Fraser and Company Ltd Announces Quarterly Financial Results and Board Decisions

Fraser and Company Ltd Announces Quarterly Financial Results and Board Decisions​

Fraser and Company Ltd has released the unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on August 11, 2026. The company also addressed several strategic governance items, including changes to its main object clause and preparations for the upcoming Annual General Meeting (AGM).

The operational focus of Fraser and Company Ltd remains strictly within the single segment of supplying construction and real estate related materials.

Quarterly Financial Performance Highlights​

The results provided reflect performance across multiple financial periods. The following table details key financial metrics, measured in Rs. Million (except per share data):

Operational Status and Risk Factors​

The company's financial notes highlighted several areas requiring operational focus:

• Trade Receivables: Trade receivables amounting to Rs. 13.39 million were noted as outstanding for over 12 months as of the Balance Sheet date. Management confirmed continuous efforts are underway to recover these amounts.
• Trade Payables: Trade payables totaling Rs. 38.63 million remained outstanding for a substantial period. The management is actively engaged with concerned parties to obtain balance confirmations and reconciliation, planning a phased settlement based on cash flows.
• Litigation: Five creditor's parties have filed recovery suits against the company concerning dues covered by court notices, amounting to Rs. 29.90 Million as per the books of account.

Asset Management and Past Settlements​

The company reviewed previous financial activities related to large settlements:

• During the prior year, receivables aggregating Rs. 8270 million from three parties involved in proceedings before the National Company Law Tribunal (NCLT) were settled on November 17, 2025. The settlement included receipt of Rs. 40.00 million via demand drafts and four residential flats valued at Rs. 39.74 million, which were recognized as Investment Property.
• In the current period, two of these residential flats were sold for Rs. 19.87 million, resulting in a loss of Rs. 1.25 million, which was recorded under "Other Income" as "Loss on Sale of Investment Property."

Governance and Corporate Actions​

Key actions taken by the Board included:

• AGM Preparations: The board planned to issue notice and call shareholders for the Annual General Meeting (AGM) for the financial year 2025-26.
• Auditor Appointments: M/s AAS & Associates was appointed as Scrutinizers for the upcoming AGM 2026.
• Reporting and Objects: The company agreed to adopt the Directors Report for the Financial Year 2025-2026 and decided to alter its Main Object Clause to align with current and future business plans.

Stock Price Movement​

Fraser and Company Ltd shares concluded trading at ₹9.59 today, rising 2.24% in the post-market session. The stock spent the day navigating a range that spanned from an intraday low of ₹9.01 to a high of ₹9.62.