AGM Details

The 53rd AGM is scheduled to be held on Friday, September 25, 2026 at 2:00 P.M. IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The cut-off date for determining members entitled to vote is Friday, September 18, 2026. E-voting will be available through NSDL from Tuesday, September 22, 2026 (9:00 A.M.) to Thursday, September 24, 2026 (5:00 P.M.) and during the AGM.

Financial Performance (Standalone)

FY 2025-2026 vs FY 2024-2025 (Amounts in ₹ Lakhs):

  • Revenue from Operations: ₹2,498.20 (FY25: ₹2,199.90)
  • Other Income: ₹51.59 (FY25: ₹38.89)
  • Total Income: ₹2,549.79 (FY25: ₹2,238.79)
  • Total Expenses: ₹2,544.64 (FY25: ₹2,031.53)
  • Profit Before Tax: ₹5.13 (FY25: ₹207.26)
  • Profit After Tax: ₹5.13 (FY25: ₹207.26)
  • No dividend recommended for FY 2025-2026

Key Financial Ratios

Significant changes from previous year:

  • Current ratio: 1.47 (from 2.26) - 34.84% decrease
  • Return on equity: 0.42% (from 18.54%) - 97.74% decrease
  • Debt service coverage ratio: 1.39 (from 3.12) - 55.60% decrease
  • Net profit ratio: 0.21% (from 9.42%) - 97.82% decrease

AGM Agenda Items

Ordinary Business:

1. Adoption of audited standalone financial statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Nikunj V Mange (DIN: 08489442) as director retiring by rotation

Special Business:

3. Approval of material related party transactions with Yashraj Research Foundation (YRF) with aggregate value not exceeding ₹5 Crores

  • YRF is a not-for-profit charitable trust associated with promoter Mrs. Deepali Bhanushali
  • FY25 transactions with YRF: ₹67.84 lakhs
  • Proposed transactions represent 22.72% of company's consolidated turnover

4. Re-designation of Mr. Nikunj Velji Mange (DIN: 08489442) from Executive Director to Managing Director for 5 years from August 12, 2026 to August 11, 2031

  • Fixed remuneration: ₹48,00,000 per annum
  • Had drawn ₹48,00,000 in FY25 and ₹16,00,000 from April 1, 2026 to July 31, 2026

5. Regularization of appointment of Mr. Vaibhav Odhekar (DIN: 05135001) as Executive Director

  • Fixed remuneration: ₹36,00,000 per annum
  • Performance incentive: Up to ₹36,00,000 per annum
  • Previously appointed on May 23, 2026, resigned on July 25, 2026, and reappointed on August 12, 2026

Corporate Actions

  • The company had incorporated associate LLP "Aspira DNA Diagnostics Gujarat LLP" on April 2, 2024
  • Board decided on May 16, 2025 to take over 100% assets and liabilities of the LLP and strike it off
  • Process for striking off the LLP is currently in process
  • As of March 31, 2026, the company has no subsidiaries or joint ventures

Board and Management Changes

During FY 2025-2026:

  • Mrs. Mangala Prabhu ceased as Independent Director on September 27, 2025 (completion of term)
  • Dr. Alaka Keshav Deshpande ceased as Independent Director on December 30, 2025 (demise)
  • Mrs. Kiran Raghavendra Awasthi appointed as Additional Independent Director on November 12, 2025
  • Ms. Krupali Shah resigned as Company Secretary and Compliance Officer on March 8, 2026

After March 31, 2026:

  • Mr. Vaibhav Odhekar appointed as Additional Director (Executive Director) on May 23, 2026
  • Mr. Vaibhav Odhekar resigned on July 25, 2026
  • Dr. Pankaj Shah resigned as Managing Director and CEO on August 3, 2026
  • Mrs. Neetu Maurya appointed as Company Secretary and Compliance Officer on May 24, 2026

Auditors and Compliance

  • Statutory Auditors: M/s. Sarda Soni Associates LLP (appointed for 5 years from 51st AGM)
  • Secretarial Auditors: M/s. Nilesh A. Pradhan & Co., LLP (appointed for 5 years from FY 2025-26)
  • Internal Auditors: M/s. Vishal J. Bhanushali & Associates
  • Registrar & Share Transfer Agent: MUFG Intime India Private Limited

Shareholding Pattern (as of March 31, 2026)

  • Promoters: 18.39%
  • Public: 81.61%
  • Shares in dematerialized form: 99.53%
  • Shares in physical form: 0.47%