Annual General Meeting Details
- The 54th Annual General Meeting will be held on Wednesday, September 30, 2026 at 11:30 AM
- Meeting will be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Cut-off date for determining members entitled to vote: September 23, 2026
- Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Venue deemed to be Registered Office: 88C, Lake View Road, Kolkata - 700029
Business to be Transacted
Ordinary Business:
1. Adoption of Audited Annual Financial Statements for FY ended March 31, 2026
2. Re-appointment of Mr. Man Mohan Burman (DIN: 00591026) who retires by rotation
3. Appointment of Statutory Auditors M/s. Bandyopadhyay & Dutt, Chartered Accountants (FRN: 325116E) at remuneration to be decided by Board
Special Business:
4. Increase of Authorized Share Capital from ₹7,00,00,000 (70 lakh equity shares of ₹10 each) to ₹15,00,00,000 (1.5 crore equity shares of ₹10 each) by creating additional 80 lakh equity shares
Financial Performance Highlights (FY 2025-26)
- Total Income: ₹1715.02 lakh (Previous Year: ₹2650.09 lakh)
- Total Expenditure: ₹1613.01 lakh (Previous Year: ₹2347.07 lakh)
- Profit Before Tax: ₹102.01 lakh (Previous Year: ₹303.02 lakh)
- Profit After Tax: ₹80.44 lakh (Previous Year: ₹218.59 lakh)
- Basic & Diluted EPS: ₹1.28 (Previous Year: ₹3.47)
- Current Tax: ₹24.56 lakh
- Deferred Tax: (₹1.39) lakh
Capital Structure Impact
- Current Paid-up Capital: 62,99,952 equity shares of ₹10 each (₹6.30 crore)
- Proposed Authorized Capital Increase: From ₹7 crore to ₹15 crore
- Additional Shares: 80,00,000 equity shares of ₹10 each to be created
- IPO Funds Utilization: ₹41 lakh kept in fixed deposit for plant machinery purchase, not utilized yet
Director Information
- Mr. Man Mohan Burman (DIN: 00591026) retires by rotation
- Age: 82 years, Date of Appointment: May 20, 1988
- Qualification: Bachelor of Arts from National Defence Academy
- Experience: More than 37 years
- Shareholding: 2,70,864 shares
- Board Meeting Attendance: 100% (5 meetings held in FY25-26)
- Does not draw any salary from the Company
Auditor Appointments
- Statutory Auditors: M/s. Bandyopadhyay & Dutt, Chartered Accountants appointed till 56th AGM
- Internal Auditor: M/s. Basu Chatterjea & Co., Chartered Accountants (FRN: 301066E) appointed from May 31, 2026 to May 30, 2027
- Secretarial Auditor: Ms. Prachi Todi, Company Secretary
Corporate Actions
- Dividend: No dividend declared for FY 2025-2026
- Transfer to Reserves: ₹80.44 lakh transferred to reserves
- Dematerialization: 100% shares held in demat form
- Shareholding Pattern (as on March 31, 2026):
- Promoters: 65.00% (40,94,772 shares)
- Public: 32.05%
- Alternative Investment Funds: 1.78%
- NRIs: 1.17%
Key Management Personnel
- Mr. Vijay Burman - Chairman and Managing Director
- Mr. Man Mohan Burman - Executive Director
- Ms. Megha Burman - Executive Director
- Mr. Mayank Burman - CEO (appointed w.e.f June 1, 2026)
- Mr. Abhirup Bose - Chief Financial Officer
- Mr. Sanjay Agarwal - Company Secretary and Compliance Officer
Operational Highlights
- Main business: Thermal Insulation solutions, Manufacturing Thermal Insulation Jackets, Nodulated wool
- Export earnings: ₹380.12 lakh (Previous Year: ₹504.28 lakh)
- Foreign exchange outgo: ₹57.46 lakh (Previous Year: ₹79.08 lakh)
- Entered into Technology Transfer Agreement with IIT Roorkee for aerogel-based thermal insulation technology
Voting Instructions
- Remote e-voting through NSDL
- Members can vote electronically or during AGM through VC/OAVM
- Scrutinizer: CS Altab Uddin Kazi, Practicing Company Secretary
- Results to be placed on company website and NSDL website
Other Disclosures
- No subsidiaries, associates, or joint ventures
- No material changes or commitments affecting financial position
- No fraud reported by auditors
- No pending litigations impacting financial position
- Company listed on BSE SME platform with scrip code 544334