Meeting Details

The Board meeting commenced at 17:30 hours and concluded at 19:00 hours at the company's registered office.

Key Decisions Approved

Annual General Meeting Arrangements:

  • 35th Annual General Meeting scheduled for Wednesday, September 30, 2026 at 5:30 PM through Video Conferencing or Other Audio Visual Means
  • Register of Members and Share Transfer Books closure period: Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive) for AGM purposes under Regulation 42
  • Record Date/Cut-off Date for e-voting eligibility: Wednesday, September 23, 2026
  • E-voting period: Sunday, September 27, 2026 at 9:00 AM to Tuesday, September 29, 2026 at 5:00 PM
  • CDSL appointed to handle e-voting process
  • M/s Vivek Surana and Associates, represented by proprietor CS Vivek Surana (ICSI Membership No. A24531, CP No. 12901) appointed as Scrutinizer

Document Approvals:

  • Notice of 35th AGM and Director's Report for FY ended March 31, 2026 with all annexures
  • Annual Report for Financial Year 2025-2026 with all annexures
  • Secretarial Audit Report for Financial Year 2025-26

Director Appointments:

  • Recommended reappointment of Mrs. Sushila Kabra (DIN: 01432698) as Director retiring by rotation
  • Recommended regularization of Mr. Vemula Jalaprasad (DIN: 11358329) as Executive Whole Time Director for 3 years effective March 23, 2026, subject to shareholder approval

Capital Reduction Scheme:

  • Approved Scheme of Reduction of Capital under Section 66 of Companies Act, 2013
  • Scheme provides for reduction and reorganization of company's capital
  • Requires approvals from shareholders, Hyderabad Bench of NCLT, and other statutory/regulatory authorities
  • Scheme will be available on company website after filing with BSE

Director Profiles

Mr. Vemula Jalaprasad:

  • Postgraduate degree in Structural Engineering from Jawaharlal Nehru Technological University, Kakinada
  • Results-driven civil engineering professional with over a decade of experience in infrastructure and project management
  • Focus on engineering precision, operational excellence, and sustainable development
  • Leadership approach integrates strategic planning, resource optimization, and strict quality control
  • Not debarred from holding office of Whole Time Executive Director

Mrs. Sushila Kabra:

  • Graduate in Arts
  • Vast experience in running Small Scale Industries
  • Not related to any directors of the company
  • Not debarred from holding office of Non-Executive Director

Capital Reduction Details

Quantitative Impact:

  • Current paid-up equity share capital: ₹5,35,00,000 (5.35 crore) comprising 53,50,000 equity shares of ₹10 each
  • Post-reduction capital: ₹26,75,000 (26.75 lakh) comprising 2,67,500 equity shares of ₹10 each
  • Shares to be cancelled: 50,82,500 equity shares on pro-rata basis
  • Amount set off against accumulated losses: ₹5,08,25,000 (5.08 crore)

Qualitative Impact:

  • Significant reduction of accumulated losses in company's balance sheet
  • Improvement in net worth of the company
  • Simplified capital structure with unchanged relative shareholding percentages
  • No consideration paid to shareholders for cancelled shares
  • Enhanced financial ratios and capital efficiency

Benefit Analysis:

  • No benefit to promoter/promoter group/group companies from the proposed restructuring
  • Shareholding pattern post-reduction will maintain same percentage holdings for all existing shareholders