Surat Trade and Mercantile MD, chairman, board of directors and AGM
BSE: 530185Textiles & ApparelsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹3.99.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹85 Cr2,911th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 7.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 4 Jun 2026
- 0.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 5.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 0.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 4 Jun 2026
- 0.00
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,21,438
Surat Trade and Mercantile board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorAlok P. Shah
- Company Secretary and Compliance OfficerAnkita Prasiddha Shroff
6 directors3 independent3 executive
- Alok P. Shah · Managing directorExecutive · joined Jun 2022 · reappointed Jul 2025 · 15 months as independent · 1 listed board
- Suhail P. ShahExecutive · joined Sep 2023 · reappointed Sep 2026 · 1 month as independent · 1 listed board
- Paresh V. ChothaniExecutive · joined Nov 2021 · reappointed Nov 2024 · 22 months as independent · 1 listed board
- Kruti G. KothariIndependent · joined Jul 2019 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Deepak N. ShahIndependent · joined Aug 2022 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Manish J. GandhiIndependent · joined Jun 2024 · 27 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20266 of 6 present3 independent · 28 days in between
- 14 Jul 20265 of 6 present3 independent · 48 days in between
- 26 May 20266 of 6 present3 independent
Audit Committee
Chair Deepak N. Shah
Kruti G. Kothari, Manish J. Gandhi
- 12 Aug 20263 of 3 present3 independent · 28 days in between
- 14 Jul 20263 of 3 present3 independent · 48 days in between
- 26 May 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Deepak N. Shah
Kruti G. Kothari, Manish J. Gandhi
- 12 Aug 20262 of 3 present2 independent · 77 days in between
- 26 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Manish J. Gandhi
Paresh V. Chothani, Deepak N. Shah
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Deepak N. Shah
Paresh V. Chothani, Manish J. Gandhi
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Sharp and Tannan AssociatesPeer-review certificate valid to Apr 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Surat Trade and Mercantile AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Surat Trade and Mercantile share news and announcements
Annual general meeting, 22 Sep 2026
1,12,115 shareholders on the register on 15 Sep 2026; present: 6 promoters and 62 others; votes counted by Jigar Vyas / M/s. Jigar Vyas & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, the Report of the Board of Directors and Auditor thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 68.57% · promoters 100.00% · institutions 0.00% · other public 0.37%
- To appoint a director in place of Mr. Alok P. Shah (DIN: 00218180), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 28.32% · promoters 41.20% · institutions 0.00% · other public 0.37%
- To re-appoint Mr. Deepak N. Shah (DIN: 07356807) as an Independent Director for a second term of five consecutive years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 68.57% · promoters 100.00% · institutions 0.00% · other public 0.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 10 Aug 2026, 3 resolutions
1,12,812 shareholders on the register on 1 Aug 2026; present: 6 promoters and 27 others; votes counted by Jigar Vyas / M/s. Jigar Vyas & Associates.The company's voting result (opens in a new tab)
- To approve the re-appointment of Suhail P. Shah (DIN: 00719002) as Whole-Time Director for a period of 5 years.OrdinaryPromoters have an interest in it98.66% for1.34% against
Against: promoters 0.00% · institutions 0.00% · other public 1.34%
Turnout: all 0.11% · promoters 0.00% · institutions 0.00% · other public 0.35%
- Approval for increase in limit for making investments, providing loans, giving guarantees and securities under Section 186 of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.59%
Turnout: all 65.61% · promoters 95.69% · institutions 0.00% · other public 0.35%
- To approve and ratify Material Related Party Transactions with Mr. Alok P. Shah (DIN: 00218180), managing Director exceeding the prescribed limits for the Financial Year 2025-26.OrdinaryPromoters have an interest in it99.41% for0.59% against
Against: promoters 0.00% · institutions 0.00% · other public 0.59%
Turnout: all 0.11% · promoters 0.00% · institutions 0.00% · other public 0.35%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- No
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- Yes
The company's own answers in its filing.