Fraser and Company Ltd (539032)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Fraser's revenue was ₹0.3 Cr, and net profit ₹-0.3 Cr (a bigger loss than a year earlier); the operating margin was -64.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 | — | -31.6% |
| Operating profit | ₹-0.2 | loss widened | loss narrowed |
| Net profit | ₹-0.3 | loss widened | loss widened |
| EPS (₹) | -0.35 | loss widened | loss widened |
| Operating margin | -64.0% | — | — |
📢 Recent Corporate Announcements
Fraser and Company Limited submitted its quarterly Statement of Deviation or Variation under Regulation 32(1) for the quarter ended September 30, 2026. The company confirmed that it has not undertaken any Public Issue, Rights Issue, or Preferential Issue. Consequently, reporting deviations or variations in the use of proceeds is not applicable. This is a standard compliance disclosure with no operational or financial impact.
- Regulation 32(1) statement filed for the quarter ended September 30, 2026
- Filing dated October 13, 2026 submitted to BSE and CSE
- Statement of deviation marked not applicable due to zero public, rights, or preferential issues
Fraser and Company Ltd has issued a corrigendum to the notice of its 108th Annual General Meeting (AGM) scheduled for September 17, 2026. The corrigendum rectifies a printing error in Item No. 4 regarding a special resolution to alter Clause III (A) (1) of its Memorandum of Association (MOA). The updated clause expands the company's object clause to encompass civil construction contracting, infrastructure development, and trading in agricultural machinery. The proposed changes remain subject to shareholder approval at the AGM and approval from the Registrar of Companies (RoC), Mumbai.
- 108th Annual General Meeting scheduled for September 17, 2026, via Video Conferencing
- Corrigendum amends Item No. 4 (Special Business) to alter Clause III (A) (1) of the MOA
- Expanded object clause covers civil construction, roads, bridges, transmission towers, and farm equipment trading
- Original AGM notice was dated August 12, 2026
Fraser and Company Limited submitted its Annual Report for FY 2025-26 along with the Notice for its 108th Annual General Meeting (AGM) scheduled on September 17, 2026. Key special business includes altering the Memorandum of Association (MOA) object clause to enter civil construction and infrastructure contracting. For FY26, the company reported revenue of Rs 1.36 Cr with a net loss of Rs 0.62 Cr. The company's promoter holding stands low at 3.12%, while market capitalization is ~Rs 8 Cr.
- 108th Annual General Meeting scheduled for Thursday, September 17, 2026, at 12:30 PM IST via VC/OAVM
- Special Resolution proposed to alter the MOA Object Clause III(A)(1) to include civil works, construction, roads, and infrastructure contracting
- Resolution proposed to regularize Additional Independent Director Ms. Rekha Rani Naraniwal (appointed w.e.f. November 15, 2025)
- Auditor notes indicate trade receivables, advances, and trade payables remain subject to confirmation and reconciliation as of March 31, 2026
Fraser and Company Limited has issued a notice convening its Annual General Meeting (AGM) on September 17, 2026, via Video Conferencing. Key agenda items include adopting audited financial statements for FY26, re-appointing director Ms. Yogeeta Rajkumar Shivhare, and regularizing Ms. Rekha Rani Naraniwal as an Independent Director. Additionally, the company seeks shareholder approval via special resolution to alter its Memorandum of Association (MOA) object clause to enter civil construction and contracting businesses. This comes as the microcap firm operates on a small scale with TTM revenue of Rs 2 Cr and net loss of Rs 1 Cr.
