Annual General Meeting Details
- Date: Wednesday, 30th September, 2026
- Time: 4:30 PM (IST)
- Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Record Date: Wednesday, 23rd September, 2026 for determining voting rights
Financial Performance Highlights (₹ in Lakhs)
| Particulars | FY 2025-26 | FY 2024-25 | Change |
| Total Revenue | 68,595.95 | 52,100.52 | +31.66% |
| Profit Before Tax | 1,961.92 | 1,488.91 | +31.77% |
| Profit After Tax | 1,411.13 | 1,005.93 | +40.28% |
| Basic EPS (₹) | 1.12 | 0.80 | +40.00% |
Key Financial Ratios
| Ratio | Current Year | Previous Year |
| Current ratio | 1.297 | 1.282 |
| Debt-Equity ratio | 1.804 | 1.926 |
| Return on equity | 14.640% | 12.012% |
| Net profit ratio | 2.109% | 1.975% |
AGM Business Agenda
Ordinary Business:
1. Adoption of audited financial statements for FY ended 31st March, 2026
2. Re-appointment of Mr. Shantilal Ishwarlal Patel (DIN: 01362109) who retires by rotation
Special Business - Remuneration Revisions (All at ₹5,00,000 per month effective October 01, 2026):
3. Revision for Mr. Pradipkumar Ratilal Navik (Chairman & MD) until June 25, 2028
4. Revision for Mr. Shantilal Ishwarlal Patel (Whole-time Director) until June 25, 2028
5. Revision for Mr. Rohan Pradipkumar Navik (Whole-time Director) until June 25, 2028
6. Revision for Mr. Dhavalkumar Shantilal Patel (Whole-time Director) until September 21, 2027
Additional Appointments:
10. Re-appointment of Mr. Dhavalkumar Shantilal Patel as Whole-time Director for 3 years from September 22, 2027
11. Appointment of Mr. Manish R. Patel as Secretarial Auditor for 5 years from FY 2026-27
Significant Accounting Disclosures
Related Party Transactions: Total ₹9.09 crore with 28 associate entities including Jacob Foods Private Limited, Rati Aqua Private Limited, and Susan Aqua Private Limited
Employee Benefits: Gratuity obligation of ₹56.56 lakhs with net benefit expense of ₹27.40 lakhs recognized
Financial Instruments: Total financial assets ₹11,681.10 lakhs, liabilities ₹22,397.77 lakhs, primarily Level 3 instruments
Segment Reporting: Company operates solely in Aquaculture segment
Regulatory Compliance & Governance
- Fines of ₹48,380 by BSE for various non-compliances
- Delay in appointment of Compliance Officer
- Discrepancies in corporate governance reports and shareholding patterns
- Secretarial Audit Report identified several compliance observations
- No significant impact from recent MCA accounting amendments
Capital Structure & Corporate Details
- Authorized Capital: ₹13,00,00,000 (13 crore shares of ₹1 each)
- Paid-up Capital: ₹12,60,66,000 (12,60,66,000 shares of ₹1 each)
- No dividend recommended for FY 2025-26
- CSR Expenditure: ₹19.35 lakhs towards village road construction
Board Composition
Current Directors: Pradipkumar Ratilal Navik (Chairman & MD, 9.89%), Shantilal Ishwarlal Patel (Whole-time Director, 10.66%), Rohan Pradipkumar Navik (Whole-time Director, 1.15%), Dhavalkumar Shantilal Patel (Whole-time Director, 0.38%), and four independent directors
Key Managerial Personnel: Jayan Rajeshkumar Patel (CFO), Mrs. Anita Digbijay Paul (Company Secretary & Compliance Officer)
Voting Arrangements
- Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- E-voting agency: National Securities Depository Limited (NSDL)
- Scrutinizer: Mr. Manish R. Patel, Practicing Company Secretary
- No proxy facility available due to virtual meeting format