GCM Commodity & Derivatives Ltd

AGM details

• AGM conducted via VC/OAVM.
• Remote e-voting: 26 Sep 2026 09:00 to 28 Sep 2026 17:00.
• Voting during AGM allowed until 1:20 PM.
• Public attendance via VC: 6; promoters' attendance: nil.

Resolutions and results

• Resolution 1 (Ordinary): Standalone financial statements adopted; 100% in favour.
• Resolution 2 (Ordinary): Re-appointment of retiring director approved; 100% in favour.
• Resolution 3 (Ordinary): Re-appointment of Amalesh Sadhu as CMD for 5 years; 100% in favour.
• Resolution 4 (Special): Re-appointment of Urmi Bose as Independent Director for second term; 100% in favour.

AGM Details

• Date/time: 29 September 2026 at 12:30 PM; mode: VC/OAVM.
• Attendance: all participants via video conference; no physical attendance.

Resolutions and outcomes

• Ordinary: Adoption of audited financial statements; passed with all votes in favour.
• Ordinary: Re-appointment of Amalesh Sadhu by rotation; passed with all votes in favour.
• Ordinary: Re-appointment of Amalesh Sadhu as Chairman & MD; passed with all votes in favour.
• Special: Re-appointment of Urmi Bose as Independent Director for 2nd term; passed with all votes in favour.

AGM Details

• AGM held on 29 September 2024 at 12:30 PM via Video Conferencing.

Key Resolutions

• Audited standalone financial statements for year ended 31 March 2026, with board and auditor reports.
• Re-appointment by rotation of Amalesh Sadhu as Director.
• Re-appointment of Amalesh Sadhu as Chairman & MD for 5 years.
• Urmi Bose reappointed as Independent Director for second 5-year term.

Voting Results

• Voting results will be declared after counting and intimated to the stock exchange.

NCS obligations status

• The company has not issued any non-convertible securities.
• No interest, principal, or dividend payments are due for the upcoming quarter.
• There are no unpaid NCS obligations from previous periods.

GCM Commodity & Derivatives Ltd — Trading window closure from October 1, 2026; ends 48 hours after declaration of Un-Audited Financial Results for the half year ended September 30, 2026 (FY 2026-27).

Meeting Details

• Board meeting scheduled on Saturday, September 5, 2026 at the Registered Office.

Key Agenda Items

• Adoption of Directors Report for FY 2025-26 and Notice for the 21st AGM.
• Re-appointment of Mr. Amalesh Sadhu (DIN 00235198) on retirement by rotation.
• Re-appointment of Mr. Amalesh Sadhu as Chairman and Managing Director for five years.
• Re-appointment of Mrs. Urmi Bose as Independent Director for a second five-year term.
• Consider and fix AGM date, time, venue, and calendar of events.
• Fix dates for closing Register of Members and Transfer Books for AGM.
• Appoint Scrutinizer for the 21st AGM.
• Any other item with the permission of the Chairman.

Other Notes

• Trading window closure period not specified.

Dematerialisation processing and ownership updates

• Dematerialisation requests processed by Purva Sharegistry; confirmations issued to depositories for quarter ended June 2026.
• Securities dematerialised have been listed on stock exchanges where the earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name updated as registered owner.

Non-convertible securities status

• No non-convertible securities outstanding during quarter ended June 30, 2026.
• No payments due on non-convertible securities in the quarter.
• No unpaid obligations on non-convertible securities at quarter-end.

Results

• Standalone audited results for half year and year ended 31 March 2026.
• Revenue from operations was ₹4.12 lakh; total income was ₹46.54 lakh.
• Revenue from operations was ₹4.23 lakh for FY26 year-to-date.
• Profit before tax was a loss of ₹122.08 lakh for H2 FY26.
• Profit before tax was a loss of ₹318.42 lakh for FY26 year-to-date.
• Profit after tax was a loss of ₹122.08 lakh for H2 FY26.
• Profit after tax was a loss of ₹318.42 lakh for FY26 year-to-date.
• Total comprehensive income was a loss of ₹194.24 lakh for H2 FY26.
• Basic and diluted EPS were both negative ₹1.64 for H2 FY26.
• Basic and diluted EPS were both negative ₹4.29 for FY26 year-to-date.

Cost drivers

• Loss on trading investments was ₹125.83 lakh in H2 FY26.
• Other expenses fell to ₹10.60 lakh from ₹89.00 lakh sequentially.
• Employee benefit expenses were ₹8.05 lakh in H2 FY26.
• Finance costs were ₹0.24 lakh in H2 FY26.
• Tax expense was nil for H2 FY26 and ₹1.10 lakh year-to-date.

Balance sheet and cash

• Total assets were ₹1,804.76 lakh at 31 March 2026.
• Equity stood at ₹327.28 lakh, with reserves and surplus at negative ₹415.42 lakh.
• Other financial liabilities were ₹1,475.92 lakh at 31 March 2026.
• Cash and cash equivalents were ₹10.60 lakh; bank balances were ₹251.89 lakh.
• Net cash from operating activities was negative ₹7.29 lakh.
• Net cash from investing activities was positive ₹156.28 lakh.
• Closing cash and cash equivalents were ₹262.49 lakh.

Receivables and audit

• NSEL receivables totalled ₹1,593.59 lakh, with litigation and recovery pending.
• ₹1,131.45 lakh is repayable to clients after NSEL recovery.
• ₹462.15 lakh is company recoverable dues, with ₹268.04 lakh ECL recognised.
• Auditors issued an unmodified opinion on the annual financial results.
• Auditors highlighted confirmation and reconciliation issues on loans, advances, and trade receivables.

Business segment

• The company reported a single business segment: Finance & Investments.