- AGM scheduled for Thursday, September 17, 2026, at 12:30 P.M. via VC/OAVM
- Special resolution proposed to alter Clause III (A) (1) of the MOA to include civil construction and contracting businesses
- Proposal to regularize Ms. Rekha Rani Naraniwal as Non-Executive Independent Director, originally appointed on November 15, 2025
- Consideration and adoption of Standalone Audited Financial Statements for FY ended March 31, 2026
Fraser and Company reported a net loss of ₹0.28 Cr for Q1 FY27 on a revenue of ₹0.26 Cr. The statutory auditor issued a qualified opinion, highlighting ₹1.34 Cr in unconfirmed old receivables and ₹2.87 Cr in undocumented supplier advances dating back to 2022. Additionally, the company faces recovery suits from five creditors totaling ₹2.99 Cr. The company also realized a loss of ₹0.13 Cr from the sale of two residential flats acquired through a previous debt settlement.
- Net loss of ₹0.28 Cr for the quarter ended June 30, 2026, compared to a loss of ₹0.09 Cr in the year-ago period.
- Auditor flagged ₹1.34 Cr in trade receivables outstanding for over 12 months without balance confirmation.
- Undocumented advances to suppliers totaling ₹2.87 Cr paid prior to December 2022 remain unverified.
- Five creditors have filed recovery suits against the company for a total of ₹2.99 Cr.
- Loss of ₹0.13 Cr recognized on the sale of two residential flats realized at ₹1.99 Cr.
Fraser and Company reported a net loss of Rs 0.28 crore for the quarter ended June 30, 2026, on a total income of Rs 0.14 crore. The results are heavily qualified by auditors who highlighted Rs 3.88 crore in unconfirmed long-term payables and Rs 1.34 crore in unconfirmed receivables. Critically, five creditors have filed recovery suits against the company for Rs 2.99 crore, representing nearly 37% of the company's market capitalization. The company also recorded a loss of Rs 0.125 crore from the sale of two residential flats during the period.
- Net loss widened to Rs 0.28 crore in Q1 FY27 from a loss of Rs 0.09 crore in Q1 FY26
- Auditors issued a qualified opinion on Rs 3.88 crore of trade payables lacking balance confirmations
- Five creditors have initiated recovery suits in various courts for a total of Rs 2.99 crore
- Unconfirmed advances to suppliers totaling Rs 2.86 crore lack supporting documentation and purpose
- Trade receivables of Rs 1.34 crore are outstanding for over 12 months without confirmation
Fraser and Company reported a net loss of ₹0.28 Cr for Q1 FY27 on a total income of ₹0.136 Cr. The statutory auditors issued a qualified opinion, highlighting ₹1.34 Cr in unconfirmed trade receivables older than 12 months and ₹2.86 Cr in undocumented supplier advances dating back to 2022. Critically, the company disclosed that five creditors have filed recovery suits totaling ₹2.99 Cr, which represents nearly 37% of the company's current market capitalization. Additionally, the company realized a loss of ₹0.125 Cr from selling two residential flats acquired through a previous NCLT settlement.
- Net loss of ₹2.84 Million (₹0.28 Cr) for the quarter ended June 30, 2026.
- Auditors flagged ₹13.39 Million in trade receivables outstanding for over 12 months without confirmation.
- Five creditors have filed recovery suits against the company for a total of ₹29.90 Million (₹2.99 Cr).
- Undocumented advances to suppliers totaling ₹28.65 Million (₹2.86 Cr) dating back to before December 2022.
- Loss of ₹1.25 Million recognized on the sale of two residential flats held as investment property.
Fraser and Company Ltd has scheduled a board meeting on August 11, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. Crucially, the board will also consider altering the 'Main Object Clause' of the company to align with current and future business plans. This potential pivot is significant for a micro-cap entity with a TTM revenue of just Rs 1 Cr and negative operating margins of -45.3%. The meeting will also finalize the notice for the upcoming Annual General Meeting (AGM).
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 financial results.
- Proposal to alter the Main Object Clause to align with future business plans.
- Trading window for designated persons closed from July 1, 2026, to August 13, 2026.
- Appointment of M/s. AAS & Associates as Scrutinizers for the upcoming AGM.
- Company reported a net loss of Rs 0.27 Cr in the most recent quarter (March 2026).
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