Date: 30th September, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
The document references decisions made at a Board meeting held on 25th August, 2026. The outcomes include:
- Authorization to invite fixed deposits from shareholders.
- Approval of the proposal for selling, transferring, leasing, or otherwise disposing of the Company's factory situated at Plot No. G-73, MIDC Tarapur Industrial Area, Boisar, subject to the approval of the shareholders at the ensuing 38th Annual General Meeting.
Financial Results (Standalone & Consolidated)
The document provides audited financial data for the last three financial years:
Profit/(Loss) (₹ in Lakhs):
| Financial Year | Profit/(Loss) before tax | Profit/(Loss) after Tax |
| FY2024 (Mar 31, 2024) | (130.30) | (106.15) |
| FY2025 (Mar 31, 2025) | (374.35) | (277.55) |
| FY2026 (Mar 31, 2026) | (157.29) | (117.33) |
Dividend & Interest Coverage:
| Financial Year | Dividend Declared | Interest Coverage Ratio |
| FY2024 | Nil | 0.72 |
| FY2025 | Nil | 0.30 |
| FY2026 | Not Specified | 0.68 |
Statement of Assets and Liabilities (₹ in Lakhs):
| Particulars | As at Mar 31, 2024 | As at Mar 31, 2025 | As at Mar 31, 2026 |
| Total Non-Current Assets | 6,611.12 | 6,419.73 | 6,063.79 |
| Total Current Assets | 11,397.25 | 10,063.40 | 9,907.97 |
| Total Assets | 18,008.37 | 16,483.13 | 15,971.76 |
Cash Flow Statement (₹ in Lakhs):
| Particulars | 2023-2024 | 2024-2025 | 2025-2026 |
| Net cash from Operating Activities (A) | 1,356.14 | 772.70 | 915.58 |
| Net cash from/(used in) Investing Activities (B) | (139.03) | 228.62 | 291.53 |
| Net cash used in Financial Activities (C) | (1,221.34) | (1,002.25) | (1,205.43) |
| Net increase/(decrease) in cash | (4.23) | (0.93) | 1.68 |
| Cash at beginning of year | 19.28 | 15.05 | 14.12 |
| Cash at end of year | 15.05 | 14.12 | 15.80 |
Auditor’s Report
The document includes a certificate from SARDA & PAREEK LLP, Chartered Accountants (FRN No. 109262W/W100673), dated June 22, 2026. The certificate states:
- Based on their examination for the period ended March 31, 2026, they certify that the Company has not committed default in the repayment of deposits and interest on deposits accepted either before or after the commencement of the Companies Act, 2013.
- The certificate is issued for submission to the Ministry of Corporate Affairs.
Disinvestment / Strategic Actions
The Board of Directors, in their meeting on 25th August 2026, approved the proposal for selling, transferring, leasing, or otherwise disposing of the Company's factory situated at Plot No. G-73, MIDC Tarapur Industrial Area, Boisar - 401 506, Dist. Palghar, Maharashtra. This is subject to the approval of the shareholders at the ensuing 38th Annual General Meeting of the Company. This facility is part of the company's Flexible Packaging division.
Other Operational / Legal / Strategic Disclosures
Fixed Deposit Scheme Details:
- Purpose: General Business purpose.
- Maximum Amount to Raise: ₹800 Lakhs.
- Outstanding Deposits: ₹638.80 Lakhs as of 31.03.2026.
- Deposits Repayable within 12 months: ₹309.10 Lakhs.
- Tenor: 2 years and 3 years.
- Interest Rate: 9.00% per annum for both tenors (Non-Cumulative scheme). Interest is payable quarterly on 30th June, 30th September, 31st December, and 31st March.
- Credit Rating: CARE BB; Stable (Double B : Outlook Stable) obtained from CARE Ratings Limited on 26th February 2026.
- Minimum Deposit: ₹50,000/- and in multiples of ₹10,000/- thereafter.
- Security: Deposits are unsecured and rank pari-passu with other unsecured liabilities.
Management Perception of Risk: Risk Management is integral to the company and is controlled through awareness, training, discipline, commitment, and prudent risk management strategies.
Defaults: The company declares no defaults in repayment of statutory dues, debentures and interest, or loans from any Bank or Financial Institution and interest thereon.
Directors' Declaration: The Board declares that the company has not defaulted in repaying deposits, is satisfied with the company's prospects, believes it can meet future liabilities, and has complied with the Companies Act, 2013.
Business Segments: The company is engaged in:
1. Continuous Stationery Security Printing & Commercial Printing (Boisar, Maharashtra)
2. Flexible Packaging (Boisar, Maharashtra & Greater Noida, Uttar Pradesh)
3. Multi-Colour Paper Board Carton, Rigid Box, Printing (Silvassa, U.T. of Dadra & Nagar Haveli)
4. Manufacturing of candles (Boisar, Maharashtra)
Board of Directors:
- Mr. Rajaram Maheshwari, Chairman & Managing Director
- Mr. Prakash Maheshwari, Executive Director
- Mr. Deepak Manikant Vaishnav, Whole-time Director
- Mr. Deepak Manikant Vaishnav, Non-Executive Independent Director (Consultant)
- Mrs. Neha Jagetia, Non-Executive Independent Director (Consultant)
- Mr. Vinay Biyani, Non-Executive Independent Director (Consultant)