Annual General Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 2:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: September 22, 2026
  • Book Closure: September 24-30, 2026 (both days inclusive)
  • E-voting Period: September 27-29, 2026 (9:00 AM to 5:00 PM through NSDL)

Agenda Items

Ordinary Business:

1. Adoption of Audited Standalone & Consolidated Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mr. Kapil Jeetendra Kothari (DIN: 02979665) as Managing Director

Special Business:

3. Approval for addition of solar and green energy business activities and alteration of Memorandum of Association

Financial Performance (FY 2025-26)

Standalone Financials (₹ in Lakhs):

  • Revenue from Operations: 188.75 (Previous Year: 240.00)
  • Other Income: - (Previous Year: 122.07)
  • Total Revenue: 188.75 (Previous Year: 362.07)
  • Total Expense: 76.96 (Previous Year: 95.77)
  • Profit Before Tax: 100.21 (Previous Year: 363.85)
  • Tax Expense: 24.70 (Deferred Tax) (Previous Year: -71.92)
  • Profit After Tax: 75.52 (Previous Year: 435.77)
  • EPS: ₹0.34 (Previous Year: ₹1.95)
  • No dividend recommended for the year

Consolidated Financials (₹ in Lakhs):

  • Total Revenue: 189.57
  • Total Expense: 388.63
  • Loss Before Tax: (210.64)
  • Tax Expense: 24.70
  • Loss After Tax: (235.34)
  • EPS: (₹1.05)

Capital Structure

  • Issued, Subscribed & Paid-up Capital: ₹22,40,32,800 divided into 2,24,03,280 Equity Shares of ₹10 each
  • Dematerialized Shares: 99.97% of paid-up capital (except 401,960 shares in physical form)
  • Shareholding Pattern: Promoters holding significant stakes including Kapil Kothari (12.89%), Poojan Mehta (10.65%), Prit Mehta (10.59%)

Board of Directors

As on March 31, 2026:

1. Mr. Kapil Jeetendra Kothari - Managing Director

2. Mr. Poojan Keyurbhai Mehta - Director & CFO

3. Ms. Reeya Dilip Kothari - Independent Director

4. Mr. Prashil Sanjay Shah - Independent Director

5. Mr. Bikash Tarafdar - Independent Director

Company Secretary & Compliance Officer: Mrs. Komal Keshwani

Subsidiaries and Associates

  • Subsidiary: Avishkar Keval Kunj Redevelopment Private Limited (93.33% holding)
  • Joint Ventures: Shraddha Mangalsmruti LLP Investment, Jigna Development Corporation, Avishkar Milestone Realty

Solar Business Diversification Proposal

The special resolution seeks to add new object clauses to Memorandum of Association for solar and green energy business including:

  • Solar energy systems manufacturing, installation and maintenance
  • Solar power generation projects development and operation
  • Engineering, procurement and construction (EPC) services for solar projects
  • Manufacturing of solar photovoltaic modules and components
  • Energy storage systems and battery energy storage systems (BESS)
  • Acquisition of land and assets for renewable energy projects

Regulatory Compliance Matters

Secretarial Audit Observations:

1. Company did not have proper composition of board of directors and committees as per SEBI LODR Regulations, 2015 (regularized on June 30, 2025)

2. Consolidated Statement of Cash Flow for year ended March 31, 2025 was not enclosed in board meeting outcome

3. Company paid fine of ₹94,400 to BSE for the default

Auditors:

  • Statutory Auditors: M/s. SDPM & Co., Chartered Accountants (FRN: 126741W)
  • Secretarial Auditors: M/s. MK Samdani & Co., Practicing Company Secretary

Key Financial Positions (Standalone as at March 31, 2026)

  • Property, Plant & Equipment: ₹1.57 lakhs
  • Investments: ₹15.30 lakhs
  • Inventories: ₹508.17 lakhs
  • Trade Receivables: ₹190.70 lakhs
  • Loans (to corporates): ₹1,770.30 lakhs
  • Cash & Cash Equivalents: ₹11.58 lakhs
  • Borrowings: ₹269.39 lakhs
  • Trade Payables: ₹6.66 lakhs

Corporate Governance

  • Compliance with SEBI Listing Regulations and Companies Act, 2013
  • All Independent Directors submitted declarations of independence
  • Board met 6 times during the year
  • Committees constituted: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee

Important Dates

  • AGM Date: September 30, 2026
  • E-voting: September 27-29, 2026
  • Book Closure: September 24-30, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Registrars & Share Transfer Agents

MUFG Intime India Private Limited

C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai-400083

Tel: 022-49186270, Email: rnt.helpdesk@in.mpms.mufg.com

#Tags: #AvishkarInfraRealty #AGM2026 #SEBIDisclosure #SolarEnergyDiversification #FinancialResults #RegulatoryCompliance #CorporateGovernance #Neutral