Key Quantitative Figures

  • Net Profit for FY 2025-26: ₹1,60,973 (₹1.61 lakh)
  • Other Income: ₹25,520
  • Interest received on Loan: ₹23,550
  • Short Term Capital Gain: ₹1,970
  • Total Expenses: ₹23,460
  • Employee Benefit Expense: ₹7,370
  • Other Expenses: ₹16,060 (includes Annual Custody Fees ₹3,770, Listing Compliance Fees ₹3,910, Travelling Expense ₹3,350)
  • Cash & Cash Equivalents (as of 31.03.2026): ₹59,190
  • Investments (Non-current): ₹376.97 lakh
  • Quoted Equity Shares: ₹226.97 lakh (includes 25,700 shares of GLL&F Limited, 11,475,000 shares of Regis Industries Limited)
  • Preference Shares: ₹150 lakh (Lakhajiraj Developers Private Limited)
  • Loans (Non-current): ₹304.03 lakh (Unsecured, considered good)
  • Share Capital: ₹660.69 lakh (66,069,000 equity shares of ₹1 each)
  • Other Equity: Negative ₹121.10 lakh
  • Current Liabilities: ₹202.60 lakh

Dates of Action

  • AGM Date: 24th September 2026 at 03:00 P.M.
  • Board Meeting Dates: 19.05.2025, 24.07.2025, 05.11.2025, 02.02.2026
  • Register Closure Date: 17th September 2026 to 24th September 2026
  • Remote E-voting Period: 21st September 2026 (09:00 A.M.) to 23rd September 2026 (05:00 P.M.)
  • Director Appointment: Albert Hines appointed as Whole-time Director & CFO w.e.f. 02.02.2026

Parties Involved

  • Statutory Auditors: M/s. Bipin & Co., Chartered Accountants, Vadodara (FRN 101509W)
  • Secretarial Auditors: M/s. Daksha Negi & Associates, Company Secretaries
  • Share Transfer Agent: M/s. Satellite Corporate Services Private Limited, Mumbai
  • Regulators: BSE Limited, SEBI

Purpose/Rationale

  • To comply with SEBI Listing Regulations for annual report submission.
  • To seek shareholder approval for adoption of financial statements and appointment of Albert Hines as Whole-time Director & CFO.

Financial Impact

  • No operational revenue generated during FY 2025-26.
  • Net profit of ₹1.61 lakh primarily from interest income and capital gains.
  • No dividend recommended due to accumulated losses.
  • No material impact on capital structure; share capital remains unchanged.

Capital Structure Impact

  • No change in issued, subscribed, and paid-up share capital during the year.
  • No dilution or change in promoter holding reported.

Cash Flow Implications

  • Net cash flow from operating activities: ₹105.67 (negative)
  • Net cash flow from investing activities: ₹162.64 (positive)
  • Net increase in cash & cash equivalents: ₹56.97

Forward-looking Guidance

  • The company did not carry out any business activities during the year and is seeking opportunities to become operational.
  • Management highlighted reliance on commencement of operational activities for future development.

Material Changes

  • Resignation of Dineshkumar Rathod as Whole-time Director and CFO w.e.f. 02.02.2026.
  • Appointment of Albert Hines as Whole-time Director & CFO w.e.f. 02.02.2026.
  • Appointment of Soni Pandiya as Company Secretary w.e.f. 15.04.2026; resignation of Minal Lakhani w.e.f. 15.04.2026.

Compliance Status

  • Auditors issued an unmodified opinion on financial statements.
  • Secretarial audit report noted qualifications regarding non-compliance with certain SEBI LODR regulations and non-appointment of internal auditor.
  • Company not required to comply with corporate governance provisions due to below-threshold paid-up capital and net worth.