Key Corrections

  • Incorrect Name: Related party name incorrectly stated as "M/s AIK Pipes" in original AGM notice dated September 03, 2026
  • Correct Name: Should be read as "M/s AIK Pipes and Pumps" throughout the document
  • Scope: Correction limited only to the name of the related party; no other disclosures, financial statements or matters are affected
  • Effective Date: Correction effective from September 15, 2026

AGM Details

  • Date: Wednesday, September 30, 2026
  • Time: 01:00 PM IST
  • Mode: Video Conference or Other Audio Visual Means
  • Record Date: September 23, 2026

Business Items

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 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 and Pumps (Sole proprietorship of Mr. Imran Khan, Managing Director)

  • Transaction Type: Purchase/sale of goods
  • Amount: Up to ₹5,00,00,000 (Five Crore)
  • Period: From AGM date until conclusion of next AGM
  • Basis: Arm's length, ordinary course of business

4. Approval of material related party transactions with M/s Pinky Enterprises (Sole proprietorship of mother of Mr. Imran Khan)

  • Transaction Type: Purchase/sale of goods
  • Amount: Up to ₹5,00,00,000 (Five Crore)
  • Period: From AGM date until conclusion of next AGM
  • Basis: Arm's length, ordinary course of business

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹945.08 lakh (Previous: ₹2,509.70 lakh) - 62% decrease
  • Other Income: ₹40.30 lakh (Previous: ₹34.87 lakh)
  • Total Income: ₹985.38 lakh (Previous: ₹2,544.57 lakh)
  • Profit Before Tax: ₹29.19 lakh (Previous: ₹165.46 lakh) - 82% decrease
  • Net Profit After Tax: ₹8.71 lakh (Previous: ₹127.65 lakh) - 93% decrease
  • EPS Basic & Diluted: ₹0.14 (Previous: ₹2.01)
  • No Dividend recommended for FY 2025-26

Capital Structure

  • Authorized Share Capital: ₹7,00,00,000 (70,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹6,36,30,000 (63,63,000 equity shares of ₹10 each) - unchanged during FY

Key Financial Ratios (Significant Changes >25%)

  • Current Ratio: 2.05 (Previous: 2.64) - 22.16% decrease
  • Debt Equity Ratio: 33.68% (Previous: 25.44%) - 32.41% increase
  • Debt Service Coverage Ratio: (6.26) (Previous: 5.00) - 225.23% decrease
  • Return on Equity: 0.38% (Previous: 5.59%) - 93.19% decrease
  • Inventory Turnover Ratio: 1.55 (Previous: 3.48) - 55.43% decrease
  • Trade Receivables Turnover: 0.66 (Previous: 1.67) - 60.30% decrease
  • Net Profit Ratio: 0.92% (Previous: 5.09%) - 81.92% decrease

Related Party Transactions

With M/s AIK Pipes and Pumps:

  • Relationship: Sole proprietorship of Managing Director Mr. Imran Khan
  • Previous FY transactions: Nil
  • Financial performance of related party: Not available (incorporated April 09, 2026)

With M/s Pinky Enterprises:

  • Relationship: Sole proprietorship of mother of Mr. Imran Khan
  • Previous FY transactions: Nil
  • Related party FY25-26 financials: Turnover ₹56.30 lakh, Profit After Tax ₹5.40 lakh, Net Worth ₹2 crore
  • Value as % of listed entity's turnover: 52.91%
  • Value as % of related party's turnover: 888.099%

Board and Management

  • Total Directors: 6 (2 Executive, 2 Non-Executive Non-Independent, 2 Non-Executive Independent)
  • Key Managerial Personnel: Mr. Imran Khan (Managing Director), Mrs. Tahira Sheikh (CFO & Whole-time Director), Ms. Harsha Shivnani (Company Secretary)
  • Change in KMP: Ms. Harsha Shivnani appointed as Company Secretary effective April 30, 2026 replacing Ms. Himanshi Khandelwal

Auditors

  • Statutory Auditor: M/s R P Khandelwal & Associates (FRN: 001795C)
  • Secretarial Auditor: M/s H Khandelwal & Associates (FRN: S2020RJ747000)
  • Internal Auditor: M/s S A S H & Associates (FRN: 019934C)
  • Audit Reports: No qualifications, reservations or adverse remarks

Voting Arrangements

  • Remote e-voting period: September 25, 2026 (10:00 AM) to September 29, 2026 (5:00 PM)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Related parties to abstain from voting on Items 3 and 4 (RPT approvals)

Additional Information

  • Works: 29, Govindam Industrial Park, Govindgarh, Jaipur, Rajasthan 303712