Annual General Meeting Details

The 44th Annual General Meeting will be held on Wednesday, 22nd July 2026 at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means. The cut-off date for determining eligibility of members to vote is Wednesday, 15th July 2026.

Financial Performance (Amount in ₹ lakhs)

Standalone Financials:

  • Revenue from Operations: ₹17.34 (FY25: ₹17.48)
  • Total Income: ₹17.59 (FY25: ₹156.43)
  • Total Expenditure: ₹166.15 (FY25: ₹33.53)
  • Loss before tax: ₹(148.56) (FY25: Profit ₹122.90)
  • Loss after tax: ₹(126.56) (FY25: Profit ₹101.32)
  • EPS: ₹(1.58) (FY25: ₹1.27)

Consolidated Financials:

  • Revenue from Operations: ₹6,520.44 (FY25: ₹4,527.75)
  • Total Income: ₹6,548.73 (FY25: ₹4,733.05)
  • Total Expenditure: ₹5,473.57 (FY25: ₹4,480.30)
  • Profit before tax: ₹1,075.16 (FY25: ₹252.75)
  • Profit after tax: ₹767.77 (FY25: ₹191.85)
  • Total Comprehensive Income: ₹766.94 (FY25: ₹191.54)
  • EPS: ₹9.60 (FY25: ₹2.40)

Share Capital

  • Authorized Share Capital: ₹10 Crores
  • Paid-up Capital: ₹8 Crores (80,00,000 equity shares of ₹10 each)

Business Resolutions for AGM

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for FY26

2. Re-appointment of Mrs. Shreya Pandya (DIN: 06403021) as director retiring by rotation

3. Re-appointment of M/s. Jogin Raval & Associates as Statutory Auditors for 5 years from 44th AGM to 49th AGM

4. Re-appointment of Mr. Darpan Shah (DIN: 07650896) as Managing Director for 5 years from 13th February 2026

5. Appointment of M/s Dholakia & Associates LLP as Secretarial Auditors for 5 years from 1st April 2025 to 31st March 2030

Special Business:

6. Re-appointment of Mr. Amit Sinkar (DIN: 09203235) as Non-Executive Independent Director for second term of 5 years from 15th June 2026

7. Re-appointment of Mr. Amit Patankar (DIN: 09203130) as Non-Executive Independent Director for second term of 5 years from 15th June 2026

Subsidiary Updates

  • The company has three wholly-owned subsidiaries: SPNP Paper and Pack Private Limited, Yug Fashion Garments Private Limited, and Paynov8 Private Limited (formerly Auro Fintech Private Limited)
  • SPNP Paper and Pack Private Limited divested its entire shareholding (9,90,000 equity shares) in Fine Papyrus Private Limited on 16th March 2026, ceasing its step-down subsidiary status
  • On 1st April 2025, the company acquired 100% equity share capital of Paynov8 Private Limited for ₹60.57 lakhs

Key Management Changes

  • Ms. Swapna Shivashankaran resigned as Company Secretary and Compliance Officer on 31st July 2025
  • Ms. Krinisha Sanghvi (ACS: A74032) appointed as Company Secretary and Compliance Officer with effect from 13th August 2025

Corporate Guarantees

  • The company provided a guarantee of ₹5 Crores to SPNP Paper and Pack Private Limited, a wholly-owned subsidiary
  • Outstanding guarantee balance as of 31st March 2026: ₹5 Crores (FY25: ₹4 Crores)

Registered Office Change

  • The registered office changed from 503, Madhu Industrial Park, Mogra Cross Road, Andheri East, Mumbai - 400069 to 2010, 20th Floor, 9 Business Bay, Off Link Road, Behind Evershine Mall, Malad West, Mumbai - 400064 with effect from 1st April 2026

Dividend

  • No dividend recommended for the financial year 2025-2026

Board Meetings

  • 6 Board meetings held during FY26 on: 1st April 2025, 29th May 2025, 20th June 2025, 13th August 2025, 14th November 2025, and 13th February 2026
  • All directors attended all 6 meetings

Key Financial Ratios (Consolidated)

  • Current Ratio: 10.63 (FY25: 42.46)
  • Debt Equity Ratio: (0.11) (FY25: Not calculated as no debt)
  • Return on Equity: 0.08 (FY25: -74.95%)
  • Net Profit Ratio: (7.30) (FY25: 5.80)

Compliance Status

  • The company has complied with applicable provisions of Companies Act, 2013 and SEBI Listing Regulations
  • No material adverse remarks in auditor's reports
  • No fraud reported by auditors or management