Financial Performance (FY 2025-2026)

  • Total Income: ₹3.14 lakhs (decreased from ₹3.21 lakhs in FY25)
  • Total Expenditure: ₹18.50 lakhs (increased from ₹15.79 lakhs in FY25)
  • Loss before tax: ₹15.36 lakhs (increased from ₹12.57 lakhs in FY25)
  • Tax Expense: ₹0.03 lakhs
  • Net Loss After Tax: ₹15.39 lakhs (increased from ₹12.60 lakhs in FY25)
  • EPS: ₹(0.31) per share (compared to ₹(0.25) in FY25)
  • No dividend recommended due to inadequate profits
  • No amount transferred to reserves

Capital Structure

  • Paid-up Share Capital: ₹5.00 crore consisting of 50,00,000 equity shares of ₹10 each fully paid-up
  • Shareholding Pattern: 82.96% dematerialized (31.31% with NSDL, 53.39% with CDSL), 17.04% in physical form

34th Annual General Meeting Details

  • Date: September 25, 2026 at 1:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Agenda: 1. Adoption of audited financial statements for FY26, 2. Reappointment of Mr. Anil Kothari (DIN: 01991283) who retires by rotation
  • Cut-off date for eligibility: September 18, 2026
  • E-voting period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM) through NSDL
  • Book closure: September 19, 2026 to September 25, 2026

Board of Directors

  • Mr. Anil Kothari - Whole Time Director & CFO (DIN: 01991283)
  • Mr. Naresh Jain - Non-Executive Director (DIN: 00291963)
  • Mr. Suryakant Kadakane - Independent Director (DIN: 02272617)
  • Mrs. Preeti Doshi - Independent Director (DIN: 07741542)
  • Mr. Rajendra Redekar - Independent Director (DIN: 02713973)

Key Managerial Personnel

  • Mr. Anil Kothari - Whole Time Director & CFO
  • Ms. Kavita Jain - Company Secretary and Compliance Officer

Committee Composition

  • Audit Committee: Mr. Suryakant Kadakane (Chairman), Mr. Rajendra Redekar, Mr. Anil Kothari
  • Nomination and Remuneration Committee: Mr. Suryakant Kadakane (Chairman), Mr. Rajendra Redekar, Mrs. Preeti Doshi
  • Stakeholders Relationship Committee: Mr. Naresh Jain (Chairman), Mr. Suryakant Kadakane, Mr. Rajendra Redekar

Board Meetings

6 meetings held during FY26 on: 29.05.2025, 11.07.2025, 21.08.2025, 12.11.2025, 13.02.2026, and 24.03.2026

Remuneration to Directors (FY26)

  • Mr. Suryakant Kadakane: Sitting fees ₹12,000
  • Mrs. Preeti Doshi: Sitting fees ₹12,000
  • Mr. Rajendra Redekar: Sitting fees ₹8,000
  • Ms. Kavita Jain: Salary ₹1,80,000

Statutory Appointments

  • Statutory Auditors: M/s. B M Gattani & Co., Chartered Accountants (FRN: 113536W)
  • Internal Auditors: Abhishek R Jain & Co., Chartered Accountants
  • Secretarial Auditors: Mr. Suprabhat Chakraborty, Practising Company Secretary (CP No: 15878)
  • Registrar and Share Transfer Agent: M/s. Bigshare Services Private Limited

Secretarial Audit Observations

1. Company has not paid Annual Listing Fees and trading in Bombay Stock Exchange has been suspended

2. Strict compliance of Reserve Bank of India disclosure needs to be followed

3. Independent directors have not cleared online self-assessment proficiency test as per Companies (Appointment and Qualification of Directors) Rules, 2014

4. Company has received various show cause notices under Companies Act and is applying for compounding of offences u/s 441

Financial Position (as at 31.03.2026)

  • Total Assets: ₹193.34 lakhs
  • Investments: ₹153.55 lakhs (in Jupiter City Developers India Limited)
  • Loans: ₹20.21 lakhs
  • Borrowings: ₹37.25 lakhs (from related parties)
  • Other Equity: Negative ₹369.91 lakhs
  • Cash & Cash Equivalents: ₹0.23 lakhs
  • Bank Balance (other than cash): ₹1.54 lakhs

Other Disclosures

  • No subsidiaries, joint ventures, or associate companies
  • No material changes in nature of business
  • No material related party transactions requiring disclosure in Form AOC-2
  • No corporate social responsibility applicability
  • No sexual harassment complaints during FY26
  • No significant material orders passed by regulators/courts
  • Company has compounding applications pending with Regional Director/NCLT for violations detected under inspection