Nature of Event

32nd Annual General Meeting notice and accompanying annual report containing financial statements, directors' report, and various corporate resolutions for shareholder approval.

Key Quantitative Figures

  • Revenue from Operations: ₹246,123,484.63 for FY 2025-2026 (₹249,382,775.00 in FY 2024-2025)
  • Profit Before Tax: ₹113,831.18 for FY 2025-2026 (₹5,608,482.56 in FY 2024-2025)
  • Profit After Tax: (₹87,133.59) loss for FY 2025-2026 (₹4,005,309.54 profit in FY 2024-2025)
  • Earnings Per Share: (₹0.01) basic/diluted for FY 2025-2026 (₹0.58 in FY 2024-2025)
  • Total Assets: ₹113,831,996.59 as of March 31, 2026 (₹77,418,987.16 as of March 31, 2025)
  • Paid-up Share Capital: ₹71,408,500.00 (71,40,850 equity shares of ₹10 each)
  • Managerial Remuneration: ₹12 lakh per annum each to four executive directors for FY 2025-2026 (increased from ₹8.10 lakh in FY 2024-2025)

Dates of Action

  • AGM Date: Monday, 10th August 2026 at 12:00 PM (IST) through Video Conferencing
  • Record Date: 31st July 2026 for determining members entitled to vote
  • Register Closure: Monday, 3rd August 2026 to Monday, 10th August 2026 (both days inclusive)
  • Remote E-voting Period: Friday, 7th August 2026 at 09:00 AM to Tuesday, 9th August 2026 at 05:00 PM
  • Director Reappointment Effective Dates:
  • Mr. Bal Aggarwal Kishan: 01-10-2026 to 30-09-2031
  • Mr. Sanil Aggarwal: 01-09-2026 to 31-08-2031
  • Mr. Arpan Aggarwal: 21st September 2025 to 20th September 2030

Parties Involved

  • Statutory Auditor: M/s Dinesh Kumar Goel & Co., Chartered Accountants (to be replaced by M/s Manish Jain & Associates, FRN: 015608N)
  • Internal Auditor: R S Gahlyan & Associates (Chartered Accountants)
  • Secretarial Auditor: M/s Vikas Verma & Associates, Company Secretaries
  • Scrutinizer: M/s Amit Saxena & Associates, New Delhi
  • RTA: Skyline Financial Services Private Limited
  • Bankers: Kotak Mahindra Bank Limited

Resolutions for Shareholder Approval

Ordinary Business

1. Adoption of Financial Statements: Approval of audited financial statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors

2. Reappointment of Director: Mr. Arpan Aggarwal (DIN: 00456309) retires by rotation and offers himself for reappointment

3. Appointment of Statutory Auditors: M/s Manish Jain & Associates, Chartered Accountants (FRN: 015608N) to be appointed for 5 consecutive years from 32nd AGM until 37th AGM

Special Business

4. Reappointment of Managing Director: Mr. Bal Aggarwal Kishan (DIN: 00456219) as Managing Director for 5 years from 01-10-2026 to 30-09-2031

5. Reappointment of Whole-Time Director: Mr. Sanil Aggarwal (DIN: 03073407) as Whole-Time Director for 5 years from 01-09-2026 to 31-08-2031

6. Reappointment of Whole-Time Director: Mr. Arpan Aggarwal (DIN: 00456309) as Whole-Time Director for 5 years from 21st September 2025 to 20th September 2030

7. Change in Designation: Mr. Rajpal Aggarwal (DIN: 00456189) from Whole-Time Director to Non-Executive Director effective 10th August 2026

8. Ratification of Managerial Remuneration: Approval of total managerial remuneration paid to directors during FY 2025-26 which exceeded limits prescribed under Section 197 of Companies Act, 2013

9. Increase in Borrowing Limits: Authorization to borrow money up to ₹50 crore, exceeding paid-up share capital and free reserves

10. Sale of Assets to Related Party: Authorization to sell company's land, building and plant & machinery to related parties for aggregate consideration of ₹11,00,00,000 or higher based on valuation

11. Revision in Director Remuneration: Approval for payment of remuneration to Managing Director and other directors for FY 2026-27 which may exceed limits under Section 197

Financial Performance Analysis

  • Total Income: ₹246,185,473.84 (₹252,842,882.03 in previous year)
  • Cost of Material Consumed: ₹160,293,343.12 (₹119,500,463.85 in previous year)
  • Employee Benefit Expenses: ₹6,164,353.00 (₹4,970,402.00 in previous year)
  • Finance Costs: ₹574,772.49 (₹57,969.92 in previous year)
  • Depreciation & Amortization: ₹4,850,056.23 (₹5,554,934.39 in previous year)
  • Tax Expense: ₹200,964.78 current and deferred (₹1,603,173.01 in previous year)

Capital Structure Impact

  • No change in share capital during the year
  • Authorized Share Capital: ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹7,14,08,500 divided into 71,40,850 equity shares of ₹10 each

Corporate Governance

  • Board Composition: 6 directors including 2 independent directors
  • Board Meetings: 6 meetings held during the year
  • Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee
  • Board Evaluation: Annual evaluation conducted of board, committees, and individual directors

Operational Highlights

  • Main Business: Manufacturing of non-woven fabric products including non-woven fabrics, carpets, felts, geo textiles
  • Factory Location: Delhi Milestone 78 K.M, NH-44, Opp. Village Jhattipur, Panipat, Haryana
  • Product Range: Non-Woven Fabrics, Non-Woven Carpets, Non-Woven Felt, Non-Woven Designer Carpets, Non-Woven Geo Textiles, Tufted Carpets
  • Raw Materials: Poly Fiber, Backing cloth, Polyester Woven Fabric, Cotton Waste, Marble Powder, Jute Yarn, Paper, Sublimation Ink, Oil & Chemicals

Related Party Transactions

  • Proposed sale of company's land, building and plant & machinery to Mrs. Ankita Aggarwal, Mrs. Ritu Aggarwal, Mr. Arpan Aggarwal and Mr. Sanil Aggarwal (related parties) for ₹12,00,00,000
  • Managerial remuneration paid to directors who are related to each other by family relationships

Voting Arrangements

  • AGM to be held through video conferencing/other audio-visual means
  • Remote e-voting facility provided through NSDL
  • Scrutinizer appointed to scrutinize e-voting process
  • Results to be displayed at registered office and company website