Key Event Details

  • AGM Date: Monday, September 21, 2026 at 02:00 PM IST
  • AGM Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off Date: Monday, September 14, 2026 for determining eligibility to vote
  • Remote e-Voting Period: Friday, September 18, 2026 at 09:00 AM to Sunday, September 20, 2026 at 05:00 PM
  • Scrutinizer: Mr. Vijay Tiwari, Practicing Company Secretary

Business Items for AGM

Ordinary Business

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

2. Re-appointment of Director: To re-appoint Smt. Sheela Jain (DIN: 02553215) who retires by rotation

Special Business

3. Material Related Party Transactions: To approve material related party transactions for giving or availing loans with related parties for period until next AGM

4. Sale of Undertaking: To authorize Board to sell or dispose of substantial undertaking at Malkapur Unit

Related Party Transaction Details

The company seeks approval for loans/availing loans with the following related parties:

| Party | Relationship | Maximum Amount (₹ Crore) |

| Careone Wellness And Retail Private Limited | Entity with Common KMP | 30 |

| Wendt Finance Private Limited | Entity with Common KMP | 50 |

| Wendt Corporate Services Private Limited | Entity with Common KMP | 50 |

| Wendt Infosolutions Private Limited | Entity with Common KMP | 30 |

| Rohstoffe International Private Limited | Entity with Common KMP | 50 |

| Wendt Holdings Private Limited | Entity with Common KMP | 30 |

| Threadlite (India) Private Limited | Entity with Common KMP | 30 |

| Mr. Akhil Jain | KMP | 1 |

Total Maximum Amount: ₹241 crore

Tenure: From 84th AGM until 85th AGM in 2027

Nature: Ordinary course of business at arm's length basis

Sale of Malkapur Unit Assets

The company proposes to sell obsolete, old, unserviceable and redundant plant and machinery and movable assets at:

  • Location: C-6/1, MIDC Industrial Area, Malkapur, Dist. Buldhana, Maharashtra-443101
  • Purpose: Modernization and capacity enhancement program
  • Use of Proceeds: Acquisition, installation and commissioning of new technologically advanced machinery
  • Authorization: Special Resolution required under Section 180(1)(a) of Companies Act, 2013

Financial Performance FY 2025-26

Standalone Financials (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Total Income | 3,044.50 | 0.09 |

| Profit Before Tax | (1,916.15) | (21,477.19) |

| Net Profit After Tax | (1,916.15) | (21,477.19) |

| EPS - Basic & Diluted (₹) | (0.72) | (149.76) |

Operational Highlights

  • Production: 1,337 MT (compared to nil in previous period)
  • Sales: ₹29.88 crore (compared to nil in previous year)
  • Q4 FY26 Revenue: ₹14.86 crore (sequential improvement from ₹13.26 crore in Q3)
  • Manufacturing: Progressive revival of Malkapur Unit operations

Capital Structure Changes

Pursuant to NCLT-approved Scheme of Compromise and Arrangement (Order dated January 9, 2025):

  • Promoter Shareholding Cancelled: 48,60,83,760 equity shares (₹48.61 crore) extinguished without payment
  • Public Shareholding Reduced: 1 equity share continued for every 153 existing shares held
  • Fresh Capital Infusion: ₹25 crore by new promoters against issue of 25,00,00,000 equity shares at par
  • Post-Reduction Paid-up Capital: ₹26.43 crore (26,43,39,940 equity shares of ₹1 each)

Corporate Governance

Board Composition

| Director | Category | DIN |

| Akhil Jain | Managing Director | 03296467 |

| Sheela Jain | Non-Executive Non-Independent Director | 02553215 |

| Pradip Kumar Das | Independent Director | 06593113 |

| Subhash Chandra Varshney | Independent Director | 08657452 |

| Umang Pinakin Mehta | Independent Director | 10920337 |

Key Managerial Personnel

  • Company Secretary & Compliance Officer: Mr. Gaurav Anand
  • Chief Financial Officer: Mr. Harish Kumar Pareek

Committee Composition

  • Audit Committee: Pradip Kumar Das (Chairman), Akhil Jain, Subhash Chandra Varshney
  • Nomination & Remuneration Committee: Subhash Chandra Varshney (Chairman), Sheela Jain, Pradip Kumar Das
  • Stakeholders Relationship Committee: Sheela Jain (Chairman), Subhash Chandra Varshney, Pradip Kumar Das
  • Finance Committee: Umang Pinakin Mehta (Chairman), Harish Kumar Pareek, Akhil Jain

Shareholding Pattern (as on March 31, 2026)

| Category | Number of Shares | Percentage |

| Promoter and Promoter Group | 25,00,00,000 | 94.58% |

| Public Shareholding | 1,43,39,940 | 5.42% |

Important Dates

  • Book Closure: September 14, 2026 to September 20, 2026 (both days inclusive)
  • E-voting: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • AGM: September 21, 2026 (2:00 PM)