Key Dates and Events

  • AGM Date: September 29, 2026 at 12:30 PM through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date (Cut-off date for e-voting): September 22, 2026
  • Remote e-voting period: September 25, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST)
  • Annual Report dispatched to members: September 2, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Financial Performance Summary (Amount in ₹ lakhs)

| Particulars | FY 2025-26 | FY 2024-25 | Change |

| Total Income | 6611.70 | 5275.44 | +25.33% |

| Total Expenses | 6799.89 | 5257.73 | +29.33% |

| Profit/(Loss) Before Tax | (188.19) | 17.70 | (1163.22%) |

| Tax Expense/(Benefit) | (345.76) | 100.41 | (444.38%) |

| Profit/(Loss) After Tax | 157.57 | (82.71) | +290.51% |

Key Financial Ratios

  • Current Ratio: 2.10 (FY26) vs 1.10 (FY25)
  • Debt-Equity Ratio: (20.07) (FY26) vs (6.33) (FY25)
  • Return on Equity: (79.18%) (FY26) vs 34.98% (FY25)
  • Trade Receivable Turnover Ratio: 29.70 (FY26) vs 23.70 (FY25)
  • Net Profit Ratio: 2.39% (FY26) vs (1.58%) (FY25)

AGM Business Items

Ordinary Business

1. Adoption of Financial Statements: To consider and adopt Audited Financial Statements including Cash Flow Statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Director Re-appointment: To appoint director in place of Mr. Anil Thukral (DIN: 01168540) who retires by rotation and offers himself for re-appointment.

Special Business

3. Appointment of Secretarial Auditor: To appoint Ms. Shubhani Gupta, Company Secretaries (Membership No. A-60015, CP No. 27924) as Secretarial Auditor for 5 years commencing April 1, 2026 until March 31, 2031.

4. Material Related Party Transaction with Artha Logistics: Approval for transactions aggregating to ₹6 crore during FY 2026-27 for vehicle hiring and freight services.

5. Material Related Party Transaction with Saaverde Logiinfra: Approval for transactions aggregating to ₹6 crore during FY 2026-27 for transportation, logistics services, and vehicle hiring.

Corporate Details

Board of Directors

  • Mr. Jafar Ahamed (DIN: 06447145) - Director
  • Ms. Meenakshi Aggarwal (DIN: 06501558) - Director
  • Mr. Atul Kumar (DIN: 07372955) - Director
  • Mr. Anil Thukral (DIN: 01168540) - Managing Director

Key Managerial Personnel

  • Mr. Khemraj - Chief Financial Officer
  • Ms. Nupur - Company Secretary

Professional Appointees

  • Statutory Auditors: M/s V.K. Sehgal & Associates, Chartered Accountants
  • Internal Auditors: M/s APJ & Co., Chartered Accountants
  • Secretarial Auditor: M/s Priyanka Agarwal Company Secretaries (resigned effective August 31, 2026)
  • Share Transfer Agents: MUFG Intime India Pvt Ltd., New Delhi
  • Bankers: ICICI Bank Limited

Capital Structure and Shareholding

  • Equity Share Capital: ₹36,02,92,000 (divided into 36,02,92,000 equity shares of ₹1 each)
  • Dematerialized Shares: 34,25,77,740 equity shares (95.08% of total holding)
  • Listing: Bombay Stock Exchange (BSE) since November 10, 1994

Ongoing Matters

Capital Reduction Process

The company has filed a petition with Hon'ble NCLT, New Delhi (CP No. CP/11/ND/2024) for approval of reduction of share capital. The proposed scheme envisages:

  • Reduction of Paid-up capital from ₹36,02,92,000 to ₹3,60,29,200
  • Write-off of accumulated losses from the books to the extent of capital reduced
  • Next date of hearing: September 22, 2026

Regulatory Fines and Compliance Issues

The disclosure notes several fines imposed by BSE for various compliance delays:

1. Regulation 33: Delay in submission of Statement on Impact of Audit Qualification for year ended March 31, 2024 - Fine ₹1,12,100 (including GST)

2. Regulation 31A: Delay in submission of reclassification application - Fine ₹6,43,100

3. Regulation 23(9): Non-submission of related party disclosure for quarter ended September 30, 2024 - Fine ₹2,53,700 (including GST)

4. Regulation 31 and 13(3): Delay in submission of Shareholding pattern and statement on shareholder complaints - Fine ₹16,520

5. Regulation 6(1): Non-submission of additional details for appointment of company secretary - Fine ₹1,000

6. Regulation 33: Non-submission of Financial Results within prescribed period - Fine ₹10,55,000 (including GST)

The company has filed waiver applications with BSE for some fines and appeals with Securities Appellate Tribunal (SAT) for others.

Related Party Transactions

With Artha Logistics Private Limited

  • Relationship: Mr. Anil Thukral (Managing Director) is member of ALPL
  • Nature of Transactions: Freight charges payable, vehicle hiring rent, and other relevant transactions
  • Value Cap: ₹6 crore for FY 2026-27
  • Justification: ALPL provides vehicle hiring services as company doesn't have sufficient vehicles

With Saaverde Logiinfra Private Limited

  • Relationship: Mr. Saagar Thukral (son of Mr. Anil Thukral) is director; Mr. Sahil Thukral (son of Mr. Anil Thukral) is shareholder
  • Nature of Transactions: Transportation, logistics services, vehicle hiring
  • Value Cap: ₹6 crore for FY 2026-27 (9.08% of FY26 consolidated turnover)
  • Justification: SLPL will provide transportation services as company lacks sufficient vehicles

Both transactions are stated to be at arm's length pricing and in ordinary course of business.

Director Remuneration

  • Mr. Anil Thukral (Managing Director): ₹12,00,000 p.a. for FY26 (previous year: ₹12,00,000 p.a.)
  • Sitting fees for Independent Directors: ₹15,000 for Board meetings, ₹10,000 for Committee meetings

Auditor Remuneration

  • Statutory Audit Fee: ₹3,00,000
  • Tax Audit Fee: ₹50,000

Other Significant Disclosures

  • Corporate Social Responsibility: Not applicable as company doesn't meet thresholds under Section 135 of Companies Act, 2013
  • Deposits: Company has not accepted any deposits under Sections 73 to 76 of Companies Act, 2013
  • Internal Financial Controls: Board is satisfied about adequacy and operating effectiveness of internal financial controls
  • Whistle Blower Policy: Company has adopted Vigil Mechanism/Whistle Blower Policy
  • Sexual Harassment: No complaints received or pending under Sexual Harassment of Women at Workplace Act, 2013
  • Insider Trading: Company has adopted Code of Conduct for Prevention of Insider Trading
  • Board Meetings: 6 meetings held during FY25-26 with full attendance by all directors

Voting Arrangements

  • Scrutinizer: Mr. Amit Agrawal of M/s Amit Agrawal & Associates, Practicing Company Secretaries
  • E-voting Service Provider: MUFG InTime India Private Limited
  • Voting Rights: Proportionate to share of paid-up equity share capital as on cut-off date (September 22, 2026)
  • Remote e-voting: Available through NSDL, CDSL, and InstaVote platforms
  • Meeting participation: Through InstaMeet VC platform with registration requirements

Documents Available for Inspection

  • Register of directors and KMP and their shareholding (Section 170)
  • Register of contracts or arrangements in which directors are interested (Section 189)
  • All documents referred to in the notice
  • Available electronically from date of notice circulation until AGM date (September 29, 2026)