Financial Performance Highlights (FY 2025-26)

  • Total Revenue from Operations: ₹1,929.86 lakhs (18.26% increase from FY 2024-25: ₹1,631.99 lakhs)
  • Other Income: ₹120.33 lakhs (includes ₹113.25 lakhs profit on sale of land & building)
  • Total Income: ₹2,050.19 lakhs
  • Total Expenditure: ₹1,986.25 lakhs
  • Profit Before Tax: ₹63.94 lakhs
  • Total Tax Expense: ₹30.81 lakhs (Current tax: ₹2.91 lakhs, Deferred tax: ₹27.90 lakhs)
  • Profit After Tax: ₹33.13 lakhs (26.21% increase from FY 2024-25: ₹26.25 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹0.57 (FY 2024-25: ₹0.45)
  • No Dividend declared for FY 2025-26

AGM Details

  • Date: Saturday, September 26, 2026
  • Time: 12:00 PM IST
  • Venue: Registered Office at 994, Sathyavedu Road, T, Suravalikandigai, Sirupuzhalpet (P), Gummidipoondi, Tamil Nadu, India, 601201
  • Cut-off Date: September 21, 2026 for e-voting
  • Remote e-voting Period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026 with reports of Board and Auditors

2. Director Reappointment: Reappointment of Mr. Krishna Kumar Bhandari (DIN: 05309897) who retires by rotation

Special Business

3. Reappointment of Whole-time Director: Reappointment of Mr. Krishna Kumar Bhandari as Whole-time Director for 3 years from July 25, 2026 with remuneration up to ₹8 lakhs basic salary plus perquisites

4. Reappointment of Managing Director: Reappointment of Mr. Ajeet Bhandari Kumar (DIN: 01023609) as Managing Director for 3 years from April 1, 2027 to March 31, 2030 with remuneration up to ₹25 lakhs basic salary plus perquisites

5. Reappointment of Whole-time Director: Reappointment of Mr. Anil Bhandari (DIN: 02722372) as Whole-time Director for 3 years from April 1, 2027 to March 31, 2030 with remuneration up to ₹5 lakhs basic salary plus perquisites

6. Creation of Mortgage/Charge: Approval for creation of mortgage/charge on company assets up to ₹200 crores to secure borrowings

7. Borrowing Limits Enhancement: Approval to borrow money exceeding paid-up capital + free reserves + securities premium, up to ₹200 crores

8. Loans/Guarantees/Investments: Authorization under Section 186 of Companies Act for loans, guarantees, and investments up to ₹200 crores

9. Related Party Transactions: Approval for FY 2026-27 transactions with related parties including Rudraaksh Textiles LLP (Sales: ₹1 crore, Purchase: ₹5 crores), Jivan Plastic India LLP (Sales: ₹5 lakhs), Him Marketing (Sales: ₹50 lakhs, Purchase: ₹10 lakhs), and Hospira Agencies (Sales: ₹10 lakhs)

Capital Structure

  • Authorized Share Capital: ₹12,00,00,000 divided into 1,20,00,000 equity shares of ₹10 each
  • Paid-up Equity Share Capital: ₹585.714 lakhs representing 58,57,140 equity shares of ₹10 each
  • No change in share capital during FY 2025-26

Key Management Personnel

  • Mr. Ajeet Bhandari Kumar - Managing Director
  • Mr. Anil Bhandari - Chief Financial Officer & Whole-time Director
  • Mr. Krishna Kumar Bhandari - Whole-time Director
  • Mr. Shiv Ratan Jhawar - Company Secretary & Compliance Officer (resigned effective July 1, 2026)

Board of Directors

  • Mr. Ajeet Bhandari Kumar (Managing Director)
  • Mr. Anil Bhandari (Whole-time Director)
  • Mr. Krishna Kumar Bhandari (Whole-time Director)
  • Mrs. Veena Bhandari (Non-Executive Director)
  • Mr. Sivaraman Uthayakumar (Independent Director)
  • Mr. Janarthanam Udayakumar (Independent Director)

Key Financial Ratios

  • Current Ratio: 1.51 (FY 2024-25: 1.36)
  • Debt-Equity Ratio: 3.86 (FY 2024-25: 5.34)
  • Return on Equity: 0.15 (FY 2024-25: 0.13)
  • Inventory Turnover Ratio: 3.51 (FY 2024-25: 2.91)
  • Trade Receivables Turnover Ratio: 8.11 (FY 2024-25: 5.78)

Compliance Issues Identified in Secretarial Audit

1. Non-payment of Annual Listing Fees to BSE for FY 2020-21 to 2025-26

2. Website not maintained as per Regulation 46 of SEBI LODR

3. Independent Directors not registered with IICA Databank

4. Promoter shareholding not 100% dematerialized

5. Structured Digital Database not maintained for insider trading compliance

6. Delayed disclosure of Board meeting outcomes to stock exchange

7. Delayed submission of voting results after AGM

8. Newspaper publications of financial results not uploaded on BSE website

9. Trading window closure intimation filed after quarter end for September 2025

10. PANs not frozen during trading window closure periods

11. Borrowing exceeded limits without prior shareholder approval (later regularized)

12. Prior intimation of Board meetings not filed in XBRL format

13. AGM notice not filed in XBRL within prescribed time

14. Delayed XBRL filing of financial results for March 2025

15. Non-submission of quarterly SDD Compliance Certificates

16. Change in auditor disclosure not filed in XBRL format

17. Sale of factory at Tada not disclosed to stock exchange

Tax Matters

  • Income Tax Dispute: ₹89.82 lakhs for Assessment Year 2015-16 pending before Commissioner of Income Tax (Appeals)
  • Advance Tax Paid: ₹10.01 lakhs (net current tax asset)

Other Significant Information

  • Employee Strength: 34 employees (32 male, 2 female)
  • Bankers: ICICI Bank, Indian Bank, Axis Bank
  • RTA: Cameo Corporate Services Limited
  • Factory Sold: Company sold factory and land at Tada during FY 2025-26 (approved in AGM 2024)
  • Related Party Transactions: Total ₹181.16 lakhs in transactions with promoter-related entities

Voting Arrangements

  • E-voting through CDSL platform
  • Physical voting available at AGM venue
  • Scrutinizer: Mr. Shubham Jain (FCS 13054)