Contil India Ltd

AGM Details

• Date, time, and mode: 29 Sep 2026, 11:30 IST, via VC/OAVM; concluded at 11:45 IST.

Key Resolutions

• Adoption of Audited Financial Statements and reports for FY ended 31 March 2026.
• Reappointment by rotation of Krishna Contractor (DIN 00300342) – ordinary.
• Re-appointment of Devandh Gopal Barot as Independent Director – ordinary.

Voting Status

• Results to be announced on or before 01 October 2026.

Auditors

• Statutory auditor present; no appointment changes disclosed.

CONTIL INDIA LIMITED — Closure of Trading Window from October 1, 2026; will open 48 hours after the announcement to the Stock Exchange of the Unaudited Financial Results for the quarter and half year ending September 30, 2026

AGM Details

• AGM on 29 September 2026 at 11:00 AM via VC/OAVM.

Ordinary Business

• Adopt audited balance sheet, P&L, cash flow, and reports for year ended 31 March 2026.
• Re-appoint Krishna Contractor as director who retires by rotation.

Special Resolution

• Approve appointment of Devandh Gopal Barot as Independent Director for five years from 10 February 2026.
• Directors and KMP authorized to file necessary e-forms and complete related actions.

Director Changes

• Krishna Contractor to retire by rotation and seek reappointment.
• Devandh Barot appointed as Independent Director for five-year term.

Financial highlights

• Revenue from operations: ₹31.63 crore in 2025-26, down from ₹32.57 crore in 2024-25.
• Total income: ₹33.42 crore, up 0.4% YoY.
• Other income rose to ₹1.79 crore from ₹0.71 crore.
• Profit after tax: ₹2.29 crore, down from ₹2.56 crore.
• Earnings per share: ₹1.48 (basic & diluted), vs ₹1.66 prior year.
• Net worth: ₹13.81 crore, up 19.7% YoY.
• Borrowings: Nil; the company remains debt-free.
• Dividend: no dividend declared for the year.
• Current ratio: about 5.06x, reflecting strong liquidity.

AGM and corporate actions

• 32nd AGM slated for Tuesday, 29 September 2026 at 11:00 AM via VC/OAVM.
• AGM agenda includes adoption of financial statements and director reappointments.

Governance and board changes

• Mr. Krishna H. Contractor serves as Managing Director.
• Mr. Devandh Gopal Barot appointed as Additional Director and Independent Director, effective 10 Feb 2026.
• Special resolution to appoint Mr. Barot as Independent Director for 5 years (2026–2031).
• Board met 5 times during the year; independent director oversight noted.

Auditors and internal controls

• Statutory auditors: M/s. P. Indrajit & Associates; secretarial auditor: Ashok Shelat & Associates.
• Auditors issued a qualified opinion; main basis relates to non-recognition of certain employee benefits due to lack of actuarial data.
• Internal financial controls considered adequate; internal audit appointed; some disclosures yet to be updated per observations.

Related party transactions

• Significant related-party dealings with Contil Canada Ltd and FTE Foods Inc.
• Intercompany revenue and equity contributions reported; directors' remuneration disclosed.
• All international transactions claimed to be at arm's length; TP documentation in progress.

Operational review and outlook

• Core trading categories: spices, cereals, pulses, namkeen, papad, and oils drive revenue.
• Export concentration remains a key risk; management aims to deepen US and Canada presence.
• Management intends to restore core profitability through procurement discipline and cost control while maintaining a debt-free balance sheet.
• Auditor notes on foreign currency exposure and potential TP adjustments highlight regulatory vigilance.

Risk factors and disclosure

• Risks include geographic concentration in Canada/North America and currency volatility (CAD/USD).
• Regulatory changes and stricter SPS/food-safety norms may elevate compliance costs.
• Profitability partly aided by other income; sustaining requires strengthening core trading margins.

Management discussion focus

• Board remains focused on capital preservation, growth in key export markets, and potential branded product expansion.

AGM & results update

• Board to consider unaudited standalone results for quarter ended 30 June 2026 with limited review.
• Convene 32nd AGM on Tuesday, 29 September 2026.
• Register of Members and Share Transfer Books closed Sep 19–29, 2026.
• Cut-off date for AGM eligibility: Sep 18, 2026.
• Board meeting held 11 August 2026, 3:00 PM to 4:00 PM.
• Limited Review Report by P. Indrajit & Associates enclosed with results.

Meeting Details

• Board meeting on Tuesday, August 11, 2026.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended June 30, 2026.

Other Notes

• Trading window closed for directors, officers and designated employees from July 1, 2026 to 48 hours after results.

Dematerialisation/Rematerialisation status

• Dematerialisation requests for quarter ended June 30, 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted within 15 days.

Meeting Details

• Board meeting scheduled for Thursday, May 28, 2026.

Key Agenda Items

• Consider and approve audited financial results for quarter and year ended March 31, 2026.

Other Notes

• Trading window closed from April 1, 2026, until 48 hours after results declaration.