Annual General Meeting Details

  • Meeting Date: Thursday, 27th August 2026
  • Time: 11:00 A.M.
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Cut-off date: 20th August 2026 for determining members entitled to vote
  • Book Closure: 21st August 2026 to 27th August 2026 (both days inclusive)

Ordinary Business

1. To receive, consider and adopt Audited Financial Statements for year ended 31st March 2026 with Reports of Board of Directors and Auditors

2. To appoint director in place of Mr. Karan Vijay Thakkar (DIN: 02724666) who retires by rotation and offers himself for re-appointment

Financial Performance Summary (FY 2025-26)

| Particulars | FY 2025-26 (₹ in Lakh) | FY 2024-25 (₹ in Lakh) |

| Net income from Operations | 1,634.76 | 3,245.85 |

| Other Income | 1.15 | 0.24 |

| Total Expenses | 1,247.73 | 2,947.41 |

| Depreciation | 4.68 | 3.80 |

| Profit/(Loss) before Tax | 383.50 | 294.88 |

| Tax (including prior years adjusted) | 1.50 | (0.48) |

| Net Profit/(Loss) for the year | 382.00 | 295.36 |

Capital Structure

  • Authorized Share Capital: ₹50 Crores (5,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-Up Equity Share Capital: ₹50 Crores as on 31st March 2026 (increased from ₹43.75 Crores previous year)
  • Capital Increase: During FY26, company allotted 62,50,000 equity shares upon conversion of remaining warrants from preferential allotment

Dividend and Reserves

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

Business Segments

Company operates in two reportable segments:

1. Foods Division: Import and sale of almonds (Revenue: ₹1,353.96 lakh)

2. Finance Division: Lending funds and investments (Revenue: ₹280.80 lakh)

Board of Directors Changes

Appointments (w.e.f. 01.04.2026):

  • Mr. Ashwin Sanghvi (DIN: 00871468) as Independent Director
  • Ms. Mira Shah (DIN: 10606042) as Independent Director
  • Mr. Rahul Parikh (DIN: 11619551) as Independent Director

Resignations (w.e.f. 31.03.2026):

  • Mr. Nitin Parikh (DIN: 00717297) as Independent Director
  • Mr. Rajesh Maheswari (DIN: 02375795) as Independent Director
  • Mrs. Falguni Mehta (DIN: 01612198) as Independent Director

Key Managerial Personnel

  • Mr. Vijay Thakkar - Chairman
  • Mr. Sanjay Thakkar - Managing Director
  • Mr. Karan Thakkar - Director & Chief Financial Officer
  • Mrs. Nehal Jain - Company Secretary & Compliance Officer

Director for Re-appointment

Mr. Karan Vijay Thakkar (DIN: 02724666)

  • Age: 37 years
  • Qualification: B.Com
  • Expertise: Finance
  • Date of first appointment: 03/12/2013
  • Shareholding: 21,50,000 Equity Shares
  • Board meetings attended: 7 out of 7 held during FY 2025-26
  • Terms: Executive Director liable to retire by rotation

Auditors

Statutory Auditors: M/s. S H Dama & Associates, Chartered Accountants (FRN: 125932W)

  • Appointed until conclusion of 18th AGM
  • Remuneration to be determined by Board based on Audit Committee recommendation

Secretarial Auditors: M/s. Sindhu Nair & Associates, Practicing Company Secretary (FCS-7938, CP-8046)

  • Appointed for five years up to FY 2029-30
  • Secretarial Audit Report contains no qualifications, reservations or adverse remarks

Related Party Transactions

Company entered into transactions with related parties in ordinary course of business:

  • Loan to Verve Greens Holding & Realty Pvt Ltd: ₹4,900.00 lakh (previous year: ₹4,100.00 lakh)
  • Interest received from Verve Greens Holding & Realty Pvt Ltd: ₹280.80 lakh (previous year: ₹180.50 lakh)
  • Purchase of products from Verve Greens Inc: ₹1,029.50 lakh (previous year: ₹2,579.30 lakh)

Corporate Governance Compliance

  • Company complied with corporate governance requirements under Companies Act, 2013 and SEBI Listing Regulations
  • Separate section on corporate governance with certificate from statutory auditors included in annual report
  • Company complied with Secretarial Standards SS-1 and SS-2 issued by ICSI

Internal Financial Controls

Auditors expressed unmodified opinion on adequacy and operating effectiveness of company's internal financial controls over financial reporting.

Shareholding Pattern (as on 31st March 2026)

  • Promoters & Promoter Group: 74.75% (3,73,75,000 shares)
  • Public Shareholding: 25.25% (1,26,25,000 shares)
  • Dematerialized Shares: 99.66% of total shares

Voting Arrangements

  • Remote e-voting period: 24th August 2026 (9:00 A.M.) to 26th August 2026 (5:00 P.M.) through NSDL
  • Scrutinizer: M/s. Sanjay Dholakia & Associates, Company Secretaries
  • Results declaration: To be announced within stipulated time and placed on company website

Other Material Information

  • Company has no subsidiaries, joint ventures or associate companies
  • No material changes affecting financial position occurred between year-end and date of directors' report
  • No significant material orders passed by regulators/courts/tribunals impacting going concern status
  • Company has adequate insurance coverage for all assets
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013