amount transferred to General Reserve

Key Financial Ratios

  • Current ratio: 0.38 times
  • Debt equity ratio: -1.30 times
  • Return on equity ratio: -309.78%
  • Net profit ratio: -1,483.58%
  • Return on capital employed: -112.24%

Capital Structure

Authorized Share Capital: ₹8,00,00,000 divided into 80,00,000 Equity Shares of ₹10 each

Issued, Subscribed and Paid-up Share Capital: ₹7,00,22,000 divided into 70,02,200 Equity Shares of ₹10 each

No change in share capital during the reporting period

Board and Management Changes

During FY 2025-26:

  • Mr. Pratik Satish Patil resigned as Managing Director (12th May 2025)
  • Ms. Seema Baghel resigned as Additional Director (12th May 2025)
  • Ms. Sadhana Satish Patil resigned as Director (12th May 2025)
  • Ms. Manpreet Doad Powani resigned as Chief Financial Officer (12th May 2025)
  • Mr. Ghanshyam Dhananjay Gavali re-designated from Non-Executive Independent Director to Executive Director (12th May 2025)
  • Mr. Vishnubhai Desai appointed as Managing Director (12th May 2025)
  • Mr. Yash Arun Chaudhary appointed as Non-Executive Non-Independent Director (12th May 2025)
  • Mr. Kunjan Nathabhai Rathod appointed as Chief Financial Officer (12th May 2025)
  • Mr. Vishnubhai Mohanbhai Desai resigned as Managing Director (8th July 2025)
  • Mr. Ghanshyam Dhananjay Gavali re-designated as Managing Director (8th July 2025)
  • Ms. Mandeep Kaur resigned as Company Secretary (13th October 2025)
  • Ms. Nisha Yadav appointed as Company Secretary (13th October 2025)

After FY 2025-26 (up to report date):

  • Mr. Aashish Shrirang Dharmadhikari resigned as Independent Director (12th May 2026)
  • Ms. Swati Suresh Dhadve resigned as Independent Director (12th May 2026)
  • Ms. Jansi Patel appointed as Non-Executive Independent Director (12th May 2026)
  • Ms. Gunjan Jyotishbhai Leuva appointed as Non-Executive Independent Director (12th May 2026)
  • CS Deshna Jain appointed as Company Secretary and Compliance Officer (7th July 2026)
  • Ms. Nisha Yadav resigned as Company Secretary (14th July 2026)
  • Mr. Ghanshyam Dhananjay Gavali resigned as Managing Director and Director (12th August 2026)
  • Mr. Kunjan Nathabhai Rathod resigned as Chief Financial Officer (12th August 2026)
  • Mrs. Archana Chaitanya Pandya appointed as Whole-Time Director and Chief Financial Officer (14th August 2026)

Current Board Composition (as of report date)

  • Mrs. Archana Chaitanya Pandya: Additional Whole-Time Director and Chief Financial Officer
  • Yash Arun Chaudhary: Non-Executive Director
  • Ms. Jansi Patel: Independent Director
  • Ms. Gunjan Jyotishbhai Leuva: Independent Director
  • CS Deshna Jain: Company Secretary and Compliance Officer

Auditor Information

Statutory Auditor Changes:

  • M/s Nahar V & Company, Chartered Accountants resigned as Statutory Auditors (4th September 2025)
  • M/s Sunit M Chhatbar & Company, Chartered Accountants appointed as Statutory Auditors (4th September 2025)
  • Proposed appointment of M/s. Nirav S. Shah & Co., Chartered Accountants as Co-Statutory Auditors for 5 years

Secretarial Auditor: M/s Shashank & Associates (for FY 2025-26)

Proposed Secretarial Auditor: CS Mehul Raval (for FY 2026-27)

Internal Auditor: M/s Vyom Advisors

Corporate Developments

Name Change: The company name was changed from Boston Bio Systems Limited to Boston Commerce Limited, approved by ROC on 27th November 2025 and effective on BSE from 20th February 2026.

MOA Alteration: Members approved alteration of Object Clause to enable business activities in information technology, software services, agriculture, real estate development, trading, e-commerce and other allied activities.

Suspension Revocation: The company received revocation of suspension letter from BSE Limited dated March 18, 2025, reinstating its eligibility to trade on the exchange.

Key Managerial Personnel

As on 31st March 2026:

  • Mr. Ghanshyam Dhananjay Gavali: Managing Director (resigned 12th August 2026)
  • Mr. Kunjan Nathabhai Rathod: Chief Financial Officer (resigned 12th August 2026)
  • Ms. Nisha Yadav: Company Secretary (resigned 14th July 2026)

Compliance and Regulatory Matters

  • No funds were required to be transferred to Investor Education and Protection Fund
  • No deposits accepted from public under Section 73 of Companies Act, 2013
  • No material changes affecting financial position between year-end and report date
  • One investor complaint received through SCORES during FY 2025-26, which was resolved
  • No cases filed under Sexual Harassment of Women at Workplace Act, 2013
  • No frauds reported by auditors under Section 143(12)

Related Party Transactions

During the year under review, there were no transactions held either at arm's length or not at arm's length basis.

Corporate Governance

Since the paid-up share capital and net worth of the Company is below threshold limits, the Company is not required to comply with certain corporate governance provisions under Regulation 15 of SEBI Listing Regulations.

Important Dates

  • AGM Date: September 30, 2026
  • Remote e-Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off Date for voting: September 23, 2026