Alteration in the Object clause of Memorandum of Association
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Awaiting price reaction for this filing.
FGP Ltd's board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹6.54 lakhs (vs ₹5.64 lakhs YoY), with other income of ₹38.38 lakhs driving total income to ₹44.92 lakhs. Net profit for the quarter was ₹27.32 lakhs (vs ₹28.47 lakhs YoY), with EPS of ₹0.23. The board also approved alterations to the Object Clause of the Memorandum of Association to enter into the business of commodity trading (including derivatives on exchanges or OTC), subject to shareholder approval via postal ballot. Additionally, Mr. Avi Mundecha resigned as Company Secretary effective August 22, 2025, and Ms. Shalu Sarraf was appointed as the new Company Secretary and Compliance Officer effective September 15, 2025. No capital investment is required for the new line; only working capital tied to the scale of business.
The core operating revenue remains very small (₹6.54 lakhs quarterly), with profitability largely dependent on other income — meaning the stock is unlikely to react materially on the results alone. The addition of commodity trading as a new business line could be a long-term positive if it generates meaningful revenue, but with no committed capital and no scale disclosed, near-term impact for shareholders is limited. Shareholders should watch the postal ballot outcome and any future disclosures on commodity trading volumes.