AGM Details

The 34th AGM will be held on Wednesday, 23 September 2026 at 3:30 PM IST through Video Conferencing/Other Audio-Visual Means. The meeting will transact ordinary and special business including:

  • Adoption of audited financial statements for FY ended 31 March 2026
  • Re-appointment of Ms. Rita Gupta (DIN: 00899240) as director retiring by rotation
  • Re-appointment of Mr. Vipin Kumar Gupta (DIN: 08397846) as Independent Director for a second term of five years (12 August 2026 to 11 August 2031)

Book Closure

Register of Members and Share Transfer Books will remain closed from Monday, 14 September 2026 to Wednesday, 23 September 2026 (both days inclusive).

E-voting Details

Remote e-voting period begins on Sunday, 20 September 2026 at 9:00 AM and ends on Tuesday, 22 September 2026 at 5:00 PM through NSDL. Record date for voting rights is Thursday, 17 September 2026.

Financial Highlights (FY 2025-26)

  • Sales & other income: ₹11.06 lakhs (Previous year: ₹12.94 lakhs)
  • Loss before tax: ₹0.53 lakhs (Previous year: ₹8.59 lakhs)
  • Tax expense: ₹0.63 lakhs (deferred tax)
  • Net loss: ₹1.16 lakhs (Previous year: ₹8.59 lakhs)
  • No dividend recommended due to absence of profits
  • Accumulated losses: ₹1,286.43 lakhs, resulting in negative net worth
  • Current liabilities exceed current assets by ₹178.84 lakhs

Capital Structure

  • Authorized capital: 1,000,000 preference shares of ₹100 each + 50,000,000 equity shares of ₹10 each
  • Issued, subscribed and paid-up capital: 14,652,686 equity shares of ₹10 each = ₹1,465.27 lakhs (unchanged during year)
  • Promoter holding: 61.05% (HCL Corporation Private Limited - 59.14%)

Director Appointments/Reappointments

Ms. Rita Gupta (seeking reappointment as rotating director):

  • First appointed: 13 August 2014
  • Qualifications: Chartered Accountant with 30+ years experience in finance
  • Current directorships: 6 other companies including HCL Infosystems Limited
  • No shareholding in company

Mr. Vipin Kumar Gupta (seeking reappointment as Independent Director for second term):

  • First appointed: 12 August 2021
  • Qualifications: Cost Accountant (ICMAI) with 25 years experience
  • Current directorships: 3 other companies
  • No shareholding in company
  • Serves as Chairman of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees

Compliance Issues Disclosed

1. Regulation 6(1) of SEBI LODR: Compliance Officer not in whole-time employment

2. Delayed filing of Annual Secretarial Compliance Report for FY 2024-25, resulting in monetary penalty from exchange

3. Auditors emphasized material uncertainty regarding going concern due to accumulated losses and negative net worth

Other Corporate Information

  • Registrar & Share Transfer Agent: Skyline Financial Services Private Limited
  • Company Secretary & Compliance Officer: Mr. Jasbir Singh Marjara (appointed 11 August 2025)
  • CEO/CFO certification provided regarding financial statements and internal controls

Voting Instructions

Detailed instructions provided for remote e-voting through NSDL system and participation in AGM via VC/OAVM facility. Members holding physical shares encouraged to dematerialize holdings.