Key Quantitative Figures

  • Total Income FY26: ₹568.63 lakhs (FY25: ₹637.60 lakhs)
  • Total Expenses FY26: ₹625.76 lakhs (FY25: ₹637.26 lakhs)
  • Profit/(Loss) before Tax FY26: ₹(57.13) lakhs (FY25: ₹0.34 lakhs)
  • Net Profit/(Loss) FY26: ₹(59.16) lakhs (FY25: ₹1.03 lakhs)
  • Equity Share Capital: ₹168.50 lakhs (1,68,50,000 shares of ₹1 each)
  • Preference Share Capital: ₹120.00 lakhs (12,00,000 shares of ₹10 each)
  • Dividend Declared: 10% on preference shares (₹12 lakhs total)
  • Current Borrowings: ₹169.98 lakhs (FY25: ₹89.19 lakhs)
  • Non-Current Borrowings: ₹120.00 lakhs (unchanged)
  • Cash & Cash Equivalents: ₹6.41 lakhs (FY25: ₹4.71 lakhs)

Dates of Action

  • AGM Date: Tuesday, 25th August, 2026 at 3:00 p.m. through Video Conferencing
  • E-voting Cut-off Date: Tuesday, 18th August, 2026
  • Remote E-voting Period: Saturday, 22nd August, 2026 (09:00 a.m.) to Monday, 24th August, 2026 (05:00 p.m.)
  • Board Meetings Held: 21 May 2025, 17 July 2025, 12 August 2025, 12 November 2025, 13 February 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrars & Transfer Agent: MUFG Intime India Private Limited
  • E-voting Agency: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Martinho Ferrao of Ferrao MSR & Associates
  • Statutory Auditors: GMJ & Co. (FRN: 103429W)
  • Secretarial Auditor: Ferrao MSR & Associates
  • Bankers: Union Bank of India, YES BANK LTD., HDFC BANK LTD.

Business Resolutions

1. Adoption of audited financial statements for FY 2025-2026

2. Declaration of dividend at 10% on 10% Cumulative Non-Convertible Redeemable Preference Shares

3. Re-appointment of Mr. Vinaychand Yadavsingh Kothari (DIN: 00010974) who retires by rotation

Financial and Operational Impact

  • The company experienced a challenging year with revenue decline of 10.8% and transition from profit to loss
  • Higher input costs cited as primary reason for the loss
  • No material changes or commitments affecting financial position between year-end and report date
  • No significant orders passed by regulators, courts, or tribunals impacting operations
  • No subsidiaries, joint ventures, or associate companies during the year

Capital Structure Impact

  • No change in equity or preference share capital during the year
  • No shares issued during the year
  • Promoter holding remains at 75% with changes in individual holdings due to death of Mrs. Meena Kothari

Cash Flow Implications

  • Operating cash flow: ₹(19.80) lakhs outflow
  • Investing cash flow: ₹(30.02) lakhs outflow (primarily PPE additions)
  • Financing cash flow: ₹51.52 lakhs inflow (primarily increase in borrowings)
  • Net increase in cash: ₹1.71 lakhs

Director Changes

  • Mr. Mangal Chheda (DIN: 00010927) ceased as director effective 01 July 2025 due to expiry of term
  • Ms. Jenny Vijaykar (DIN: 11195098) appointed as Additional Independent Director from 16 July 2025
  • Mrs. Meena Kothari, Promoter, passed away on 30 November 2025

Corporate Governance

  • Board comprises 6 directors including 3 independent directors
  • 5 Board meetings and 4 Audit Committee meetings held during the year
  • Adequate internal financial controls and vigilance mechanisms in place
  • Related party transactions conducted at arm's length basis

Other Material Information

  • Company operates in the hospitality sector with hotel in Matheran, Maharashtra
  • Passenger traffic on Matheran toy train exceeded 2.4 lakh in 2025-26
  • Company focusing on digital transformation, sustainability initiatives, and wellness offerings
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No deposits accepted from public during the year