AGM Details

The 28th Annual General Meeting is scheduled to be held on Monday, September 28, 2026 at 12:00 Noon through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Share Record Date

The Register of Members and Share Transfer Books will remain closed from Friday, September 18, 2026 to Monday, September 28, 2026 (both days inclusive) for the purpose of the AGM.

E-Voting Details

Remote E-Voting facility will be provided to all shareholders as of the cut-off date of Friday, September 18, 2026. The Remote E-Voting period begins on Friday, September 25, 2026 at 09:00 A.M. and ends on Sunday, September 27, 2026 at 5:00 P.M.

Ordinary Business Items

1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors.

2. Re-appointment of Mr. Sanjay Verma (DIN: 08139841) as Executive Director liable to retire by rotation.

Special Business Items

Item 3: Payment of Managerial Remuneration to Mr. Sanjay Verma

Special Resolution to approve payment of minimum remuneration to Mr. Sanjay Verma, Executive Director, in case of no profit or inadequate profit during the 3 financial years commencing from August 01, 2026. The remuneration package includes:

  • Basic salary: ₹24,00,000 per annum
  • Benefits, Perquisites & Allowances including:
  • Rent-free residential accommodation or House Rent and Maintenance Allowance of 50% of basic salary
  • Reimbursement of hospitalization and major medical expenses
  • Car facility
  • Telecommunication facility
  • Housing loan facility
  • Other perquisites and allowances subject to maximum of 40% of basic salary per annum
  • Leave and encashment of un-availed leave

Item 4: Payment of Managerial Remuneration to Mr. Rajinder Kaul

Special Resolution to approve payment of minimum remuneration to Mr. Rajinder Kaul, Managing Director, in case of no profit or inadequate profit during the 3 financial years commencing from August 01, 2026. The remuneration package is identical to that of Mr. Sanjay Verma:

  • Basic salary: ₹24,00,000 per annum
  • Same benefits, perquisites and allowances structure

Financial Performance Disclosure

The explanatory statement provides comparative financial performance for FY2025-26 vs FY2024-25:

  • Revenue from Operations: ₹7515.99 lakh (FY2025-26) vs ₹7950.16 lakh (FY2024-25)
  • Other Income: ₹90.11 lakh vs ₹31.09 lakh
  • Total Income: ₹7606.10 lakh vs ₹7981.25 lakh
  • Finance Cost: ₹274.72 lakh vs ₹170.72 lakh
  • Depreciation & Amortization: ₹83.30 lakh vs ₹64.23 lakh
  • Profit/(Loss) before Tax: (₹1019.59 lakh) vs ₹121.87 lakh
  • Tax Expense: (₹249.08 lakh) vs ₹24.68 lakh
  • Profit/(Loss) After Tax: (₹770.51 lakh) vs ₹97.19 lakh

Reasons for Loss/Inadequate Profits

The company identified four main reasons for poor financial performance:

1. Product Mix focused on Cable EPC

2. Working as lead contractor rather than manufacturer

3. Working in risky areas contributing to higher costs

4. Investment in Building Automation Eligibility and Capabilities

Strategic Steps for Improvement

The company outlined a strategic shift:

1. Change in Product Mix from EPC projects to automation, consultancy, and higher-margin technology-oriented assignments

2. Addressing inadequate margins in EPC business mainly due to metal variation

3. Change in Business Model from lead bidder to automation control/technology and execution-support role to reduce fund blockage and execution risks

4. Strategic investments in building automation capabilities

Director Shareholding

  • Mr. Sanjay Verma holds 43,42,565 shares in the company (promoter director)
  • Mr. Rajinder Kaul holds 79,04,000 shares in the company (promoter director)

Additional Information

The company has appointed M/s. Aditya S & Associates, Company Secretaries, as the Scrutinizer for the e-voting process. The results of voting will be placed on the company's website and forwarded to BSE Limited.