Key Quantitative Figures

  • Total Revenue (FY26): ₹14,85,300 (FY25: ₹15,36,600)
  • Total Expenses (FY26): ₹17,05,800 (FY25: ₹19,19,900)
  • Loss Before Tax (FY26): ₹(2,20,500) (Improved from FY25 loss of ₹(3,83,300))
  • Deferred Tax (FY26): ₹5,500 (FY25: ₹1,000)
  • Net Loss After Tax (FY26): ₹(2,15,000) (Improved from FY25 loss of ₹(3,84,300))
  • Paid-up Equity Capital: ₹14,14,14,530 (1,41,41,453 equity shares of ₹10 each)
  • Cash & Cash Equivalents (Mar 31, 2026): ₹1,477
  • Loans (Other, Unsecured): ₹1,17,15,097
  • Deferred Tax Liability: ₹20,073
  • Other Financial Liabilities (Non-Current): ₹2,52,74,500 (Primarily Advance Lease Rentals)
  • Earnings Per Share (Basic): ₹(0.02) (FY25: ₹(0.03))

Dates of Action

  • AGM Date: Wednesday, 23rd September, 2026 at 1 PM.
  • Book Closure: Tuesday, 22nd September, 2026 to Wednesday, 23rd September, 2026 (both days inclusive).
  • E-Voting Period: Begins Sunday, 20th September, 2026 (9 AM) and ends Tuesday, 22nd September, 2026 (5 PM).
  • Cut-off Date for E-Voting: Wednesday, 16th September, 2026.
  • Board Meetings Held in FY26: 23.05.2025, 07.08.2025, 07.11.2025, 06.02.2026.

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditors: M/s. Agarwal & Associates, Chartered Accountants (Firm Regn. No. 323210E)
  • Secretarial Auditors: M/s. Ekta Goswami & Associates, Company Secretaries
  • Internal Auditor: Mr. Sudipto Roy Chowdhury, Company Secretary in Practice
  • Registrar & Share Transfer Agent (RTA): Maheshwari Datamatics Pvt. Ltd.
  • Banker: DBS Bank Ltd.
  • Scrutinizer for E-Voting: Ms. Sweety Kapoor, Practising Company Secretary
  • Board of Directors:
  • Mr. Sovan Chatterjee (Independent Director and Chairman, DIN: 10349322)
  • Ms. Simran Saha (Independent Woman Director, DIN: 09438380)
  • Mr. Pranab Chakraborty (Wholetime Director, DIN: 09030036)
  • Mr. Harendra Kumar Baitha (Independent Director, DIN: 10349324)
  • Key Managerial Personnel (KMP):
  • Mr. Gunjan Bagla (Company Secretary and Compliance Officer)
  • Mr. Shouvik Kundu (Chief Financial Officer)
  • Mr. Pranab Chakraborty (Wholetime Director)

Business & Operational Update

  • The company has discontinued all its manufacturing activities and is currently non-operational.
  • Its primary activity is leasing out its office space in Kolkata, generating rental income.
  • The Board reports being "optimistic" about regaining past status and notes that losses have declined compared to the previous year.
  • The company is "exploring suitable opportunities."

Capital Structure Impact: Capital Reduction Scheme

  • A significant ongoing corporate action is the proposed reduction of share capital.
  • Shareholders approved a Special Resolution at the AGM on 20th September, 2024, for a capital reduction.
  • The proposal is to reduce the issued, subscribed, and paid-up share capital from ₹14,14,14,530 (1,41,41,453 shares of ₹10) to ₹8,28,200 (82,820 shares of ₹10).
  • The petition seeking sanction of the Scheme is pending before the Hon'ble National Company Law Tribunal (NCLT), Bench-II, Kolkata.
  • As of the report date, no NCLT order has been received, and thus no effect has been given to this reduction in the FY26 financial statements.
  • The scheme will be implemented only upon receipt of necessary approvals and the final NCLT order.

AGM Agenda Items

Ordinary Business:

1. To adopt the Audited Standalone Financial Statements for FY26 and the Reports of the Board and Auditors.

2. To appoint Mr. Pranab Chakraborty (DIN: 09030036), who retires by rotation, as a Director.

Special Business:

3. To appoint Mrs. Simran Saha (DIN: 09438380) as an Independent Director for a second term of 5 consecutive years, from December 19, 2026, to December 18, 2031 (Special Resolution required).

Dividend & Reserves

  • No dividend was declared or recommended for FY26 due to current year losses and carried forward losses.
  • There was no transfer to reserves.

Financial Impact & Cash Flow

  • The financial impact of the ongoing capital reduction is contingent upon NCLT approval and is not quantified in the current statements.
  • Cash flow from operations was positive at ₹4,101.
  • The company's accumulated losses exceed its net worth.
  • The auditors have raised a Key Audit Matter regarding the evaluation of the company as a going concern, citing that revenue from leasing "does not commensurate with the operating expenses."

Other Material Disclosures

  • Public Deposits: The company did not accept any public deposits during the year.
  • Related Party Transactions: The company states that no material related party transactions were entered into during the year.
  • Internal Financial Controls: Auditors expressed an unmodified opinion on the adequacy and operating effectiveness of the company's internal financial controls.
  • Shareholding Pattern (as on 31-03-2026):
  • Promoters: 24.63% (Quantum Wealth Solutions Pvt. Ltd. - 10.90%, Classic Nirman Pvt. Ltd. - 13.73%)
  • Public: 75.37%
  • Dematerialization Status: 98.45% of shares are held in demat form (NSDL: 66.62%, CDSL: 31.83%), with only 1.55% held in physical form.
  • Pending Litigation: The company states there are no significant material orders passed by regulators/courts impacting its going concern status.