Key Financial Figures (Standalone)

  • Total Income: ₹70.79 lakhs (FY26) vs ₹61.54 lakhs (FY25)
  • Net Profit Before Tax: ₹40.75 lakhs (FY26) vs ₹21.26 lakhs (FY25)
  • Provision for Taxation: ₹6.47 lakhs (FY26) vs ₹3.35 lakhs (FY25)
  • Net Profit After Tax: ₹34.28 lakhs (FY26) vs ₹17.91 lakhs (FY25) - 91% increase
  • Closing Balance in Statement of Profit & Loss: ₹550.23 lakhs (FY26) vs ₹515.95 lakhs (FY25)
  • Earnings Per Share (Basic and Diluted): ₹0.70 (FY26) vs ₹0.37 (FY25)

Annual General Meeting Details

  • Date: Monday, 31st August, 2026
  • Time: 10:00 a.m.
  • Venue: Registered Office at Godrej Genesis, 1404, 14th Floor, Block EP & GP, Sector V, Saltlake, Kolkata-700091

Agenda Items

Ordinary Business:

1. To receive, consider and adopt Standalone and Consolidated Audited Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. To appoint director in place of Mrs. Ritu Agarwal (DIN: 00006509) who retires by rotation and offers herself for re-appointment

Shareholder Information

  • Record Date: 24th August, 2026 (cut-off date for determining members entitled to vote)
  • Register of Members Closure: 25th August, 2026 to 31st August, 2026 (both days inclusive)
  • Remote E-voting Period: 28th August, 2026 (9:00 AM) to 30th August, 2026 (5:00 PM) through NSDL
  • Scrutinizer: Ms. Vidhya Baid, Company Secretary in Practice (Membership No. FCS-8882; CP No. 8686)

Dividend Declaration

No dividend recommended for FY 2025-26. Directors decided to plough back profits into business for better financial strength.

Business Operations

  • Company engaged in Steel Manufacturing and Fabrication, Real Estate and Other Allied Services
  • Operations were stable during the year under review
  • Board exploring alternatives for improving operations for long-term growth
  • Arrangements in hand to diversify line of business for future growth

Director Appointments and Changes

  • Mrs. Ritu Agarwal retires by rotation and seeks re-appointment at AGM
  • Mr. S.K. Roychowdhury (DIN: 09116850) re-appointed as Independent Director for second term of five years effective 2nd April 2026
  • Mr. B.K. Mawandia appointed as director wef 07.08.2024
  • Mr. G.K. Agarwal resigned as director wef 07.08.2024

Board Meetings

Six Board Meetings held during FY 2025-26 on: 19th May 2025, 1st August 2025, 8th September 2025, 8th November 2025, 27th January 2026, and 26th February 2026.

Committee Composition

  • Audit Committee: Mr. S.K. Roychowdhury (Chairman), Mr. V.N. Agarwal, Mr. B.K. Mawandia
  • Nomination and Remuneration Committee: Mr. V.N. Agarwal (Chairman), Mr. S.K. Roychowdhury, Mr. B.K. Mawandia

Investments (Standalone)

  • Total Investment Value: ₹415.66 lakhs (same as previous year)
  • Quoted Investments: ₹50.35 lakhs (Market Value: ₹25.00 lakhs)
  • Unquoted Investments: ₹365.32 lakhs
  • Major Investments include:
  • Tamilnadu Alkaline Batteries Ltd (Subsidiary): ₹356.18 lakhs
  • Hindusthan Udyog Ltd: ₹45.94 lakhs
  • Asutosh Enterprises Ltd: ₹4.12 lakhs

Subsidiary Company

  • Tamilnadu Alkaline Batteries Limited (acquired 06.08.2014)
  • 94.72% shareholding
  • Salient features provided in Form AOC-1
  • Subsidiary reported net loss of ₹0.25 lakhs for the period

Legal Contingencies

  • Income Tax demand in dispute: ₹2.97 lakhs (same as previous year)
  • Pending litigation impact: ₹2,96,790/- disclosed in financial statements

Capital Structure

  • Authorized Share Capital: 60,00,000 Equity Shares of ₹10/- each (₹600.00 lakhs)
  • Issued, Subscribed & Paid-up Capital: 49,00,000 Equity Shares of ₹10/- each, fully paid-up (₹490.00 lakhs)

Promoter Shareholding Changes

Significant changes in promoter group shareholding due to merger of V.N. Enterprises Limited, Macneill Electricals Limited and HSM International Private Limited with HSM Investments Limited effective 30th October 2025, sanctioned by NCLT Kolkata Bench.

Internal Financial Controls

Auditors reported adequate internal financial controls system over financial reporting operating effectively as at 31st March 2026.

Key Ratios (Standalone)

  • Current Ratio: 4.58 (FY26) vs 4.13 (FY25)
  • Net Profit Ratio: 48.43% (FY26) vs 29.11% (FY25)
  • Return on Equity: 3.35% (FY26) vs 1.80% (FY25)
  • Return on Capital Employed: 3.92% (FY26) vs 2.11% (FY25)
  • Return on Investment: 3.12% (FY26) vs 1.69% (FY25)

Emphasis of Matter by Auditors

Depreciation charged on composite cost of Land & Building without segregation of land value, and using reducing balance method in absence of useful life assessment of assets.