Key Business Updates

Annual General Meeting Details

The 41st Annual General Meeting will be held on Wednesday, September 30, 2026 at 10:30 a.m. at the Registered Office of the Company at 147, 14th Floor, Atlanta, Nariman Point, Mumbai-400021.

Agenda Items

Ordinary Business:

1. To consider and adopt audited financial statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. To appoint Shri Sanjay T. More (DIN: 07711625), who retires by rotation, as Director

Special Business:

3. To re-appoint Ms. Kirti B. Chaudhari as Manager for five years effective September 2, 2026

Financial Performance (₹ in Lakhs)

| Particulars | Current Year (2025-26) | Previous Year (2024-25) |

| Income | 37.85 | 37.86 |

| Expenses | 15.84 | 15.29 |

| Profit Before Tax | 22.01 | 22.57 |

| Tax Expenses | 9.54 | 9.57 |

| Profit After Tax | 12.47 | 13.00 |

| Net Worth | 551.62 | 539.15 |

Dividend Declaration

No dividend recommended for the financial year 2025-26.

Director Appointments and Changes

  • Shri Sanjay T. More (57 years, B.Com, DIN: 07711625) retires by rotation and seeks reappointment
  • Holds 17,000 equity shares in the company
  • Serves on 4 other boards: Padma Raga Commercials Private Limited, Relogistics (India) Private Limited, Radhe Vallabh Tradecom Private Limited, Symphony Impex (India) Private Limited
  • Attended 7 out of 7 Board meetings during FY2025-26

Managerial Appointment

  • Ms. Kirti B. Chaudhari (35 years, B.Com) proposed for re-appointment as Manager for 5 years from September 2, 2026
  • Remuneration: ₹8,89,000 per annum (salary, perquisites and allowances)
  • Previous remuneration: ₹8.84 lakh p.a. for FY2025-26
  • 12+ years experience in accounts and indirect taxation
  • Holds no shares in the company

Key Management Changes

  • Shri Daudayal S. Lakhani resigned as Company Secretary effective July 15, 2025
  • Shri Piyush Oza appointed as Company Secretary effective July 16, 2025
  • Shri Deepak A. Karkera continues as Chief Financial Officer (on secondment)

Corporate Governance

  • Company exempt from corporate governance compliance under Regulation 15 of Listing Regulations due to size
  • Paid-up equity share capital: ₹199.20 lakhs
  • Net worth: ₹551.62 lakhs as on March 31, 2026
  • Seven Board meetings held during FY2025-26 with 100% attendance by all directors

Voting Arrangements

  • Remote e-voting period: September 26, 2026 (9:00 a.m.) to September 29, 2026 (5:00 p.m.)
  • Cut-off date for voting rights: September 23, 2026
  • Scrutinizer: Shri Devesh C. Vasavada, Practising Chartered Accountant
  • KFin Technologies Limited appointed as e-voting agency

Internal Financial Controls

Company maintains adequate internal financial controls systems which are operating effectively as confirmed by statutory auditors.

Related Party Transactions

All related party transactions were in ordinary course of business and at arm's length basis. Total salaries paid to key managerial personnel: ₹10.35 lakhs for FY2025-26.

Share Capital Structure

  • Authorized Capital: 30,00,000 equity shares of ₹10 each (₹300.00 lakhs)
  • Issued, Subscribed and Paid-up: 19,92,000 equity shares of ₹10 each (₹199.20 lakhs)
  • No change in share capital during the year

Financial Position (as at March 31, 2026)

  • Non-current Assets: ₹230.43 lakhs (including bank deposits of ₹224.93 lakhs)
  • Current Assets: ₹322.52 lakhs (including other financial assets of ₹320.60 lakhs)
  • Current Liabilities: ₹1.33 lakhs
  • Current Ratio: 241.87 times
  • Return on Net Worth: 2.26%

Other Compliance Information

  • No material changes affecting financial position post year-end
  • No subsidiary, associate or joint venture companies
  • No fraud reported by auditors
  • No pending litigations impacting financial position
  • No deposits accepted from public
  • No CSR spending required
  • Register of Members and Transfer Books closed from September 18-21, 2026