Annual General Meeting Details

  • Date: Saturday, August 29, 2026
  • Time: 12:00 PM
  • Mode: Video Conference (VC) or Other Audio Visual Means (OAVM)
  • Record Date: Friday, August 21, 2026

Ordinary Business Items

1. Adoption of Audited Standalone Financial Statements: To receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2021, including balance sheet, profit and loss statement, cash flow statement, together with reports of board of directors and statutory auditors.

2. Appointment of Director: Appointment of Mr. Kiran Bhogate (DIN: 07844152) as Executive Director liable to retire by rotation pursuant to Section 152 of Companies Act, 2013.

Director Details for Appointment

  • Name: Kiran Vitthal Bhogate
  • Date of Birth: July 3, 1983
  • Initial Appointment Date: August 8, 2019
  • Qualifications: B.Com
  • Expertise: Executive leadership, corporate governance, operational management in agricultural development and financial services
  • Other Directorships: None as of March 31, 2026
  • Committee Memberships: None as of March 31, 2026

Financial Performance Summary (FY 2020-21 vs FY 2019-20)

| Particulars | FY 2020-21 (₹) | FY 2019-20 (₹) |

| Revenue from operations | Nil | Nil |

| Other income | 24,51,370.36 | 28,13,032.40 |

| Total income | 24,51,370.36 | 28,13,032.40 |

| Total expenses | 19,30,092.30 | 70,18,691.16 |

| Profit/(loss) before tax | 5,21,278.04 | (42,05,658.76) |

| Tax expense | Nil | Nil |

| Profit/(loss) after tax | 5,21,278.04 | (42,05,658.76) |

| Basic and diluted EPS | 0.05 | (0.14) |

Key Financial Position Items (as at March 31, 2021)

  • Share Capital: ₹10,16,13,000 (101,61,300 equity shares of ₹10 each)
  • Reserves and Surplus: ₹1,49,55,593.21
  • Long-term borrowings: ₹1,29,81,997.48
  • Current investments: ₹1,81,10,652.46
  • Long-term loans and advances: ₹11,62,62,271.93
  • Cash and bank balances: ₹2,46,735.14

Other Income Breakdown (FY 2020-21)

  • Interest income: ₹15,22,925.53
  • Short-term capital gains: ₹8,81,213.85
  • Dividend income: ₹44,490.15
  • F&O profit: ₹2,740.83

Board Composition and Meetings

Directors as of March 31, 2021:

1. Mr. Kiran Bhogate (Executive Director, DIN: 07844152)

2. Mrs. Prajakta Kunal Save (Non-Executive Director)

3. Mr. Sidhu Mahadev Jambhale (Independent Director, DIN: 08549263)

Board Meetings Held: 6 meetings during FY 2020-21 on April 1, 2020; July 13, 2020; September 15, 2020; November 2, 2020; January 15, 2021; March 1, 2021. All directors attended all meetings.

Committee Details

Audit Committee:

  • Chairman: Sidhu Mahadev Jambhale
  • Members: Prajakta Kunal Save, Kiran Bhogate
  • Meetings: 4 times during FY 2020-21

Nomination and Remuneration Committee:

  • Chairman: Sidhu Mahadev Jambhale
  • Members: Prajakta Kunal Save, Kiran Bhogate
  • Meetings: 1 time during FY 2020-21

Stakeholders Relationship Committee:

  • Chairman: Sidhu Mahadev Jambhale
  • Members: Prajakta Kunal Save, Kiran Bhogate
  • Meetings: 1 time during FY 2020-21
  • Compliance Officer: Sidhu Mahadev Jambhale

Compliance and Regulatory Issues

  • Company faced MCA portal lockout preventing digital filing of statutory documents
  • Pending AGMs since 2018 due to technical issues with director appointments
  • Secretarial audit report identified deficiencies in maintaining statutory records and compliance with Companies Act 2013 and SEBI LODR Regulations
  • Independent directors appointed through postal ballot on August 8, 2019, but need alignment with current regulatory requirements
  • Annual listing fees pending to BSE Limited and Metropolitan Stock Exchange of India Limited
  • Trading in equity shares suspended on both stock exchanges

E-Voting Instructions

  • Remote e-voting period: August 26, 2026 (9:00 AM) to August 28, 2026 (5:00 PM)
  • Service provider: National Securities Depository Limited (NSDL)
  • Helpdesk contacts:
  • NSDL: evoting@nsdl.com or 022-48867000
  • CDSL: helpdesk.evoting@cdslindia.com or 1800-21-09911

Corporate Governance

  • Company has vigil mechanism/whistle-blower policy in place
  • No complaints of sexual harassment received during FY 2020-21
  • Code of Conduct affirmed by board members and senior management
  • No material related party transactions during the year
  • No deposits accepted during the year

Risk Factors

  • Primary risk: MCA portal automated data lockout suspending online signing authority
  • Compliance backlog with delayed filings of annual returns and financial statements
  • Financial illiquidity and potential stock exchange suspension remedies
  • Accumulation of statutory late fees/penalties

Registered Office and Contacts

Dividend and Reserves

  • No dividend recommended for FY 2020-21
  • No amount transferred to general reserve

Additional Information

  • Company does not have any subsidiaries
  • No material changes or commitments affecting financial position between March 31, 2021 and report date
  • No significant orders passed by regulators or courts impacting going concern status
  • No fraud reported by statutory auditors
  • No application made under Insolvency and Bankruptcy Code, 2016