Key Quantitative Figures

  • FY26 Income from Operations: ₹8.26 lakhs (FY25: ₹42.42 lakhs)
  • FY26 Total Expenses: ₹23.51 lakhs (FY25: ₹26.12 lakhs)
  • FY26 Loss Before Tax: ₹15.25 lakhs (FY25: Profit ₹16.30 lakhs)
  • FY26 Net Loss: ₹15.25 lakhs (FY25: Net Profit ₹12.57 lakhs)
  • FY26 EPS: (₹0.080) (FY25: ₹0.066)
  • Authorized Share Capital: ₹20,00,00,000
  • Paid-up Share Capital: ₹18,94,77,000
  • Cash & Cash Equivalents: ₹91,18,539 (FY25: ₹26,67,220)
  • Total Assets: ₹19,91,23,769 (FY25: ₹20,03,54,909)
  • Total Equity: ₹19,58,57,460 (FY25: ₹19,73,82,120)

Dates of Action

  • AGM Date: Tuesday, September 29th, 2026 at 10:00 a.m.
  • Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • E-voting Period: September 26, 2026 (9 a.m.) to September 28, 2026 (5 p.m.)
  • Cut-off Date for E-voting: September 22, 2026
  • Financial Year End: March 31, 2026
  • Board Meeting Dates: Seven meetings held on May 30, 2025; August 12, 2025; September 6, 2025; September 17, 2025; November 12, 2025; February 12, 2026; March 12, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrar & Share Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Statutory Auditors: Vinod S Mehta & Co., Chartered Accountants (resigned w.e.f August 14, 2026); S C L J & Associates Chartered Accountants (FRN: 036048C) proposed as replacement
  • Secretarial Auditor: Ramesh Chandra Bagdi & Associates Company Secretaries
  • Banker: Indian Bank, Nepean Sea Road Branch
  • Scrutinizer for E-voting: Ramesh Chandra Bagdi & Associates

Board Composition Changes

Directors as of March 31, 2026:

  • Kirti Jethalal Doshi (Managing Director, DIN: 01964171)
  • Somnath Vaijnath Kumbhar (Independent Director, resigned w.e.f 25.05.2026)
  • Sheetal Ganatra (Independent Director, resigned w.e.f 25.05.2026)
  • Pankaj Ramesh Jain (Additional Independent Director, appointed w.e.f 17.09.2025)
  • Sugandha Narayan Jagtap (Independent Director, appointed w.e.f 12.03.2026)
  • Ravi Rakesh Gupta (Additional Director, appointed w.e.f 28.05.2026)
  • Narany Ramesh Vishawkarma (Additional Independent Director, appointed w.e.f 03.04.2026)

Key Managerial Personnel:

  • Payal Maheshwari (Company Secretary, appointed w.e.f 29/05/2026)
  • Ravi Rakesh Gupta (CFO, appointed w.e.f 28.05.2026)

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Reappointment of Mr. Kirti Jethalal Doshi who retires by rotation

Special Business:

3. Regularization of Mr. Pankaj Ramesh Jain as Independent Director for 5 years from September 17, 2025

4. Regularization of Mr. Narany Ramesh Vishawkarma as Independent Director for 5 years from April 3, 2026

5. Regularization of Mr. Ravi Rakesh Gupta as Executive Director

6. Appointment of M/s S C L J & Associates Chartered Accountants as Statutory Auditors to fill casual vacancy caused by resignation of Vinod S Mehta & Co

7. Appointment of M/s Ramesh Chandra Bagdi & Associates as Secretarial Auditors for 5 years from FY 2026-27 to 2030-31

Financial Performance Analysis

  • Revenue Decline: 80.5% decrease from ₹42.42 lakhs to ₹8.26 lakhs YoY
  • Expense Reduction: 10% decrease from ₹26.12 lakhs to ₹23.51 lakhs
  • Profitability Shift: From profit of ₹16.30 lakhs to loss of ₹15.25 lakhs at PBT level
  • Tax Expense: ₹3.73 lakhs in FY25, no tax expense in FY26 due to loss
  • No Dividend: Board did not recommend any dividend for FY26
  • Reserves: No amount transferred to reserves

Capital Structure Impact

  • No change in share capital during FY26
  • No issuance of shares, convertible securities, or stock options
  • Promoter holding: Kirti Jethalal Doshi holds 24,34,006 equity shares (12.85%)

Corporate Governance Compliance

  • Corporate governance provisions not applicable as paid-up capital (₹18.95 crores) and net worth do not exceed thresholds
  • Seven board meetings held during FY26
  • Three committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
  • Whistle Blower Policy and Code of Conduct in place
  • No instances of sexual harassment reported

Auditor Matters

  • Statutory auditors Vinod S Mehta & Co resigned effective August 14, 2026
  • Proposed new auditors: S C L J & Associates Chartered Accountants (FRN: 036048C)
  • Secretarial audit report noted several compliance observations including delayed filings, SDD non-compliance, and corporate governance report discrepancies
  • Audit fees: ₹25,000 for FY26

Material Changes Post Year-End

  • Resignation of two independent directors (Sheetal Ganatra and Somnath Kumbhar) effective May 25, 2026
  • Appointment of new Company Secretary (Payal Maheshwari) effective May 29, 2026
  • Appointment of new CFO (Ravi Rakesh Gupta) effective May 28, 2026

Other Significant Disclosures

  • Company engaged in textile manufacturing and exporting
  • No subsidiaries, joint ventures or associate companies
  • No deposits accepted under Companies Act, 2013
  • No material related party transactions
  • No corporate social responsibility applicable due to size thresholds
  • No material orders passed by regulators/courts
  • Physical share dematerialization encouraged as per SEBI circulars

#Tags: #AmitInternational #FY2026Results #AGMNotice #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral