Pervasive Commodities Ltd

AGM Details

• Date/time: 26-09-2026, 02:12–02:18 PM, via VC/OAVM.
• Record date: 19-09-2026.
• Total shareholders on record: 473.
• Public attendees via VC/OAVM: 12; promoters: 0.
• Five resolutions placed; all passed.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of financials and reports; passed.
• Resolution 2 (Ordinary): Appointment of Independent Director; passed.
• Resolution 3 (Ordinary): Appointment of director (executive/non-executive); passed.
• Resolution 4 (Special): Power under section 186 for loans/guarantees/securities; passed.
• Resolution 5 (Special): Approval of loans to directors under section 185; passed.
• All five resolutions passed; no opposition.

AGM Details

• AGM held 26 September 2026 at 2:12 PM via VC/OAVM.
• Cut-off date for voting: 19 September 2026.
• Deemed venue: Registered Office.

Key Resolutions

• Five resolutions were put to vote.
• Resolution 1: Passed; 100% in favour; subject not disclosed.
• Resolution 2: Passed; 100% in favour; subject not disclosed.
• Resolution 3: Passed; 100% in favour; subject not disclosed.
• Resolution 4: Passed; 100% in favour; subject not disclosed.
• Resolution 5: Passed; 100% in favour; subject not disclosed.

AGM Details

• Date: 26 September 2026; Time: 2:12–2:18 PM; Mode: VC/OAVM.
• Chair: Managing Director Fagun Chandrakant Soni.

Ordinary Resolutions

• Adopt Audited Financial Statements for FY ended 31 March 2026, including P&L and cash flow.
• Appointment/renewal of Managing Director by rotation.
• Appointment of Chandrakant Ramniklal Soni as Non-Executive and Non-Independent Director.

Special Resolutions

• Power under section 186 of the Companies Act, 2013.
• Approval of Loan to Directors under section 185.

Voting Status

• Consolidated e-voting results to be announced within 2 working days.

Director Changes

• Chandrakant Ramniklal Soni appointed Non-Executive and Non-Independent Director.
• Fagun Soni reappointed as Managing Director on rotation.

Book closure details

• Book closure from 19 Sep 2026 to 26 Sep 2026 inclusive for AGM.
• Cut-off dates: 28 Aug 2026 for sending Notice; 19 Sep 2026 for e-voting eligibility.
• Security type: Equity shares.

Financial snapshot

• Revenue from operations: Rs 4306.07 Lakhs.
• Total income: Rs 4352.92 Lakhs.
• Total expenses: Rs 2707.46 Lakhs.
• Profit before tax (pre-exceptional): Rs -1.17 Lakhs.
• Exceptional loss on destruction: Rs 1646.63 Lakhs.
• Profit after tax: Rs -4.31 Lakhs.
• EPS (basic): -0.00; EPS (diluted): -0.00.
• Dividend: Nil.
• Revenue rose to Rs 4306.07 Lakhs from Rs 3027.60 Lakhs.

Capital structure

• Authorised share capital at 31 Mar 2026: Rs 9100 Lakhs.
• Paid-up share capital at 31 Mar 2026: Rs 9009.52 Lakhs.
• Convertible warrants converted into equity shares (90 crore).
• Post-conversion issued capital: Rs 9009.52 Lakhs.

Operations & profile

• Main activity: Agricultural product trading, single operating segment.
• FY25-26 revenue: Rs 4306.07 Lakhs; FY2024-25: Rs 3027.60.
• Perishable stock destruction resulted in Rs 1646.63 Lakhs loss.
• Management focusing on procurement, inventory, risk controls.

Governance & board

• Meenu Jain appointed Independent Director on 1 Nov 2025.
• Parulben Dataniya resigned as Director on 24 Aug 2026.
• Chandrakant Ramniklal Soni appointed Non-Executive Non-Independent on 24 Aug 2026.
• Fagun Soni appointed CFO from 24 Aug 2026.
• Board meetings held: 8 in FY2025-26.

Audits & controls

• Statutory Auditor: M/s V S S B & Associates; 2025–2030.
• Secretarial Auditor: M/s Jay Pandya & Associates; LODR observations noted.
• Internal financial controls: adequate; no material weaknesses observed.
• Emphasis: destruction of stock; no insurance; loss borne by company.

Related party disclosures

• No material related party transactions; disclosures in Note 35.
• MD remuneration Rs 2.37 Lakhs; sitting fees Pathak Rs 0.40, Jain Rs 0.24.
• Omnibus approvals used; quarterly Audit Committee reviews.
• Promoter holdings include Enigma Merchants LLP and Micra Investments.

Outlook & risk

• Risk management framework in place; board oversight.
• Opportunities: domestic demand growth; organised supply chains; digital trading.
• Threats: price volatility; weather; regulatory changes.

AGM scheduling

• Approved Notice of 41st AGM and documents; AGM set for 26 September 2026 at 2:00 PM via VC/OAVM.

Appointment: Chandrakant Ramniklal Soni as Additional Director

• Chandrakant Ramniklal Soni appointed Additional Non-Executive and Non-Independent Director, effective 24 Aug 2026.

Appointment: Fagun Chandrakant Soni as CFO

• Fagun Chandrakant Soni appointed Chief Financial Officer, effective 24 Aug 2026.

Resignation: Parulben Dharmeshkumar Dataniya from NED

• Parulben Dharmeshkumar Dataniya resigns as Non-Executive and Non-Independent Director, effective 24 Aug 2026.
• Reason: Personal reasons.

Resignation: Dharmeshkumar Zinabhai Dataniya from CFO

• Dharmeshkumar Zinabhai Dataniya resigns as Chief Financial Officer, effective 24 Aug 2026.
• Reason: Pre-occupation elsewhere.

Nomination & Remuneration Committee changes

• Nomination and Remuneration Committee reconstituted; chair Hetal Pathak (NED-Independent).
• Members: Meenu Jain (NED-Independent) and Chandrakant Ramniklal Soni (NED-Non-Independent).

Stakeholders Relationship Committee changes

• Stakeholders Relationship Committee reconstituted; chair Hetal Pathak (NED-Independent).
• Members: Chandrakant Ramniklal Soni (NED-Non-Independent) and Fagun Chandrakant Soni (MD).

Relationships

• Chandrakant Ramniklal Soni is father of Fagun Chandrakant Soni.

Key financials and governance notes

• Quarter ended 30 Jun 2026: total income 56.97 lakhs; PAT 1.10 lakhs (unaudited).
• Warrants converted to equity on 20 May 2025; equity share capital increased in FY2025-26.
• Paid-up capital ₹9,009.52 lakhs; face value ₹1 per share.
• Inventory movement: gold bars unchanged; stored in lockers; no insurance coverage.
• Loans and advances to various parties totaling ₹1,967.42 lakhs; external confirmations pending.
• Statutory dues irregularly deposited; potential compliance risk.
• Limited Review Report dated 12 August 2026; no material misstatement observed.
• No default in payment of loans or debt securities reported.