Company Overview

Annual General Meeting Details

  • Date: Tuesday, August 25, 2026
  • Time: 11:30 AM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Deemed Venue: Registered Office at Rustom Court Building, Opp. Podar Hospital, Dr. Annie Besant Road, Worli, Mumbai 400 030

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. To consider appointment of Mr. Pradip Bhar (DIN: 01039198) who retires by rotation

Special Business:

3. Re-appointment of Mr. Hiren Umedray Sanghavi as General Manager with effect from April 22, 2026 for one year at consolidated remuneration of ₹1,50,000 per month

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: Nil (Previous Year: Nil)
  • Other Income: ₹10.13 lakhs (Previous Year: ₹136.34 lakhs)
  • Total Expenditure: ₹59.72 lakhs (Previous Year: ₹54.68 lakhs)
  • Loss Before Tax: ₹49.60 lakhs (Previous Year: Profit ₹81.66 lakhs)
  • Net Loss After Tax: ₹49.60 lakhs (Previous Year: Net Profit ₹81.66 lakhs)
  • Earnings Per Share (Basic & Diluted): (₹0.96) (Previous Year: ₹1.58)
  • Carried Forward Loss: ₹1,193.83 lakhs (Previous Year: ₹1,144.23 lakhs)

Capital Structure

  • Authorized Share Capital: ₹14.75 crores divided into 14,75,00,000 Equity Shares of ₹1 each
  • Paid-up Share Capital: ₹51.71 lakhs divided into 51,71,125 Equity Shares of ₹1 each
  • No change in capital structure during the year

Key Financial Positions as at March 31, 2026

  • Non-Current Assets: ₹58.40 lakhs (Investments ₹16 lakhs, Other Financial Assets ₹9.07 lakhs, Tax Assets ₹33.31 lakhs)
  • Current Assets: ₹156.04 lakhs (Cash & Cash Equivalents ₹6.63 lakhs, Other Financial Assets ₹143 lakhs, Other Current Assets ₹6.41 lakhs)
  • Total Assets: ₹214.44 lakhs (Previous Year: ₹254.06 lakhs)
  • Equity: ₹95.81 lakhs (Share Capital ₹51.71 lakhs, Other Equity ₹44.10 lakhs)
  • Current Liabilities: ₹118.63 lakhs (Trade Payables ₹2.16 lakhs, Other Financial Liabilities ₹82.28 lakhs, Other Current Liabilities ₹34.19 lakhs)

Significant Transactions and Balances

  • Inter Corporate Deposit to Williamson Financial Services Limited: ₹470 lakhs (fully provided for impairment)
  • Advance to Related Parties: ₹28 lakhs to Williamson Magor & Co. Limited
  • Fixed Deposits with maturity beyond 12 months: ₹6.76 lakhs
  • Security Deposits: ₹2.31 lakhs (net of provision of ₹18.86 lakhs)

Board of Directors

1. Mr. Pradip Bhar (Director)

2. Mr. R. K. Bhagania (Director)

3. Mr. Gaurang S. Ajmera (Director)

4. Ms. Kavita Biyani (Director)

5. Mr. H. U. Sanghavi - General Manager, Company Secretary & Compliance Officer

6. Mr. S.R. Landge, Chief Financial Officer

Voting Arrangements

  • Remote e-voting period: August 22, 2026 (9 AM) to August 24, 2026 (5 PM)
  • Cut-off date: August 18, 2026
  • Scrutinizer: Mr. Rajnikant N. Shah, Practicing Company Secretary
  • Results declaration: Within 2 working days of AGM conclusion

Shareholding Pattern

  • Dematerialized shares: 88.81%
  • Major shareholders: Life Insurance Corporation of India (18.87%), McLeod Russel India Limited (19.41%), Bishnauth Investments Limited (14.81%), Williamson Magor & Co. Limited (5.58%)

Contingent Liabilities

  • Sales Tax disputes: ₹33.57 lakhs across multiple states (Assam, Odisha, Tamil Nadu, Madhya Pradesh)
  • Bank guarantees: ₹5.27 lakhs
  • Legal claim: ₹63.97 lakhs by Howrah Motor Company Limited (with counter claim of ₹49.67 lakhs)

Related Party Transactions

Transactions with related parties including remuneration to KMPs, director sitting fees, and advances to directors during the year.

Other Material Information

  • Company has adequate internal financial controls system
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No deposits accepted from public during the year
  • No material changes between balance sheet date and report date
  • Register of Members and Share Transfer Books will remain closed from August 19, 2026 to August 25, 2026

#Tags: #TheStandardBatteriesLimited #AGM #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Negative