Patron Exim Ltd

Patron Exim Ltd has announced its audited standalone financial results for the half year and financial year ended March 31, 2026. The audit report expresses a qualified opinion due to concerns raised in Annexure 1, including related party transactions, unverifiable operating income, unpaid government taxes, and non-compliance with accounting standards. Loans and advances to related parties increased significantly, raising concerns about recovery. The auditor was unable to verify certain sales and purchase records and noted the absence of a mandatory audit trail.

Patron Exim Ltd has filed a statement of deviation and variation under Regulation 32(1) of the SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2026. The filing indicates deviations in the utilization of funds raised through a public issue on March 1, 2023, amounting to ₹16.68 Crores. The deviations relate to the allocation and utilization of funds for incremental working capital, general corporate purposes, and public issue expenses. The audit committee reviewed the statement, and the board has taken it on record.

Patron Exim Ltd's board approved the audited standalone financial results for the half year and financial year ended March 31, 2026, following the recommendation of the Audit Committee. The results, along with the auditor's report and statement on the impact of audit qualifications, are enclosed as Annexure-A. The board meeting was held on May 29, 2026, commencing at 03:30 PM (IST) and concluding at 04:15 PM (IST). The auditor's report contains a qualified opinion.

Patron Exim Ltd announces the resignation of Mr. Sumitkumar Jayantibhai Patel (DIN:08206567) from the position of Non-Executive Independent Director, effective from the close of business hours on June 01, 2026. The resignation, tendered on May 29, 2026, is due to personal reasons and other commitments. Mr. Patel has confirmed no other material reasons for his departure. The company is in the process of identifying suitable candidates for the position and will inform the Stock Exchange in due course, as per SEBI Listing Regulations.

Patron Exim Ltd announces the resignation of Mr. Sumitkumar Jayantibhai Patel (DIN:08206567) from the position of Non-Executive Independent Director, effective from the close of business hours on June 01, 2026. The resignation, tendered on May 29, 2026, is due to personal reasons and other commitments. Mr. Patel has confirmed that there are no other material reasons for his resignation. The company is in the process of identifying suitable candidates for the position and will inform the Stock Exchange in due course.

Patron Exim Ltd has rescheduled its Board of Directors meeting to May 29, 2026, to consider and approve the Audited Financial Results for the Half Year and Financial Year ended March 31, 2026. The meeting was initially scheduled for May 11, 2026, but was postponed due to unavoidable circumstances. The trading window for directors/officers/designated persons will remain closed until 48 hours after the results are submitted.

Patron Exim Ltd has scheduled a meeting of its Board of Directors on May 11, 2026, to consider and approve the Audited Standalone Financial Results for the half year and financial year ended March 31, 2026. The meeting will also address any other business with the Chair's permission.

Patron Exim Limited has responded to queries regarding its share price movement, stating that there are no material events or information impacting the company's operations or performance that require disclosure under SEBI regulations. The company attributes the share price fluctuation purely to market-driven factors, with no specific knowledge or control from the management regarding the reasons for the movement.

Patron Exim Ltd has announced the closure of the trading window for dealing in securities of the company by designated persons. The closure will be in effect from Wednesday, April 01, 2026 till 48 hours after the declaration of Financial Results for the Fourth Quarter and Financial Year ending March 31, 2026. The exact date of announcement of the Financial Results will be informed in due course.

Patron Exim Ltd, a company based in Ahmedabad, Gujarat, has reported no deviation or variation in the utilization of funds raised through its Initial Public Offerings (IPO) as of September 30, 2025. The statement of deviation or variation was reviewed by the Audit Committee and taken on record by the Board of Directors at their respective meetings held on November 12, 2025.