Transglobe Foods Ltd

AGM Details

• AGM held on 29 September 2026 at 11:00 AM via VC/OAVM.
• Start time 11:05 AM and end time 11:17 AM.
• Record date: 22 September 2026; total shareholders on record: 1,917.
• Attendance via video conferencing: 1 Promoter Group member, 20 Public attendees.

Resolutions and voting outcomes

• Resolution 1 (Ordinary): Adopt standalone financials and reports.
• Resolution 1 passed; 92.07% of votes polled in favour.
• Resolution 2 (Ordinary): Re-appointment of director by rotation.
• Resolution 2 passed; 92.07% in favour.
• Resolution 3 (Special): Appointment of Ms. Anju Vijay Pandit as Non-Executive Independent Director.
• Resolution 3 passed; 92.07% in favour.

AGM Details & Proceedings

• AGM held on 29 September 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting facility provided by NSDL from 25 Sept 2026 9:00 AM to 28 Sept 2026 5:00 PM.
• AGM conducted following MCA/SEBI guidelines; financial statements and reports taken as read.
• Quorum present; attendees included Chairman (MD), two independent directors, and Company Secretary.
• Total attendees via VC/OAVM: 25 (1 promoter group, 24 public).
• Meeting commenced 11:05 IST and concluded 11:17 IST.
• Voting results to be declared within two working days; Scrutinizer appointed.

Transglobe Foods Limited: Trading window closed from 1 October 2026 until 48 hours after the declaration of the Un-Audited Financial Results for the quarter and half year ended 30 September 2026.

Financial snapshot

• Revenue from operations: ₹17.91 lakh for year ended 31 Mar 2026.
• Total income: ₹18.16 lakh.
• Total expenses: ₹23.16 lakh.
• Profit before tax: ₹-5.00 lakh.
• Profit after tax: ₹-5.00 lakh.
• Earnings per share: ₹-3.45.
• Dividend: No dividend declared for FY2025-26.
• Net worth: ₹-42.74 lakh.
• Cash and cash equivalents: ₹17.12 lakh.
• Borrowings (non-current): ₹60.02 lakh.
• Current borrowings: ₹0.
• Board meetings conducted: 7 during the year.

Operations and business model

• Company trades food grains, fruits, vegetables, jams, ketchup, pastes, and pickles.
• Single operating segment; trading dominates business activities.
• Plan to close manufacturing and focus on trading; exploring merger.

Capital structure and liquidity

• Authorized capital: ₹4 crore; paid-up capital: ₹1.44895 crore.
• Equity shares issued: 697,695.
• Net worth is negative at ₹-42.74 lakh.
• Total borrowings: ₹60.02 lakh (non-current); current borrowings: ₹0.
• Total assets: ₹18.34 lakh; total liabilities: ₹61.08 lakh.
• Dividend: none declared.

Governance and board

• Board comprises MD Prabhakar Khakhar; independent directors Kavita Pandare and Hiren Makwana.
• Proposed appointment of Ms. Anju Vijay Pandit as Non-Executive Independent Director for five years.
• CEO/CFO certification confirms accuracy and internal control adequacy.

Audits and controls

• Statutory auditor: Bilimoria Mehta & Co; no qualifications.
• Secretarial auditor: Jaymin Modi & Co; ROC intimations delayed in some instances.
• Auditors flag going-concern uncertainty; mitigants include lender confirmations and promoter support letter.

Related parties and corporate social responsibility

• Related party remuneration: ₹6.00 lakh to KMPs.
• Beginning of year outstanding balances: ₹39,800; year-end balance: nil.
• Related party policy available on company website; CSR not applicable.

Risks and outlook

• Risks include exchange-rate volatility, pricing pressure, competition, and regulatory changes.
• Strategy centers on trading growth; manufacturing exit and merger potential noted.
• Forward-looking statements caution: actual results may differ.

Audit findings and going concern

• Auditor's emphasis: going concern due to losses and negative net worth.
• Mitigating factors cited: lender confirmations, promoter comfort letter, projected revenue improvements.

AGM Details

• AGM date/time: 29 September 2026 at 11:00 AM IST.
• Mode: VC/OAVM; venue deemed at the registered office.
• Record date for voting: 22 September 2026.
• Register closure: 23–29 September 2026.
• Remote e-voting window: 25–28 September 2026.
• Members may join VC/OAVM 15 minutes before/after scheduled start.
• Notice and annual report available on company site and NSDL/BSE/NSE.

Resolutions

• Item 1: Ordinary resolution to adopt standalone financial statements for FY 2025-26.
• Item 2: Ordinary resolution to re-appoint Khakhar as Director, retiring by rotation.
• Special: Appoint Anju Vijay Pandit as Non-Executive Independent Director for five years; board remuneration; not liable to retire.

Director changes

• Khakhar re-appointed; retires by rotation.
• Anju Vijay Pandit appointed Non-Executive Independent Director.
• Term: five years from 01 Sep 2026; not liable to retire.

Book closure and AGM details

• Book Closure: 23 Sep 2026 to 29 Sep 2026 (inclusive) for AGM.
• Record Date: 22 Sep 2026 to determine eligibility to attend and vote at the AGM.
• AGM Date/Time: 29 Sep 2026 at 11:00 IST via VC/OAVM.

Q1 2026 results & going concern

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved by Board.
• Net loss for the quarter amounted to ₹6.10 lakhs.
• Accumulated losses: ₹90.98 lakhs; net worth: ₹(42.74) lakhs (negative).
• Emphasis of Matter on going concern due to losses; mitigants include lender confirmations, promoter letter, projections.
• Going concern assumption remains; auditor's conclusion not modified.
• Board meeting held 12 August 2026; results disclosed under SEBI Regulations.
• Standalone results reviewed, not audited.

Meeting Details

• Scheduled on 12 August 2026 at registered office.
• Un-audited standalone quarterly results for quarter ended 30 June 2026 to be reviewed.

Key Agenda Items

• Unaudited standalone financial results for quarter ended 30 June 2026; Limited Review Report.
• Any other business with permission of the Chair.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after results declaration.
• Trading window applies to designated persons, connected persons, directors, officers, and their immediate relatives.