Key Dates

  • 51st AGM Date: September 29, 2026 at 2:30 PM IST
  • Record Date for Dividend: September 22, 2026
  • Remote E-voting Period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Financial Year Ended: March 31, 2026

Financial Performance Highlights (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 | Change |

| Total Income | 516.66 | 4,379.16 | -88.20% |

| Profit Before Tax | 8.79 | 74.49 | -88.20% |

| Profit After Tax | 6.15 | 55.03 | -88.83% |

| Basic EPS (₹) | 3.00 | 26.85 | -88.83% |

| Diluted EPS (₹) | 3.00 | 26.85 | -88.83% |

Dividend Declaration

The Board has recommended a final dividend of 5% (₹0.50 per equity share of ₹10 each) for FY 2025-26, subject to shareholder approval at the AGM.

Change in Control and Management

During November 2025, Mrs. Gitaben Nitinbhai Patel acquired 1,50,599 equity shares (75.30% of paid-up capital) from outgoing promoters Mr. Bhagwanji Narsi Patel and Mr. Utkarsh Goyal, resulting in a change in control. Consequently:

New Appointments (w.e.f. November 4-5, 2025):

  • Mrs. Ekta Shyamlal Haryani as Managing Director (DIN: 11308356)
  • Mr. Nilesh Hasmukhbhai Kothari as Non-Executive Director (DIN: 10587794)
  • Mr. Harinarayan Ramanand Tripathi as Independent Director
  • Mr. Hardikkumar Dhirubhai Jetani as Independent Director
  • Mr. Jigar Nemichand Jain as Independent Director
  • Mr. Ankur Vasudevbhai Patel as Chief Financial Officer
  • Mrs. Namrata Sureshkumar Jain as Company Secretary & Compliance Officer

Resignations (w.e.f. November 4, 2025):

  • Mr. Bhagwanji Narsi Patel (Managing Director)
  • Mr. Utkarsh Goyal (Director & CFO)
  • Mr. Manish Heeralal Chandak (Independent Director)
  • Mrs. Sandhya Krishna Karanjavkar (Independent Director)
  • Mr. Ravi Dinesh Kothari (Company Secretary)

Share Capital Changes

  • Authorized Share Capital: ₹10,00,00,000 (1,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: Increased from ₹20,00,000 to ₹20,49,400
  • Bonus Issue: 4,940 equity shares issued in 1:10 ratio to public shareholders (excluding promoters) to meet minimum public shareholding requirements
  • Total Shares Outstanding: 2,04,940 equity shares as of March 31, 2026

Registered Office Change

The registered office was shifted from Thane, Maharashtra to Ahmedabad, Gujarat effective April 1, 2026.

New Address: 5th Floor, 505, 3rd Eye Vision, Opp. Shivalik Plaza, Panjarapole, IIM Road, Ahmedabad – 380015, Gujarat

Business Operations

The company continues its business of manufacturing, supply and erection of Pre-Engineered Building (PEB) systems, structural steel fabrication and allied construction materials. During the year, the company expanded its Main Objects clause to enable diversification into real estate, infrastructure, textiles, education, and other sectors, though no change occurred in actual business operations during FY25-26.

Auditor Appointments

  • Statutory Auditors: M/s. DMKH & CO., Chartered Accountants (FRN: 116886W) complete their term. The board recommends appointment of M/s. Nitin K Shah & Co., Chartered Accountants (FRN: 107140W) for a 5-year term at remuneration of ₹75,000 per annum plus applicable taxes.
  • Secretarial Auditor: M/s. Pitroda Nayan & Co., Practicing Company Secretaries
  • Internal Auditor: M/s Varun Golechha & Associate, Chartered Accountants

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Change | Reason |

| Current Ratio | 23.27 | 1.29 | +1710.02% | Decrease in trade receivables |

| Return on Capital Employed | 5.24% | 46.13% | -88.63% | Decrease in operating income |

| Trade Receivables Turnover | 1.93 | 10.80 | -82.14% | Decrease in sales turnover |

| Return on Equity | 3.74% | 41.07% | -90.90% | Decrease in operating income |

| Net Profit Ratio | 1.19% | 1.26% | -5.28% | Decrease in operating income |

| Trade Payables Turnover | 1.70 | 9.15 | -81.40% | Decrease in trade payable |

Board Meetings and Attendance

8 Board meetings were held during FY25-26. All newly appointed directors attended 4 out of 4 meetings they were eligible for.

AGM Agenda Items

1. Adoption of audited financial statements for FY25-26

2. Declaration of final dividend of 5% (₹0.50 per share)

3. Re-appointment of Mr. Nilesh Hasmukhbhai Kothari who retires by rotation

4. Appointment of M/s. Nitin K Shah & Co. as statutory auditors for 5 years

Compliance Status

The secretarial audit report noted one qualification: delay in publishing newspaper advertisement for September 2025 quarter results during the previous management tenure. The new management has strengthened compliance mechanisms.

Other Key Information

  • No subsidiaries, associates or joint ventures
  • No deposits accepted from public
  • No material orders from regulators/courts affecting going concern status
  • No fraud reported by auditors
  • Employee strength: 3 permanent employees
  • Vigil mechanism/whistle blower policy in place