Maa Jagdambe Tradelinks Limited

Key Quantitative Figures

  • Financial Performance FY 2025-26:
  • Total Revenue: ₹10,661 hundred
  • Total Expenses: ₹18,051 hundred (reduced from ₹1,67,413 hundred in FY 2024-25)
  • Net Loss: ₹7,389 hundred (reduced from ₹1,67,413 hundred in FY 2024-25)
  • No dividend declared for the year
  • Share Capital:
  • Equity Share Capital: ₹1,568,500.00 (78,425,000 shares of ₹2 each)
  • 99.90% of paid-up equity share capital in dematerialized form
  • 0.10% in physical form
  • Remuneration Approvals:
  • Mr. Mahendra Singh Rajawat: ₹6,00,000 per annum as Managing Director for 3 years
  • Mr. Harish Kanta Srivastava: ₹1,20,000 per annum as Non-Executive Director for 3 years

Dates of Action

  • AGM Date: 24th September, 2026 at 10:00 a.m.
  • Record Date: 17th September, 2026 for e-voting
  • Book Closure: 18th to 24th September, 2026 (both days inclusive)
  • E-voting Period: 21st September (9:00 a.m.) to 23rd September, 2026 (5:00 p.m.)
  • Management Changes Effective: 1st September, 2026

Parties Involved

  • Regulators: BSE Limited, SEBI, Ministry of Corporate Affairs
  • Auditors: M/s. P N S V & Co. (Statutory Auditors), M/s. N. Bagaria & Associates (Secretarial Auditors)
  • Share Transfer Agent: Purva Sharegistry (India) Private Limited
  • Bankers: Axis Bank Limited, Bank of Baroda
  • New Management: Mr. Mahendra Singh Rajawat (appointed Managing Director)

Financial and Operational Impact

  • Business Operations: Company engaged in supply and commercial trading of branded dairy and organic food products under franchise arrangement with Amul
  • Market Position: Trading in company's shares suspended since 27th August, 2015 due to non-payment of Annual Membership Fees
  • Branch Expansion: Established dedicated branch at Surajgarh, Jhunjhunu District, Rajasthan for wholesale FMCG distribution

Capital Structure Impact

  • No change in share capital during the year
  • No buyback, bonus issues, or ESOPs during the year

Compliance Status

  • Secretarial Audit Report Deficiencies:
  • UPSI-sharing entries not recorded for all four quarters
  • No Company Secretary cum Compliance Officer position filled until 30th March, 2026
  • Non-payment of listing fees to BSE
  • 9-day delay in Shareholding Pattern submission for Q2 FY26
  • Financial results not published in newspapers
  • No functional website
  • Statutory Auditor's Report: Unmodified opinion without qualifications
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report

Management Commentary

  • Company trying to "grab market opportunities and make it into a profit-making Company"
  • Planning to venture into bullion product trading for diversification
  • Focusing on HoReCa segment and institutional supply through new Rajasthan branch

Corporate Governance

  • Board met 6 times during the year
  • All directors attended all board meetings
  • Compliance with corporate governance requirements except for specific deficiencies noted
  • Vigil mechanism and whistle blower policy in place

Voting Arrangements

  • E-voting facility provided through Purva Sharegistry (India) Private Limited
  • Mr. Narottam Bagaria appointed as Scrutinizer for e-voting process
  • Shareholders can vote through NSDL/CDSL systems or through Depository Participants