AGM Details
The 32nd Annual General Meeting is scheduled to be held on Wednesday, 30th September 2026 at 04:00 P.M. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The registered office at Village: Dakachya, Tehsil: Sanwer, A. B. Road, Indore – 453771 Madhya Pradesh shall be deemed to be the venue.
Business to be Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement together with Board's Report and Auditor's Report
2. To appoint director in place of Mr. Ashutosh A. Maheshwari (DIN: 00094262) who retires by rotation and offers himself for re-appointment
Special Business:
3. To re-appoint Mr. Ashutosh A. Maheshwari as Whole-time Director for 3 years from 1st October 2026 to 30th September 2029 on remuneration of ₹25.00 lakhs per month
Financial Highlights (₹ in Thousands)
| Particulars | 2025-26 | 2024-25 |
| Revenue from Operation & Other Income | 1,86,552 | 1,56,977 |
| Total Expenditure | 81,658 | 86,056 |
| Profit Before Tax | 56,734 | 31,040 |
| Profit for the year | 48,761 | 31,365 |
| Basic & Diluted EPS (₹) | 4.40 | 2.83 |
Segment-wise Performance
- Real Estate Division: Revenue ₹1,330.35 lakhs (Previous: ₹1,413.44 lakhs), Profit ₹532.40 lakhs (Previous: Profit ₹821.89 lakhs)
- Investment Division: Revenue ₹535.17 lakhs (Previous: ₹156.33 lakhs), Profit ₹266.21 lakhs (Previous: Loss ₹219.49 lakhs)
Dividend
No dividend recommended for FY 2025-26. No amount required to be transferred to Investor Education and Protection Fund (IEPF).
Director Changes
- Mrs. Gitanjali A. Maheshwari ceased as Whole-time Director effective 31st January 2026
- Mr. Rajendra Kumar Pasari appointed as Whole-time Director effective 12th May 2025
- Mrs. Preeti Singh appointed as Independent Director effective 14th November 2025
Key Managerial Personnel
- Mr. Ashutosh A. Maheshwari, Chairman-cum-Whole-time Director
- Mr. Rajendra Kumar Pasari, Whole-time Director
- Mr. Gopal Prasad Shrivastava, Chief Financial Officer
- Mr. Navin S. Patwa, Company Secretary
Shareholding Pattern as on 31st March 2026
- Promoters: 74.83% (82,97,906 shares)
- Corporate Bodies: 2.12% (2,35,056 shares)
- Individual Shareholders: 22.31% (24,74,175 shares)
- NRI's & OCBs: 0.25% (27,433 shares)
- HUF: 0.49% (53,875 shares)
Dematerialization Status
98.09% of equity shares (1,08,76,535 shares) are dematerialized, 1.91% (2,11,935 shares) in physical form.
Voting Arrangements
- Remote e-voting period: Sunday, September 27, 2026 at 9:00 A.M. to Tuesday, September 29, 2026 at 5:00 P.M.
- Cut-off date for voting rights: Wednesday, 23rd September 2026
- Scrutinizer: Mr. Manish Maheshwari of M/s M. Maheshwari & Associates
- Results to be declared within two working days from conclusion of AGM
Book Closure
Register of Members and Share Transfer Registers will remain closed from Thursday, 24th September 2026 to Wednesday, 30th September 2026 (both days inclusive).
Remuneration Details
- Mr. Ashutosh A. Maheshwari: FY26 remuneration ₹83.00 lakhs, proposed ₹300 lakhs per annum
- Mrs. Gitanjali A. Maheshwari: FY26 remuneration ₹55.00 lakhs (ceased 31/01/2026)
- Mr. Rajendra Kumar Pasari: FY26 remuneration ₹7.56 lakhs
Corporate Governance
Company has complied with corporate governance requirements under SEBI (LODR) Regulations, 2015. Certificate from auditors obtained and enclosed.
Related Party Transactions
All transactions with related parties were in ordinary course of business and at arm's length basis. No materially significant transactions with potential conflict of interest.
CSR Compliance
Company not required to incur CSR expenditure for FY 2025-26 as net profit fell below ₹5 crore threshold and doesn't meet other criteria.
Capital Structure
Authorized Capital: ₹220 lakhs (115 lakh equity shares of ₹10 each + 10.50 lakh preference shares of ₹100 each)
Paid-up Capital: ₹110.88 lakhs (110,88,470 equity shares of ₹10 each)
Bankers
Indian Overseas Bank, IDBI Bank, Union Bank of India, Axis Bank, Kotak Mahindra Bank
Registrar & Transfer Agent
M/s. Ankit Consultancy Private Limited, Plot No. 60, Electronic Complex, Pardeshipura, Indore (M.P.) – 452010