Annual General Meeting Details

The 32nd Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026 at 12:00 PM IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will be conducted in compliance with MCA Circular No. 03/2025 dated September 22, 2025 and SEBI Circular dated October 3, 2024.

Financial Performance Highlights

Standalone Results (FY 2025-2026):

  • Total Revenue: ₹42.05 lakh (Previous year: ₹56.56 lakh)
  • Profit Before Tax: ₹0.88 lakh (Previous year: ₹12.20 lakh)
  • Net Profit After Tax: ₹0.78 lakh (Previous year: ₹10.30 lakh)
  • Earnings Per Share (Basic & Diluted): ₹0.02 (Previous year: ₹0.33)
  • The company proposes to transfer ₹0.18 lakh (20% of net profit) to Special Reserve Fund

Consolidated Results (FY 2025-2026):

  • Total Revenue: ₹42.05 lakh (Previous year: ₹56.56 lakh)
  • Share of Loss from Associate (Palco Metals Limited): ₹(13.37) lakh
  • Net Loss After Tax: ₹(12.59) lakh (Previous year: Profit of ₹0.98 lakh)
  • Earnings Per Share (Basic & Diluted): ₹(0.40) (Previous year: ₹0.03)

Key Financial Position (Standalone as at March 31, 2026)

  • Cash & Cash Equivalents: ₹49.19 lakh
  • Trade Receivables: ₹17.11 lakh (net of provision)
  • Loans: ₹380.00 lakh (unsecured, repayable on demand)
  • Investments: ₹46.32 lakh (including ₹19 lakh in associate Palco Metals Limited)
  • Total Assets: ₹509.05 lakh
  • Equity Share Capital: ₹315.84 lakh (31,58,400 equity shares of ₹10 each)
  • Other Equity: ₹191.10 lakh

AGM Agenda Items

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for FY 2025-2026

2. Re-appointment of Mr. Vinod Agrawal (DIN: 00413378) as Non-Executive Director who retires by rotation

Special Business:

3. Re-appointment of Mr. Ashok Agrawal as Chairman & Managing Director for five years from April 1, 2026 to March 31, 2031 with following remuneration:

  • Salary: ₹50,000 per month
  • Furnished accommodation or house rent allowance in lieu
  • Provident Fund, Pension, Superannuation as per company rules
  • Gratuity as per company rules
  • Club facility for maximum two clubs
  • Car with driver for company business (personal use billed separately) - Telephone at residence (personal long-distance calls billed)
  • Leave travel fare for self and family once annually
  • Medical expenses reimbursement for self and family
  • Personal accident insurance premium

4. Appointment of M/s. Kunal Sharma & Associates as Secretarial Auditor for five years from FY 2026-27 to FY 2030-31 at remuneration of ₹75,000 per annum plus applicable taxes and expenses

5. Re-appointment of Mr. Kalpesh Mehta as Non-Executive Independent Director for second term of five years from January 1, 2026 to December 31, 2030

6. Re-appointment of Mrs. Meenu Maheshwari as Non-Executive Independent Director for second term of five years from June 21, 2026 to June 20, 2031

Board Composition and Changes

As on March 31, 2026, the Board comprised:

1. Mr. Ashok Agrawal - Managing Director

2. Mr. Vinod Agrawal - Director & CFO (resigned as CFO from February 27, 2026)

3. Mrs. Meenu Maheshwari - Independent Director

4. Mr. Kalpesh Mehta - Independent Director

5. Mr. Vinodkumar Singh - Additional Director (appointed March 26, 2026, resigned July 30, 2026)

6. Mr. Nishant Darak - Additional Independent Director (appointed April 8, 2026, resigned August 14, 2026)

During the year, Mr. Vinod Agrawal was re-designated from Executive Director to Non-Executive Director effective February 27, 2026.

Key Managerial Personnel Changes

  • Mr. Vinod Agrawal resigned as CFO effective February 27, 2026
  • Mr. Raj Gajjar appointed as CFO effective February 27, 2026
  • Mrs. Shweta Saparia continues as Company Secretary

Capital Structure Changes

Post-year end development: The Board approved increasing authorized share capital from ₹4.00 crore to ₹34.00 crore, which was approved by shareholders at an Extraordinary General Meeting held on April 25, 2026.

Shareholding Pattern

Promoters hold 42.87% of share capital. Major shareholders include:

  • Radius Global Private Limited: 9.16%
  • Tirupati Finlease Limited: 8.81%
  • Ashokkumar Babulal Agrawal: 6.40%
  • Ankit Kirankumar Agrawal: 6.17%

Voting Arrangements

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: September 23, 2026
  • Scrutinizer: Mr. Bipin Makwana, Practicing Company Secretary
  • Share transfer books will remain closed from September 23, 2026 to September 30, 2026

Other Material Information

  • The company has one associate: Palco Metals Limited (34% holding)
  • No dividends declared for the year
  • No deposits accepted from public during the year
  • No frauds reported by auditors under Section 143(12) of Companies Act, 2013
  • Email for investor queries: ksbspl@yahoo.in