AGM Details
The 20th Annual General Meeting is scheduled for Wednesday, 30th September, 2026 at 02:00 P.M. IST at the Registered Office of the Company at Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar, Gujarat, India, 361006.
E-Voting Arrangements
The Company has engaged National Securities Depository Limited (NSDL) to provide e-Voting facility. The e-Voting period commences on Sunday, 27th September 2026 from 9:00 A.M. (IST) and ends on Tuesday, 29th September 2026 at 5:00 P.M. (IST).
The record date for determining eligibility to vote is Wednesday, 23rd September 2026.
Business Items to be Transacted
Ordinary Business:
1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026
2. Re-appointment of Mrs. Madhu Ramgopal Maheshwari (DIN: 00486584) as Director liable to retire by rotation
Special Business:
3. Approval of remuneration of ₹60,000 plus applicable taxes for Cost Auditor M/s. Ankit Kushal & Associates for FY 2026-27
4. Re-appointment of Mr. Ramgopal Ochhavlal Maheshwari (DIN: 00553232) as Whole Time Director & Chairman for 5 years from 24th August 2026 to 23rd August 2031 with remuneration up to ₹1,20,00,000 per annum
5. Re-appointment of Mr. Bhavesh Ramgopal Maheshwari (DIN: 06573087) as Managing Director for 5 years from 24th August 2026 to 23rd August 2031 with remuneration up to ₹1,20,00,000 per annum
Financial Performance Highlights (FY 2025-26)
- Revenue from Operations: ₹36,169.10 lakh (FY 2024-25: ₹51,155.84 lakh)
- Other Income: ₹100.89 lakh (FY 2024-25: ₹223.35 lakh)
- Total Income: ₹36,269.99 lakh (FY 2024-25: ₹51,379.19 lakh)
- Total Expenses: ₹35,691.79 lakh (FY 2024-25: ₹49,337.61 lakh)
- Profit Before Tax: ₹578.20 lakh (FY 2024-25: ₹2,041.58 lakh)
- Current Tax: ₹154.95 lakh (FY 2024-25: ₹589.29 lakh)
- Deferred Tax: ₹44.05 lakh (FY 2024-25: ₹(5.10) lakh)
- Profit After Tax: ₹379.20 lakh (FY 2024-25: ₹1,457.39 lakh)
- Earnings Per Share: ₹1.74 (FY 2024-25: ₹6.69)
Capital Structure Changes
Subsequent to year-end (on 29th July 2026), the Board approved increasing Authorized Share Capital from ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10 each to ₹45,00,00,000 divided into 4,50,00,000 equity shares of ₹10 each, subject to shareholder approval through postal ballot.
Board and Management Changes
- Mr. Bhuvnesh Kumar appointed as Non-Executive Independent Director w.e.f. 4th April 2025
- Mrs. Megha Bhavesh Maheshwari regularized as Whole-Time Director w.e.f. 4th April 2025
- Mr. Jaimish Govindbhai Patel resigned as Independent Director w.e.f. 1st April 2025
- Ms. Kesha Ravi Shah resigned as Company Secretary w.e.f. 31st July 2026
- Mr. Samoil Akilbhai Lokhandwala appointed as Company Secretary w.e.f. 1st August 2026
Director Remuneration History
- Mr. Ramgopal Ochhavlal Maheshwari: ₹45.82 lakh (FY 2025-26), ₹42.00 lakh (FY 2024-25), ₹42.00 lakh (FY 2023-24)
- Mr. Bhavesh Ramgopal Maheshwari: ₹41.36 lakh (FY 2025-26), ₹42.00 lakh (FY 2024-25), ₹42.00 lakh (FY 2023-24)
- Mrs. Megha Bhavesh Maheshwari: ₹15.00 lakh (FY 2025-26)
Corporate Governance
Shareholding Pattern
As of 30th June 2026:
- Mr. Ramgopal Ochhavlal Maheshwari: 6,33,000 shares
- Mr. Bhavesh Ramgopal Maheshwari: 2,23,500 shares
- Mrs. Madhu Ramgopal Maheshwari: 61,000 shares
Foreign Exchange Transactions
- Foreign Exchange Earnings: ₹907.81 lakh
- Foreign Exchange Outgo: ₹18,224.54 lakh
CSR Activities
CSR expenditure for FY 2025-26: ₹28.00 lakh against requirement of ₹27.54 lakh (2% of average net profit)
Dividend
No dividend recommended for FY 2025-26 to conserve internal accruals for working capital requirements.
Auditors
- Statutory Auditor: M/s Kamlesh Rathod & Associates (FRN: 117930W)
- Secretarial Auditor: M/s Murtuza Mandorwala & Associates
- Cost Auditor: M/s Ankit Kushal & Associates (w.e.f 1st April 2026) for FY 2026-27
- Internal Auditor: M/s Prafulla and Associates
Registered Office and Contact
Plot No. 6 & 7, Village: Lakhabaval, Post: Khodiyar Colony, Jamnagar, Gujarat, 361006