AGM Details

  • Date: Thursday, September 10, 2026
  • Time: 12:30 PM (IST)
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Cut-off Date: Thursday, September 3, 2026 for determining voting rights
  • Remote e-Voting Period: September 7, 2026 (9:00 AM) to September 9, 2026 (5:00 PM)

Business to be Transacted

Ordinary Business

1. Adoption of Audited Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. Re-appointment of Shri Sanjay Rajgarhia (DIN: 00154167) who retires by rotation

Special Business

3. Ratification of Cost Auditors' Remuneration for FY 2026-27: ₹60,000 plus applicable taxes and reimbursement of out-of-pocket expenses to Shri Naresh Kumar Goel, Cost Accountant (Membership No.: 9876)

Financial Highlights (₹ in Lakhs)

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

| Revenue from Operations | 27,031 | 29,400 |

| Other Income | 186 | 131 |

| Total Revenue | 27,217 | 29,531 |

| Total Expenses | 27,069 | 29,895 |

| Profit/(Loss) before Exceptional Items and Tax | 148 | (364) |

| Exceptional Items* | (210) | 0 |

| Tax Expense | 204 | (303) |

| Profit/(Loss) After Tax | (266) | (61) |

| Total Comprehensive Income | (237) | (53) |

| EPS (₹) | (1.23) | (0.28) |

*Exceptional items comprise loss on sale of Property, Plant and Equipment (₹195 lakhs), employee benefits expense from proposed new labour laws (₹58 lakhs), and compensation income from real estate developer (₹43 lakhs).

Operational Performance

  • Production: 174 lakh kilograms (decreased from 194 lakh kilograms in previous year)
  • Revenue Decline: Approximately 8% due to subdued market demand and manpower shortage
  • Production Capacity: Reduced from 55,296 to 49,536 spindles due to sale of obsolete machinery
  • Export Activities: None during FY 2025-26
  • Solar Power Generation: 30.37 lakh kWh from 2.72 MW plant, representing 8.02% of total power consumption

Capital Structure

  • Authorized Share Capital: ₹7.50 crores (Equity: ₹4.50 crores, Preference: ₹3.00 crores)
  • Paid-up Share Capital: ₹4.32 crores comprising 2,16,11,360 equity shares of ₹2 each
  • No change in share capital during FY 2025-26

Directors and Key Managerial Personnel

  • Board Composition: 6 Directors (3 Independent, including 1 Woman Director)
  • Director Seeking Re-appointment: Shri Sanjay Rajgarhia (DIN: 00154167), Non-Executive Director, holds 7,38,000 shares (3.41%)
  • Key Managerial Personnel: Hari Ram Sharma (Managing Director), Chandra Shekhar Vijay (CFO), Neha Goel (Company Secretary)

Auditor Appointments

  • Statutory Auditors: Chaturvedi & Partners (FRN: 307068E) reappointed until 53rd AGM
  • Secretarial Auditors: RSM & Co. (Peer Review Certificate No.: 7415/2025) appointed for 5 years
  • Cost Auditor: Shri Naresh Kumar Goel reappointed for FY 2026-27 at ₹60,000 plus taxes
  • Internal Auditors: M M Sharma & Co. (FRN: 001797N) reappointed for FY 2026-27

Corporate Governance

  • Board Meetings: 5 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (4), Nomination & Remuneration (2), Stakeholders Relationship (2), CSR (3)
  • Whistleblower Policy: No complaints received during the year
  • Sexual Harassment: No complaints received or pending

CSR Activities

  • CSR Expenditure: ₹21.34 lakhs (including ₹0.21 lakhs set-off from previous year)
  • CSR Obligation: ₹21.10 lakhs (2% of average net profit of ₹1,065.30 lakhs)
  • Focus Areas: Health, Education, Animal Welfare

Contingent Liabilities (₹ in Lakhs)

  • JVVNL Demand: ₹1,042 lakhs (Electricity duty and charges dispute)
  • Income Tax Demand: ₹7 lakhs (recovered from refund due)
  • GST Demand: ₹3 lakhs (paid under protest)

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Details provided in Note 49 to Financial Statements.

Dividend

No dividend recommended for FY 2025-26 due to losses incurred.

Registrars and Share Transfer Agents

Skyline Financial Services Private Limited, Delhi

Important Dates

  • AGM Date: September 10, 2026
  • Remote e-Voting: September 7-9, 2026
  • Financial Results Dates for 2026-27: Q1 (August 5, 2026), Q2 (October 22, 2026), Q3 (February 12, 2027), Annual (May 14, 2027)

Electronic Communication

Annual report sent electronically to members with registered email IDs. Physical copies available on request.

Voting Arrangements

  • e-Voting through NSDL facilities
  • VC/OAVM facility for AGM attendance
  • Scrutinizer: RSM & Co. (Mr. Ravi Sharma and/or Ms. Suman Pandey)

Financial Statements

Includes Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Notes to Accounts, and Auditors' Reports (Statutory, Secretarial, and Cost).

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