AGM Details

  • Meeting Date: Tuesday, September 29, 2026 at 05:30 PM
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Cut-off Date: Tuesday, September 22, 2026 for determining shareholder eligibility
  • Remote e-Voting Period: September 25, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
  • Scrutinizer: Mr. Utkarsh Shah, Practicing Company Secretary of M/s. Utkarsh Shah & Co.

Agenda Items

Ordinary Business:

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

2. To reappoint Mrs. Patel Kamuben Dipakkumar (DIN: 10935347) who retires by rotation

Special Business:

3. To consider shifting of registered office from Uttar Pradesh to Gujarat (Special Resolution required)

Financial Performance (FY 2025-26)

  • Revenue from Operations: Nil (same as previous year)
  • Other Income: ₹2.22 lakhs (previous year: ₹14.12 lakhs)
  • Total Expenses: ₹13.33 lakhs (previous year: ₹108.40 lakhs)
  • Profit Before Tax: Loss of ₹11.11 lakhs (previous year: Loss of ₹94.28 lakhs)
  • Tax Expense: ₹0.70 lakhs (Deferred tax) (previous year: ₹20.46 lakhs)
  • Profit After Tax: Loss of ₹10.41 lakhs (previous year: Loss of ₹73.82 lakhs)
  • EPS: Negative ₹0.34 (previous year: Negative ₹2.42)

Capital Structure

  • Paid-up Equity Share Capital: ₹305.19 lakhs (30,51,900 shares of ₹10 each)
  • No change in share capital during the year

Key Financial Position (as at March 31, 2026)

  • Total Assets: ₹243.09 lakhs (previous year: ₹240.36 lakhs)
  • Non-Current Assets: ₹21.33 lakhs (including Deferred Tax Asset of ₹21.13 lakhs)
  • Current Assets: ₹221.76 lakhs (including Cash & Cash Equivalents of ₹9.73 lakhs and Other Current Assets of ₹212.00 lakhs)
  • Total Equity: ₹227.78 lakhs (Negative Other Equity of ₹77.41 lakhs)
  • Current Liabilities: ₹15.31 lakhs (including Trade Payables of ₹14.56 lakhs)

Board and Management Details

  • Board Meeting: Held on September 07, 2026 from 07:30 PM to 08:30 PM where AGM notice was approved
  • Key Managerial Personnel:
  • Mr. Dipakkumar Ganeshbhai Patel (Chairman and Managing Director, DIN: 00687890)
  • Mr. Rajesh Brijmohanbhai Kshatriya (CFO, appointed July 25, 2025)
  • Miss. Hetal Karshanbhai Vaghela (Company Secretary)
  • Directors:
  • Mr. Dipakkumar Ganeshbhai Patel (Managing Director)
  • Ms. Indira Suresh Vora (Independent Director)
  • Mr. Oshin Shailesh Vaghela (Independent Director)
  • Mrs. Patel Kamuben Dipakkumar (Director)

Compliance Issues Noted by Auditors

1. Non-registration with RBI: The company was required to register under section 45-IA of RBI Act, 1934 after surrendering stock broking registration in November 2012, but has not applied for NBFC registration

2. Non-implementation of System Driven Disclosures (SDD): Under Regulation 7(2) read with Schedule VII of SEBI (PIT) Regulations, 2015

3. Non-publication of financial results in newspapers: Delay in publication as required under Regulation 47 of SEBI (LODR) Regulations, 2015

4. Pending delisting from Calcutta Stock Exchange: Application made on October 11, 2007, still pending

Other Material Information

  • Business Status: No business activities for past 2 years, nil revenue from operations
  • Share Transfer Agent: Skyline Financial Services Private Limited, New Delhi
  • e-Voting Agency: Central Depository Services (India) Limited
  • Dividend: No dividend declared during the year
  • Deposits: No public deposits accepted during the year
  • Subsidiaries: None
  • Related Party Transactions: All transactions at arm's length basis
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report

Voting Instructions

Detailed instructions provided for shareholders for:

  • Remote e-voting through CDSL/NSDL systems
  • Physical shareholders voting process
  • Participation in AGM through VC/OAVM
  • Registration process for speaking during the meeting

Financial Impact

  • The continuing losses have eroded the company's reserves, resulting in negative other equity of ₹77.41 lakhs
  • The proposed shifting of registered office may involve costs, but financial impact not quantified in the disclosure
  • Compliance issues may lead to regulatory actions, but financial impact not quantified