Key Financial Figures (Standalone)
- Total Income: ₹3,044.50 lakh (₹30.45 crore) for FY 2025-26 vs ₹0.09 lakh for FY 2024-25
- Profit Before Tax: Loss of ₹1,916.15 lakh (₹19.16 crore) for FY 2025-26 vs loss of ₹21,477.19 lakh for FY 2024-25
- Net Profit After Tax: Loss of ₹1,916.15 lakh (₹19.16 crore) for FY 2025-26 vs loss of ₹21,477.19 lakh for FY 2024-25
- Earnings Per Share (Basic & Diluted): (₹0.72) for FY 2025-26 vs (₹149.76) for FY 2024-25
- Q4 FY26 Revenue: Approximately ₹15.07 crore, compared with ₹13.26 crore in the preceding quarter
- Production Volume: Approximately 1,337 MT for FY 2025-26 vs nil in comparable period
- Sales: ₹29.88 crore for FY 2025-26
Implementation of Resolution Plan
The Hon'ble NCLT, Mumbai Bench approved the Composite Scheme of Compromise and Arrangement vide order dated 09.01.2025 (uploaded on 14.01.2025). Key implementation actions:
- Capital Reduction: Entire promoter shareholding of 48,60,83,760 equity shares (₹48.61 crore) cancelled without payment
- Public Shareholding Reduction: Public shareholders received 1 equity share for every 153 shares held, with fractions ignored
- Fresh Equity Issuance: 25,00,00,000 equity shares of ₹1 each issued at par to new promoters/acquirers for ₹25 crore
- Post-Reduction Capital: ₹26.43 crore comprising 26,43,39,940 equity shares of ₹1 each
- Creditor Settlement: All debts settled as per scheme terms
- New Board Constitution: Effective from 10.02.2025
AGM Details
- Date: Monday, 21st September, 2026 at 2.00 PM IST
- Mode: Video Conferencing/Other Audio-Visual Means
- Cut-off Date for E-voting: 14th September, 2026
- Remote E-voting Period: 18th September 2026 (9:00 AM) to 20th September 2026 (5:00 PM)
AGM Agenda Items
Ordinary Business
1. Adoption of audited financial statements for FY 2025-26 and reports of Board and Auditors
2. Re-appointment of Smt. Sheela Jain (DIN: 02553215) as Director retiring by rotation
Special Business
3. Approval for Material Related Party Transactions: Ordinary Resolution to approve loans/availing of loans with related parties for period until 85th AGM in 2027:
- Careone Wellness And Retail Private Limited: ₹30 crore
- Wendt Finance Private Limited: ₹50 crore
- Wendt Corporate Services Private Limited: ₹50 crore
- Wendt Infosolutions Private Limited: ₹30 crore
- Rohstoffe International Private Limited: ₹50 crore
- Wendt Holdings Private Limited: ₹30 crore
- Threadlite (India) private Limited: ₹30 crore
- Mr. Akhil Jain: ₹1 crore
- Total Maximum Amount: ₹241 crore
4. Authorization to Sell Malkapur Unit Assets: Special Resolution to authorize Board to sell/dispose of obsolete plant and machinery at Malkapur Unit, Maharashtra. Proceeds to be used for modernization and capacity enhancement or other corporate purposes including debt repayment.
Corporate Structure
Board of Directors (as post-revival)
- Akhil Jain (Managing Director)
- Sheela Jain (Non-Executive Non-Independent Director)
- Pradip Kumar Das (Independent Director)
- Subhash Chandra Varshney (Independent Director)
- Umang Pinakin Mehta (Independent Director)
Key Managerial Personnel
- Gaurav Anand (Company Secretary & Compliance Officer)
- Harish Kumar Pareek (Chief Financial Officer)
Auditors
- Statutory Auditor: Jain Kothari & Co., Chartered Accountants
- Secretarial Auditor: Vijay S. Tiwari & Associates, Practicing Company Secretaries
- Internal Auditor: Jain Ronak & Co., Chartered Accountants
Operational Update
- Progressive revival of manufacturing operations at Malkapur Unit, Maharashtra
- Restoration, refurbishment and modernization of plant and machinery undertaken
- Manufacturing operations recommenced with increasing capacity utilization
- FY 2025-26 considered a transition and rebuilding year
Shareholding Pattern (as on 31.03.2026)
- Promoter and Promoter's Group: 25,00,00,000 shares (94.58%)
- Public Shareholding: 1,43,39,940 shares (5.42%)
Liquidity Position
- Cash and Cash Equivalents: ₹699.37 lakh as on 31.03.2026
- Borrowings: ₹3,799.78 lakh (Non-current: ₹2,558.96 lakh, Current: ₹1,240.82 lakh)
Dividend
No dividend recommended for FY 2025-26 due to losses.