Key Financial Highlights (Standalone)

  • Total Income: ₹503.20 lakh (FY26) vs ₹308.20 lakh (FY25)
  • Profit Before Tax: ₹95.36 lakh (FY26) vs ₹13.18 lakh (FY25)
  • Net Profit After Tax: ₹70.85 lakh (FY26) vs ₹9.75 lakh (FY25)
  • Earnings Per Share (Basic): ₹0.68 (FY26) vs ₹2.44 (FY25)
  • Paid-up Capital: ₹520.00 lakh (post rights issue) vs ₹20.00 lakh (pre rights issue)

Annual General Meeting Details

  • 46th AGM Date: Monday, 29th June, 2026 at 04:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Book Closure: 22nd June, 2026 to 29th June, 2026 (both days inclusive)

AGM Agenda Items

Ordinary Business

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

2. Re-appointment of Ms. Lovely Ghanshyam Mutreja (DIN: 03307922) who retires by rotation

Special Business

3. Appointment of Mr. Amol Dinkar Nigudkar (DIN: 11720265) as Independent Director

4. Change in designation of Ms. Lovely Ghanshyam Mutreja from Managing Director to Executive Director (Marketing Director) with remuneration not exceeding 2% of sales

5. Change in designation of Mr. Kirit Ghanshyam Mutreja (DIN: 07514391) from Executive Director to Managing Director with monthly remuneration of ₹1,82,325

6. Note revised Practicing Chartered Accountant certificate pursuant to Regulation 45(1) of SEBI LODR

7. Approval of material related party transaction limits up to ₹5 crore with Apollo Ingredients India Private Limited

8. Alteration of Memorandum of Association to include new object clause for agricultural and food ingredients business

Corporate Structure Changes

  • Board Changes effective 15th May, 2026 (subject to shareholder approval):
  • Mr. James Mody resigned as Non-Executive Director
  • Ms. Lovely Ghanshyam Mutreja redesignated from Managing Director to Executive Director (Marketing Director)
  • Mr. Kirit Ghanshyam Mutreja redesignated from Executive Director to Managing Director
  • Mr. Amol Dinkar Nigudkar appointed as Additional Independent Director

Key Managerial Personnel

  • Managing Director: Kirit Ghanshyam Mutreja (from 15th May, 2026)
  • Executive Director: Lovely Ghanshyam Mutreja (from 15th May, 2026)
  • Chief Financial Officer: Lalita Ghanshyam Mutreja
  • Company Secretary & Compliance Officer: Ayushi Agrawal

Capital Structure Changes

  • Rights Issue: Completed on 12th August, 2025
  • Ratio: 25:1 (Twenty-Five Equity Shares for every One Equity Share held)
  • Shares allotted: 1,00,00,000 Equity Shares of ₹5 each
  • Proceeds raised: ₹5.00 crore
  • Paid-up capital increased from ₹20.00 lakh to ₹520.00 lakh

Utilization of Rights Issue Proceeds

  • ₹3.00 crore utilized for lease payments for land and building for 10 years from related party (deviation from original objects)
  • ₹28.00 lakh utilized against ₹30.00 lakh allocated for issue expenses
  • ₹2.00 lakh unutilized amount reallocated to working capital requirements
  • Deviation ratified by members at EGM held on 30th March, 2026

Related Party Transactions

  • Transaction with Apollo Ingredients India Private Limited:
  • Lease payment: ₹3.00 crore
  • Purchase of goods/services: ₹12.15 lakh
  • Outstanding payable: ₹1.18 lakh as of 31st March, 2026
  • Seeking shareholder approval for material related party transaction limit of ₹5 crore

Operational Performance

  • Business Outlook: Company positioning as integrated healthcare solutions provider with plans to expand into Ayurvedic, Homeopathic, Allopathic medicines, healthcare institutions, diagnostic centers, and wellness centers
  • New Business Diversification: Proposed expansion into agricultural, horticultural, and food ingredients business through alteration of MOA

Regulatory and Compliance Matters

  • Secretarial Audit: Conducted by Ravi Patidar & Associates with no major non-compliances reported
  • Statutory Audit: M/s. DMKH & Co. (Firm Registration No.: 116886W) continued as auditors
  • BSE Compliance: Company under Graded Surveillance Measures (GSM) by BSE Limited
  • SAT Matter: Hon'ble Securities Appellate Tribunal permitted withdrawal of appeal against BSE fines; directed payment of ₹2.06 lakh

Internal Financial Controls

  • Company maintains adequate internal financial controls systems
  • Internal audit conducted by Mr. Vivek Bharat Variya
  • Board confirms adequacy and operating effectiveness of internal controls

Dividend and Reserves

  • No dividend recommended for FY26 to conserve resources for growth
  • No amount transferred to reserves; entire profit retained in Statement of Profit and Loss

Shareholding Pattern

  • Promoter Group Holding: 66.58% (post rights issue)
  • Lovely Mutreja: 32.10% (33,38,220 shares)
  • Lalita Mutreja: 17.24% (17,93,190 shares)
  • Kirit Mutreja: 17.24% (17,93,290 shares)

Important Dates

  • Financial Year End: 31st March, 2026
  • Board Meeting Dates: 7 meetings held during FY26 on 29/05/2025, 01/07/2025, 12/08/2025, 02/09/2025, 14/11/2025, 14/02/2026, 05/03/2026
  • Audit Committee Meetings: 7 meetings held during FY26
  • Rights Issue Committee Meetings: 4 meetings held during FY26

Manufacturing Unit

A 121, Shrirampur MIDC, Dist. Ahmednagar - 413709, Maharashtra, India

Registrar and Transfer Agent

MUFG Intime India Pvt Ltd (Formerly Link Intime India Private Limited)

Auditor Emphasis Matters

1. Company has not maintained audit trail (edit log) in accounting software as required under Rule 3(1) of Companies (Accounts) Rules, 2014

2. Pending updation of revised company name on BSE Limited portal despite ROC approval received in November 2023