Submission of Annual Report for the Financial Year 2025-26

SURAT TRADE AND MERCANTILE LIMITED CIN: L17119GJ1945PLC000214 Registered office: 6th Floor, Tulsi Krupa Arcade, Near Aai Mata Chowk, Puna Kumbharia Road, Dumbhal, Surat, Gujarat, 395010 Phone: 0261-2311198 | Email ID: sharedepartment@stml.in | Website: www.stml.in Date: August 27, 2026 The Manager Dept. of Corporate Services, BSE Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 530185 – Surat Trade and Mercantile Limited Dear Sir/Madam, Sub: Submission of Annual Report under Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Financial Year 2025-26 ==================================================== As required under Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Annual Report for the Financial Year 2025-26 along with Notice of Annual General Meeting to be held on Tuesday, 22nd September, 2026 at 03:30 P.M. (IST) through Video Conferencing / Other Audio- Visual Means (VC/OAVM). The Company will dispatch the Annual Report along with Notice of the 80th AGM of the Company for the Financial year 2025-26 to the Members by electronic means on the email addresses as registered with the Registrar and Share Transfer Agents of the Company (KFin Technologies Limited) on 27th September, 2026. The Schedule of events is as set out below: Events Relevant dates 1. Cut-off date for e-voting Tuesday, 15th September, 2026 Saturday, 19th September, 2026 at 9:00 2. Commencement of e-voting A.M. (IST) Monday, 21st September, 2026 at 5:00 3. End of e-voting P.M. (IST) Tuesday, 22nd September, 2026, at 03:30 4. 80th Annual General Meeting P.M. (IST) The Annual Report along with the Notice of the Annual General Meeting has been uploaded on the website of the Company at www.stml.in. Please take the same on your records. SURAT TRADE AND MERCANTILE LIMITED CIN: L17119GJ1945PLC000214 Registered office: 6th Floor, Tulsi Krupa Arcade, Near Aai Mata Chowk, Puna Kumbharia Road, Dumbhal, Surat, Gujarat, 395010 Phone: 0261-2311198 | Email ID: sharedepartment@stml.in | Website: www.stml.in Thanking You, Yours faithfully, For SURAT TRADE AND MERCANTILE LIMITED Ankita Prasiddha Shroff Company Secretary and Compliance Officer Membership No.: A36425 Encl: As above. ANNUAL REPORT 2025-26 SURAT TRADE AND MERCANTILE LIMITED SURAT TRADE AND MERCANTILE LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS BANKERS Alok P. Shah (DIN: 00218180) HDFC Bank Managing Director Bank of Baroda Suhail P. Shah (DIN: 00719002) Wholetime Director REGISTRAR AND TRANSFER AGENTS Paresh V. Chothani (DIN: 00218632) KFin Technologies Limited Wholetime Director (Unit: Surat Trade and Mercantile Limited) Kruti Kothari (DIN: 08502921) Selenium Tower B, Plot Nos. 31 & 32, Woman Independent Director Financial District, Deepak N. Shah (DIN: 07356807) Nanakramguda, Serilingampally, Independent Director Hyderabad, Rangareddy, 500032. Manish J. Gandhi (DIN: 10671306) State: Telengana, India. Independent Director Email: einward.ris@kfintech.com Toll Free No. 1-800-309-4001 CHIEF FINANCIAL OFFICER Chandresh S. Punjabi COMPANY SECRETARY Mahej Gaurav Jaju* *Upto 30th April, 2026 Ankita Prasiddha Shroff** **Appointed with effect from 26th May, 2026 REGISTERED OFFICE CONTENTS PAGE NO. 6th Floor, Tulsi Krupa Arcade, Notice of 80th Annual General Meeting 2 Near Aai Mata Chowk, Puna Kumbharia Road, Directors' Report 16 Dumbhal, Surat - 395010 Report on Corporate Governance 40 CIN: L17119GJ1945PLC000214 Management Discussion & Analysis Report 64 Tel: (0261) 2311198. Independent Auditors’ Report 68 e-mail: sharedepartment@stml.in Balance Sheet 78 https://www.stml.in Statement of Profit and Loss 79 Cash Flow Statement 80 Notes forming part of the Financial Statements 83 STATUTORY AUDITORS Sharp and Tannan Associates, Chartered Accountants, Mumbai (“Surat Trade and Mercantile Limited”) 80th Annual General Meeting on Tuesday, 22nd September 2026 at 3:30 P.M. IST through