Key Quantitative Figures

  • Revenue from Operations: ₹1372.80 lakh (FY26) vs ₹1388.59 lakh (FY25)
  • Other Income: ₹52.32 lakh (FY26) vs ₹61.39 lakh (FY25)
  • Net Profit After Tax: ₹31.90 lakh (FY26) vs ₹36.23 lakh (FY25)
  • Total Assets: ₹1963.18 lakh (March 31, 2026) vs ₹1949.69 lakh (March 31, 2025)
  • Equity Share Capital: ₹903.47 lakh (unchanged)
  • Inventory: ₹231.51 lakh (FY26) vs ₹90.76 lakh (FY25)
  • Trade Receivables: ₹304.84 lakh (FY26) vs ₹1385.66 lakh (FY25)
  • Loans Given: ₹1210.12 lakh (FY26) vs ₹238.93 lakh (FY25)

Dates of Action

  • AGM Date: Tuesday, September 29, 2026 at 2:30 PM IST
  • Cut-off Date for Voting Rights: Tuesday, September 22, 2026
  • Remote E-voting Period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Financial Year Ended: March 31, 2026

Parties Involved

Board of Directors & KMP:

  • Mr. Vardhman Chhaganlal Shah (Chairman & Managing Director, DIN: 00334194)
  • Mr. Akshit Balwantrai Lakhani (Whole-time Director, DIN: 00334241) - resigned August 27, 2026
  • Mr. Bhavik Ashokkumar Shah (Independent Director, DIN: 09605363)
  • Mr. Raj Bhushan Mishra (Chief Financial Officer)
  • Mr. Yash Manish Shah (Non-Executive Director, DIN: 10727203)
  • Mrs. Vidhi Ankit Pala (Independent Director, DIN: 11070900) - appointed November 13, 2025
  • Mr. Vaibhav Vijaykumar Kadam (Company Secretary)

Auditors:

  • Statutory Auditors: M/s Vora & Associates, Chartered Accountants
  • Secretarial Auditor: VKMG & Associates LLP, Practicing Company Secretaries
  • Internal Auditors: M/s Moxit & Associates, Chartered Accountants

Registrar & Transfer Agent: Purva Sharegistry (India) Private Limited

Resolutions Proposed

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026 with reports of Board and Auditors

2. Re-appointment of Mr. Yash Manish Shah as director retiring by rotation

Special Business:

3. Appointment of Mrs. Vidhi Ankit Pala as Independent Director for first term of five years (November 13, 2025 to November 12, 2030)

4. Appointment of Mr. Paresh Shah (DIN: 07009753) as Whole-time Director for five years (August 27, 2026 to August 26, 2031) with monthly remuneration in scale of ₹3,000 to ₹10,000

Financial Impact Disclosed

  • Mr. Paresh Shah's proposed remuneration: Monthly fixed salary between ₹3,000-10,000 with reimbursement of business expenses
  • Mrs. Vidhi Ankit Pala's remuneration: Sitting fees of ₹10,000 per meeting
  • No dividend declared for FY26
  • No transfer to reserves

Capital Structure Impact

  • No change in share capital during FY26
  • Authorized capital: ₹1000 lakh (1,00,00,000 equity shares of ₹10 each)
  • Paid-up capital: ₹903.47 lakh (90,34,700 equity shares of ₹10 each)
  • 39,600 shares with unpaid calls of ₹1.98 lakh

Compliance Issues Identified

From Secretarial Audit Report:

1. Non-compliance with Section 185(1): Loans of ₹615.61 lakh to Vishal Enterprises (proprietorship of Director Mr. Akshit Lakhani) and ₹433.04 lakh to RL Global (proprietorship of relative of Director)

2. Non-filing of e-Form MGT-14 for grant of loans

3. Excess remuneration paid to Managing Director/Whole-time Director: ₹9 lakh each vs approved amounts

4. Website not updated as per Regulation 46 of SEBI LODR

5. Non-submission of newspaper publication intimations to stock exchanges for June 30, 2025 and September 30, 2025 quarters

Operational Highlights

  • Business: Trading of chemicals, poultry feed, base paper, tissue paper & press plate
  • AGM to be held through video conferencing/audio-visual means
  • No material changes affecting financial position post March 31, 2026
  • No pending litigations impacting financial position

Auditor Reports

Statutory Auditors (Vora & Associates):

  • Unqualified opinion on financial statements
  • No fraud reported under section 143(12)
  • Internal financial controls adequate and operating effectively

Secretarial Auditors (VKMG & Associates):

  • Qualified report with specific compliance exceptions noted

Voting Arrangements

  • Remote e-voting through Purva Sharegistry platform
  • Scrutinizer: Mr. Anish Gupta/Mr. Manish Rajnarayan Gupta of VKMG & Associates LLP
  • Results to be declared within two days of AGM and posted on company website