Financial Performance Summary (₹ lakhs)

| Particulars | FY 2025-26 | FY 2024-25 | Change |

| Other Income | 134.14 | 136.10 | (1.96) |

| Profit Before Tax | 3.52 | 11.99 | (8.47) |

| Tax Expense | (0.98) | 2.98 | (3.96) |

| Net Profit | 4.50 | 9.01 | (4.51) |

| EPS (₹) | 0.07 | 0.13 | (0.06) |

Business Operations

The company has given its vacant factory buildings on lease for warehousing purpose. The income from lease is recognized as other income. The company is temporarily engaged in this business while exploring prospects of embarking upon a new business venture within its premises.

Key Financial Figures

  • Paid-up Equity Share Capital: ₹681.44 lakhs (68,14,350 equity shares of ₹10 each)
  • Reserves & Surplus: Negative ₹397.25 lakhs
  • Total Assets: ₹406.25 lakhs
  • Investments: ₹261.04 lakhs (primarily in mutual funds and unquoted equity)
  • Trade Receivables: ₹24.85 lakhs (with allowance for credit impairment of ₹57.23 lakhs)
  • Cash & Cash Equivalents: ₹15.71 lakhs
  • Lease Rental Income: ₹104.13 lakhs (previous year: ₹110.30 lakhs)

Capital Structure

  • Equity Shares: 68,14,350 shares of ₹10 each
  • Preference Shares: 2,000 11% Redeemable Non-cumulative Preference Shares of ₹100 each
  • Shareholding Pattern: 64.18% held in dematerialized form
  • Major Shareholders: Shreyans Industries Ltd. (18.78%), Ojasvi Investment & Mercantile Co. (6.31%), Levina Investment & Mercantile Co. (6.03%), Achin Investment & Mercantile Co. (5.69%)

Corporate Governance

Board of Directors:

  • Mr. Rajneesh Oswal (Chairman & Managing Director, DIN: 00002668)
  • Mr. Vishal Oswal (Vice-Chairman & Managing Director, DIN: 00002678)
  • Mr. Krishan Sethi (Independent Director, DIN: 00157646)
  • Mrs. Priya Begana (Independent Director, DIN: 07706647)
  • Mr. Ravinder Kumar (Independent Director, DIN: 09733167)

Key Managerial Personnel:

  • Mr. Rajesh Kumar (CFO)
  • Ms. Harpreet Kaur (Company Secretary, ACS 49237)

Board Meetings: 4 meetings held during FY25-26 on May 28, 2025; August 13, 2025; November 13, 2025; and February 14, 2026.

Committee Composition:

  • Audit Committee: Ravinder Kumar (Chairperson), Priya Begana, Krishan Sethi
  • Nomination and Remuneration Committee: Ravinder Kumar (Chairperson), Priya Begana, Krishan Sethi
  • Stakeholders Relationship Committee: Ravinder Kumar (Chairman), Rajneesh Oswal, Priya Begana, Vishal Oswal

Dividend

No dividend recommended for FY25-26 due to absence of adequate profits.

Statutory Appointments

Statutory Auditors: M/s. Kamboj Malhotra & Associates (FRN: 015848N), appointed until 47th AGM

Secretarial Auditors: M/s. P.S. Bathla & Associates (CP No. 2585), appointed for 5 years from FY2025-26 to FY2029-30

Registrar & Transfer Agents: Skyline Financial Services Pvt. Limited, New Delhi

Annual General Meeting

46th AGM Date: September 30, 2026

Time: 11:00 AM

Venue: Registered Office at Village Bholapur, P.O. Sahabana, Chandigarh Road, Ludhiana 141123

Business:

1. Adoption of audited financial statements

2. Re-appointment of Mr. Vishal Oswal as director retiring by rotation

Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)

Related Party Transactions

All related party transactions were on arm's length basis and in ordinary course of business. No materially significant related party transactions during the year.

Risk Management

The Company has been addressing various risks through well-defined risk management procedures. Adequate internal financial controls were in place and operating effectively.

Forward-looking Statements

The company is exploring potential of using alternate source of energy and actively engaged in profound deliberations for embarking upon a new business venture within its premises.

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