Econo Trade (India) Ltd

AGM Details

• Date, time, and mode: 29 Sep 2026, 1:00 PM, via VC/OAVM.

Key Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of audited financials and Directors' Report — Passed.
• Resolution 2 (Ordinary): Re-appointment of Abbas Mustufa Rupawala as Director — Passed.
• Resolution 3 (Special): Approval of related party transaction with Econo Broking Pvt Ltd — Passed.
• Resolution 4 (Special): Approval of related party transaction with Sai Metaltech LLP — Passed.
• Resolution 5 (Special): Approval of related party transaction with Econo Trading & Investment Pvt Ltd — Passed.
• Resolution 6 (Special): Approval of related party transaction with Robert Resources Ltd — Passed.
• Resolution 7 (Special): Approval of related party transaction with Tradedeal Enterprises Pvt Ltd — Passed.

Dividend status

• No dividend proposed or declared at this AGM.

Material related party transactions

• Econo Broking Pvt Ltd — RPT approved.
• Sai Metaltech LLP — RPT approved.
• Econo Trading & Investment Pvt Ltd — RPT approved.
• Robert Resources Ltd — RPT approved.
• Tradedeal Enterprises Pvt Ltd — RPT approved.

AGM details

• Held on 29 September 2026 via VC/OAVM from 1:00 PM to 1:45 PM.
• Quorum confirmed and meeting conducted via VC/OAVM.

Ordinary business

• Resolution 1: Adoption of audited financials, board's report, and auditors' report; approved.
• Resolution 2: Re-appointment of Abbas Mustufa Rupawala as non-exec non-independent director; approved.

Related party transactions

• Resolution 3: RPT with ECONO BROKING PVT LTD loan facility up to ₹25 crore; approved.
• Resolution 4: RPT with SAI METALTECH LLP loan facility up to ₹20 crore; approved.
• Resolution 5: RPT with ECONO TRADING & INVESTMENT PRIVATE LIMITED loan facility up to ₹25 crore; approved.
• Resolution 6: RPT with ROBERT RESOURCES LIMITED loan facility up to ₹20 crore; approved.
• Resolution 7: RPT with TRADEDEAL ENTERPRISES PRIVATE LIMITED loan facility up to ₹20 crore; approved.

Auditors and governance

• Statutory auditors M/s H S K & CO LLP attended; no change in appointment.
• Secretarial auditor's report contained no qualifications.

Dividend

• Dividend: No proposal for dividend.

Econo Trade (India) Limited — Trading window closed from October 1, 2026 till 48 hours after the declaration of unaudited financial results for the second quarter and half-year ended September 30, 2026.

AGM and regulatory updates

• 43rd AGM scheduled for Sep 29, 2026 at 1:00 PM via VC/OAVM.
• Annual Report 2025-26 is available online at the provided link.
• Web-link with complete AR details sent to members without registered email addresses.
• KYC update notices dispatched by post per SEBI circulars via the RTA.
• KYC update forms ISR-1 to ISR-3 and SH-13/SH-14 available on econo.in.
• KYC forms downloadable from econo.in or Niche Technologies' site.
• URL for full Annual Report: econo.in/webdata/Full%20AnnualReport/Econo_43rd_AnnualReport_2025-26.pdf.
• Cut-off date: Tuesday, 22 September 2026 for email registration.
• SEBI master circular mandates PAN, contact details, and nomination updates for physical holders.
• Queries to Niche Technologies via nichetechpl@nichetechpl.com.

Financial performance

• Revenue from operations for FY2025-26: ₹591.89 Lakhs.
• Profit before tax: ₹290.40 Lakhs.
• Profit after tax: ₹217.80 Lakhs.
• Earnings per share: Basic and diluted ₹1.17.
• Net profit margin: 36.55%.
• Return on equity: 4.64%.
• Debt-Equity ratio: 0.41x.
• No dividend declared for FY2025-26.

Capital structure & liquidity

• Borrowings (excluding debt securities) at ₹1,974.37 Lakhs.
• Cash and cash equivalents: ₹2.69 Lakhs.
• Equity share capital: ₹1,866.96 Lakhs.
• Total equity: ₹4,803.02 Lakhs.
• Net debt to equity: 41%.

Dividend & reserves

• Transferred ₹41.71 Lakhs to RBI 45IC reserve.
• 43rd AGM on 29 Sep 2026 via VC/OAVM.

Governance & audit

• Statutory Auditor: HSK & CO LLP.
• Secretarial Auditor: Neha Poddar.
• Board meetings held: four in FY2025-26.
• Independent Directors met on 30.03.2026.
• Audit Committee held five meetings.
• Audit trail implemented since 1 April 2023.

Related party transactions

• Loans to related parties approved up to ₹25 Crore for 2026-27.
• Other RPTs include up to ₹20 Crore to SAI METALTECH LLP.
• Remuneration to MD ₹3.60L, CS ₹6.60L, CFO ₹1.44L.
• Shareholders approved these items via Special Resolutions.

Outlook & risks

• Single-segment NBFC focusing on investments; market risk persists.
• Outlook positive on economy; investments may improve returns.
• Regulatory risk may affect operations.
• Liquidity and valuation of investments remain key.

Key Decisions

• AGM scheduled for Sept 29, 2026 at 1:00 PM via VC/OAVM.
• Register of Members and transfer books close Sept 23–29, 2026.
• E-voting facility via NDSL with Sept 22 cut-off; voting Sept 26–28, 2026.

Appointments/Resignations

• Neha Poddar appointed as Scrutinizer for e-voting.
• Reappointment of Abbas Mustufa Rupawala as non-exec non-independent director liable to retire by rotation.

Governance/Approvals

• Board approved Director's Report and Secretarial Audit Report for FY ended March 31, 2026.

Financial results

• Q1 ended 30 Jun 2026: total income ₹151.28 lakh.
• Net profit for the quarter: ₹58.50 lakh.
• Profit before tax: ₹72.24 lakh.
• Total expenses: ₹79.04 lakh.