Key Dates and Timing

  • AGM Date: Tuesday, 28 July 2026
  • AGM Time: 11:00 A.M. (IST)
  • Meeting Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Book Closure Period: 22 July 2026 to 28 July 2026 (both days inclusive)
  • E-Voting Cut-off Date: 21 July 2026
  • Remote E-Voting Period: Commences 25 July 2026 at 09:00 AM, ends 27 July 2026 at 05:00 PM
  • Notice Dispatch Date: 06 July 2026

AGM Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31 March 2026 along with Reports of Board of Directors and Auditors

2. Director Reappointment - Dharmpal Agarwal: To appoint Shri Dharmpal Agarwal (DIN: 00084105) who retires by rotation and offers himself for reappointment. He is 76 years old, appointed on 03/05/1972, holds 15,700 shares, and draws no remuneration.

3. Director Reappointment - Vikas Agarwal: To appoint Shri Vikas Agarwal (DIN: 00052738) who retires by rotation and offers himself for reappointment. He is 53 years old, appointed on 13/03/1999, holds 55,458 shares, and draws no remuneration.

Special Business

4. Capital Reclassification: To re-classify the unissued portion of Authorised Share Capital from ₹16,00,00,000 divided into:

  • Current: 36,00,000 Equity Shares of ₹10 each and 12,40,000 Preference Shares of ₹100 each
  • Proposed: 32,40,000 Equity Shares of ₹10 each (aggregating ₹3,24,00,000) and 12,76,000 Preference Shares of ₹100 each (aggregating ₹12,76,00,000)
  • Total remains ₹16,00,00,000
  • Requires alteration of Clause 5 of Memorandum of Association

5. Preference Share Issuance: To issue upto 2,50,000 Non-Convertible Redeemable Preference Shares (NCRPS) on private placement basis to Promoter(s) & Promoter Group entities and Related Parties:

  • Face Value: ₹100 per share
  • Issue Price: ₹400 per share (including premium of ₹300)
  • Aggregate Value: Not exceeding ₹10,00,00,000
  • Terms: Non-cumulative, non-participating, non-convertible, 0% dividend
  • Redemption: At premium of 18% [simple] p.a. on issue price (max ₹400 per share)
  • Redemption Period: Within 20 years from date of issue or earlier at company's discretion
  • Objects: Meet working capital requirements, major repairs/reconstruction at Colaba property, substantial legal expenses for Supreme Court cases, general corporate purposes including repayment of unsecured loans

Shareholding Pattern (as disclosed)

| Category | Equity Shares | % | Preference Shares | % |

| Promoters' Holding | 6,23,548 | 69.53 | 8,90,727 | 93.89 |

| Non-Promoters' Holding | 2,73,517 | 30.47 | 57,935 | 6.11 |

| Grand Total | 8,96,791 | 100.00 | 9,48,662 | 100.00 |

Valuation Details for Preference Shares

  • Valuer: Mr. Hemang Shah, Practicing Company Secretary & Registered Valuer
  • Registration No.: IBBI/RV/03/2020/12854
  • Address: Co-Venture Hub, 314-315, 3rd Floor, Kalp Business Hub, Above SBI Bank, Bahucharaji Road, Karelibaugh, Vadodara - 390018
  • Valuation Report Date: 15 June 2026

Previous Allotment History

The Share Allotment Committee had previously allotted 1,64,665 NCRPS aggregating ₹6,58,66,000 out of 2,50,000 NCRPS approved in 2023.

Registrar and Share Transfer Agent

Bigshare Services Private Limited, Office No. S6-2 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (E), Mumbai 400 093

Additional Information

  • The company's shares are dematerialized (ISIN No. INE920B01019) and traded in electronic form
  • Members are requested to register their email IDs with depositories and/or with the RTA
  • The proceedings of the AGM shall be deemed to be conducted at the Registered Office of the Company
  • Facility for appointment of proxies is not available for this e-AGM