AGM Details

The 72nd Annual General Meeting is scheduled to be held on Wednesday, September 16, 2026, at 2:00 p.m. (IST) through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM'). The record date for determining members entitled to vote is Wednesday, September 09, 2026.

Dividend Information

The Board recommended a Final Dividend of ₹16.48 per equity share (164.80% of face value of ₹10 each) for FY 2025-26, subject to shareholder approval at the AGM. The dividend payment date is on or after September 20, 2026. An Interim Dividend of ₹3.00 per share (30%) was already declared and paid during the year, resulting in an outflow of ₹172.41 lakhs (including TDS).

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Total Revenue: ₹2,679.75 lakhs (Previous: ₹2,013.92 lakhs)
  • EBITDA: ₹1,111.41 lakhs (Previous: ₹1,172.19 lakhs)
  • EBITDA Margin: 41.47% (Previous: 58.20%)
  • Profit Before Tax: ₹1,111.41 lakhs (Previous: ₹1,171.98 lakhs)
  • Profit After Tax: ₹1,068.91 lakhs (Previous: ₹1,055.43 lakhs)
  • Net Worth: ₹91,691.79 lakhs (Previous: ₹1,16,356.09 lakhs)
  • Cash and Cash Equivalents: ₹85.58 lakhs (Previous: ₹337.16 lakhs)
  • Long-term Debt: Nil (Previous: Nil)

Segment Performance

The Company operated through two reportable segments:

1. Investment Segment: Primary focus with significant investments in equity instruments

2. Trading Segment: Expanded operations in basic and specialty chemicals

Key Financial Ratios

Significant changes (over 25% variance) explained:

  • Debtors Turnover: 54.38 (Previous: 73.55) - 26.06% decrease due to increased sales with proportionately lower year-end receivables
  • Current Ratio: 8.33 (Previous: 6.74) - 23.67% increase due to higher current assets from sales growth
  • Net Capital Turnover Ratio: 0.72 (Previous: 0.53) - 37.36% improvement due to efficient capital utilization
  • Net Profit Ratio: 0.40 (Previous: 0.52) - 23.89% decrease due to higher operating costs
  • Adjusted Operating Profit Margin: 41.47% (Previous: 58.19%) - 28.73% decline due to higher cost of goods sold

Corporate Actions

  • Director Appointment: Mr. Ness N. Wadia retires by rotation and offers himself for re-appointment
  • Manager Appointment: Mr. Deepak Kumar proposed as Manager for 5 years from August 27, 2026 to August 26, 2031
  • Key Managerial Changes:
  • Mr. Akshay Satasiya resigned as Company Secretary effective March 08, 2026
  • Mr. Chirag Kothari resigned as Manager effective May 31, 2026
  • Ms. Jui Masurkar appointed as Company Secretary effective April 30, 2026

Capital Structure

  • Authorized Share Capital: ₹2,550.00 lakhs (25,500,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹574.70 lakhs (5,747,000 equity shares of ₹10 each) - unchanged during the year
  • Promoter Holding: 70.76% as of March 31, 2026
  • Dematerialized Shares: 99.40% of total paid-up capital

Investments

  • Non-current Investments: ₹88,835.34 lakhs in equity instruments (quoted and unquoted)
  • Current Investments: ₹709.83 lakhs in mutual funds
  • Major investments include shares in The Bombay Dyeing & Manufacturing Company Limited and The Bombay Burmah Trading Corporation Limited

Related Party Transactions

All transactions with related parties were conducted at arm's length basis and in ordinary course of business. No material significant related party transactions requiring shareholder approval were entered into during the year.

Risk Management

The Company identified and mitigated several risks including trading risk, market risk, reputation risk, technology risk, and regulatory risk through structured risk management framework.

Corporate Governance

  • Board comprises 6 Directors (3 Non-Executive Non-Independent, 3 Independent including 1 Woman Independent Director)
  • 5 Board meetings held during the year with full attendance by most directors
  • All mandatory committees constituted and functional (Audit, NRC, SRC, CSR, RMC)

Litigation and Contingencies

  • Income tax demands of ₹221.46 lakhs under dispute (₹215.11 lakhs for AY 2018-19 and ₹6.35 lakhs for AY 2023-24)
  • No other material contingent liabilities disclosed

Internal Financial Controls

Adequate internal financial controls were in place and operating effectively as confirmed by statutory auditors.

Other Disclosures

  • CSR provisions not applicable to the Company
  • No deposits accepted from public
  • No subsidiaries, associates or joint ventures
  • Employee strength: 5 permanent employees
  • Unclaimed dividends of ₹15,71,700 and 1,193 equity shares transferred to IEPF during the year

Voting Results Declaration

The Company appointed Mr. Nilesh Shah of M/s. Nilesh Shah & Associates as Scrutinizer to oversee the e-voting process. Results will be declared within 48 hours of AGM conclusion and posted on company website.