Annual General Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: 01:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off Date: Wednesday, 23rd September 2026 for determining members eligible to vote

Business to be Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026 along with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Mohammad Hanif Khan (DIN: 10211298) who retires by rotation

Special Business:

3. Approval of material related party transactions with M/s. AIK Pipes (sole proprietorship of Mr. Imran Khan) for purchase/sale of goods up to ₹5,00,00,000

4. Approval of material related party transactions with M/s. Pinky Enterprises (sole proprietorship of mother of Mr. Imran Khan) for purchase/sale of goods up to ₹5,00,00,000

Financial Performance Highlights (₹ in Lakhs)

| Particulars | 2025-2026 | 2024-2025 | Change |

| Revenue from Operations | 945.08 | 2,509.70 | -62.34% |

| Other Income | 40.30 | 34.87 | +15.57% |

| Total Income | 985.38 | 2,544.57 | -61.28% |

| Finance Cost | 56.65 | 75.08 | -24.55% |

| Depreciation | 46.47 | 38.85 | +19.61% |

| Profit Before Tax | 29.19 | 165.46 | -82.36% |

| Tax Expenses | 20.48 | 37.81 | -45.83% |

| Net Profit After Tax | 8.71 | 127.65 | -93.18% |

| Basic EPS (₹) | 0.14 | 2.01 | -93.03% |

| Diluted EPS (₹) | 0.14 | 2.01 | -93.03% |

Capital Structure

  • Authorized Share Capital: ₹7,00,00,000 divided into 70,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹6,36,30,000 divided into 63,63,000 equity shares of ₹10 each
  • No change in capital structure during FY 2025-26

Related Party Transactions

Two material RPTs requiring shareholder approval:

1. M/s. AIK Pipes (Sole proprietorship of Mr. Imran Khan):

  • Relationship: Managing Director's concern
  • Transaction: Purchase/sale of goods
  • Limit: ₹5 crore
  • Previous year transactions: Nil

2. M/s. Pinky Enterprises (Sole proprietorship of mother of Mr. Imran Khan):

  • Relationship: Mother of Managing Director
  • Transaction: Purchase/sale of goods
  • Limit: ₹5 crore
  • Value as % of company turnover: 52.91%
  • Value as % of related party turnover: 888.099%
  • Previous year transactions: Nil

Board and Committee Details

  • Board Strength: 6 Directors (2 Executive, 2 Non-Executive Non-Independent, 2 Independent)
  • Board Meetings: 4 meetings held during FY 2025-26
  • Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee
  • Director Reappointment: Mr. Mohammad Hanif Khan (DIN: 10211298) retires by rotation

Key Managerial Personnel Changes

  • Ms. Harsha Shivnani (ACS 71172) appointed as Company Secretary and Compliance Officer effective 30th April 2026, replacing Ms. Himanshi Khandelwal who resigned on 29th April 2026
  • Other KMPs: Mr. Imran Khan (Managing Director), Mrs. Tahira Sheikh (CFO & Whole-time Director)

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26 to strengthen financial standing and working capital
  • Reserves: No amount transferred to reserves during the year

IPO Proceeds Utilization

  • Funds fully utilized as per prospectus objectives:
  • Capital Expenditure: ₹103.02 lakhs
  • Working Capital: ₹90.00 lakhs
  • General Corporate Purposes: ₹29.93 lakhs
  • Issue Expenses: ₹20.00 lakhs
  • Total: ₹1502.32 lakhs

Other Disclosures

  • Corporate Office: PLOT NO 29 Govindam Industries Park, Gram Sayu, Govindgarh, Jaipur, Rajasthan 303712
  • RTA: M/s Skyline Financial Services Private Limited, New Delhi
  • Banker: ICICI Bank Limited, Jaipur

Voting Arrangements

  • Remote e-voting: Through NSDL from 25th September 2026 (10:00 AM) to 29th September 2026 (5:00 PM)
  • Scrutinizer: Mr. Himanshu Khandelwal, Practicing Company Secretary
  • Results: To be declared within 2 working days from AGM conclusion