AGM Details

The Thirty Fourth Annual General Meeting will be held on Wednesday, September 30, 2026, at 11:00 A.M. through Video Conference (VC)/Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the Registered Office of the Company at New No. 32, Old No. 106, 1st Floor, Dr. Ranga Road, Mylapore, Chennai-600004.

Ordinary Business

  • Item 1: To receive, consider and adopt the Audited Balance Sheet as at March 31, 2026, the Profit & Loss Account for the period ended March 31, 2026, and the reports of the Directors and Auditors thereon.

Special Business

Item 2: Appointment of Mrs. Nikita Hardik Parekh as Director

  • To consider appointing Mrs. Nikita Hardik Parekh (DIN: 06800141) as a Director of the Company.
  • She was appointed as an Additional Director by the Board of Directors at its meeting held on July 3, 2026.
  • Her term expires at this AGM, and the Company has received a notice from a member under Section 160 of the Companies Act, 2013 proposing her candidature.
  • She has submitted a declaration that she meets the criteria for independence as provided in Section 149(6) of the Act.

Item 3: Appointment of Mrs. Nikita Hardik Parekh as Managing Director

  • To consider appointing Mrs. Nikita Hardik Parekh (DIN: 06800141) as Managing Director for a period of five years with effect from July 3, 2026, to June 30, 2031.
  • The appointment is on the terms and conditions including remuneration as set out in the explanatory statement.
  • The Board is authorized to alter and vary the terms subject to not exceeding limits specified under Section 197 read with Schedule V of the Companies Act, 2013.

Financial Context

As per audited financial results for the year ended March 31, 2026:

  • Gross Turnover & Other Income: ₹8.05 lakhs
  • Net Profit: (₹5.55) lakhs (Loss)
  • Net Worth: (₹1,146.84) lakhs (Negative)

Terms of Managing Director Appointment

Background: Mrs. Nikita Hardik Parekh is described as a seasoned business professional with experience in management, strategy, administration, and marketing. Her expertise is noted in capital raising, investor relations, and strategic partnerships.

Remuneration Details:

  • Term: 5 years (July 3, 2026, to July 2, 2031)
  • Salary: Up to ₹10,000 per month
  • Perquisites: Provision of car, reimbursement of fuel charges, and reimbursement of travelling and out-of-pocket expenses incurred for official business.

Minimum Remuneration: In the event of loss or inadequacy of profits, the above remuneration will be paid as minimum remuneration, subject to restrictions in Schedule V.

Pecuniary Relationship: Mrs. Nikita Hardik Parekh has no direct or indirect relationship with the company or its managerial personnel.

Shareholding: She holds no shares in the company.

Other Directorships: She is a director of UNNO INDUSTRIES LIMITED.

Voting Information

Remote e-voting period: Commences on Sunday, September 27, 2026 (9:00 a.m.) and ends on Tuesday, September 29, 2026 (5:00 p.m.).

Cut-off date: Wednesday, September 23, 2026 (for determining members entitled to vote).

Scrutinizer: Mr. S. Ganesan, Practicing Secretary (FCS No. 4779, CP.No. 8336), appointed to scrutinize the voting process.

Register of Members Closure: The Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026.

Other Key Information

Board of Directors:

  • Mr. K Ramakrishnan - Whole Time Director & CFO
  • Mrs. Nikita Hardik Parekh - Managing Director (with effect from July 3, 2026)
  • A. Govindaraj - Independent Director
  • Mrs. Mythili - Independent Director

Auditors: B.B. Gusani & Associates, Chartered Accountants, Jamnagar, Gujarat.

Share Transfer Agents: Cameo Corporate Services Limited, Chennai.

Green Initiative: The company supports electronic delivery of documents and encourages shareholders to register their email addresses.