Key Financial Figures (FY 2025-26)

  • Revenue from operations: ₹265.10 lakh (FY25: ₹130.73 lakh)
  • Other Income: ₹18.47 lakh (FY25: ₹503.67 lakh)
  • Total Revenue: ₹283.56 lakh (FY25: ₹634.40 lakh)
  • Total expenditure: ₹197.55 lakh (FY25: ₹420.42 lakh)
  • Profit before Tax: ₹86.02 lakh (FY25: ₹213.98 lakh)
  • Current Tax: ₹19.80 lakh (FY25: ₹55.64 lakh)
  • Deferred Tax: ₹0.04 lakh (FY25: ₹0.05 lakh)
  • Profit for the year: ₹66.17 lakh (FY25: ₹158.29 lakh)
  • Basic & diluted EPS: ₹1.02 (FY25: ₹2.45)
  • Statutory reserve transfer: ₹13.62 lakh (as required under RBI Act Section 45-IC)

AGM Details

  • Date: Wednesday, 23rd September 2026
  • Time: 12:30 PM IST
  • Mode: Video Conferencing/Other Audio-Video Means (OAVM)
  • Cut-off date for e-voting: 16th September 2026
  • Remote e-voting period: 20th September 2026 (9:00 AM) to 22nd September 2026 (5:00 PM)

Business Transacted at AGM

Ordinary Business

1. Adoption of audited financial statements for FY ended 31st March 2026

2. Re-appointment of Mr. Ankur Chaturvedi (DIN: 01762845) as director retiring by rotation

Special Business

3. Approval for material related party transactions with Asian Petro Products and Exporters Limited for aggregated value not exceeding ₹25 crores

Related Party Transaction Details

  • Party: Asian Petro Products and Exporters Limited
  • Relationship: Common Directors (Siddharth Chaturvedi, Ankur Chaturvedi, Jaykishor Chaturvedi, Nupur Chaturvedi)
  • Nature: To give loan
  • Maximum amount: ₹25 crores
  • Purpose: General business purposes including financing activities, repayment of existing loans, working capital
  • Tenure: 12 months
  • Interest rate: 9% per annum
  • Security: Unsecured
  • Previous transactions with same party in FY26: Loan taken ₹12.08 crore, Loan repayment ₹11.98 crore

Capital Structure

  • Authorized share capital: Increased to ₹25,00,00,000 (250 lakh equity shares of ₹10 each) vide special resolution passed on 30th September 2025
  • Paid-up share capital: ₹646.35 lakh (64,63,500 equity shares of ₹10 each)
  • No change in paid-up capital during FY26

Board of Directors

  • Mr. Jaykishor Chaturvedi - Chairman
  • Mr. Siddharth Chaturvedi - Managing Director & CFO
  • Mr. Ankur Chaturvedi - Director
  • Mrs. Nupur Chaturvedi - Director
  • Mr. Pawan Kumar Sikka - Independent Director
  • Mr. Mukesh Narula - Independent Director
  • Mr. Ravikiran Malik - Independent Director

Key Managerial Personnel

  • Mr. Jaykishor Chaturvedi - Chairman
  • Mr. Siddharth Chaturvedi - Managing Director & CFO
  • Mrs. Hiral Patel - Company Secretary and Compliance Officer (appointed 14th February 2026, replacing Mrs. Anchal Patwari)

Auditor Qualifications

Statutory Auditors M/s. Maheshwari & Co. issued qualified opinion with following remarks:

1. Loan & Advances balances subject to confirmation/reconciliation

2. Non-compliance with Ind AS 19 "Employee Benefits" regarding recognition of liabilities and expenses

3. Interest income not recognized on outstanding loans and advances due to lack of documentation

4. Trade receivables, trade payables, and advance to suppliers subject to confirmation/reconciliation

5. Non-compliance with TDS provisions under Income Tax Act

Corporate Governance

  • Board meetings held during FY26: 6
  • Audit Committee meetings: 6
  • Whistle Blower Policy implemented
  • No pending shareholder complaints as of 31st March 2026

Other Significant Information

  • No dividend recommended for FY26
  • No material changes or commitments affecting financial position post year-end
  • No significant orders passed by regulators/courts impacting going concern status
  • 99.90% of equity shares dematerialized as of 31st March 2026
  • Company maintained harmonious industrial relations

Registrars and Share Transfer Agents

Adroit Corporate Services Private Limited, Mumbai

Auditors

  • Statutory Auditors: M/s. Maheshwari & Co., Chartered Accountants
  • Secretarial Auditor: M/s. Roy Jacob & Co., Practicing Company Secretaries
  • Internal Auditor: Mr. Sunil Kumar Mundra