Annual General Meeting Details
- Date: Monday, 31st August 2026 at 11:30 AM
- Mode: Video Conferencing/Other Audio Visual Means
- Deemed Venue: Registered Office at No.4, Karpagambal Nagar, Mylapore, Chennai 600004
- Cut-off Date for E-voting: 24th August 2026
- Remote E-voting Period: 28th August 2026 (9:00 AM) to 30th August 2026 (5:00 PM)
- E-voting Result Date: On or before 2nd September 2026
Business Operations
The company operates in three divisions:
1. Warehousing: Rental income of ₹270.68 lakhs (FY25: ₹289.92 lakhs), net profit of ₹262.55 lakhs
2. Showrooms: Sales of ₹184.96 lakhs (FY25: ₹146.11 lakhs), net profit of ₹5.62 lakhs
3. Textiles: Sales of ₹195.09 lakhs (FY25: ₹198.71 lakhs), net profit of ₹2.64 lakhs
Financial Performance (FY 2025-26)
- Revenue from Operations: ₹855.66 lakhs (FY25: ₹632.18 lakhs)
- Other Income: ₹103.20 lakhs (FY25: ₹91.60 lakhs)
- Finance Costs: ₹1,889.64 lakhs (FY25: ₹1,266.38 lakhs)
- Net Loss: ₹194.27 crore (FY25: ₹127.06 crore)
- Total Comprehensive Loss: ₹194.24 crore (FY25: ₹127.04 crore)
- Basic & Diluted EPS: (₹75.20) per share (FY25: (₹49.18))
Capital Structure
- Equity Share Capital: ₹258.33 lakhs (25,83,270 shares of ₹10 each)
- Preference Share Capital: 28,14,18,142, 9% Cumulative Redeemable Preference Shares of ₹5 each aggregating ₹140.71 crore, redeemable on or before 12th May 2030
Key Financial Positions (as at 31st March 2026)
- Total Assets: ₹171.98 crore (FY25: ₹177.90 crore)
- Investment Property: ₹159.05 crore (FY25: ₹159.07 crore)
- Inventories: ₹1.66 crore (FY25: ₹1.28 crore)
- Cash & Cash Equivalents: ₹2.97 crore (FY25: ₹3.81 crore)
- Total Equity: Negative ₹248.01 crore (FY25: Negative ₹228.59 crore)
- Borrowings: ₹144.71 crore (FY25: ₹145.71 crore)
Board and Governance Matters
Board Composition:
- Shri V.R. Venkataachalam (Chairman)
- Smt V. Samyuktha (Managing Director)
- Shri M. Padmanabhan (Independent Director)
- Shri Perumal Viyash (Independent Director)
- Shri Richard Henry (Independent Director)
- Shri T. Yeswanth (Director)
- Shri Ashwath Naroth (Independent Director)
AGM Agenda Items:
1. Adoption of audited financial statements for FY 2025-26
2. Re-appointment of Shri T. Yeswanth (DIN: 01236613) who retires by rotation
3. Special Business: Regularization of Additional Director Dr. T. Bhasker Raj (DIN: 02724086) as Non-Executive, Non-Independent Director
Key Management Personnel
- Smt V. Samyuktha, Managing Director
- Smt G. Geetha, Company Secretary (from 29.05.2025)
- Shri R. Kannan, Chief Financial Officer
Significant Transactions and Arrangements
- Loan to TCP Limited: Outstanding loan balance increased to ₹9.59 crore during FY26 (sanctioned limit: ₹10 crore)
- Provision for Doubtful Debts: Created provision of ₹9.73 crore for advance given to Binny Limited
- Related Party Transactions: All transactions were in ordinary course of business and at arm's length basis
Pending Litigations and Contingencies
1. Square Projects Associates: Provision of ₹28.05 lakhs made for possible rent liability despite case dismissal
2. Labor Court Matter: Provision of ₹36.52 lakhs made for award in favor of union for 8 employees
3. Demerger Scheme: Liability of ₹9.73 crore provided for amounts paid on behalf of Binny Limited
Corporate Actions
- No dividend recommended for FY 2025-26
- No buyback of shares during the year
- BSE trading suspension was revoked on 9th July 2025 after compliance with board composition requirements
Internal Financial Controls
Auditors confirmed that the company has adequate internal financial controls system which were operating effectively as at 31st March 2026.
Shareholding Pattern (as at 31st March 2026)
- Promoters & Promoter Group: 68.97%
- Public Shareholding: 31.03%
- Dematerialized Holdings: 93.92% (NSDL: 84.33%, CDSL: 9.59%)
- Physical Shareholdings: 6.08%