AGM Details

The 40th AGM is scheduled to be held on Tuesday, September 30, 2025, at 2:30 P.M. IST at the Registered Office of the company at 16 & 17, Washington Plaza, Dispensary Road Goregaon (W), Mumbai City - 400062, Maharashtra, India.

Business to be Transacted

Ordinary Business

1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon.

2. To appoint Mr. Vikrant Kayan (DIN: 00761044), who retires by rotation as a Director.

Special Business

3. To appoint M/s. Suprabhat & Co, a peer-reviewed firm of practicing Company Secretaries, as Secretarial Auditor of the Company for a term of three consecutive financial years commencing from the conclusion of the 40th AGM till the conclusion of the 43rd AGM in 2028 (i.e., to conduct Secretarial Audit for FY 2025-26 to 2027-28). Remuneration to be as recommended by the Audit Committee and mutually agreed between the Board and Secretarial Auditors.

Financial Highlights (Amount in ₹ Lakhs)

| Particulars | FY 2024-25 | FY 2023-24 |

| Total Income | 26,84,614.00 | 3,90,410.00 |

| Total Expenditure | 41,83,551.00 | 5,29,636.00 |

| Profit/Loss before tax | (14,98,936.90) | (5,29,638.00) |

| Tax Expense | 77,741.00 | 1,12,444.00 |

| Net Profit/(Loss) after Tax | (15,76,407.90) | (6,42,080.00) |

Operational Performance

During the financial year, income from business was ₹2,10,450.00. The company incurred a loss of ₹15,76,407.90 compared to a loss of ₹6,42,080.00 in the previous year.

Share Capital

  • Authorized Capital: ₹50,00,00,000.00 (5,00,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹26,25,58,050.00 (26,25,58,05 equity shares of ₹10 each fully paid-up)

Dividend

No dividend is recommended for the year under review.

Key Management Personnel

  • Mr. Vikrant Kayan: Managing Director (DIN: 00761044)
  • Company Secretary and Chief Financial Officer not yet appointed; company looking for suitable candidates.

Auditor's Opinion

Qualified opinion issued by statutory auditors with the following key observations:

  • Company has not complied with certain provisions of Companies Act, 2013, and SEBI LODR Regulations
  • Delay in signing of audit report (signed on August 30, 2025, for year ending March 31, 2025)
  • Company has not filed financial statements with ROC or SEBI since FY ended March 31, 2017
  • Company has not filed income tax returns from FY 2019-20 onwards
  • Absence of audited financial information for intervening years and incomplete accounting records
  • Material uncertainty related to going concern due to continuous losses and suspended business operations
  • Balances of loans, advances, trade receivables, and trade payables subject to reconciliation and not confirmed

Secretarial Audit Observations

1. Company Secretary and Chief Financial Officer not appointed

2. Filing of AOC-4, MGT-7 and MGT-14 for approval of Director Report and Financial Report not filed (management agreed to file belatedly with additional fees)

3. Company is under suspension at BSE Ltd.

Regulatory Non-Compliances and Dues

The following statutory dues were outstanding as of March 31, 2025:

  • Processing fees for revocation of suspension: ₹29,500 (Bombay Stock Exchange)
  • Reinstatement fees: ₹1,77,000 (Bombay Stock Exchange)
  • SEBI SOP fines: ₹43,26,833 (Bombay Stock Exchange)
  • Income Tax: ₹1,79,45,100 (CIT(A))
  • VAT (ITC Claim): ₹48,74,255 (IT Investigation Unit of Commercial taxes, West Bengal)

Related Party Transactions

All related party transactions were on an arm's length basis and in the ordinary course of business. Details of transactions with related parties include:

  • Loans and advances to related parties: Closing balance of ₹4.87 lakh
  • Receiving of services from related parties: ₹262.50 lakh

Remote E-Voting Details

  • Remote e-voting period: Saturday, September 27, 2025, at 9:00 a.m. to Monday, September 29, 2025, at 5:00 p.m. (IST)
  • Cut-off date: Tuesday, September 23, 2025
  • Scrutinizer: Appointed Suprabhat Chakraborty (Membership No. A41030 AND COP. 15878), Practicing Company Secretary

Other Information

  • Register of Members will remain closed from Wednesday, September 24, 2025, to Tuesday, September 30, 2025 (both days inclusive)
  • The company's website: www.trinitytradelink.com
  • Registrar & Share Transfer Agent: Adroit Corporate Services Pvt. Ltd.

#Tags: #TrinityTradelink #AGM2025 #SEBIDisclosure #RegulatoryCompliance #FinancialResults #QualifiedAuditOpinion