AGM Details
The 43rd Annual General Meeting will be held on Wednesday, September 23, 2026, at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The Record Date for dividend eligibility is fixed as September 16, 2026.
Ordinary Business Agenda
1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026
2. Reappointment of Mr. Kunal Chaudhary (DIN: 08648115) as director retiring by rotation
3. Declaration of final dividend of ₹0.10 (Ten Paise) per equity share of face value ₹10 each for FY 2025-26
4. Approval of material related party transactions with identified subsidiaries up to ₹1 crore aggregate value
Special Business Agenda
5. Revision of remuneration of Mr. Kunal Chaudhary, Executive Director, from current ₹18 lakh per annum to maximum ceiling of ₹30 lakh per annum (Special Resolution)
6. Alteration of Memorandum of Association to include additional objects for: Land and Real Estate business; Hotels, Motels and Hospitality business; Agricultural and Agro Products business (Special Resolution)
7. Alteration of Articles of Association to empower Board for corporate actions including dividends, bonus issues, rights issues, buybacks, and borrowing approvals (Special Resolution)
Financial Performance Highlights (Standalone, ₹ in Lakhs)
| Particulars | FY 2025-26 | FY 2024-25 | Growth |
| Total Income | 418.75 | 375.58 | 11.50% |
| Profit before Depreciation & Tax | 121.11 | 51.56 | 134.89% |
| Depreciation | 22.50 | 14.53 | 54.85% |
| Provision for Taxation | 18.18 | 21.63 | (15.95%) |
| Net Profit | 80.43 | 25.40 | 216.65% |
| Revenue from Operations | 414.40 | 364.18 | 13.79% |
Dividend Declaration
The Board has recommended a Final Dividend of ₹0.10 per equity share (1% of face value) for FY 2025-26, subject to shareholder approval at AGM. The dividend will be paid after deduction of applicable TDS.
Corporate Developments
- Ms. Priya Chaudhary resigned as CFO and Executive Director during the year (August 11, 2025 and September 24, 2025 respectively)
- Mr. Kunal Chaudhary appointed as CFO with effect from August 12, 2025
- Company issued 83,220 bonus equity shares to eligible non-promoter shareholders in ratio of 1:10 (approved at EGM on February 26, 2026)
- Achieved Minimum Public Shareholding (MPS) compliance requirements
- Subsidiary Freebird Aerospace India Private Limited reported net loss of ₹14.66 lakh for FY 2025-26
Capital Structure
- Authorized Capital: ₹550 lakh (55,00,000 equity shares of ₹10 each)
- Issued, Subscribed and Paid-up Capital: ₹457.09 lakh (45,70,920 equity shares of ₹10 each)
- Promoter holding: 75% (Mr. Ashwin Chaudhary holding 34,28,190 shares)
Key Management Changes
Mr. Kunal Chaudhary's remuneration revision proposed with following details:
- Current remuneration: ₹18 lakh per annum
- Proposed maximum remuneration: ₹30 lakh per annum
- Effective date: As decided by Board
- Age: 35 years, Qualification: B.Tech from IIT
- Experience: Cybersecurity and Information Technology
- Relationship: Son of Mr. Ashwin Chaudhary, Promoter and Managing Director
Subsidiary Information
Freebird Aerospace India Private Limited (51% subsidiary):
- Share capital: ₹40.00 lakh
- Reserves & surplus: (₹42.62 lakh)
- Total assets: ₹119.24 lakh
- Turnover: ₹0.94 lakh
- Net loss: ₹14.66 lakh
Compliance Status
- Company was non-compliant with Minimum Public Shareholding requirements for a period, resulting in fine from Stock Exchange
- Achieved MPS compliance on March 27, 2026
- Application for waiver of fine submitted to BSE Limited, outcome awaited
Voting Instructions
- Remote e-voting period: September 20, 2026 (9:00 a.m.) to September 22, 2026 (5:00 p.m.)
- Scrutinizer: CS V. Ramachandran, Practising Company Secretary
- AGM joining link: https://msteams.link/X3GH