Key Quantitative Figures

  • Revenue from Operations: ₹3317.68 lakhs (Previous year: ₹3036.96 lakhs)
  • Profit Before Depreciation & Tax: ₹115.26 lakhs (Previous year: ₹82.02 lakhs)
  • Profit Before Exceptional Items & Taxes: ₹39.45 lakhs (Previous year: ₹21.76 lakhs)
  • Exceptional Items: ₹37.94 lakhs (Previous year: Nil)
  • Profit After Tax: ₹1.52 lakhs (Previous year: ₹19.74 lakhs)
  • Total Comprehensive Income: ₹31.43 lakhs (Previous year: ₹27.76 lakhs)
  • Share Capital: ₹482.65 lakhs (4,807,786 equity shares of ₹10 each)
  • Reserves and Surplus: ₹430.83 lakhs
  • Gross Fixed Assets: ₹1794.20 lakhs
  • Net Fixed Assets: ₹343.76 lakhs
  • Inventories: ₹911.41 lakhs
  • Trade Receivables: ₹527.73 lakhs
  • Borrowings: ₹746.72 lakhs (Non-current: ₹260 lakhs, Current: ₹486.72 lakhs)
  • R&D Expenditure: ₹21.95 lakhs (Previous year: ₹18.90 lakhs)
  • Foreign Exchange Earnings: ₹2124 lakhs
  • Foreign Exchange Outgo: ₹1605 lakhs
  • Net Foreign Exchange Earnings: ₹519 lakhs

Dates of Action

  • AGM Date: September 28, 2026 at 11:00 AM through Video Conferencing
  • Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
  • E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Cut-off Date for E-voting: September 21, 2026
  • Board Meeting Dates: Four meetings held on May 24, 2025; August 11, 2025; November 12, 2025; February 14, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Parties Involved

  • Statutory Auditors: M/s. D K P & Associates, Chartered Accountants
  • Secretarial Auditors: M/s. Parikh & Associates, Practicing Company Secretaries
  • Registrars & Share Transfer Agents: M/s MUFG Intime India Private Limited
  • Scrutinizers: Ms. Sarvari Shah or Mr. Mitesh Dhabliwala of Parikh & Associates
  • Key Managerial Personnel:
  • Mr. Abhay B. Doshi (Managing Director)
  • Mr. Rajiv B. Doshi (Whole-time Director)
  • Mrs. Prema Radhakrishnan (Chief Financial Officer)
  • Ms. Mansi Gupta (Company Secretary & Compliance Officer)

Board of Directors

Non-Executive Directors:

  • Mr. R. M. Premkumar (Chairman)
  • Dr. U. Nimmagadda
  • Mr. Gautam B. Doshi

Independent Directors:

  • Mrs. Maryam Shojaei Baghini
  • Mr. Jayesh Khimji Rambhia
  • Mr. Akshay Rajendra Shah

Executive Directors:

  • Mr. Abhay B. Doshi (Managing Director)
  • Mr. Rajiv B. Doshi (Whole-time Director)

Business Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY2025-26

2. Reappointment of Mr. R.M. Premkumar (DIN: 00328942) as director retiring by rotation (Special Resolution required as he is over 75 years)

3. Reappointment of Mr. Gautam Doshi (DIN: 00328854) as director retiring by rotation

Special Business:

4. Reappointment of Mr. Jayesh Khimji Rambhia (DIN: 02049473) as Independent Director for second term of five years from August 6, 2026 to August 5, 2031

Financial and Operational Impact

  • Dividend: No dividend recommended for FY2025-26 to conserve resources
  • Exceptional Items: ₹37.94 lakhs impacted profitability (details not specified in disclosure)
  • Export Performance: Company exported to 14 countries with focus on RF Microwave PCBs with special materials
  • Market Focus: Space (Domestic and Global) and Defence (Domestic) identified as growth drivers
  • Manufacturing Facilities: Located at SEEPZ-SEZ, Mumbai with two units
  • Employee Strength: 146 permanent employees as on March 31, 2026

Capital Structure Impact

No change in share capital during the year. Share capital remains at ₹482.65 lakhs comprising 4,807,786 equity shares of ₹10 each.

Cash Flow Implications

  • Operating Cash Flow: ₹5.97 lakhs inflow
  • Investing Cash Flow: ₹150.41 lakhs outflow (mainly purchase of property, plant and equipment)
  • Financing Cash Flow: ₹127.88 lakhs inflow (mainly from borrowings)
  • Net Change in Cash: ₹16.55 lakhs decrease

Compliance Status

  • Secretarial Audit Report does not contain any qualifications, reservations or adverse remarks
  • Statutory Auditors' Report is unmodified
  • Company paid fine to BSE for non-submission of Annual Secretarial Compliance Report for FY2024-25
  • No material related party transactions during the year
  • No deposits accepted from public
  • No significant orders passed by regulators/courts impacting going concern status

Corporate Governance

  • Composition: 8 directors (6 non-executive, 3 independent including one woman director)
  • Committees: Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee
  • Whistle Blower Policy implemented with no complaints during the year
  • Familiarization program for independent directors conducted

Additional Information

  • Company website: www.finelineindia.com
  • Listed on: BSE Limited