Key Financial Figures (₹ in lakhs)

  • Total Income: 20.43 (Previous year: 21.58)
  • Total Expenditure: 49.39 (Previous year: 17.18)
  • Profit/(Loss) Before Tax: (28.96) (Previous year: 4.40)
  • Net Profit/Loss: (28.96) (Previous year: 4.40)
  • No dividend recommended due to insufficient profits
  • No amount transferred to General Reserves

AGM Details

  • Date: 29th September, 2026 at 01.00 P.M. IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off Date for voting rights: 22nd September, 2026
  • Remote e-voting period: 26th September (9:30 AM) to 28th September (5:00 PM), 2026

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY 2025-26

2. Re-appointment of Mr. Dinesh Dhangare (DIN: 11418438) who retires by rotation

Special Business

3. Appointment of Mr. Dinesh Dhangare as Director

4. Appointment and change in designation of Mr. Dinesh Dhangare from Director to Managing Director for 5 years (15th December 2025 to 14th December 2030)

5. Appointment of Mr. Santosh Hambare (DIN: 11523270) as Director

6. Appointment of Mr. Eknath Bade (DIN: 11523239) as Non-Executive Independent Director for 5 years (5th February 2026 to 4th February 2031)

Board and Management Changes

Appointments during FY 2025-26:
  • Mr. Dinesh Dhangare appointed as Additional Director from 15th December 2025
  • Mr. Eknath Bade appointed as Additional Director (Non-Executive Independent) from 5th February 2026
  • Mr. Santosh Hambare appointed as Additional Director (Non-Executive Non-Independent) from 5th February 2026
  • Ms. Gauri Agarwal appointed as Company Secretary and Compliance Officer
Resignations during FY 2025-26:
  • Mr. Nitin Kumar Bhalotia (Managing Director) resigned on 14th May 2025
  • Ms. Baljeet Kaur (Executive Director) resigned on 15th December 2025
  • Mr. Shashi Raghavan Acharya (Non-Executive Independent Director) resigned on 13th February 2026
  • Mr. Chanakya Chirag Agarwal (Whole-Time Director) resigned on 13th February 2026
  • Mr. Pravin Chauhan (CFO) resigned on 14th May 2025

Registered Office Changes

  • Shifted from INS Tower, Bandra Kurla Complex to WeWork Enam Sambhav, Bandra Kurla Complex with effect from 14th May 2025
  • Subsequently shifted to WeWork Oberoi Commerz II, Goregaon East with effect from 17th June 2026
  • Both shifts within Mumbai, Maharashtra under same ROC jurisdiction

Key Financial Position (as at 31st March 2026)

  • Equity Share Capital: ₹150.00 lakhs (15,00,000 shares of ₹10 each)
  • Other Equity: (₹116.10) lakhs
  • Trade Receivables: ₹36.66 lakhs
  • Short-term Loans and Advances: ₹31.60 lakhs
  • Cash and Cash Equivalents: ₹6.20 lakhs
  • Long-term Borrowings (unsecured, from related parties): ₹43.11 lakhs
  • Current Tax Asset: ₹0.33 lakhs

Auditor Appointments

  • Statutory Auditors: M/s BM Gattani & Associates, Chartered Accountants (appointed until 34th AGM)
  • Secretarial Auditors: M/s. HRU & Associates, Practicing Company Secretaries
  • Internal Auditors: M/s. C. C. Patil & Co.

Regulatory Compliance Issues

As per Secretarial Audit Report (Form MR-3):

  • Company had not appointed a Woman Director as required under Section 149 of Companies Act, 2013
  • Composition of Board of Directors and Audit Committee not in compliance with applicable provisions
  • Company had not appointed Key Managerial Personnel as required under Section 203
  • Website not maintained in accordance with Regulation 46 of SEBI LODR Regulations

Other Material Disclosures

  • Company does not have any subsidiaries, joint ventures or associate companies
  • No material related party transactions requiring disclosure
  • No deposits accepted from public during the year
  • No frauds reported by auditors under Section 143(12)
  • No application or proceeding pending under Insolvency and Bankruptcy Code, 2016
  • Company is not covered under Corporate Social Responsibility provisions

Voting Arrangements

  • E-voting through CDSL for all resolutions
  • Physical shareholders and non-individual shareholders to vote via www.evotingindia.com
  • Individual demat shareholders can vote through their depository accounts
  • Scrutinizer: M/s. Ajay Yadav & Associates, Practising Company Secretaries