Detailed Summary

Key Financial Figures

  • Revenue from operations: ₹0 (Previous year: ₹0)
  • Other revenue: ₹7.68 lakh (Previous year: ₹8.13 lakh)
  • Total revenue: ₹7.68 lakh (Previous year: ₹8.13 lakh)
  • Total expenses: ₹34.62 lakh (Previous year: ₹9.24 lakh)
  • Profit before tax: Loss of ₹26.94 lakh (Previous year: Loss of ₹1.11 lakh)
  • Provision for tax: ₹0 (Previous year: ₹0)
  • Profit after tax: Loss of ₹26.94 lakh (Previous year: Loss of ₹1.11 lakh)
  • Earnings per share: -₹1.96 (Previous year: -₹0.08)
  • Share capital: ₹13.75 lakh (13,75,000 equity shares of ₹10 each, unchanged from previous year)

AGM Details and Resolutions

The 31st Annual General Meeting will be held on Thursday, 17th July 2025 at 11:00 AM through Video Conferencing/Other Audio-Visual Means. The business to be transacted includes:

Ordinary Business:

1. Adoption of audited financial statements for year ended 31st March 2025

2. Re-appointment of Mr. Roop Chand Betala (DIN: 02128251) who retires by rotation

Special Business:

3. Appointment of M/s Priya Shah & Associates as Secretarial Auditors for 5 years from 1st April 2025 to 31st March 2030

4. Re-appointment of Mr. Roop Chand Betala as Managing Director for 5 years from 26th August 2025 to 25th August 2030

Management and Director Information

  • Mr. Roop Chand Betala: Chairman and Managing Director, holding 1,18,600 shares (8.63%), seeking re-appointment for 5 years with remuneration subject to profit availability
  • Mr. Vikul Chander: Independent Director appointed w.e.f. 2nd April 2024
  • Ms. Purvi Amit Thapar: Independent Director
  • Mr. Manoj Cherian Samuel: Independent Director
  • Mr. Pranav Brahmbhatt: Chief Financial Officer
  • Ms. Seema Birla: Company Secretary & Compliance Officer

Corporate Structure

  • Corporate Office: No.4D, Calcot House, Tamarind Lane, Fort, Mumbai – 400 023
  • Auditors: M/s. CRBS & Associates LLP, Chartered Accountants, Mumbai
  • Registrar and Transfer Agent: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

Compliance and Regulatory Issues

As per Secretarial Audit Report by Priya Shah & Associates:

  • Non-appointment of Internal Auditor under section 138 of Companies Act, 2013
  • Independent Directors have not renewed/registered their name under Independent Director's Databank
  • Non-payment of Listing Fees
  • Regularization of Ms. Purvi Thapar not done in AGM and DIR-12 not filed
  • Company has not taken SDD compliance software
  • Company has given loans exceeding 60% of Paid-up capital and free reserves without complying with Section 186 provisions
  • Non-compliance with Regulation 46 and 47 of SEBI (LODR) Regulations

As per Statutory Auditor's Report:

  • Company has no business income during financial year and has no further business plans
  • Company has not used accounting software with audit trail (edit log) facility as required
  • Emphasis of Matter paragraph regarding going concern uncertainty

Operational and Business Details

  • The company operates as an Investment Broker in Securities markets and provides Loan and Financial advisory including granting of Unsecured Loans
  • Shares listed at BSE Limited but trading suspended due to procedural and penal reasons
  • Company has appealed to SAT for revival of Delisting
  • No subsidiaries, joint ventures or associate companies
  • No dividend declared for FY25 due to inadequate profits

Loans and Investments

  • Loans given: ₹74.63 lakh to various parties including Animesh Khatag (₹13.20 lakh), Ashok B. Katamg (₹15.00 lakh), KLB Commodities (P) Ltd (₹46.44 lakh)
  • Investments: ₹1.00 lakh in ACS Technologies Ltd (2,000 equity shares)
  • Cash and cash equivalents: ₹26.79 lakh (Previous year: ₹0.57 lakh)

Capital Structure Impact

No change in share capital during the year. Total paid-up equity share capital remains at ₹13.75 lakh consisting of 13,75,000 equity shares of ₹10 each.

Cash Flow Implications

  • Net cash from operating activities: ₹18.54 lakh
  • Net cash from investing activities: ₹7.68 lakh
  • No cash flow from financing activities
  • Cash and cash equivalents at year-end: ₹26.79 lakh (Previous year: ₹0.57 lakh)

Forward-looking Statements

Management continues to explore strategic growth avenues including potential amalgamation or merger with entities engaged in similar lines of business. The outlook remains cautiously optimistic given the macroeconomic scenario.