Annual General Meeting Details

  • Meeting Date: Wednesday, September 30, 2026, at 11:00 AM
  • Venue: Registered office at Survey No. 1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad-382430
  • Cut-off date for shareholder eligibility: Wednesday, September 23, 2026
  • Remote e-voting period: Sunday, September 27, 2026 (9:00 AM) to Tuesday, September 29, 2026 (5:00 PM)
  • Scrutinizer: Mr. Rohit Periwal, Practicing Company Secretary
  • E-voting agency: National Services Depository Limited (NSDL)

Business to be Transacted

Ordinary Business:

1. Adoption of Financial Statements: Adoption of audited standalone financial statements for FY ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Reappointment of Director: Reappointment of Mr. Anilkumar Prakashchandra Agrawal (DIN: 06810266) as Director who retires by rotation

3. Appointment of Statutory Auditors: Appointment of M/s. Pushpendra Gupta & Associates, Chartered Accountants (FRN: 114125W) as statutory auditors for 5 years from conclusion of 6th AGM till conclusion of 11th AGM at remuneration of ₹1,50,000 plus applicable taxes for FY 2026-27

Special Business:

4. Regularization of Independent Director: Regularization of Mr. Manoj Kumar Rastogi (DIN: 11688193) as Non-Executive Independent Director for term up to five consecutive years from May 26, 2026

5. Related Party Transactions: Approval for material related party transactions with Elegant Vinyl Private Limited under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR for period of five years with estimated value of ₹100 crore

6. Appointment of Secretarial Auditor: Appointment of M/s. Rohit Periwal & Associates, Company Secretaries (Unique Registration No. S2019GJ677700) as secretarial auditor for 5 years from April 1, 2026 to March 31, 2031 at remuneration of ₹1,20,000 plus applicable taxes for FY 2026-27

Financial Performance (₹ in lakhs)

| Particulars | 2025-26 | 2024-25 |

| Revenue from operations | 10,090.34 | 9,767.32 |

| Other Income | 51.98 | 34.54 |

| Total revenue | 10,142.31 | 9,801.85 |

| Total expenses | 9,572.08 | 9,305.09 |

| Profit before tax | 570.24 | 496.76 |

| Tax expense | 95.04 | 87.18 |

| Net profit | 475.19 | 409.59 |

Key Financial Position (as of March 31, 2026)

  • Share capital: ₹1,968.87 lakhs (1,96,88,680 equity shares of ₹10 each)
  • Reserves and surplus: ₹3,527.38 lakhs
  • Long-term borrowings: ₹574.50 lakhs
  • Current liabilities: ₹4,763.53 lakhs
  • Non-current assets: ₹1,987.00 lakhs
  • Current assets: ₹9,123.15 lakhs
  • Total assets: ₹11,110.15 lakhs

Corporate Actions

  • IPO Completion: Company successfully completed Initial Public Offering comprising fresh issue of 69,98,600 equity shares (aggregating ₹3,289.34 lakhs) and offer for sale of 9,84,400 equity shares (aggregating ₹462.67 lakhs) at price of ₹47 per share
  • Listing: Equity shares listed on BSE SME Platform with effect from January 23, 2026
  • IPO Expenses: ₹326.00 lakhs incurred, with ₹321.07 lakhs adjusted against Securities Premium Account
  • Dividend: No dividend recommended for FY 2025-26 to conserve resources for growth objectives

Board and Management Changes

  • Director Changes: Mr. Manoj Kumar Rastogi appointed as Additional Director (Non-Executive-Independent) effective May 26, 2026; Mr. Rahul Hareshbhai Modi resigned as Independent Director effective May 26, 2026
  • KMP Changes: Ms. Shikha Siddharth Makhija resigned as Company Secretary & Compliance Officer effective March 5, 2026; Mr. Dharmik Prakashbhai Radadiya appointed as Company Secretary & Compliance Officer effective March 13, 2026

Key Ratios

| Ratio | 2025-26 | 2024-25 | Change |

| Current Ratio | 1.92 | 1.26 | 52.38% |

| Debt-Equity Ratio | 0.59 | 1.89 | -68.78% |

| Return on Equity Ratio | 0.13 | 0.31 | -58.06% |

| Inventory turnover ratio | 2.09 | 2.46 | -15.04% |

| Trade Receivables turnover ratio | 3.74 | 4.88 | -23.36% |

| Net profit ratio | 0.05 | 0.04 | 25.00% |

Other Significant Disclosures

  • Employee Strength: 73 employees as of March 31, 2026 (excluding KMP and Directors)
  • Foreign Exchange: Earnings of ₹2,062.51 lakhs (exports) and outgo of ₹705.57 lakhs
  • Related Party Transactions: Transactions with Elegant Vinyl Private Limited amounting to ₹350.71 lakhs (purchases) and ₹478.20 lakhs (sales)
  • Bankers: Standard Chartered Bank and Punjab National Bank
  • RTA: Bigshare Services Private Limited

Voting Instructions

Detailed voting procedures provided for shareholders including:

  • Remote e-voting through NSDL platform
  • Login methods for demat account holders with NSDL and CDSL
  • Process for physical shareholders
  • Helpdesk contact details for technical support
  • Requirements for institutional shareholders