AGM Details

  • Meeting Date: Wednesday, September 30, 2026 at 03:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Cut-off date: Wednesday, September 23, 2026 for determining members entitled to vote
  • Record date: Friday, September 04, 2026 for sending notice through electronic mode

E-Voting Details

  • Service Provider: National Securities Depository Limited (NSDL)
  • Remote e-voting period: From 9:00 AM on September 27, 2026 to 5:00 PM on September 29, 2026
  • Venue voting: Facility available during AGM for members who haven't voted remotely

AGM Agenda

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements and reports of Board of Directors and Auditors for FY ended March 31, 2026

2. To appoint Mr. Nohit Arora (DIN: 09424503) as director who retires by rotation and offers himself for reappointment

Financial Performance Highlights (FY 2025-26)

  • Revenue from operations: ₹8.15 crore (FY25: ₹13.53 crore)
  • Other Income: ₹2.42 lakh (FY25: ₹6.41 lakh)
  • Total Income: ₹8.18 crore (FY25: ₹13.59 crore)
  • Total Expenditure: ₹7.14 crore (FY25: ₹11.35 crore)
  • Profit before tax: ₹1.04 crore (FY25: ₹2.24 crore)
  • Current tax expense: ₹26.13 lakh (FY25: ₹58.32 lakh)
  • Deferred tax: ₹0.76 lakh (FY25: -₹0.28 lakh)
  • Net profit after tax: ₹76.94 lakh (FY25: ₹166.26 lakh)
  • EPS: ₹1.36 (FY25: ₹4.12)

Capital Structure Changes

  • Authorized Share Capital: Increased from ₹6.00 crore to ₹10.00 crore
  • Preferential allotment: Issued and allotted 13,50,000 Equity Shares of face value ₹10 each at issue price of ₹25 per share
  • Paid-up capital: Increased from ₹5.26 crore to ₹6.61 crore
  • Warrants allotted: 11,50,000 warrants convertible into equity shares, with 25% upfront payment of ₹71.88 lakh received

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26
  • Reserves: No amount transferred to reserves for the year

Business Operations

The Company operates in two business verticals:

1. Garment manufacturing: Designs and produces readymade garments including jeans, jackets and shirts

2. FMCG distribution: Acts as distributor for large FMCG companies supplying biscuits, energy drinks, chocolates, chips, and edible oil across multiple regions

Corporate Governance

Board Composition:

  • Mr. Mohit Arora - Managing Director (DIN: 07231072)
  • Mr. Nohit Arora - Whole Time Director (DIN: 09424503)
  • Ms. Sonam Arora - Director (DIN: 10163260)
  • Ms. Saloni Mehra - Independent Director
  • Ms. Sapna - Independent Director

Key Managerial Personnel:

  • Mr. Mohit Arora - Managing Director
  • Mr. Nohit Arora - Whole Time Director
  • Ms. Kavita Wadhwa - Company Secretary
  • Mrs. Shruti Khanna - CFO

Committee Composition:

  • Audit Committee: Ms. Saloni Mehra (Chairperson), Mrs. Sapna, Mr. Mohit Arora
  • Nomination & Remuneration Committee: Ms. Saloni Mehra (Chairperson), Ms. Sapna, Ms. Sonam Arora
  • Stakeholder Relationship Committee: Ms. Sapna (Chairperson), Ms. Saloni Mehra, Ms. Sonam Arora

Auditor Appointments

  • Statutory Auditors: M/s. Sharma Sharma & Co, Chartered Accountants (appointed for 5 years from 1st AGM till 6th AGM)
  • Secretarial Auditors: M/s. Priya Binani & Associates, Company Secretaries (appointed for 5 years from April 1, 2025 to March 31, 2030)
  • Internal Auditors: M/s. N.K. Mittal & Associates, Chartered Accountant

Regulatory Compliance Issues

  • Delays in filing certain forms with Registrar of Companies, Delhi - additional fees paid
  • Delay in submission of financial results for half year ended September 30, 2025 and FY ended March 31, 2026
  • Delay in submission of Integrated Filing with Stock Exchange
  • Penalties imposed by BSE Ltd. for non-compliance, which were duly paid

Related Party Transactions

  • Total directors' remuneration: ₹21.37 lakh
  • Transactions with related parties were on arm's length basis and in ordinary course of business

Other Significant Information

  • RTA: KFin Technologies Limited
  • Listing: BSE SME Platform (listed on January 09, 2025)
  • Employee strength: 40 permanent employees
  • CSR: Not applicable to the company

Scrutinizer Appointment

Ms. Priya Binani, Company Secretary in Practice (Membership No. A57190), Proprietor of M/s Priya Binani & Associates, appointed as Scrutinizer for e-voting process.

Voting Rights

Voting rights shall be in proportion to shares of paid-up equity share capital as on cut-off date September 23, 2026.

#Tags: #DavinSonsRetail #AGM2026 #FY26Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral