Econo Trade (India) Ltd

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.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited standalone financial results for Q1 ended June 30, 2026, with Limited Review Report.
• Approval of change of corporate office address to 5 Mango Lane, 2nd Floor, Room 230, Kolkata 700001.
• Any other matter with Chairman's permission.

Other Notes

• No trading window closure periods specified.

Dematerialisation and listing Confirmation

• Securities received for dematerialisation during the quarter were confirmed to depositories.
• The dematerialised securities have been listed on stock exchanges where existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner.

Regulatory delay explanation

• Explained SEBI delay due to email routed to spam; final order WTM/AS/IVD-2/ID16/32460/2026-27 submitted 7 July 2026.
• Implemented corrective measures by whitelisting SEBI domain addresses on servers.

Enforcement actions and outcomes

• Final order targets Hanif Shekh and affiliates for price manipulation across five scrips.
• Defines PV Influencers, Collaborators, and Offloaders; funds routed to Hanif Shekh-controlled entities.
• Disgorgement amounts per Noticee are listed in Annexure-A; penalties up to ₹10 crore for Hanif.
• Debarment ranges from seven years for Hanif to four years for many others.
• Interest at 12% per annum on disgorged amounts from Oct 21, 2020 until payment.
• Disgorgement and penalties must be paid to IPEF within 45 days.
• Noticees 2 and 127 deceased; disgorgement directed through their legal representatives.
• Final order comes into force immediately.
• The scheme involved 226 entities across five scrips between 2017 and 2020.
• PV Influencers and Offloaders structured trades, leading to offloading and profits routed via conduits.