Saianand Commercial Limited is an Indian listed entity headquartered in **Mumbai**, operating as a specialized commercial enterprise focused on trading and business services. The company maintains a streamlined corporate architecture, operating as a single-segment entity without any **subsidiaries, joint ventures, or associate companies**. Following a period of financial restructuring, the company is currently executing a transition toward scaled operations and enhanced market liquidity. --- ### **Capital Structure & Equity Evolution** The company has undergone significant capital restructuring to improve share affordability for retail investors and to provide the financial headroom necessary for future expansion. * **Authorized & Paid-up Capital:** As of **August 2025**, the **Authorised Share Capital** stands at **₹26,00,00,000** (26 crore shares of ₹1 each). The **Paid-up Capital** is **₹22,72,00,000** (22.72 crore shares of ₹1 each). * **Stock Split & Bonus Issue:** To widen the shareholder base, the company executed a sub-division of equity shares from a **Face Value of ₹10** to **₹1**. This was complemented by a **1:1 Bonus Issue**. * **Dematerialization:** Equity shares are traded exclusively in **compulsory dematerialization form** through agreements with **NSDL** and **CDSL**. * **Registrar & Share Transfer Agent:** **Satellite Corporate Services Private Limited**. **Comparative Capital & Strategic Limits** | Metric | Previous State | Current/Proposed State | | :--- | :--- | :--- | | **Face Value per Share** | **₹10** | **₹1** | | **Bonus Ratio** | N/A | **1:1** | | **Borrowing Limit** | Standard Statutory Limit | **₹100.00 Crores** | | **Investment/Guarantee Limit** | Standard Statutory Limit | **₹100.00 Crores** | | **Total Authorized Shares** | - | **26,00,00,000** | --- ### **Financial Performance & Turnaround Indicators** The company demonstrated a notable financial recovery in **FY 2023-24**, returning to profitability after a net loss in the preceding year. Management currently maintains a conservative fiscal policy, opting not to recommend **dividends** or transfer funds to **reserves** to preserve liquidity for growth. **Audited Financial Summary** | Particulars (INR) | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | | **Total Income** | **6,57,05,567** | **9,32,15,195** | | **Total Expenditure** | **5,75,59,398** | **10,40,53,661** | | **Profit / (Loss) Before Tax** | **81,46,169** | **(1,08,38,466)** | | **Profit / (Loss) After Tax** | **75,89,612** | **(1,08,38,466)** | | **Earnings Per Share (EPS)** | **0.03** (Est.) | **(0.05)** | **Balance Sheet & Asset Quality** * **Investments:** As of March 31, 2024, the company holds outstanding investments totaling **₹2,005.35 Lacs**. * **Lending Position:** The company reported **zero outstanding loans** given and **nil guarantees** provided as of the end of **FY 2024**. * **Audit Notes:** Balances for **Sundry Debtors, Creditors, and Loans & Advances** are currently subject to ongoing confirmation and reconciliation. --- ### **Strategic Growth & Financial Headroom** To support foreseeable business expansion, the company has secured shareholder approval to significantly increase its financial flexibility under Sections 180(1)(c) and 186 of the Companies Act: * **Enhanced Borrowing Power:** Limits have been raised to **₹100.00 Crores** to meet existing and future operational requirements. * **Investment Authority:** The Board is authorized to provide loans, guarantees, or securities up to **₹100.00 Crores** to other body corporates, providing a platform for strategic partnerships or capital deployment. --- ### **Core Competencies & Operational Oversight** The Board has identified five pillars of organizational expertise required to sustain its commercial operations: 1. **Project Management:** Oversight of equipment delivery and facility expansion. 2. **Market Operations:** Specialized focus on **B2B sales**, marketing, and account management. 3. **Global Reach:** Leveraging international business experience to explore new geographies. 4. **Technical & Supply Chain:** Management of production facilities, engineering talent, and manufacturing workflows. 5. **Administrative & Risk:** Financial management, industrial relations, and rigorous risk assessment. --- ### **Governance & Leadership Team** The leadership team, based in **Mumbai**, provides a mix of financial expertise and regulatory oversight. Notably, no remuneration was paid to Directors during the recent reported periods, and all related party transactions are conducted strictly on an **arm’s length basis**. | Name | Designation | Key Responsibilities | | :--- | :--- | :--- | | **Milanbhai Rameshbhai Khatri** | **Whole Time Director & CFO** | Finance and General Business Management | | **Kartik Raval** | **Whole Time Director** | Appointed July 2023 for a **3-year tenure** | | **Narendrakumar Vaniya** | **Independent Director** | Board Oversight & Audit Committee (**5-year term**) | | **Gaurangkumar V. Vaishnav** | **Director** | Board Oversight & Audit Committee | | **Kajal Milan Khatri** | **Director** | Non-Executive Oversight | | **Bhagyashree Vinayak** | **Company Secretary** | Compliance & Regulatory Affairs | --- ### **Risk Profile & Solvency Assessment** While the company has stabilized its earnings, it remains subject to the inherent risks of the commercial trading sector. * **Liquidity Management:** Management utilizes **financial ratios** and asset-ageing analysis to meet short-term obligations. As of **September 2024**, the company has **not incurred cash losses**, a significant improvement over the preceding year. * **Solvency:** Auditors have identified **no material uncertainty** regarding the company's ability to meet liabilities within a **12-month window**. However, long-term debt discharge remains dependent on the successful execution of future management plans. * **Audit Stability:** There have been **no resignations** of statutory auditors (**M/S. Rishi Sekhri and Associates**), indicating a stable regulatory and reporting environment. | Risk Category | Status (Sep 2024) | Historical Context | | :--- | :--- | :--- | | **Cash Losses** | **None** | Incurred in FY 2022-23 | | **12-Month Solvency** | **Capable** | Consistent | | **Related Party Transactions** | **Arm's Length** | None in FY 2022-23 | | **Auditor Consistency** | **Stable** | No Resignations |