Key Quantitative Figures

  • Revenue from Operations (FY 2025-26): ₹6,695.30 lakhs (Previous Year: ₹4,167.05 lakhs)
  • Other Income (FY 2025-26): ₹220.42 lakhs (Previous Year: ₹50.76 lakhs)
  • Total Revenue (FY 2025-26): ₹6,915.72 lakhs (Previous Year: ₹4,217.81 lakhs)
  • Total Expenditure (FY 2025-26): ₹6,793.73 lakhs (Previous Year: ₹4,335.47 lakhs)
  • Profit/(Loss) Before Tax (FY 2025-26): ₹121.99 lakhs profit (Previous Year: ₹117.66 lakhs loss)
  • Net Profit/(Loss) for the Year (FY 2025-26): ₹120.99 lakhs profit (Previous Year: ₹117.84 lakhs loss)
  • Basic & Diluted EPS (FY 2025-26): ₹0.49 (Previous Year: -₹0.48)
  • Authorized Share Capital (Current): ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10 each
  • Proposed Authorized Share Capital: Increase to ₹50,00,00,000 divided into 5,00,00,000 equity shares of ₹10 each
  • Paid-up Capital: ₹24,99,79,160
  • Proposed Related Party Transaction Amount with Brijlaxmi Leasing and Finance Limited: ₹25 Crores
  • Proposed Section 186 Limit Enhancement: ₹25 Crores aggregate outstanding

Dates of Action

  • AGM Date: 22nd September, 2026 at 2.30 PM IST
  • Cut-off Date for AGM: 15th September, 2026
  • Remote E-voting Period: 19th September, 2026 (9:00 AM) to 21st September, 2026 (5:00 PM)
  • Financial Year End: 31st March, 2026
  • Board Meeting Dates during FY 2025-26: 30th May 2025, 13th August 2025, 5th September 2025, 14th November 2025, 14th February 2026
  • Annual Report Date: 31st August, 2026

Parties Involved

  • Regulatory Bodies: BSE Limited, SEBI, Ministry of Corporate Affairs
  • Company Management:
  • Mr. Jaykishor Chaturvedi (Chairman and Managing Director)
  • Mr. Siddharth Chaturvedi (Director)
  • Mrs. Nupur Chaturvedi (Director)
  • Mr. Jashwant Bhatt (Independent Director)
  • Mr. Devindersingh Bhumra (Independent Director)
  • Mr. Ankur Chaturvedi (Chief Financial Officer)
  • Ms. Anjali Gurnani (Company Secretary)
  • Auditors:
  • Statutory Auditors: M/s. Maheshwari & Co., Chartered Accountants (FRN: 105834W)
  • Secretarial Auditors: M/s. Roy Jacob & Co., Practicing Company Secretaries
  • Internal Auditors: M/s. S K Mundra & Associates, Chartered Accountants
  • Related Party: Brijlaxmi Leasing and Finance Limited
  • Registrar & Share Transfer Agent: Adroit Corporate Services Private Limited
  • E-voting Service Provider: National Securities Depository Limited (NSDL)

Purpose and Rationale

  • Authorized Capital Increase: To meet future capital requirements and facilitate raising additional funds
  • Related Party Transaction: To enable efficient deployment of surplus funds and provide reasonable return
  • Section 186 Limit Enhancement: To efficiently deploy surplus funds and meet business and financial requirements
  • Director Re-appointments: To maintain board continuity and expertise

Financial and Operational Impact

  • Capital Structure Impact: Proposed increase in authorized capital would enable future equity issuances
  • Cash Flow Implications: ₹25 crore loan to Brijlaxmi Leasing would represent cash outflow
  • Contingent Liabilities: ₹100.36 lakhs in disputed income tax matters across various assessment years

Capital Structure Details

  • Current Shareholding Pattern (31st March 2026):
  • Promoters: 56.41% (1,38,54,069 shares)
  • Private Corporate Bodies: 0.80% (1,95,842 shares)
  • Residential Individuals: 41.01% (1,00,72,681 shares)
  • NRIs/OCBs: 0.27% (65,510 shares)
  • Others: 1.05% (2,59,310 shares)
  • Dematerialized Shares: 88.87% of total shares (2,18,24,916 shares)

Auditor Qualifications

  • Non-compliance with TDS provisions under Income Tax Act
  • Differences between TDS receivable balances and Form 26AS tax credits pending reconciliation
  • Non-compliance with Ind AS 19 "Employee Benefits" requirements
  • Management replied that the company "will comply with the applicable provisions in the due course"

AGM Agenda Items

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mrs. Nupur Ankur Chaturvedi (DIN: 02291168) who retires by rotation

3. Increase in authorized share capital from ₹25 crores to ₹50 crores and alteration of MOA

4. Re-appointment of Mr. Jashwant Bhatt (DIN: 09198610) as Independent Director for second term until May 2031

5. Enhancement of limit under Section 186 for loans/investments/guarantees to ₹25 crores

6. Approval for material related party transaction with Brijlaxmi Leasing and Finance Limited for loans up to ₹25 crores

Related Party Transaction Details

  • Nature: Granting/providing loan to Brijlaxmi Leasing and Finance Limited
  • Amount: ₹25 Crores
  • Tenure: 12 months (until 31st March 2027)
  • Interest Rate: 9% per annum
  • Security: Unsecured
  • Purpose: Funds will be utilized by Brijlaxmi for general lending and financing activities
  • Previous Transactions with Brijlaxmi (FY 2025-26):
  • Receipt of Loan: ₹1,203.31 lakhs
  • Repayment of Loan: ₹1,213.75 lakhs
  • Current Financial Year Transactions (1st April 2026 to 30th June 2026):
  • Receipt of Loan: ₹558.49 lakhs
  • Repayment of Loan: ₹22.99 lakhs

Voting Arrangements

  • AGM to be held through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Remote e-voting facility provided through NSDL
  • Members can vote electronically from 19th to 21st September 2026
  • Physical attendance dispensed with as per MCA circulars