Annual General Meeting Details

  • Meeting Date: Thursday, 24th September, 2026
  • Time: 11:00 a.m.
  • Mode: Through Video Conference (VC)/Other Audio-Visual Means (OAVM)
  • Venue: Registered Office at Survey No.65-66, Jarod–Samalaya Road, Vill.: Garadhiya, Tal.: Savli, Vadodara–Halol Highway, Vadodara – 391 520
  • Cut-off Date: 17th September, 2026 for determining shareholders entitled to vote

AGM Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt Audited Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors

2. Director Re-appointment: Re-appointment of Mr. Alpesh Kanugo (DIN: 02501280) who retires by rotation

Special Business

3. Cost Auditor Remuneration: Ratification of remuneration of ₹57,000/- plus applicable taxes to M/s. Divyesh Vagadiya & Associates for FY 2026-27

4. Executive Director Appointment: Appointment of Mrs. Meera Kanugo (DIN: 05354078) as Whole-Time Director designated as Executive Director for 5 years from 12th August, 2026 with monthly salary of ₹1,50,000/- with increment not exceeding 25% per annum

5. Managing Director Appointment: Appointment of Mr. Alpesh Kanugo (DIN: 02501280) as Managing Director by change in designation from Executive Director for 5 years from 29th May, 2026 with monthly salary of ₹5,00,000/- with increment not exceeding 20% per annum and commission up to 0% of net profits

6. Independent Director Appointment: Appointment of Mr. Nilesh Shah (DIN: 11763708) as Independent Director for 5 years from 29th May, 2026

7. Borrowing Limits Enhancement: Approval for enhancing borrowing limits under Section 180(1)(c) to ₹200 Crore (from existing limits)

Financial Performance Highlights (Standalone)

(Rs. in Lacs)

| Particulars | 2025-26 | 2024-25 |

| Revenue from Operations | 18,251.12 | 15,905.39 |

| Other Income | 138.45 | 13.78 |

| Total Income | 18,389.57 | 15,919.17 |

| Profit before Depreciation, Interest and Tax | 1,058.08 | 331.59 |

| Interest Expense | 59.34 | 11.16 |

| Depreciation | 17.61 | 12.35 |

| Profit before Exceptional Items | 981.13 | 308.12 |

| Exceptional Items | - | 1,883.94 |

| Tax Expense: | | |

| - Current Tax | 37.86 | - |

| - Deferred Tax | 209.84 | 219.87 |

| - Prior Period Tax | 247.70 | 219.87 |

| Net Profit/(Loss) for the year | 733.43 | 1,972.19 |

| EPS Basic & Diluted (in ₹) | 0.42 | 1.32 |

Share Capital Changes

  • Preferential Allotment: During FY 2025-26, company allotted 4,53,33,316 equity shares of face value ₹1/- each at issue price of ₹8.25 per share (including premium of ₹7.25 per share)
  • Authorized Capital: Increased from ₹15,00,00,000 to ₹20,00,00,000 divided into 20 crore equity shares of ₹1/- each
  • Paid-up Capital: Increased from ₹14,90,49,000 to ₹19,43,82,316
  • Allotment Date: 2nd April, 2025
  • Listing Date: 14th August, 2025 on BSE Limited

Manufacturing Facilities

  • Location: Garadhiya Village, Vadodara
  • Production Capacity: 3,600 MT per annum
  • Current Capacity Utilization: ~80%
  • Land Assets:
  • Tulsipura Land Parcel: ~11 Lakh Sq. Ft.
  • Dungarpura Land Parcel: ~9 Lakh Sq. Ft.
  • Company Asset: ~20 Lakh Sq. Ft. (approx.) Industrial Land

Board and Management Changes

  • Demise: Late Mr. Parasmal Kanugo, Founder & Chairman passed away on 14th November, 2025
  • Appointments:
  • Mr. Alpesh Kanugo appointed as Managing Director & CFO from 29th May, 2026
  • Mrs. Meera Kanugo appointed as Whole-Time Director from 12th August, 2026
  • Mr. Nilesh Shah appointed as Independent Director from 29th May, 2026
  • Ms. Suryasnata Mishra appointed as Independent Director from 28th August, 2025

Key Financial Ratios

| Ratio | 2025-26 | 2024-25 |

| Inventory Turnover Ratio | 9.13 | 15.38 |

| Debt Equity Ratio | 0.06 | -1.07 |

| Current Ratio | 1.82 | 0.87 |

| Trade Receivable Turnover | 38.40 | 30.56 |

| Operating Profit Margin% | 4.62% | 13.70% |

| Net Profit Ratio | 3.99% | 12.39% |

| Return on Net Worth | -4.69% | -100.09% |

Dividend

No dividend declared for FY 2025-26 to conserve financial resources for future growth.

Borrowings and Debt

  • Secured Loans: ₹23.91 lakhs (Vehicle loans)
  • Unsecured Loans: ₹534.10 lakhs (including ₹147.10 lakhs from related parties)
  • Borrowing Limit Enhancement: Seeking approval for ₹200 Crore borrowing limit
  • Debt Settlement: Company settled loan with Brijlaxmi Leasing and Finance Limited for ₹25.51 crores against outstanding liability of ₹44.35 crores, resulting in exceptional income of ₹18.84 crores in FY 2024-25

Auditor Appointments

  • Statutory Auditors: M/s. Maloo Bhatt & Co., Chartered Accountants
  • Secretarial Auditors: M/s. Swati Bhatt & Co., Practising Company Secretaries
  • Cost Auditors: M/s. Divyesh Vagadiya & Associates, Cost Accountants (remuneration ₹57,000/- for FY 2026-27)
  • Internal Auditors: M/s Surti & Talati, Chartered Accountants (from FY 2026-27)

Corporate Governance

  • Board Meetings: 6 meetings held during FY 2025-26
  • Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
  • Compliance: Company has complied with applicable provisions of Companies Act, 2013 and SEBI Listing Regulations
  • Whistle Blower Policy: Vigil Mechanism policy in place, no complaints received during the year

Shareholding Pattern (as on 31st March, 2026)

  • Total Shares: 19,43,82,316 equity shares
  • Promoter Holding: 25.87% (Promoters) + 29.07% (Corporate Promoter) = 54.94%
  • Public Holding: 40.57% (Resident Individuals) + others
  • Dematerialized Holdings: 93.91% (69.35% NSDL + 24.56% CDSL)
  • Physical Holdings: 6.09%

Registrars and Share Transfer

  • RTA: M/s. Purva Sharegistry (I) Private Limited
  • Address: Unit No.9, Shiv Shakti Indl. Estate, J. R. Boricha Marg, Lower Parel (E), Mumbai – 400011
  • Contact: Tel: 022-3199 8810 / 4961 4132, Email: support@purvashare.com

Important Dates

  • Book Closure: 18th September, 2026 to 24th September, 2026 (both days inclusive)
  • E-voting Period: 21st September, 2026 (9:00 a.m.) to 23rd September, 2026 (5:00 p.m.) through NSDL
  • Scrutinizer: Mrs. Swati Bhatt, Partner of M/s. Swati Bhatt & Co., Practising Company Secretaries