Key Quantitative Figures

  • Net Loss for FY 2025-26: ₹765.95 thousand (Previous Year: ₹13,065.99 thousand loss)
  • Total Income for FY 2025-26: ₹5,526.02 thousand (Previous Year: ₹1,373.57 thousand)
  • Total Expenses for FY 2025-26: ₹6,221.70 thousand (Previous Year: ₹7,676.76 thousand)
  • Loss Before Tax for FY 2025-26: ₹695.68 thousand (Previous Year: ₹6,303.19 thousand loss)
  • Basic and Diluted EPS: ₹(0.14) (Previous Year: ₹(2.45))
  • Total Equity as of March 31, 2026: ₹77,369.94 thousand
  • Paid-up Equity Share Capital: ₹5,339.50 thousand (53,395,000 shares of Re. 1 each)
  • Fixed Deposits with Banks: ₹66,532.02 thousand (maturing after 12 months)
  • Office Premises Sale Consideration: ₹51,500 thousand (approved but not completed)
  • Monthly Lease Fee: ₹75,000 for 250 sq ft (proposed arrangement)
  • Whole Time Director Salary: ₹85,000 per month (proposed for reappointment)
  • Secretarial Auditor Remuneration: ₹25,000 for FY 2026-27

Dates of Action

  • Original Annual Report Submission: July 22, 2026
  • Corrigendum Date: July 23, 2026
  • Revised Annual Report Submission: July 24, 2026
  • AGM Date: August 14, 2026 at 12:00 PM IST
  • Remote E-voting Period: August 11, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
  • Cut-off Date for E-voting: August 7, 2026
  • Whole Time Director Term: August 1, 2026 to July 31, 2029 (proposed)
  • Independent Director Term: April 1, 2027 to March 31, 2032 (proposed)
  • Secretarial Auditor Term: FY 2026-27 to FY 2030-31 (proposed)

Parties Involved

  • Stock Exchange: BSE Limited
  • Registrar and Transfer Agent: Purva Sharegistry (India) Pvt. Ltd.
  • Statutory Auditors: Batliboi & Purohit
  • Secretarial Auditor: Zankhana Bhansali & Associates (proposed)
  • Scrutinizer: Zankhana Bhansali & Associates
  • Promoter Group Company: The New Great Eastern Spinning and Weaving Company Limited
  • Key Management: Rajkumar Gulzarilal Jhunjhunwala (Whole Time Director), Dr. Anurag Kanoria (Director), Shyni Chatterjee (Company Secretary), Dilip S. More (CFO)

Financial and Operational Impact

  • The company's manufacturing operations and furniture business remain discontinued during FY 2025-26
  • Principal assets comprise office premises and fixed deposits with banks
  • Income derived substantially from interest earned on fixed deposits (₹4,963.40 thousand)
  • The board and shareholders approved sale of office premises (1,340 sq ft) to The New Great Eastern Spinning and Weaving Company Limited for ₹51,500 thousand
  • Post-sale, the company will take 250 sq ft on leave and license basis for 3 years at ₹75,000 monthly
  • No dividend recommended for the year to conserve resources
  • The financial statements are prepared on a basis other than going concern as operations are discontinued

Capital Structure Impact

  • No change in share capital during the year
  • No shares issued with differential voting rights, stock options, or sweat equity
  • Promoter holding: New India Exports Private Limited (50.34%), Vineeta Kanoria (6.63%), Anurag Kanoria (6.65%)

Forward-looking Information

  • The board will evaluate options for prudent deployment of surplus funds and future business direction
  • The office premises sale is expected to strengthen the company's liquidity position
  • The company remains exposed to interest rate risk while incurring fixed regulatory and listing compliance costs