AGM Details
The 41st Annual General Meeting is scheduled for Saturday, 08th August, 2026 at 12:30 P.M. (IST) at E-15, Ansal Villas, Satbari, New Delhi-110030.
Remote E-Voting Facility
The company is providing remote e-voting facility through National Securities Depository Limited (NSDL) for shareholders. The voting period commences on Wednesday, 05th August 2026 at 9:00 am and ends on Friday, 07th August, 2026 at 05:00 pm. The cut-off date for determining voting rights is Saturday, 01st August, 2026.
Business to be Transacted
Ordinary Business:
1. Adoption of Audited Financial Statements (Standalone and Consolidated) for the year ended 31st March 2026 and reports of Board of Directors and Auditors
2. Appointment of Director in place of Mr. Sameer Rajendra Purohit (DIN:05002079) who retires by rotation
Special Business:
3. Approval of related party transaction between Mr. Vijay Mehta (Promoter & Managing Director) and the company for sale of entire shareholding in Mefcom Securities Limited
4. Approval for sale of entire shareholding held by the company in its subsidiary, Mefcom Securities Limited
5. Approval for continuation of directorship of Dr. Shri Ram Khanna (DIN: 07723472) as Non-Executive Independent Director upon attaining age 75 years
6. Approval of managerial remuneration paid to Executive Directors in excess of limits prescribed under Section 197 of Companies Act, 2013 for FY 2025-26
7. Approval of managerial remuneration payable to Executive Directors in excess of limits for FY 2026-27
Financial Performance (Standalone)
- Total Revenue: ₹10,883.61 lakhs (Previous year: ₹20,669.86 lakhs)
- Total Expenditure: ₹11,068.74 lakhs (Previous year: ₹20,946.11 lakhs)
- Net Loss: ₹185.13 lakhs (Previous year: ₹273.46 lakhs loss)
- The reason for losses is primarily due to diminution in valuation of stock-in-trade
Financial Performance (Consolidated)
- Total Revenue: ₹11,413.60 lakhs (Previous year: ₹22,087.33 lakhs)
- Total Expenditure: ₹11,636.90 lakhs (Previous year: ₹22,301.32 lakhs)
- Net Loss: ₹223.30 lakhs (Previous year: ₹211.19 lakhs loss)
Subsidiary Transaction Details
The company currently holds 60% shareholding in Mefcom Securities Limited. The Audit Committee (12th November 2025) and Board of Directors (12th November 2025) have approved the sale of this entire stake to Mr. Vijay Mehta, Promoter & Managing Director.
Regulatory Approvals Obtained
- BSE Limited approval dated 23.03.2026
- NSE approval dated 23.04.2026
The consideration will be determined based on valuation as on 30th June 2026 by an Independent Registered Valuer. Mr. Vijay Mehta has already advanced ₹250 lakhs to the company for this transaction.
Managerial Remuneration Details
For FY 2025-26:
- Mr. Vijay Mehta: ₹24 lakhs per annum
- Mr. Sameer Rajendra Purohit: ₹58 lakhs per annum (previous: ₹35.75 lakhs)
For FY 2026-27 (proposed):
- Mr. Vijay Mehta: ₹84 lakhs per annum plus perquisites
- Mr. Sameer Rajendra Purohit: ₹60 lakhs per annum
Director Changes During FY 2025-26
- Mr. Ajay Kumar Poddar resigned as Non-Executive Independent Director on 23/05/2025
- Mr. Vijay Kant Mishra appointed as Non-Executive Independent Director on 13/08/2025
- Ms. Priyanka Mehta changed category from Executive Director to Non-Executive Director on 13/08/2025
Key Managerial Personnel Changes
- Ms. Priyanka Goyal resigned as Company Secretary & Compliance Officer on 07/04/2025
- Ms. Rachita Aggarwal appointed as Company Secretary & Compliance Officer on 23/05/2025
Share Capital
Authorized Share Capital: ₹1,000.00 lakhs (5,00,00,000 equity shares of ₹10 each)
Paid-up Share Capital: ₹914.02 lakhs (4,57,00,840 equity shares of ₹2 each)
Dividend
No dividend recommended for FY 2025-26.
Auditors
Statutory Auditor: Satya Prakash Garg & Co., Chartered Accountants (FRN No.: 017544N)
Secretarial Auditor: B K Sharma & Associates, Company Secretaries
Corporate Governance
Important Dates
- Register of Members and Share Transfer Books closure: 5th August to 8th August 2026
- Remote e-voting period: 5th August to 7th August 2026
- AGM date: 8th August 2026