Pursuant to the provisions of Regulation 30 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Trio Mercantile & Trading Ltd reported FY2026 revenue of Rs 353.46 lakhs, up 49% from Rs 236.90 lakhs in FY2025. However, the company continues to post losses with net loss of Rs 5.36 lakhs (vs loss of Rs 5.42 lakhs in prior year). The statutory auditor issued an unmodified opinion confirming clean books. The auditors noted that the company extended unsecured interest-free loans which technically violate Section 186(7) of Companies Act regarding minimum interest rates, but this did not qualify the audit report. The company's cash flow from operations was significantly negative at Rs 367.82 lakhs due to large increases in loans and advances.
Despite strong revenue growth, the company remains loss-making with negative operating cash flow raising concerns about sustainability. The auditor's clean opinion provides some comfort, but shareholders should watch the company's ability to turn profitable and manage its working capital cycle.