Annual General Meeting Details

  • Date: Tuesday, 29th September, 2026
  • Time: 11:30 A.M.
  • Venue: Through Video Conferencing/Other Audio Visual Means
  • Book Closure: Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026 (both days inclusive)
  • Record Date for Dividend: 22nd September, 2026

Business to be Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March, 2026

2. Declaration of dividend at the rate of ₹0.25 per equity share

3. Re-appointment of Mr. Anand Rajkumar Chordia (DIN: 00062569) liable to retire by rotation

Special Business:

4. Re-appointment of Mr. Bapu Ramchandra Gavhane (DIN: 00386217) as Whole Time Director for one year from 31st October, 2026 to 30th October, 2027 with monthly remuneration of ₹1,56,750 plus perquisites

5. Approval for Material Related Party Transactions with M/s Pravin Masalewale for an aggregate amount not exceeding ₹95,00,00,000 until the conclusion of the 8th AGM

6. Appointment of M/s. Satish & Satish, Company Secretaries as Secretarial Auditors for five years from April 1, 2026 to March 31, 2031

Financial Highlights (FY 2025-2026)

  • Revenue from Operations: ₹14,324.60 lakh (Previous year: ₹10,851.89 lakh)
  • Profit Before Tax: ₹482.87 lakh (Previous year: ₹435.67 lakh)
  • Profit After Tax: ₹365.73 lakh (Previous year: ₹396.75 lakh)
  • Earnings Per Share (Basic): ₹8.74 (Previous year: ₹9.78)
  • Earnings Per Share (Diluted): ₹8.59 (Previous year: ₹9.78)

Capital Structure Changes

  • Preferential Allotment: 4,52,174 equity shares allotted pursuant to exercise of warrants issued to promoters
  • Issued, Subscribed and Paid-up Capital: Increased from ₹4,02,82,520 to ₹4,48,04,260
  • Listing: BSE Limited granted listing and trading approval for equity shares allotted pursuant to warrant exercise
  • Utilization of Proceeds: ₹26.00 crores raised through preferential issue of warrants utilized for acquisition of Kamal Industries business (₹25.00 crores) and working capital (₹1.00 crore)

Dividend Information

  • Final Dividend: ₹0.25 per equity share of ₹10 each (2.5%)
  • Total Cash Outflow: ₹11,20,107 (subject to TDS deduction)
  • Payment Date: On or before 28th October, 2026 (within 30 days from AGM date)

Related Party Transactions

  • Material RPT: Seeking approval for transactions with M/s Pravin Masalewale up to ₹95 crores
  • FY 2025-26 Transactions: Sales of ₹3,730.91 lakh and purchases of ₹2,548.72 lakh with Pravin Masalewale
  • Other RPTs: Transactions with Kamal Industries, Pravin Sales Division, Chordia Food Products Limited, and other related entities

Corporate Governance

  • Board Composition: 10 Directors (3 Executive, 7 Non-Executive including 6 Independent Directors)
  • Board Meetings: 5 meetings held during FY 2025-2026
  • Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
  • Corporate Governance Provisions: Became applicable from FY 2025-2026 as the company crossed threshold limits under Regulation 15(2) of SEBI LODR

Auditor Appointments

  • Statutory Auditor: M/s SBH & Co. Chartered Accountants (appointed for 5 years till 11th AGM)
  • Internal Auditor: M/s Nisarg Shah & Co, Chartered Accountants
  • Secretarial Auditor: M/s Satish & Satish, Company Secretaries (proposed for 5 years from FY 2026-27)

Key Management Personnel

  • Managing Directors: Mr. Vishal Chordia and Mr. Anand Chordia (foregoing remuneration voluntarily)
  • Whole Time Director: Mr. Bapu Gavhane
  • CFO: Mr. Dharmendra Tulshyan
  • Company Secretary: Mrs. Tejashree Wagholikar

ESG Initiatives

  • Environmental: GHG emissions monitoring, biomass briquettes usage, waste segregation, water recycling systems
  • Social: Health & safety programs, workforce management, community engagement
  • Governance: Voluntary BRSR reporting, GHG accounting following GHG Protocol
  • SDG Alignment: Gender Equality, Clean Water & Sanitation, Affordable & Clean Energy, Decent Work & Economic Growth

Other Significant Disclosures

  • Dematerialized Shares: Entire share capital in demat form
  • Escrow Account: 2,70,867 equity shares pertaining to 1,808 shareholders of demerged company Chordia Food Products Limited held in escrow
  • Business Acquisition: Acquired business of Kamal Industries through slump sale effective 30th April, 2025 for ₹25 crores
  • Working Capital: Sanctioned limit of ₹16 crores from HDFC Bank
  • Employee Strength: 141 permanent employees on roll
  • Unclaimed Dividend: ₹0.84 lakh in unclaimed dividend account (not due for transfer to IEPF)

Voting Information

  • Remote E-voting Period: 26th September, 2026 (9:00 AM) to 28th September, 2026 (5:00 PM)
  • EVSN: 260826062
  • Scrutinizer: M/s Satish & Satish, Company Secretaries