Nature of the Event

Chandrima Mercantiles Limited submitted its Integrated Filing (Finance) for the quarter and half year ended September 30, 2026, to BSE Limited pursuant to SEBI Circular No SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The filing includes unaudited standalone financial results reviewed by the Audit Committee and approved by the Board of Directors on October 28, 2026.

Financial Results (Standalone)

Quarterly Performance (₹ in lakhs)

  • Total Income: ₹6.88 lakh (Q2 FY2026) vs ₹57.62 lakh (Q2 FY2025)
  • Revenue from operations: ₹6.88 lakh vs ₹57.36 lakh
  • Other income: ₹0.00 vs ₹0.25 lakh
  • Total Expenses: ₹64.42 lakh vs ₹518.23 lakh
  • Purchases of stock-in-trade: ₹62.50 lakh vs ₹134.55 lakh
  • Changes in inventory: (₹1.60) lakh vs ₹0.16 lakh
  • Employee benefit expense: ₹0.08 lakh vs ₹0.00
  • Depreciation: ₹0.34 lakh vs ₹0.08 lakh
  • Other expenses: ₹64.42 lakh vs ₹518.23 lakh
  • Profit before tax: ₹4.35 lakh vs ₹57.94 lakh
  • Tax expense: ₹1.09 lakh (current tax) vs ₹15.63 lakh
  • Profit after tax: ₹3.25 lakh vs ₹42.31 lakh
  • Total comprehensive income: ₹3.25 lakh vs ₹42.31 lakh
  • Earnings per share (basic): ₹0.01 vs ₹1.90

Half-Yearly Performance (₹ in lakhs)

  • Total Income: ₹75.90 lakh (H1 FY2026) vs ₹620.24 lakh (H1 FY2025)
  • Revenue from operations: ₹75.90 lakh vs ₹620.24 lakh
  • Other income: ₹0.01 lakh vs ₹0.00
  • Total Expenses: ₹70.90 lakh vs ₹558.14 lakh
  • Profit before tax: ₹5.01 lakh vs ₹62.10 lakh
  • Tax expense: ₹1.26 lakh (current tax) vs ₹15.63 lakh
  • Profit after tax: ₹3.75 lakh vs ₹46.47 lakh
  • Other comprehensive income: ₹(81.14) lakh net of tax
  • Total comprehensive income: ₹(34.66) lakh vs ₹(41.10) lakh
  • Earnings per share (basic): ₹0.01 vs ₹(2.09)

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹1,198.14 lakh
  • Non-current assets: ₹201.21 lakh (Investments: ₹200.65 lakh, Other financial assets: ₹0.56 lakh)
  • Current assets: ₹996.93 lakh (Inventories: ₹250.21 lakh, Trade receivables: ₹198.19 lakh, Cash: ₹0.11 lakh, Loans: ₹3.00 lakh, Other current assets: ₹545.42 lakh)
  • Equity: ₹1,013.86 lakh (Share capital: ₹336.17 lakh, Other equity: ₹677.69 lakh)
  • Liabilities: ₹184.28 lakh
  • Non-current liabilities: ₹161.94 lakh (Borrowings: ₹62.57 lakh, Deferred tax liabilities: ₹99.37 lakh)
  • Current liabilities: ₹22.34 lakh (Trade payables: ₹1.93 lakh, Other current liabilities: ₹0.17 lakh, Provisions: ₹20.24 lakh)

Cash Flow Statement (H1 FY2026)

  • Operating activities: Net cash outflow of ₹(5.56) lakh
  • Investing activities: Net cash inflow of ₹0.55 lakh
  • Financing activities: Net cash inflow of ₹5.02 lakh (Loan taken: ₹5.02 lakh)
  • Net change in cash: ₹0.01 lakh
  • Closing cash balance: ₹0.11 lakh

Notes to Financial Results

1. The company operates in a single segment: Agriculture Commodities.

2. Financial results prepared in accordance with Indian Accounting Standards and SEBI LODR Regulations.

3. Statutory auditors conducted a limited review as per Regulation 33 of SEBI LODR.

4. EPS calculated using weighted average formula; diluted EPS considers potential conversion of convertible securities.

5. Previous period figures have been reclassified/regrouped where necessary.

Auditor's Review Report

MAAK & Associates issued a review report with emphasis on matter and qualified opinion:

  • Emphasis: Closing stock calculated and certified by management only without basis of calculation provided.
  • Qualifications:
  • Balance confirmations not provided for trade receivables, trade payables, loans and advances
  • Supporting purchase and sales invoices not provided for verification
  • Current valuation of investments not provided (book value of ₹200.65 lakh used)
  • Balance confirmations for advances recoverable not made available

Related Party Transactions (H1 FY2026)

The company disclosed transactions with related parties totaling ₹1.37 lakh in remuneration:

  • Mr. Dinesh Gohel (Non-Executive Director): ₹0.25 lakh
  • Mr. Manish Daya (Company Secretary): ₹0.57 lakh
  • Ms. Chetna (Independent Director): ₹0.06 lakh
  • Mr. Chiragkumar Prajapati (Managing Director): ₹0.43 lakh
  • Mr. Parin Bhavsar (Independent Director): ₹0.06 lakh