Detailed Summary

Financial Performance Highlights (FY 2025-26)

  • Revenue from operations: ₹3,899.25 lakhs (Previous year: ₹3,367.98 lakhs)
  • Other Income: ₹80.02 lakhs (Previous year: ₹50.66 lakhs)
  • Total Income: ₹3,907.26 lakhs (Previous year: ₹3,373.04 lakhs)
  • Profit before tax: ₹1,114.45 lakhs (Previous year: ₹995.73 lakhs)
  • Profit after tax: ₹816.92 lakhs (Previous year: ₹741.39 lakhs)
  • Earnings per share (Basic & Diluted): ₹6.45 (Previous year: ₹5.86)
  • Total Comprehensive Income: ₹820.13 lakhs (Previous year: ₹741.60 lakhs)

Dividend Declaration

  • Recommended final dividend of ₹0.75 per equity share (15% of face value ₹5)
  • Record date fixed as June 19, 2026
  • Dividend payment scheduled on or after July 29, 2026, subject to approval at AGM
  • Book closure from June 24, 2026 to June 30, 2026

Annual General Meeting Details

  • Date: Tuesday, June 30, 2026
  • Time: 12:00 PM
  • Mode: Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Deemed venue: Registered Office at S. No. 132, H No. 1/4/1, Premraj Industrial Estate, Shed No. B-2,3,4, Dalviwadi, Nanded Phata, Pune – 411 041

Business to be Transacted

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26

2. Declaration of final dividend of ₹0.75 per equity share

3. Re-appointment of Mrs. Sarika Bhise (DIN: 06987209) as Director retiring by rotation

Special Business

4. Re-appointment of M/s. Sark & Associates LLP as Secretarial Auditors for 5 years from April 1, 2026 to March 31, 2031 at remuneration of ₹1,20,000 plus applicable taxes

5. Approval of related party transactions with Shiv Shakti Enterprises for purchase of materials up to ₹60 crores for FY 2026-27

6. Re-appointment of Mr. Ketan Harilal Mehta (DIN: 01238700) as Managing Director for 5 years from April 1, 2026 to March 31, 2031

  • Monthly salary: ₹11,66,667
  • Perquisites: Personal accident insurance, medical reimbursement, company-provided car and driver
  • Total remuneration: ₹1,40,00,000 per annum
  • In case of inadequacy of profits, remuneration to be paid as per Schedule V of Companies Act, 2013

7. Approval of remuneration of Mrs. Sarika Bhise, Director, at ₹13,00,000 per annum for FY 2026-27

Board of Directors & Key Managerial Personnel

  • Mr. Ketan Mehta - Managing Director
  • Ms. Sarika Bhise - Executive Director
  • Ms. Dhruvi Sanghvi - Non-Executive Independent Director
  • Mr. Dhirendra Mehta - Non-Executive Independent Director
  • Mr. Atul Thakkar - Non-Executive Independent Director
  • Mr. Dharmendra Mehta - Non-Executive Independent Director
  • Mr. Darshan Sanghavi - Non-Executive Independent Director
  • Pranali Bhatade (Pranali More) - Chief Financial Officer
  • Ms. Shriddha Gupta - Company Secretary & Compliance Officer

Committee Composition

  • Audit Committee: Mr. Dhirendra Mehta (Chairman), Mr. Ketan Mehta, Mr. Atul Thakkar, Mr. Darshan Sanghavi
  • Nomination & Remuneration Committee: Mr. Dhirendra Mehta (Chairman), Mrs. Dhruvi Sanghvi, Mr. Atul Thakkar
  • Stakeholders Relationship Committee: Mr. Dhirendra Mehta (Chairman), Mr. Ketan Mehta, Mrs. Dhruvi Sanghvi
  • Corporate Social Responsibility Committee: Mr. Ketan Mehta (Chairman), Mr. Dhirendra Mehta, Mr. Sarika Bhise

Auditors

  • Statutory Auditors: M/s Bilimoria Mehta and Co., Chartered Accountants (Firm Registration No. 101490W)
  • Secretarial Auditors: M/s Sark & Associates LLP (LLPIN: ACA-4736)
  • Internal Auditors: M/s U. D. Kachare & Co., Chartered Accountants

Share Capital

  • No change in share capital during the year
  • Issued, subscribed and paid-up equity share capital: ₹633.02 lakhs (1,26,60,480 equity shares of ₹5 each)

Transfer to Reserves

  • No amount transferred to general reserves for the year under review

Deposits

  • Company has not accepted any deposits from public

Loans, Guarantees and Investments

  • No loans, guarantees or investments covered under Section 186 of Companies Act, 2013 provided during the year

Material Changes and Commitments

  • No material changes and commitments affecting the financial position of the Company

Significant Orders

  • No significant material orders passed by regulators, courts or tribunals impacting going concern status

Corporate Social Responsibility (CSR)

  • CSR expenditure for FY 2025-26: ₹16,57,618.20
  • Major CSR activities included:
  • Wheel chair distribution for handicapped & senior citizens: ₹21,000
  • Tree plantation: ₹3,00,000
  • Construction of school building: ₹4,00,000
  • Donation in mandir activities: ₹1,00,000
  • Cow seva: ₹8,36,618

Related Party Transactions

  • All transactions with related parties were in ordinary course of business and at arm's length basis
  • Major transactions include:
  • Purchases from Shiv Shakti Enterprises: ₹3,015.31 lakhs
  • Rent paid to Ketan Mehta: ₹29.23 lakhs
  • Rent paid to Mrs. Chhaya K Mehta: ₹18.28 lakhs
  • Remuneration to Ketan Mehta: ₹136.50 lakhs
  • Remuneration to Sarika Bhise: ₹10.46 lakhs

Board Meetings

  • 5 Board meetings held during the year on: May 13, 2025; August 11, 2025; November 10, 2025; January 29, 2026; March 30, 2026
  • 100% attendance by all directors in all meetings

Internal Financial Controls

  • Adequate internal financial controls systems commensurate with size and operations
  • Systems routinely tested and certified by statutory and internal auditors

Risk Management

  • Well-defined risk management framework in place
  • Main risks include dependence on foreign suppliers for electrical steel and price fluctuations

Vigil Mechanism

  • Whistle Blower Policy in place for stakeholders to report genuine concerns

Sexual Harassment

  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013

Investor Education and Protection Fund (IEPF)

  • Unclaimed dividend for FY 2018-19 due for transfer to IEPF on November 5, 2026
  • During the year, 8,15,412 equity shares transferred to IEPF

E-Voting Instructions

  • Remote e-voting period: June 27, 2026 (9:00 AM) to June 29, 2026 (5:00 PM)
  • Cut-off date for e-voting: June 23, 2026
  • E-voting service provider: Purva Sharegistry (India) Private Limited

Unclaimed Dividend

  • Details of unclaimed dividend available on company website
  • Final dividend for FY 2018-19 last date for claiming: November 5, 2026

Additional Information

  • Company has not been declared wilful defaulter by any bank/financial institution
  • No proceedings initiated under Benami Transactions Act
  • No transactions with struck off companies
  • No charges pending registration with ROC beyond statutory period
  • No crypto currency or virtual currency transactions

Auditors' Reports

  • Statutory auditors issued unqualified opinion
  • Secretarial audit report contains no qualifications, reservations or adverse remarks
  • Internal audit report contains no qualifications or reservations