Board of Directors and Key Managerial Personnel

  • Mr. Kush Sureshbhai Patel: Chairman & Managing Director (DIN: 07257552)
  • Mr. Kashyap Sureshbhai Patel: Executive Director
  • Mrs. Manjulaben Sureshbhai Patel: Non-Executive Director
  • Mr. Paresh Laxminarayan Sharma: Non-Executive Independent Director
  • Mrs. Jayshri Yogesh Raval: Non-Executive Independent Women Director
  • Ms. Vinita Arvindbhai Mistry: Chief Financial Officer (Appointed January 5, 2026)
  • Mrs. Vallari Jivan Dave: Company Secretary & Compliance Officer

Committee Composition

  • Audit Committee: Mr. Paresh Laxminarayan Sharma (Chairman), Mrs. Jayshri Yogesh Raval, Mr. Kush Sureshbhai Patel
  • Nomination and Remuneration Committee: Mr. Paresh Laxminarayan Sharma (Chairman), Mrs. Jayshri Yogesh Raval, Mrs. Manjulaben Sureshbhai Patel
  • Stakeholders Relationship Committee: Mr. Paresh Laxminarayan Sharma (Chairman), Mrs. Jayshri Yogesh Raval, Mr. Kush Sureshbhai Patel
  • CSR Committee: Mr. Paresh Laxminarayan Sharma (Chairman), Mrs. Jayshri Yogesh Raval, Mr. Kush Sureshbhai Patel

Professional Appointments

  • Statutory Auditor: M/s Desai & Desai, CA Hardik Desai, 710-711, Shivalik Shilp-2, Opposite ITC Narmada, Near Keshavbaug Party Plot, Ahmedabad - 380015, Gujarat
  • Secretarial Auditor: M/s Premal Shah & Company, CS Premal Shah, 7th Floor, 7/E/1, Vardan Tower, Nr. Lakhudi Circle, Besides Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad - 380009, Gujarat
  • Internal Auditor: M/s. Umesh Shah & Associates, CA Umesh Shah (Appointed February 26, 2025)
  • Registrar & Share Transfer Agent: MUFG INTIME INDIA PRIVATE LIMITED (SEBI Registration Number: INR000004058, CIN: U67190MH1999PTC118368)
  • Scrutinizer for AGM: Mr. Premal Shah & Company, Company Secretary in Practice

11th Annual General Meeting Details

Notice dated August 21, 2026, for AGM to be held on Monday, September 28, 2026, at 11:00 AM at the Registered Office of the Company.

Ordinary Business:

1. To receive, consider and adopt the audited financial statements [including consolidated financial statements] of the Company for the year ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon.

2. To appoint Mr. Kush Sureshbhai Patel (DIN: 07257552), who retires by rotation as a Director and being eligible offers himself for re-appointment.

Special Business:

3. To re-appoint Mr. Kush Sureshbhai Patel (DIN: 07257552) as the Managing Director of the Company for a further period of 3 years as a Special Resolution.

Director Information for Re-appointment (Kush Sureshbhai Patel)

  • Date of Birth: October 20, 1989
  • Date of Original Appointment: September 7, 2015
  • Experience: Over 10 years in Oil and Gas Industry, managing finance, accounting, design and development of gas distribution network, optical fiber cable network, and overall company management
  • Qualifications: Bachelor of Technology from Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
  • Shares held as of March 31, 2026: 2,015,700 shares
  • Family relationships: Mrs. Manjulaben Sureshbhai Patel (mother), Mr. Kashyap Sureshbhai Patel (brother)
  • Current remuneration: ₹1,72,000 per month (₹20,64,000 per annum)
  • Board meetings attended during FY 2025-26: 29 meetings
  • Not debarred from holding director office pursuant to SEBI Order

Proposed Re-appointment Terms

  • Position: Managing Director and Key Managerial Personnel
  • Term: September 4, 2026, to September 3, 2029 (3 years)
  • Proposed remuneration: Monthly basic salary, allowances and all perquisites to ₹1,72,000 per month with power to Board to increase up to ₹5,00,000 per month
  • Approval: Recommended by Nomination & Remuneration Committee and approved by Board of Directors in meeting held on August 21, 2026

Financial Performance (Amount in Lakhs)

| Particulars | 2025-26 | 2024-25 | 2023-24 | 2022-23 |

| Sales and other Income | 12,141.67 | 10,041.28 | 6,405.57 | 4,957.03 |

| Profit/(Loss) before Exceptional Items and Tax | 1,162.52 | 900.96 | 628.18 | 487.09 |

| Profit/(Loss) after Tax | 861.84 | 670.52 | 472.82 | 362.39 |

Company Business Information

  • Nature of Industry: Setting up of infrastructure facilities and providing technical services in the gas sector
  • Date of Commencement of Commercial Production: 2015 (operational activity started in incorporation year)
  • Foreign Earnings/Investments/Collaborations: None

Remuneration Details for Proposed MD Appointment

  • Salary: ₹1,72,000 per month (at present), with board authorization to increase up to ₹5,00,000 per month in case of inadequacy of profits or losses
  • Commission: None payable
  • Perquisites:
  • Housing: As may be decided by Board within Schedule V limits
  • Medical Reimbursement: Up to one month's salary per year with carry forward right
  • Leave Travel Concession: Up to one month's salary
  • Club Fees: None payable
  • Personal Accident Insurance: None payable
  • Car & Telephone: Not provided
  • Sitting Fees: Not payable for board meetings

Challenges and Business Context

The company faces challenges including:

  • Product and technical problems in infrastructure design, material quality, and government approvals
  • Marketing difficulties requiring extensive tender submissions and competitive bidding
  • Market competition, increasing lending rates, and raw material prices affecting profitability

The company has undertaken cost reduction measures and focuses on quality standards and cost competitiveness. Management expects increased revenue and profitability through aggressive business strategies.

Voting and Meeting Procedures

  • Proxy forms must be received 48 hours before meeting (by 11:00 AM on September 26, 2026)
  • Proxy can represent maximum 50 members holding aggregate not more than 10% of total share capital
  • Electronic communication of notice and annual report to members with registered email addresses
  • Documents available for inspection at registered office during working hours until AGM date