AGM Schedule and Voting Details

The 52nd Annual General Meeting will be held on Saturday, 26th September 2026 at 02:00 PM through Video Conferencing/Other Audio Visual Means.

Key Dates:

  • Cut-off date for voting: 19th September 2026
  • E-voting commencement: 23rd September 2026 (9:00 AM)
  • E-voting ends: 25th September 2026 (5:00 PM)
  • AGM date: 26th September 2026 (02:00 PM)

Share transfer books will remain closed from 20th September 2026 to 26th September 2026 (both days inclusive).

Business to be Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026 with Directors' and Auditors' reports

2. Re-appointment of Mr. Krishan Kumar Goyal (DIN: 00482035) who retires by rotation

3. Appointment of M/s Sanjeev Sharma & Associates, Chartered Accountants (Registration No. 12326N) as Statutory Auditors for one year at remuneration of ₹2,50,000 per annum (₹2,00,000 statutory audit fee + ₹50,000 for tax audit and GST returns)

Special Business:

4. Re-appointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director from conclusion of AGM 2026 till conclusion of AGM 2031

5. Appointment of Dr. Surinder Kumar (DIN: 11032078) as Non-Executive Independent Director for five years till AGM 2031

6. Re-appointment of Prof. Anupama Sharma (DIN: 10306038) as Non-Executive Independent Director for second term of five years till AGM 2031

Director Details and Remuneration

Mr. Krishan Kumar Goyal (Chairman & MD):

  • DIN: 00482035, Date of Birth: 6th September 1956
  • Appointment date: 2nd October 1978 / 1st April 2023
  • Shareholding: 36,85,429 equity shares (26.78%)
  • Proposed remuneration: ₹2,00,000 per month salary plus perquisites including accommodation, gratuity, medical reimbursement, car with driver, etc.
  • Also serves as Chairman & MD of Modern Dairies Limited

Dr. Surinder Kumar (Proposed Independent Director):

  • DIN: 11032078, Date of Birth: 23rd November 1963
  • Appointment date: 11th August 2026
  • Qualifications: M.Sc (Dairy Tech), Ph.D. (Dairy Technology)
  • Experience: 35+ years in dairy development sector
  • Also serves as Independent Director on Modern Dairies Limited

Prof. Anupama Sharma (Independent Director):

  • DIN: 10306038, Date of Birth: 10th April 1972
  • Current term expires at 52nd AGM
  • Qualifications: Vice Chancellor, Madan Mohan Malaviya University of Technology
  • Expertise: Among top 2% scientists worldwide by Stanford Elsevier

Financial Highlights FY2025-26

Balance Sheet (as at 31st March 2026):

  • Total Assets: ₹19,86,28,000
  • Equity Share Capital: ₹14,40,23,000 (1,44,00,000 shares of ₹10 each)
  • Other Equity: ₹4,48,77,000
  • Loans (Non-current): ₹13,28,18,000
  • Current Assets: ₹6,50,37,000
  • Borrowings: ₹20,45,000

Profit and Loss (FY2025-26):

  • Other Income: ₹2,01,12,000 (primarily interest income)
  • Employee Benefits Expense: ₹39,95,000
  • Finance Costs: ₹6,000
  • Depreciation: ₹77,000
  • Other Expenses: ₹54,76,000
  • Net Profit: ₹1,05,58,000
  • EPS: ₹0.77

Key Financial Ratios:

  • Current Ratio: 8.47
  • Return on Equity: 0.058
  • Return on Capital Employed: 0.056

Auditor Changes

M/s APT & Co LLP, Chartered Accountants (current auditors) complete their term at this AGM. The Board recommends appointment of M/s Sanjeev Sharma & Associates, Chartered Accountants for one year.

Corporate Governance

  • Board consists of 4 directors (1 executive, 3 independent)
  • 4 board meetings held during FY2025-26
  • All applicable committees constituted (Audit, Nomination & Remuneration, Stakeholders Relationship)
  • No material related party transactions
  • No fraud reported during the year

Operational Status

The company has no manufacturing operations after selling its steel business at Mandi Gobindgarh. The company is evaluating various options for future business course.

Shareholding Pattern (as on 31st March 2026)

  • Promoters & Promoter Group: 90,18,936 shares (65.53%)
  • Indian Public: 45,24,908 shares (32.89%)
  • NRIs/OCBs: 11,445 shares (0.08%)
  • Mutual Funds & Banks: 7,000 shares (0.05%)

94.525% of equity shares are in dematerialized form.

Other Material Information

  • No dividend recommended for FY2025-26 due to meager profits
  • Company has no subsidiaries, joint ventures or associate companies
  • No deposits accepted from public
  • No CSR obligations triggered
  • No material changes affecting financial position post 31st March 2026