Financial Performance (₹ in Lakh)

Revenue: ₹503.08 (Previous Year: ₹1106.89)

Profit/(Loss) before Tax: ₹(1649.50) (Previous Year: ₹(900.35))

Profit/(Loss) after Tax & Extra-ordinary Items: ₹(1610.25) (Previous Year: ₹(2748.22))

Accumulated Losses: ₹(6776.63) carried forward (Previous Year: ₹(5166.38))

No dividend recommended due to continuing losses.

Key Financial Position Details (as of March 31, 2026)

Share Capital: ₹1770.73 lakh (1,77,07,288 equity shares of ₹10 each)

Negative Net Worth: ₹(447.07)

Total Borrowings: ₹6774.62 lakh (including NPAs)

Cash & Cash Equivalents: ₹8.64 lakh

Auditor Qualifications and Material Uncertainties

The statutory auditors, Agarwal Jain and Gupta, issued a disclaimer of opinion citing:

  • Inventories of ₹932.32 lakh include slow-moving items; wrote off ₹910.07 lakh but unable to verify carrying value
  • Unable to verify recoverability of Non-Current Assets (₹1043.27 lakh) and Long-Term Loans & Advances (₹902.88 lakh)
  • Company not provided depreciation on Intangible Assets (₹481.18 lakh)
  • Not recognized interest on NPAs pending one-time settlement negotiations with banks
  • Not provided for income tax demands (₹9708.96 lakh) and GST demands (₹864.80 lakh) under dispute
  • Material uncertainty regarding going concern due to cash losses (₹129.56 lakh) and negative net worth

AGM Details

Date: September 28, 2026

Time: 2:50 PM IST

Mode: Video Conferencing/Other Audio Visual Means

Ordinary Business:

1. Adoption of Standalone and Consolidated Financial Statements for FY 2025-26

2. Re-appointment of Mr. Panna Lal Jain (DIN: 00204869) who retires by rotation

Special Business:

3. Appointment of Mr. Harvendra Kumar Singh (DIN: 11610068) as Independent Director for 5 years

4. Appointment of Ms. Sunidhi Jain (DIN: 11610101) as Independent Director for 5 years

Board and Management Changes

  • Mr. Harvendra Kumar Singh appointed as Independent Director effective March 19, 2026
  • Ms. Sunidhi Jain appointed as Independent Director effective March 19, 2026
  • Mr. Baljit Singh appointed as Company Secretary & Compliance Officer effective April 24, 2026

Regulatory Non-Compliances

  • Delay in filing Annual Report 2024-25 with BSE (SOP Fines: ₹2,82,000)
  • Delay in filing Unaudited Financial Results for HYE Sept 30, 2024 and YE March 2025 (SOP Fines: ₹8,47,000)
  • Delay in appointment of qualified Company Secretary as Compliance Officer (SOP Fines: ₹1,55,000)

Banking and Financial Arrangements

  • Working capital loan accounts classified as NPAs by lenders
  • Negotiating one-time settlement with banks for outstanding borrowings of ₹5138 lakh to be settled for ₹3000 lakh
  • ₹752.20 lakh paid towards OTS till March 31, 2026; balance pending

Related Party Transactions

Significant transactions with related parties including:

  • Loans from promoters/directors: ₹1166.56 lakh
  • Remuneration to directors: ₹19.60 lakh
  • Advances to subsidiaries: ₹524.54 lakh

Subsidiary Companies

1. Benara Solar Private Limited: 100% subsidiary, net worth ₹(158.73) lakh

2. Securitrans Trading Private Limited: 100% subsidiary, net worth ₹20.86 lakh

Corporate Governance

The company voluntarily complies with SEBI LODR regulations despite being listed on SME platform. Board met 5 times during the year. All independent directors have given declarations of independence.

Voting Arrangements

  • e-Voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Record date: September 21, 2026
  • Scrutinizer: CS Kriti Daga, Practicing Company Secretary

Other Material Information

  • Company engaged in manufacturing auto parts and engine components
  • Registrars & Share Transfer Agents: Bigshare Services Private Limited

#Tags: #BenaraBearings #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative