Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹2,247.07 lakhs (Previous year: ₹2,700.58 lakhs) - decreased by 16.79%
  • Other Income: ₹0.33 lakhs (Previous year: ₹5.42 lakhs)
  • Profit Before Depreciation, Tax and Extraordinary Items: ₹48.86 lakhs (Previous year: ₹58.26 lakhs)
  • Depreciation: ₹15.55 lakhs (Previous year: ₹10.23 lakhs)
  • Profit Before Tax and Exceptional Item: ₹33.31 lakhs (Previous year: ₹48.03 lakhs)
  • Exceptional Item: Credit of ₹0.07 lakhs (Previous year: Credit of ₹1.74 lakhs)
  • Profit Before Tax and Extraordinary Items: ₹33.38 lakhs (Previous year: ₹49.76 lakhs)
  • Extraordinary Items: Nil (Previous year: Expense of ₹137.19 lakhs)
  • Profit Before Tax: ₹33.38 lakhs (Previous year: Loss of ₹87.43 lakhs)
  • Tax Expense: ₹6.03 lakhs (Current tax) + Deferred tax credit of ₹0.75 lakhs = Net tax of ₹5.28 lakhs (Previous year: ₹11.17 lakhs)
  • Net Profit/(Loss) After Tax: ₹28.10 lakhs profit (Previous year: ₹98.60 lakhs loss)
  • Carried Forward Balance: ₹179.73 lakhs (Previous year: ₹151.63 lakhs)

Dividend and Reserves

  • No dividend recommended for FY 2025-26 to strengthen long-term financial position
  • No amount transferred to General Reserve during the financial year

Share Capital

  • Issued, subscribed and paid-up equity share capital unchanged at ₹460.04 lakhs consisting of 4,600,400 equity shares of ₹10 each
  • No shares with differential voting rights, sweat equity shares, employee stock options, or buyback during the year

AGM Details

  • 19th Annual General Meeting to be held on Tuesday, September 29, 2026 at 12:30 PM IST
  • Venue: Registered Office at Plot No. 270, Bindal House, Surat Kadodara Road, Near Kumbharia Bus Stand, Kumbharia, Surat-395010, Gujarat
  • Meeting Mode: Physical meeting at registered office

AGM Agenda

Ordinary Business:

1. To adopt audited standalone financial statements for FY ended March 31, 2026

2. To reappoint Mr. Anupam Ravindra Arya (DIN: 00287676) who retires by rotation

Special Business:

3. To reappoint Mr. Adityabhai Jagdishbhai Joshi (DIN: 07718831) as Independent Director for a second and final term of five years

Board and Committee Composition

Board of Directors:

  • Mr. Ravindrakumar Kanhaiyalal Arya - Chairman & Managing Director
  • Mr. Anupam Ravindra Arya - Executive Director
  • Mr. Apurva Ravindra Arya - Non-Executive Director
  • Mr. Adityabhai Jagdishbhai Joshi - Non-Executive Independent Director
  • Ms. Nandita Manoj Goyal - Non-Executive Independent Director

Key Managerial Personnel:

  • Mr. Ramavtar Mohanlal Sharma - CFO
  • Mr. Ravindrakumar Kanhaiyalal Arya - Interim Compliance Officer
  • Ms. Samiksha Gupta - Company Secretary (appointed w.e.f. April 9, 2026)

Changes During the Year:

  • Ms. Nandita Manoj Goyal appointed as Additional Independent Director on August 26, 2025 and regularized at 18th AGM
  • Ms. Khushboo Agarwal resigned as Non-Executive Independent Director on August 26, 2025
  • Mrs. Pratibha Bhutra resigned as Company Secretary on January 13, 2026
  • Ms. Samiksha Gupta appointed as Company Secretary & Compliance Officer w.e.f. April 9, 2026

Committee Composition:

Audit Committee: Mr. Adityabhai Joshi (Chairman), Mr. Apurva Arya, Ms. Nandita Goyal

Nomination and Remuneration Committee: Mr. Apurva Arya (Chairman), Ms. Nandita Goyal, Mr. Adityabhai Joshi

Stakeholders' Relationship Committee: Ms. Nandita Goyal (Chairperson), Mr. Adityabhai Joshi, Mr. Apurva Arya

Auditor Qualifications

Statutory auditors qualified their report with the following observations:

1. Company has not ascertained liability towards Gratuity through actuarial valuation

2. Company is not making provision for leave salary on accrual basis

3. Company is not making provision for bonus on salary on accrual basis

Directors' Explanation: Board acknowledges the deficiencies and assures that compliance mechanisms will be strengthened in future. Steps being taken to engage qualified actuary for gratuity valuation.

Secretarial Audit

Secretarial Audit Report by M/s. M.D. Baid & Associates contains no qualifications, reservations, or adverse remarks.

Key Ratios and Metrics

  • Debtors Turnover Ratio: 4.49 times (Previous year: 4.43 times)
  • Inventory Turnover Ratio: 8 times (unchanged from previous year)
  • Current Ratio: 4.3 (Previous year: 5.4)
  • Debt to Equity: 0.00 (no debt both years)
  • Gross Profit Margin: 33.34% (Previous year: 23.50%)
  • Net Profit Margin: 1.25% (Previous year: -3.65%)
  • Return on Net Worth: 3.04% (Previous year: -11.01%)
  • Median Employee Remuneration: ₹315,510
  • Total Employees: 60 as of March 31, 2026

Foreign Exchange Details

  • Foreign Exchange Earned (FOB value of exports): ₹194.48 lakhs (Previous year: ₹220.86 lakhs)
  • Foreign Exchange Outgo: Nil (Previous year: Nil)

Other Material Information

  • No material related party transactions requiring member approval
  • No deposits accepted under Chapter V of Companies Act, 2013
  • No significant material orders passed by regulators/courts affecting going concern status
  • Corporate Social Responsibility (CSR) not applicable to the company
  • Company has established vigil mechanism/whistle blower policy

E-Voting Arrangements

  • Remote e-voting through NSDL from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Cut-off date for determining members entitled to vote: September 18, 2026
  • Mr. Mohanlal Baid appointed as Scrutinizer for e-voting process