AGM Details

  • Date: Wednesday, September 30, 2026
  • Time: 04:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Cut-off Date for voting: September 23, 2026
  • Remote e-voting period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Business to be Transacted

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 and report of Auditors

3. Re-appointment of Ms. Zahra Mufaddal Deesawala (DIN: 10238279) as Director retiring by rotation

Special Business

4. Ratification of remuneration of ₹1,25,000 plus applicable taxes and expenses to M/s. Lavanya and Associates LLP, Cost Accountants (Firm Registration No. 007163) as Cost Auditor for FY 2026-27

5. Special Resolution to approve revision in overall borrowing powers under Section 180(1)(c) of Companies Act, 2013 up to ₹450 crore

6. Special Resolution to approve creation of securities/mortgage/charge on company assets under Section 180(1)(a) of Companies Act, 2013 up to ₹450 crore

7. Special Resolution to approve enhancement in limits of investments, loans, guarantees, securities under Section 186 of Companies Act, 2013 up to ₹450 crore

Financial Performance Highlights (Standalone)

FY 2025-26 vs FY 2024-25

  • Revenue from Operations: ₹12,324.99 lakh vs ₹9,405.19 lakh (31.04% increase)
  • Other Income: ₹68.61 lakh vs ₹37.84 lakh
  • Total Income: ₹12,393.60 lakh vs ₹9,443.03 lakh
  • Profit Before Tax: ₹891.23 lakh vs ₹1,069.40 lakh (16.65% decrease)
  • Profit After Tax: ₹633.93 lakh vs ₹768.39 lakh (17.50% decrease)
  • EPS: ₹5.62 vs ₹9.28

Consolidated Performance

  • Revenue from Operations: ₹12,324.99 lakh vs ₹9,405.18 lakh
  • Profit After Tax: ₹633.93 lakh vs ₹768.39 lakh

Key Financial Ratios (FY25-26 vs FY24-25)

  • Debtors Turnover: 6.23 times vs 5.92 times
  • Current Ratio: 1.31 times vs 1.19 times
  • Inventory Turnover: 1.62 times vs 1.29 times
  • Interest Coverage Ratio: 2.46 times vs 3.05 times
  • Operating Profit Margin: 15.65% vs 20.20%
  • Net Profit Margin: 5.14% vs 8.17%
  • Debt Equity Ratio: 1.00 times vs 2.10 times
  • Return on Net Worth: 11.59% vs 35.16%

Capital Structure

  • Authorized Share Capital: ₹12.00 crore (1,20,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹11.28 crore (1,12,80,000 equity shares of ₹10 each)
  • Listing: BSE SME Platform (October 6, 2025)

IPO Utilization (as of March 31, 2026)

The company raised ₹30.00 crore through IPO in October 2025:

  • Capital Expenditure: ₹12.26 crore utilized out of ₹16.69 crore allocated
  • Debt Repayment: ₹5.95 crore fully utilized
  • General Corporate Purpose: ₹3.44 crore fully utilized
  • Issue Expenses: ₹3.35 crore utilized out of ₹3.92 crore allocated
  • Unutilized Amount: ₹5.00 crore temporarily invested in fixed deposits

Key Management Personnel

  • Chairman & Managing Director: Mufaddal Najmuddin Deesawala (DIN: 02243284)
  • Whole Time Director: Sakina Mufaddal Deesawala (DIN: 02369977)
  • Executive Director: Fatema Mufaddal Deesawala (DIN: 08898074)
  • Non-Executive Director: Zahra Mufaddal Deesawala (DIN: 10238279)
  • Independent Directors: Jayasudha Kapoor (DIN: 01056417), Asfia Moin (DIN: 10718603)
  • Company Secretary & Compliance Officer: Srinivasan Chakravarthi
  • CFO: Kaushik Mehta (appointed w.e.f. August 29, 2026, replacing Tejaswini Kandra who resigned w.e.f. July 28, 2026)

Auditor Appointments

  • Statutory Auditor: M M Reddy & Co., Chartered Accountants (FRN: 010371S)
  • Cost Auditor: Lavanya and Associates LLP (Firm Registration No. 007163) - remuneration ₹1,25,000 for FY26-27
  • Internal Auditor: Hari Krishna & Associates, Chartered Accountants
  • Secretarial Auditor: Surya Bhargav & Associates, Company Secretaries

Corporate Actions

  • Dividend: No dividend declared for FY 2025-26
  • Bonus Issue: Issued 59,80,000 bonus shares in ratio 13:5 in FY 2024-25
  • Borrowing Limits: Seeking shareholder approval to increase borrowing limits to ₹450 crore

Operational Highlights

  • Factory Location: Plot No. 3, Sy. No. 228/9, Kucharam Village, Manoharabad Mandal, Medak, Telangana-502336
  • Products: Elastomeric Bridge Bearings, POT-PTFE Bearings, Spherical Bearings, Expansion Joints, Composite Grooved Rubber Sole Plates, UIC Rubber Vestibules, Rubberized Railway Crossing Pads, Rubber Sheets, Gym Mats, and other commercial rubber products
  • Major Customers: Indian Railways, infrastructure companies, construction firms
  • Export Markets: Decline in export sales to ₹2.19 crore from ₹10.27 crore in previous year

Subsidiary Information

  • Ameenji Rubber Inc (USA): 90% subsidiary incorporated on June 21, 2024. No business operations or financial impact as of March 31, 2026. Subscription consideration of $1.87 lakh remains unpaid.

CSR Activities

  • CSR Obligation: ₹13.88 lakh (2% of average net profit)
  • CSR Expenditure: ₹13.88 lakh spent on public healthcare project through Zahra Hasanat Trust (CSR Registration No. CSR00063689)
  • Additional: ₹7.89 lakh spent on previous year's unspent obligation

Contingent Liabilities (as of March 31, 2026)

  • Guarantees: ₹194.48 lakh
  • Income Tax Demand: ₹56.25 lakh
  • GST Demand: ₹141.75 lakh
  • Total: ₹397.90 lakh

Related Party Transactions

Key transactions with related parties:

  • Rent Expense: ₹35.40 lakh to ABJ Rubber Metalico
  • Director Remuneration: ₹20.40 lakh to Mufaddal N Deesawala, ₹30.00 lakh to Sakina Deesawala, ₹18.00 lakh each to Fatema and Zahra Deesawala
  • Trade Receivables: ₹134.22 lakh from ABJ Rubber Metalico
  • Loans from Directors: ₹16.92 lakh from Mufaddal N Deesawala, ₹11.25 lakh from Sakina Deesawala

Employee Information

  • Total Employees: 56 permanent employees
  • Median Remuneration Increase: 10%
  • Managerial Remuneration Increase: 0%
  • Gratuity Liability: ₹37.17 lakh (₹32.01 lakh non-current, ₹5.16 lakh current)

Important Dates

  • AGM: September 30, 2026
  • Financial Year End: March 31
  • Half-yearly Results: September 30, 2026 (by November 14, 2026), March 31, 2027 (by May 30, 2027)

Registrars and Share Transfer Agents

Bigshare Services Private Limited, Mumbai

Bankers

Punjab National Bank, Karnataka Bank Limited, HSBC Bank, Kotak Mahindra Bank

#Tags: #AmeenjiRubber #AnnualReport #FY2026 #AGM #SEBIDisclosure #FinancialResults #RubberIndustry #BSE