Video Conferencing (‘VC’) / Other Audio - Visual Means (‘OAVM’) facility PB Annual Report 2025-26 Annual Report 2025-26 1 SURAT TRADE AND MERCANTILE LIMITED NOTICE To consider and, if thought fit, to pass with or without modifications the following Resolution as a Special Notice is hereby given that the 80th Annual General Resolution: Meeting (AGM) of the Company will be held on Tuesday, "RESOLVED THAT pursuant to the provisions of Sections 22nd September, 2026, at 03:30 P.M. (IST) through Video 149, 150, 152 and 160 read with Schedule IV and other Conferencing (VC) or Other Audio-Visual Means (OAVM) applicable provisions, if any, of the Companies Act, deemed to be held at the registered office of the Company 2013 ("the Act"), the Companies (Appointment and to transact the following business: Qualification of Directors) Rules, 2014 and Regulations 17, ORDINARY BUSINESS: 25(2A) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Item No. 1: Adoption of Audited Financial Statements 2015 ("Listing Regulations") (including any statutory To receive, consider and adopt the Audited Financial modification(s) or re-enactment(s) thereof for the time Statements of the Company for the Financial Year ended being in force), and based on the recommendation of the March 31, 2026, the Report of the Board of Directors and Nomination and Remuneration Committee and the Board Auditor thereon. of Directors, Mr. Deepak N. Shah (DIN: 07356807), who has submitted a declaration confirming that he meets the To consider and, if thought fit, to pass with or without criteria of independence as prescribed under the Act and modifications the following Resolution as an Ordinary the Listing Regulations and is eligible for re-appointment, Resolution. be and is hereby re-appointed as an Independent Director “RESOLVED THAT the Audited Financial Statements of the of the Company, not liable to retire by rotation, to hold Company for the financial year ended March 31, 2026, office for a second term of five consecutive years with and the reports of the Board of Directors and Statutory effect from 11th August, 2027 up to 10th August, 2032 (both Auditors thereon, as circulated to the Members, are days inclusive). hereby considered and adopted.” RESOLVED FURTHER THAT the Board of Directors of the Item No. 2: Re-appointment of a Director retires by Company (including any Committee thereof) be and is rotation hereby authorised to do all such acts, deeds, matters and To appoint a director in place of Mr. Alok P. Shah (DIN: things and to execute all such documents and writings 00218180), who retires by rotation in terms of Section as may be considered necessary, proper or expedient for 152(6) of the Companies Act, 2013 and being eligible, giving effect to this Resolution." offers himself for re-appointment. To consider and, if thought fit, to pass with or without By order of the Board of Directors modifications the following Resolution as an Ordinary For and on behalf of Resolution. SURAT TRADE AND MERCANTILE LIMITED "RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013, Mr. Alok P. Shah (DIN: 00218180), who retires Sd/- by rotation and, being eligible, offers himself for re- Ankita Prasiddha Shroff appointment, be and is hereby re-appointed as a Director Company Secretary & Compliance Officer of the Company, liable to retire by rotation." Membership Number: A36425 SPECIAL BUSINESS: Place: Surat Date: 12th August, 2026. Item No. 3: Re-appointment of Independent Director REGISTERED OFFICE To re-appoint Mr. Deepak N. Shah (DIN: 07356807) as an 6th Floor, Tulsi Krupa Arcade, Near Aai Mata Chowk, Independent Director for a second term of five consecutive Puna Kumbharia Road, Dumbhal, Surat - 395010 years. 2 Annual Report 2025-26 SURAT TRADE AND MERCANTILE LIMITED NOTES: through VC / OAVM on their behalf and to vote through remote e-voting, to [Showing first 8,000 characters — download PDF for full document]