AGM Details
- Date: Friday, September 11, 2026
- Time: 03:30 P.M. (IST)
- Mode: Video Conference/Other Audio Visual Means
- Deemed Venue: Registered office at 403, Sarthik 2, Opp. Rajpath Club, S.G. Highway, Ahmedabad-380054
- Cut-off date for voting: September 4, 2026
- Remote e-voting period: September 8, 2026 (9:00 AM) to September 10, 2026 (5:00 PM)
Business to be Transacted
Ordinary Business:
1. Adoption of Audited Financial Statements: To consider and adopt audited standalone and consolidated financial statements for FY ended March 31, 2026, together with reports of Board of Directors and Independent Auditor's reports.
2. Re-appointment of Director: To appoint Mr. Jayendra Mehta (DIN: 08210602) who retires by rotation and being eligible, offers himself for re-appointment.
Special Business:
3. Regularization of Additional Director: To approve Mr. H.A Parikh (DIN: 00027820) as Non-Executive Non-Independent Director (appointed w.e.f. June 18, 2026).
4. Related Party Transactions: To approve material related party transactions proposed to be entered into during FY 2026-2027 with 27 related parties (listed in Annexure) up to ₹100 crore.
5. New Memorandum of Association: To adopt new Memorandum of Association in line with Companies Act, 2013 (Special Resolution).
6. New Articles of Association: To adopt new Articles of Association in line with Companies Act, 2013 (Special Resolution).
7. Borrowing Limits: To approve increase in borrowing limits under Section 180(1)(c) of Companies Act, 2013 to ₹100 crore (Special Resolution).
8. Investments and Loans: To approve investments, loans, guarantees under Section 186 of the Act up to ₹50 crore (Special Resolution).
9. Loans to Interested Parties: To approve advancement of loans/guarantees under Section 185 of the Act to entities where directors are interested, up to ₹50 crore (Special Resolution).
Financial Performance Highlights (Standalone)
| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |
| Total Revenue | 11,234.04 | 297.74 |
| Total Expenditure | 11,182.25 | 367.10 |
| Profit/(Loss) Before Tax | 51.79 | (69.36) |
| Provision for Taxation | 14.29 | 0.15 |
| Profit/(Loss) After Tax | 37.50 | (69.51) |
Financial Performance Highlights (Consolidated)
| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |
| Total Revenue | 11,602.21 | 847.84 |
| Total Expenditure | 11,547.84 | 915.05 |
| Profit/(Loss) Before Tax | 54.37 | (67.21) |
| Provision for Taxation | 14.93 | 0.20 |
| Profit/(Loss) After Tax | 39.44 | (67.41) |
Key Financial Position (Standalone as of March 31, 2026)
- Share Capital: ₹4.00 crore (4,00,00,000 equity shares of ₹1 each)
- Reserves & Surplus: ₹39.54 lakh
- Total Assets: ₹2,208.74 lakh
- Inventories: ₹294.51 lakh
- Trade Receivables: ₹1,066.01 lakh
- Cash & Cash Equivalents: ₹1.78 lakh
- Borrowings: ₹749.90 lakh (Non-current: ₹87.72 lakh, Current: ₹662.18 lakh)
- Trade Payables: ₹606.87 lakh
Director and Key Managerial Personnel Changes
Appointments:
- Mr. Sarang Bharatbhai Pathak (DIN: 02663344) as Additional Director (August 30, 2025)
- Mr. Hitesh Rijwani (DIN: 11030634) as Independent Director (May 12, 2025)
- Mr. H.A Parikh as Non-Executive Director (June 18, 2026)
- Mr. Vishal Katarmal as Company Secretary (July 8, 2026)
Resignations:
- Mr. H.A Parikh resigned (March 17, 2026)
- Mr. Aagam Shah resigned (May 11, 2025)
- Ms. Siddhi Shah resigned as Company Secretary (September 26, 2025)
- Mr. Chaitra Arora resigned as Company Secretary (April 30, 2026)
Subsidiary Information
The company has one wholly owned subsidiary:
- Vivanza Lifesciences Private Limited (acquired June 17, 2016)
Subsidiary financial highlights (FY 2025-26):
- Share capital: ₹100.00 lakh
- Reserves & surplus: (₹73.02) lakh
- Total assets: ₹416.84 lakh
- Revenue: ₹367.95 lakh
- Profit after tax: ₹1.94 lakh
Auditor Information
- Statutory Auditor: Shivam Soni & Co., Chartered Accountants
- Secretarial Auditor: Chintan Patel & Associates, Practicing Company Secretary
- Internal Auditor: Dharti Shah & Co., Chartered Accountants (for FY 2026-27)
Foreign Exchange Transactions
- Foreign Exchange Earnings: ₹668.36 lakh (FY 2025-26)
- Foreign Exchange Outgo: Nil (FY 2025-26)
Compliance Status
- The company is not required to comply with Corporate Governance regulations as per Regulation 15(2) of SEBI LODR
- No deposits accepted during the year
- No frauds reported by auditors
- No application/proceeding under IBC
- No sexual harassment complaints received during the year
Voting Arrangements
- E-voting through NSDL
- Scrutinizer: Mr. Chintan Patel, Practicing Company Secretary
- Results to be declared on company website and NSDL website
Important Notes from Auditors
- The company used accounting software with audit trail feature throughout the year
- No qualifications, reservations, adverse remarks or disclaimers in audit reports
- Internal financial controls were adequate and operating effectively
- Company granted interest-free loans which is a violation of Section 186(7) of Companies Act, 2013