Key Financial Figures (FY 2025-26)

Income Statement:

  • Total Income: ₹5,526.02 thousand (Previous Year: ₹1,373.57 thousand)
  • Employee Benefit Expenses: ₹3,855.71 thousand (Previous Year: ₹4,611.98 thousand)
  • Other Expenses: ₹2,160.77 thousand (Previous Year: ₹2,858.71 thousand)
  • Depreciation: ₹205.22 thousand (Previous Year: ₹204.69 thousand)
  • Loss Before Tax: ₹695.68 thousand (Previous Year: ₹6,303.19 thousand loss)
  • Tax Expense: ₹(70.27) thousand (Previous Year: ₹(6,762.80) thousand)
  • Net Loss: ₹765.95 thousand (Previous Year: ₹13,065.99 thousand loss)
  • Total Comprehensive Loss: ₹638.42 thousand (Previous Year: ₹3,023.83 thousand income)
  • Basic/Diluted EPS: ₹(0.14) (Previous Year: ₹(2.45))

Balance Sheet (as at March 31, 2026):

  • Total Assets: ₹78,607.49 thousand (Previous Year: ₹79,810.80 thousand)
  • Property, Plant & Equipment: ₹8,462.69 thousand (Previous Year: ₹8,622.91 thousand)
  • Financial Assets (Non-current): ₹66,564.73 thousand (including fixed deposits)
  • Cash & Cash Equivalents: ₹1,230.30 thousand (Previous Year: ₹3,211.72 thousand)
  • Total Equity: ₹77,369.94 thousand (Previous Year: ₹78,008.37 thousand)
  • Paid-up Equity Capital: ₹5,339.50 thousand (53,395,000 shares of Re. 1 each)

AGM Details

  • Date: Friday, August 14, 2026
  • Time: 12:00 PM IST
  • Venue: Kilachand Conference Room, 2nd Floor, IMC Chamber of Commerce and Industry, IMC Building, Churchgate, Mumbai - 400 020
  • Cut-off date for e-voting: August 7, 2026
  • Remote e-voting period: August 11, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)

Ordinary Business Resolutions

1. Adoption of financial statements: Consideration and adoption of audited standalone financial statements for FY ended March 31, 2026 with reports of Board and Auditors

2. Re-appointment of Director: Re-appointment of Smt. Vineeta Kanoria (DIN: 00775298) as director liable to retire by rotation

Special Business Resolutions

3. Re-appointment of Whole Time Director: Re-appointment of Shri Rajkumar Gulzarilal Jhunjhunwala (DIN: 01527573) as Whole Time Director for 3 years from August 1, 2026 to July 31, 2029

  • Remuneration: Salary of ₹85,000 per month plus perquisites
  • Minimum remuneration provision in case of inadequate profits
  • Continuation approval after attaining age of 75 years

4. Continuation of Independent Director: Continuation of Shri Bimal Kumar Kanodia (DIN: 00819671) as Non-Executive Independent Director for 5 years from April 1, 2027 to March 31, 2032 after attaining age of 75 years

5. Appointment of Secretarial Auditor: Appointment of Mrs. Zankhana Bhansali (Proprietor of Zankhana Bhansali & Associates) as Secretarial Auditor for 5 years from FY 2026-27 to FY 2030-31

  • Remuneration: Up to ₹25,000 for FY 2026-27 plus applicable taxes and expenses

Material Corporate Developments

Sale of Office Premises:

  • Approval: Board approved on February 24, 2026; shareholders approved via postal ballot (results declared March 31, 2026)
  • Transaction: Sale of office premises (1,340 sq ft carpet area) at Jolly Bhavan No. 1, New Marine Lines, Mumbai to The New Great Eastern Spinning and Weaving Company Limited (promoter group company)
  • Consideration: ₹51,500 thousand
  • Concurrent arrangement: Leave and license of 250 sq ft area in same premises for 3 years at monthly fee of ₹75,000

Operational Status:

  • Manufacturing operations and furniture business remain discontinued during the year
  • Principal assets comprise office premises and fixed deposits with banks
  • Income derived substantially from interest income on fixed deposits
  • Company exposed to interest rate risk while incurring fixed regulatory compliance costs

Board and Committee Composition

  • Total Directors: 6 (3 Independent Directors, 1 Woman Director)
  • Board Meetings: 5 meetings held during FY 2025-26
  • Key Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
  • Key Managerial Personnel: Shri Rajkumar Jhunjhunwala (Whole Time Director), Shri Dilip S. More (CFO), Smt. Shyni Chatterjee (Company Secretary)

Auditors

  • Statutory Auditors: M/s. Batliboi & Purohit (Firm Registration No. 101048W)
  • Secretarial Auditor: Zankhana Bhansali & Associates
  • Cost Auditor: Not applicable for FY 2025-26

Shareholding Pattern

  • Promoter Holding: 63.62% (New India Exports Private Ltd - 50.34%, Vineeta Kanoria - 6.63%, Anurag Kanoria - 6.65%)
  • Public Holding: LIC - 8.37%
  • Total Shares: 5,339,500 equity shares of Re. 1 each

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26
  • Reserves: No amount transferred to General Reserve

Related Party Transactions

All related party transactions were on arm's length basis in ordinary course of business. Material transaction includes proposed sale of office premises to promoter group company.

Corporate Governance

  • Company does not fall under purview of Corporate Governance regulations under SEBI LODR
  • Applicable Secretarial Standards (SS-1 and SS-2) duly complied with
  • Policy on prevention of insider trading and whistle blower mechanism in place

Important Dates

  • AGM Date: August 14, 2026
  • E-voting Period: August 11-13, 2026
  • Cut-off Date: August 7, 2026
  • Book Closure: Not specified

#Tags: #BombayWireRopes #AnnualReport #AGM #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Neutral