AGM Details

  • Date: Wednesday, 30th September, 2026
  • Time: 11:00 A.M. (IST)
  • Mode: Video Conference ('VC') / Other Audio-Visual Means ('OAVM')
  • Record Date: 23rd September, 2026
  • e-Voting Period: 27th September (9:00 AM) to 29th September, 2026 (5:00 PM) through CDSL

Business Items for AGM

Ordinary Business:

1. Adoption of audited financial statements for FY ended 31st March, 2026 along with reports of Board of Directors and Auditors

2. Re-appointment of Ms. Rachna Panwar (DIN: 09492441) who retires by rotation

Special Business:

3. Regularization of Ms. Bhawna Shadija (DIN: 11932458) as Non-Executive Independent Director for 5 years (08/09/2026 to 07/09/2031)

4. Regularization of Mr. Akash Singh Tomar (DIN: 11932479) as Non-Executive Independent Director for 5 years (08/09/2026 to 06/09/2031)

Financial Performance (FY 2025-2026)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) |

| Total Revenue | 1751.28 | 1506.59 |

| Total Expenses | 1572.50 | 1385.27 |

| Profit Before Tax | 178.78 | 121.32 |

| Tax Expense | 43.15 | 32.80 |

| Profit After Tax | 135.63 | 88.52 |

| EPS (Basic & Diluted) | 0.62 | 0.72 |

Share Capital Changes

Authorized Share Capital: ₹62.50 crore (6.25 crore equity shares of ₹10 each)

Issued, Subscribed and Paid-up Capital:

  • Beginning of year: 1,22,65,000 equity shares
  • Equity shares issued pursuant to warrant conversion: 2,29,67,000 shares
  • Equity shares issued on preferential allotment: 34,53,588 shares
  • End of year: 3,86,85,588 equity shares (₹38.685 crore)

Warrant Conversion Details:

  • Members approved preferential issue of 5,00,00,000 convertible warrants on 23rd December, 2024
  • Company allotted 3,20,12,000 convertible warrants
  • 2,29,67,000 warrants converted into equity shares
  • 90,45,000 warrants pending conversion as on 31st March, 2026

Dividend

No dividend recommended for the financial year ended 31st March, 2026.

Board Composition and Changes

Directors as on 31st March, 2026:

  • Mr. Aushim Khetarpal (Managing Director & CFO, DIN: 00060319)
  • Ms. Rachna Panwar (Non-Executive Director, DIN: 09492441)
  • Mr. Mahesh Kumar Verma (Non-Executive Independent Director, DIN: 07892196)

Changes during FY 2025-2026:

  • Mr. Akash Toshniwal resigned as Company Secretary & Compliance Officer on 29th May, 2025
  • Ms. Priya Aggarwal appointed as Company Secretary & Compliance Officer on 20th June, 2025
  • Mr. Balakrishna Ramarao Maddur resigned as Non-Executive Independent Director on 28th May, 2025
  • Mr. Mahendra Prasad Sharma appointed as Additional Independent Director on 06th September, 2025 (resigned on 12th February, 2026)

Post-Year End Appointments (08/09/2026):

  • Ms. Bhawna Shadija (DIN: 11932458) appointed as Additional Non-Executive Independent Director
  • Mr. Akash Singh Tomar (DIN: 11932479) appointed as Additional Non-Executive Independent Director
  • Mr. Mahesh Kumar Verma resigned as Non-Executive Independent Director on 07/09/2026

Board Meetings

60 Board meetings held during FY 2025-2026 with full attendance by Mr. Aushim Khetarpal and Ms. Rachna Panwar.

Key Managerial Personnel

  • Mr. Aushim Khetarpal (Managing Director & CFO)
  • Ms. Priya Aggarwal (Company Secretary and Compliance Officer)

Statutory Auditors: M/s NYS & Co. (Chartered Accountants, FRN: 017007N)

Appointed for 5 years from 31st AGM till conclusion of 36th AGM in 2030

Secretarial Auditors: M/s. Vaibhav Sharma & Associates (Company Secretaries, FRN: S2012DE180700)

Internal Auditors: M/s. AM Sharma & Associates (Chartered Accountants, FRN: 030525N)

Secretarial Audit Observations

Secretarial audit report highlighted several compliance deficiencies:

1. Improper board composition with insufficient independent directors as on 31st March, 2026

2. Audit Committee and Nomination & Remuneration Committee not comprising required two-thirds independent directors

3. Delayed submission of financial results for quarters ended September 2025 (declared 24/11/2026), December 2025 (declared 18/02/2026), and March 2026 (declared 05/06/2026)

4. Delayed submission of shareholding pattern for June 2025 (7 days delay) and September 2025 (8 days delay)

5. Non-submission of Statement of Utilization of funds for September 2025 quarter

6. Delayed submission of investor complaints statement for March 2026 quarter

7. Delayed submission of Integrated Governance Report for March 2026 quarter

8. Outstanding SOP fines for quarters ended September 2025, December 2025 and March 2026

Related Party Transactions

Material related party transactions at arm's length basis during FY 2025-2026:

| Related Party | Nature | Amount (₹ Lakhs) |

| AUM Sportainment Private Limited | Purchase of goods/services | 988.11 |

| AUM Sportainment Private Limited | Sale of goods/services | 13.29 |

| Aushim Khetarpal | Interest paid | 31.54 |

| Aushim Khetarpal | Remuneration | 72.00 |

| Shirdi Sai Baba Foundation | Sale of goods/services | 1132.13 |

| Shirdi Sai Baba Foundation | Purchase of goods/services | 24.85 |

| Divinus Promotors Pvt Ltd | Loan given | 223.89 |

Utilization of Funds

Preferential Allotment Funds (April 2025):

  • Amount Raised: ₹39.53 crore
  • Amount Utilized: ₹39.05 crore
  • Utilization: Working capital (₹14.74 crore), Inter-corporate deposits (₹23.61 crore), Business expansion (₹0.17 crore), Issue expenses (₹0.53 crore)

Preferential Allotment Funds (January 2026):

  • Amount Raised: ₹7.60 crore
  • Amount Utilized: ₹7.60 crore
  • Utilization: Working capital (₹5.08 crore), Business expansion (₹2.40 crore), Issue expenses (₹0.12 crore)

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Variance |

| Current Ratio | 3.56 | 0.48 | 649% |

| Debt Equity Ratio | 0.08 | 0.33 | -74% |

| Return on Equity (%) | 2.29% | 6.58% | -65% |

| Inventory Turnover Ratio | 5.05 | 6.02 | -16% |

| Trade Receivables Turnover Ratio | 1.32 | 6.90 | -81% |

| Net Profit Ratio | 0.09 | 6.12% | 51% |

Other Information

  • Corporate Office: 141-A Ground Floor, Shahpur Jat Village, New Delhi-110049
  • RTA: Skyline Financial Services Private Limited, New Delhi