Key Dates and Events

  • 41st AGM Date: Thursday, 25th June 2026 at 03:00 PM IST
  • AGM Venue: Registered office at 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013
  • Remote e-voting period: Monday, 22nd June 2026 at 09:00 AM to Wednesday, 24th June 2026 at 05:00 PM
  • Register of Members closure: Friday, 19th June 2026 to Thursday, 25th June 2026 (both days inclusive)
  • Cut-off date for voting: Thursday, 18th June 2026

Board of Directors

  • Mr. Rajesh Hirji Shah - Managing Director (DIN: 00475776)
  • Mr. Sunil Hirji Shah - Executive Director and CFO (DIN: 02775683)
  • Mrs. Julie Mehul Shah - Non-Executive Director (DIN: 03500721)
  • Mr. Prashant Manharlal Parekh - Non-Executive & Independent Director
  • Mr. Ganesh Vijay Shiraskar - Non-Executive & Independent Director

Key Managerial Personnel

  • Ms. Rupali Dhiman - Company Secretary and Compliance Officer

Auditors

  • Statutory Auditors: M/s. A D V & Associates (Firm Registration No: 128045W)
  • Secretarial Auditors: M/s. D. Kothari and Associates

Business to be Transacted at AGM

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26 with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Sunil Hirji Shah (DIN: 02775683) who retires by rotation

Special Business (Items 3-11)

3. Entering into Lease Deed with Great White Global Private Limited

  • Property: Land bearing old Block/Survey No.36/P1 and new survey No. 953 admeasuring approximately 22,001 sq.mts. with buildings in village Gundlav, Taluka Valsad, Gujarat
  • Monthly lease rent: ₹2,00,000
  • Tenure: 29 years and 11 months from execution date
  • Great White Global holds 3.59% of company's equity and is part of promoter group

4. Entering into Deed of Easement (Right of Way) with Great White Global Private Limited

  • Creation of perpetual easementary rights over 9 meters wide road on company's land
  • Consideration: Inbuilt in rent payable under Lease Deed

5. Company acting as Confirming Party to Lease Deed between Lalji Velji Shah Anchorwala Valsad Gaushala and Panjrapor (trust) and Great White Global Private Limited

  • Adjacent land lease for 34 months from 1st June 2026 to 31st March 2029
  • Monthly rent: ₹3,00,000 plus applicable taxes
  • Company confirms and grants uninterrupted right of way

6. Leave and License Agreement with Karan Electronics and Electricals Private Limited

  • Property: 50 sq.ft. part of Office No. 307, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group through common shareholding

7. Leave and License Agreement with Huges Real Estates Developers LLP

  • Property: 50 sq.ft. part of Office No. 305, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group

8. Leave and License Agreement with Lakozy Builders LLP

  • Property: 50 sq.ft. part of Office No. 304, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group

9. Leave and License Agreement with Kalindi Properties Private Limited

  • Property: 50 sq.ft. part of Office No. 306, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group

10. Leave and License Agreement with Anchor Sky Scrapers LLP

  • Property: 50 sq.ft. part of Office No. 304, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group

11. Leave and License Agreement with Mount Blanc Real Estate LLP

  • Property: 50 sq.ft. part of Office No. 306, Krishna Chambers, Mumbai
  • Period: 33 months from 1st June 2026 to 28th February 2029
  • License fee: ₹10,000 per month
  • Associated with promoter/promoter group

Financial Highlights from Annual Report 2025-26

Financial Performance (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Revenue from Operations | - | - |

| Other income | 100.25 | 97.94 |

| Total Revenue | 100.25 | 97.94 |

| Employee benefits Expenses | 30.46 | 42.66 |

| Depreciation and amortization | 1.99 | 2.22 |

| Finance cost | 9.71 | 6.05 |

| Other Expenses | 46.26 | 67.21 |

| Total Expenses | 88.43 | 118.14 |

| Profit/(Loss) before Tax | 11.81 | (20.20) |

| Tax Expenses | 1.23 | (1.14) |

| Net Profit after Tax | 10.59 | (19.06) |

Balance Sheet Position (as at 31st March 2026)
  • Property, Plant and Equipment: ₹20.31 lakhs
  • Investment Property: ₹9.53 lakhs
  • Deferred tax Assets (Net): ₹11.80 lakhs
  • Other non-current assets: ₹271.88 lakhs
  • Cash and cash equivalents: ₹3.42 lakhs
  • Loans (Unsecured): ₹1,003.11 lakhs
  • Total Assets: ₹1,320.16 lakhs
  • Equity Share Capital: ₹190.56 lakhs (19,05,585 equity shares of ₹10 each)
  • Other Equity: ₹984.38 lakhs
  • Borrowings: ₹131.18 lakhs
  • Total Liabilities: ₹145.22 lakhs

Capital Structure

  • Authorized Capital: ₹5,00,00,000 divided into 50,00,000 equity shares of ₹10 each
  • Paid-up Capital: ₹1,90,55,850 divided into 19,05,585 equity shares of ₹10 each fully paid up
  • Dematerialized shares: 79.10% of share capital as on 31st March 2026

Dividend

No dividend recommended for financial year 2025-26. No amount transferred to Reserves.

Key Regulatory Compliance Information

  • SEBI Compliance: Company is non-compliant for dematerialization of entire Promoters shareholding under Regulation 31(2) of SEBI (LODR) Regulations, 2015
  • Secretarial Audit: Comments include non-production of attendance registers for Board, committees and Shareholders meetings
  • Corporate Governance: Provisions not applicable as paid-up equity capital does not exceed ₹10 crores and net worth does not exceed ₹25 crores
  • Business Responsibility Report: Not applicable as company outside purview of top one thousand listed entities

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Material related party transactions disclosed in Form AOC-2.

Contingent Liabilities

Disputed Income-tax demands totaling ₹243.15 lakhs for assessment years 1990-91 (₹54.90 lakhs), 1992-93 (₹31.57 lakhs), 2013-14 (₹11.43 lakhs), and 2014-15 (₹145.25 lakhs).

Voting Arrangements

  • Remote e-voting through Purva Sharegistry (India) Private Limited
  • Physical voting through ballot paper at AGM venue
  • Scrutinizer: Mrs. Dhanraj Kothari of M/s. D. Kothari and Associates
  • Members can opt for only one mode of voting (e-voting or ballot paper)

Other Significant Information

  • Company has 4 permanent employees as on 31st March 2026
  • No cases reported under Sexual Harassment of Women at Workplace Act, 2013
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • Shares not actively traded on BSE - market capitalization and P/E ratio not ascertainable