Key Quantitative Figures

  • Paid-up equity share capital: ₹2.63 crore (26,37,420 equity shares of ₹10 each)
  • Total Income for FY 2025-26: ₹97.10 lakh (Previous year: ₹108.38 lakh)
  • Revenue from Operations: ₹18.94 lakh (Previous year: ₹21.29 lakh)
  • Rental Income: ₹16.26 lakh (decrease of 19.16% from previous year ₹20.12 lakh)
  • Other Income: ₹78.16 lakh (Previous year: ₹87.09 lakh)
  • EBITDA: ₹49.67 lakh (increase of 16.20% from previous year ₹42.74 lakh)
  • Profit After Tax: ₹23.28 lakh (Previous year: ₹40.77 lakh)
  • Corporate Guarantee Outstanding: ₹7.14 crore to Saraswat Co-operative Bank Limited for Miraj Entertainment Limited
  • Employee Strength: 4 permanent employees

Dates of Action

  • AGM Date: Tuesday, 29th September, 2026 at 11:00 A.M.
  • Book Closure: Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026
  • E-Voting Period: Friday, 25th September, 2026 (09:00 A.M.) to Monday, 28th September, 2026 (05:00 P.M.)
  • Cut-off date for e-Voting: Tuesday, 22nd September, 2026
  • Board Report Date: 13th August, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrar and Transfer Agent: Bigshare Services Private Limited
  • Statutory Auditors: M/s Rakesh Ajmera & Associates (FRN 013433C)
  • Secretarial Auditors: M/s. B. L. Harawat & Associates (C.P. No. 3326)
  • Internal Auditors: M/s Parikh Shah & Associates (FRN: 123999W)
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Ramdev Singh Jetmal (FCS: F7766, COP: 27085)

Key Management Personnel

  • CEO: Mr. Manish Kumar Kothari (appointed w.e.f. 29th May, 2026)
  • CFO: Mr. Pushpendra Jain (Director and CFO)
  • Company Secretary: Mr. Lakshit Samar (Membership No.: A64788)
  • Board of Directors:
  • Mrs. Jyotsana Vishnu Joshi (Independent Director)
  • Mr. Kapil Paliwal (Independent Director)
  • Mr. Prakash Chandra Purohit (Non-Executive Non-Independent Director)
  • Mr. Pushpendra Jain (Director and CFO)

Management Changes

Mr. Jitendra Purohit was removed from the position of Chief Executive Officer effective 29th May, 2026 due to severe chronic illness. Mr. Manish Kumar Kothari was appointed as CEO effective the same date based on the recommendation of Nomination and Remuneration Committee.

Business Operations

The company is engaged in real estate business with substantial revenue from rental of properties and interest income. The operational performance was influenced by occupancy levels across its owned properties, annual rent escalations, and timely renewal of lease arrangements.

Corporate Governance

  • Four Board meetings held during the year
  • All directors attended all board meetings
  • Three committees constituted: Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee
  • Company falls under exemption from certain corporate governance provisions due to paid-up capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore

Dividend and Reserves

No dividend recommended for the year under review. No amount transferred to reserves.

Share Capital Structure

  • Authorized Capital: ₹3.50 crore (34,50,000 equity shares of ₹10 each + 50,000 preference shares of ₹10 each)
  • Issued and Subscribed Capital: ₹3.00 crore (30,08,320 equity shares of ₹10 each)
  • Paid-up Capital: ₹2.63 crore (26,37,420 equity shares of ₹10 each fully paid)
  • Forfeited Shares: 3,70,900 equity shares amounting to ₹9.34 lakh

Significant Shareholders

  • Madan Paliwal (Miraj) Family Foundation: 48.39% (12,76,340 shares)
  • Mrs. Sushila Devi Paliwal: 7.27% (1,91,650 shares)
  • Shri Kalyan Holdings Limited: 5.35% (1,41,200 shares)

Related Party Transactions

Transactions with related parties including rental income from Miraj Creations Private Limited (₹12.06 lakh), interest income from Miraj Pipes And Fittings Private Limited (₹68.04 lakh), and profit share from partnership firm S S Developers (₹2.68 lakh).

Internal Financial Controls

Auditors reported adequate internal financial controls system operating effectively as at March 31, 2026.

Electronic Communication

Annual Report and AGM notice sent electronically to members with registered email addresses. Physical letters with weblinks sent to shareholders without registered email addresses as required under Regulation 36(1)(b) of Listing Regulations.

AGM Business

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26 and reports of Board of Directors and Auditors

2. Reappointment of Mr. Pushpendra Jain (DIN: 03228950) who retires by rotation

Voting Arrangements

Remote e-voting facility provided through NSDL. Members can vote electronically from September 25-28, 2026, or through ballot paper at the AGM.

Financial Position

  • Total Assets: ₹416.89 lakh (Previous year: ₹411.51 lakh)
  • Total Equity: ₹368.95 lakh (Previous year: ₹365.23 lakh)
  • Non-current Assets: ₹386.32 lakh (primarily investments and loans)
  • Current Assets: ₹30.57 lakh (primarily investments and cash)

Key Ratios

  • Current Ratio: 117.77 times (Previous year: 41.65 times)
  • Return on Equity: 1.02% (Previous year: 7.34%)
  • Trade Receivables Turnover Ratio: 51.10 times (Previous year: 25.46 times)
  • Net Profit Ratio: 1.23% (Previous year: 1.91%)

Compliance Status

No material orders passed by regulators or courts. No fraud reported by auditors. Secretarial audit report contains no qualifications or adverse remarks.