AGM Details

The 18th Annual General Meeting is scheduled to be held on Wednesday, September 23, 2026 at 01:00 PM at Sai Kunj, Near Kali Mata Mandir, Civil Lines, Raipur, Chhattisgarh, India.

Clarification: A typographical error in the previous covering letter mentioned the date as September 23, 2025, but the correct date is September 23, 2026. This error was only in the covering letter and not in the Annual Report.

Business to be Transacted

Ordinary Business

1. Item No. 1: To receive, consider and adopt the standalone and consolidated financial statements for FY2025-26 ended March 31, 2026 together with Reports of Board of Directors and Auditors

2. Item No. 2: Re-appointment of Mrs. Roma Ahuja (DIN: 00247153) as Director who retires by rotation

Special Business

3. Item No. 3: Alteration of Object Clause of Memorandum of Association by insertion of additional objects related to:

  • Real estate and land trading business
  • Purchase, acquisition, development, construction, sale, transfer, lease of land and immovable properties
  • Development and operation of logistics parks, warehousing facilities, industrial parks, commercial infrastructure
  • Requires Special Resolution approval

4. Item No. 4: Approval of Material Related Party Transactions under Section 188 of Companies Act, 2013 for transactions with:

| S.No. | Name | Nature of Transactions | Amount (₹ Crores) |

| 1 | Mahendra Ahuja | Availing/Rendering of services | 10 |

| 2 | Roma Ahuja | Availing/Rendering of services | 10 |

| 3 | M Ahuja Project India Pvt.Ltd. | Availing/Rendering of services | 10 |

| 4 | AIM Infrastructure | Availing/Rendering of services | 10 |

Financial Performance Highlights

Standalone Financials (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Revenue from Operations | 0 | 1,192.61 |

| Other Income | 188.82 | 137.61 |

| Total Income | 188.82 | 1,330.23 |

| Profit before Tax | 16.58 | (26.90) |

| Profit after Tax | 19.33 | (25.37) |

| Basic EPS (₹) | 0.46 | (0.60) |

Consolidated Financials (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Profit after Tax | 40.99 | (433.51) |

| Basic EPS (₹) | 0.97 | (10.26) |

| Share of Profit from Associate | 21.66 | (408.15) |

Key Financial Position (as of March 31, 2026)

  • Authorized Share Capital: ₹15.00 crores (1.5 crore equity shares of ₹10 each)
  • Paid-up Share Capital: ₹4.2271 crores (42,27,100 equity shares of ₹10 each fully paid-up)
  • Net Worth: ₹1,505.16 lakhs (Previous year: ₹1,485.83 lakhs)
  • Reserves and Surplus: ₹1,082.45 lakhs
  • Investments: ₹337.00 lakhs in M Ahuja Project India Pvt. Ltd. (36.36% holding)
  • Loans to Associate: ₹688.30 lakhs to M Ahuja Project India Pvt. Ltd.

Operational Performance

During FY2025-26, the company recorded no revenue from operations compared to ₹1,192.61 lakhs in previous year. The profit of ₹19.33 lakhs was primarily from other income. The company has commenced agricultural land trading business and proposes to diversify into real estate and infrastructure sectors.

Material Changes and Commitments

1. Axis Bank car loan of ₹210 lakhs paid off with NOC received on January 6, 2026

2. Salary revision of Company Secretary from ₹30,000 to ₹35,000 per month effective April 1, 2025

3. Related party transactions approved in 17th AGM held on September 26, 2025

Corporate Governance

Board Composition:

  • Mr. Mahendra Ahuja (Managing Director)
  • Mrs. Roma Ahuja (Whole-time Executive Director)
  • Mr. Vijay Kumar Khilnani (Non-Executive Director)
  • Mr. Manish Kumar (Independent Director)
  • Mr. Mukesh Chandwani (Independent Director)

Key Managerial Personnel:

  • Mr. Shakti Kumar Sinha (CFO)
  • Mrs. Shruti Sharma (Company Secretary/Compliance Officer)

Auditors:

  • Statutory Auditors: M/s. Jay Gupta Agarwal & Associates (appointed till 2027 AGM)
  • Internal Auditors: M/s. PSNV & Associates LLP
  • Secretarial Auditors: M/s. Nitin Agrawal & Co.

Shareholding Pattern

Promoter Holding:

  • Mahendra Ahuja: 13,22,750 shares (31.29%)
  • Roma Ahuja: 17,89,200 shares (42.33%)

Dividend

No dividend declared for FY2025-26 due to insufficient profits.

Important Dates

  • Book Closure: September 16, 2026 to September 23, 2026 (both days inclusive)
  • Cut-off date for voting rights: September 16, 2026
  • E-voting: Not mandated for SME companies

Forward Outlook

The company intends to explore opportunities in land trading and real estate segments following proposed alteration of MOA. Management believes this diversification may provide additional growth avenues.