Surat Trade and Mercantile Ltd to Hold EGM on August 10 Amid Key Appointments and Approvals
Surat Trade and Mercantile Ltd announced several significant corporate actions as it prepares for its First Extra-Ordinary General Meeting (EGM) of the Financial Year 2026-27. The EGM is scheduled to take place on Monday, August 10, 2026, utilizing Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company set July 18, 2026, as the cut-off date for shareholder participation in the EGM.
A key administrative appointment disclosed is the selection of Mr. Jigar Vyas, from Jigar Vyas & Associates, a Company Secretary in Practice based in Surat, to serve as Scrutinizer for the e-voting and remote e-voting processes at the meeting, ensuring fairness and transparency.
EGM Agenda Highlights Key Business Decisions
The Extra-Ordinary General Meeting will address several critical corporate matters designed to strengthen the company's operational framework and governance structure. The business items slated for discussion and approval include:- Director Reappointment: Approval of the re-appointment of Mr. Suhail P. Shah (DIN: 00719002) as a Whole-Time Director for a period of five years.
- Financial Limit Increase: Approving an increase in the limit for making investments, providing loans, giving guarantees, and securities under Section 186 of the Companies Act, 2013.
- Related Party Transactions: To approve and ratify Material Related Party Transactions involving Mr. Alok P. Shah (DIN: 00218180), Managing Director, which exceed prescribed limits for the Financial Year 2025-26.
The appointment of Mr. Suhail P. Shah as a Whole-Time Director was previously considered and approved by the Board of Directors during a meeting held on May 26, 2026, with relevant disclosures provided to the Stock Exchange following that board meeting.
Stock Price Movement
Surat Trade and Mercantile Ltd shares closed on Tuesday, ticking up by 0.45% to ₹4.44. Throughout the day, the stock moved within a trading range established between a low of ₹4.40 and a high of ₹4.53.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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