Trinity Tradelink Ltd has reported a net loss of Rs 62.82 lakh for FY2025-26 as revenue generation remains stagnant. The auditor has issued a qualified opinion, citing the complete erosion of net worth and significant uncertainty regarding the firm's ability to continue as a going concern. While the company is attempting to resolve its long-standing suspension by the BSE, it faces multiple statutory non-compliances and is preparing for its 41st Annual General Meeting later this September.
Trinity Tradelink Faces Auditor Concerns Following FY2025-26 Financials
Net loss of Rs 62.82 lakh recorded; auditor expresses doubt over going concern status.
Reader Takeaway: Deteriorating financials and statutory non-compliance pose significant hurdles to the company's planned listing restoration on the BSE.
What just happened
Trinity Tradelink Ltd has disclosed its financial performance for FY2025-26, reporting a net loss of Rs 62.82 lakh, a sharp increase from the previous year’s loss of Rs 15.76 lakh. The company recorded negligible business income of Rs 15,000 against expenses of Rs 57.39 lakh. The board has opted not to declare any dividend for the period.
Why this matters
The company’s independent auditor, M/s. PAMS & Associates, has issued a qualified opinion. The audit highlights the total erosion of net worth and a lack of active revenue-generating operations. Furthermore, the auditor cited significant limitations due to missing historical data and incomplete records, complicating the verification of opening balances.
The backstory
Trinity Tradelink has been under a cloud of regulatory scrutiny for years, with its shares suspended by the BSE since May 2018. In July 2026, the Securities Appellate Tribunal (SAT) instructed the BSE to restore the company's listing, contingent upon its adherence to SEBI’s Listing Obligations and Disclosure Requirements (LODR). The firm is currently in talks with the BSE Listing Operation Team to facilitate this restoration.
What changes now
The company is gearing up for its 41st Annual General Meeting (AGM) on September 29, 2026. Key agenda items include the re-appointment of Managing Director Mr. Vikrant Kayan, the appointment of M/s. Lipika & Associates as new statutory auditors, and the regularization of several independent directors. The company is also moving to adopt a new Memorandum and Articles of Association to ensure compliance with the Companies Act, 2013.
Risks to watch
Beyond the going concern warning, the company is managing systemic non-compliance issues, including failures to hold AGMs on time and lapses in filing required returns with the Registrar of Companies and SEBI. These regulatory hurdles remain the primary barrier to resuming normal trading activities.