Annual General Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 11:00 a.m. (IST)
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Cut-off date for voting: September 22, 2026
  • E-voting period: September 26, 2026 (9:00 a.m.) to September 28, 2026 (5:00 p.m.)

Business to be Transacted

Ordinary Business

1. Adoption of audited standalone financial statements for FY 2025-26

2. Re-appointment of Mr. Samir Choksi (DIN: 00049416) as Director retiring by rotation

3. Re-appointment of Mr. Jay Choksi (DIN: 07151509) as Director retiring by rotation

Special Business

4. Approval of Related Party Transactions with Mr. Samir Choksi for aggregate value not exceeding ₹15 crores

5. Approval of Related Party Transactions with Mr. Jay Choksi for aggregate value not exceeding ₹15 crores

Financial Highlights (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 | 2023-24 | 2022-23 | 2021-22 |

| Gross Turnover | 4931.03 | 3698.16 | 1599.12 | 76.92 | 246.42 |

| Profit before tax | 750.16 | 472.70 | 149.81 | (44.44) | (48.10) |

| Profit after tax | 533.40 | 309.90 | 138.72 | (47.54) | (42.30) |

| Net Worth | 4210.45 | 3687.91 | 3345.29 | 1551.66 | 1599.23 |

| Book value per share (₹) | 73.85 | 64.68 | 58.67 | 39.79 | 41.00 |

| Earnings per share (₹) | 9.36 | 5.44 | 2.43 | (1.22) | (1.08) |

| Dividend | - | - | - | - | - |

Detailed Financial Performance (FY 2025-26)

  • Revenue from Operations: ₹4931.03 lakhs (Previous year: ₹3698.16 lakhs)
  • Other Income: ₹140.23 lakhs (Previous year: ₹158.21 lakhs)
  • Total Revenue: ₹5071.26 lakhs (Previous year: ₹3856.37 lakhs)
  • Profit before Depreciation, Finance Cost and Tax: ₹819.46 lakhs
  • Depreciation: ₹26.85 lakhs
  • Finance Cost: ₹42.45 lakhs
  • Net Profit Before Tax: ₹750.16 lakhs
  • Tax Expense: ₹216.76 lakhs
  • Net Profit After Tax: ₹533.40 lakhs
  • Other Comprehensive Income: (₹0.04) lakhs
  • Total Comprehensive Income: ₹533.36 lakhs
  • Share Capital: ₹1108.78 lakhs (unchanged)
  • Reserves and Surplus: ₹3101.67 lakhs (Previous year: ₹2579.13 lakhs)

Related Party Transactions Details

With Mr. Samir Choksi

  • Existing transactions in FY 2025-26: Unsecured loans ₹144.09 lakhs, Interest paid ₹12.88 lakhs
  • Current year transactions: ₹58.59 lakhs
  • Proposed limit: ₹15 crores aggregate value
  • Interest rate: 7.45% p.a. (subject to revision)
  • Purpose: Meeting working capital requirements
  • Tenure: From 34th AGM to 35th AGM in FY 2027-28
  • Security: Unsecured
  • Repayment: Repayable on demand

With Mr. Jay Choksi

  • Existing transactions in FY 2025-26: Unsecured loans ₹18.04 lakhs, Interest paid ₹1.50 lakhs
  • Current year transactions: ₹11.35 lakhs
  • Proposed limit: ₹15 crores aggregate value
  • Other terms: Same as for Mr. Samir Choksi

Shareholding Pattern

  • Total Equity Shares: 57,01,104 shares of ₹10 each
  • Promoter holding: 71.02%
  • Public holding: 22.17%
  • Physical shares: 1,14,900 shares (2.02% of paid-up capital)
  • Demat shares with NSDL: 44,87,678 shares (78.72%)
  • Demat shares with CDSL: 10,98,526 shares (19.27%)

Significant Events During the Year

1. Shifting of Registered Office: Members approved shifting from Maharashtra to Dadra & Nagar Haveli (approval from MCA awaited)

2. Change of Name: From Choksi Imaging Limited to Choksi Asia Limited pursuant to Scheme of Amalgamation

3. Change of Logo: Adopted new logo to align with current vision and strategic direction

4. Amendment in MOA/AOA: Changed object clause to undertake Non-Destructive Testing activities

5. Reclassification of Shareholder: Yamini Choksi reclassified from Promoter to Public category

Corporate Governance

Board Composition (as on March 31, 2026)

  • Mr. Krishnakumar Parikh: Non-Executive Independent Director & Chairperson
  • Mr. Tushar Parikh: Non-Executive Non-Independent Director
  • Mrs. Shraddha Gandhi: Non-Executive Independent Director (Woman Director)
  • Mr. Samir Choksi: Managing Director
  • Mr. Jay Choksi: Whole-time Director and CFO
  • Mrs. Brijal Desai: Ceased as Non-Executive Independent Director on January 5, 2026

Key Managerial Personnel

  • Mr. Samir Choksi: Managing Director
  • Mr. Jay Choksi: Whole-time Director and CFO
  • Mr. Rishi Dave: Company Secretary and Compliance Officer

Directors' Remuneration

  • Mr. Samir Choksi: ₹36 lakhs p.a.
  • Mr. Jay Choksi: ₹36 lakhs p.a.
  • Non-Executive Directors: Sitting fees only (₹97,000 to Mr. Krishnakumar Parikh, ₹97,000 to Mrs. Shraddha Gandhi, ₹40,500 to Mr. Tushar Parikh)

Audit Details

Statutory Auditors

  • Firm: Karia & Shah (FRN: 112203W)
  • Tenure: Appointed till conclusion of 35th AGM in FY 2027-28
  • Fees: ₹4 lakhs for statutory audit
  • Report: Unmodified opinion without qualifications

Secretarial Auditor

  • Firm: Nikita Pedhdiya & Associates
  • Report: Contains notes on:
  • Non-filing of CHG-1 form for HDFC Bank credit facilities
  • BSE penalty of ₹5,900 for delayed submission of RPTs
  • Stamp duty dispute with penalty of ₹2,27,160

Contingent Liabilities

1. Customs Duty Demand: ₹15.74 crores plus penalty for SAD exemption availed during 2011-12 to 2013-14 (appeal pending with CESTAT)

2. Executive Penalty: ₹75 lakhs penalty on company executives for customs matter

3. Stamp Duty Penalty: ₹2,27,160 disputed penalty for Scheme of Amalgamation

Capital Structure

  • Authorized Share Capital: ₹15,01,00,000 divided into:
  • 96,23,257 equity shares of ₹10 each
  • 9,97,545 Preference Shares of ₹54 each
  • Issued Capital: ₹11,08,78,000
  • 57,01,104 equity shares of ₹10 each
  • 9,97,545 Non-Convertible Redeemable Preference Shares of ₹54 each

Dividend Information

  • No dividend declared for FY 2025-26
  • Unclaimed dividend as of March 31, 2026: ₹68,665
  • Dividend distribution policy not applicable as per Regulation 43A of SEBI LODR

Employee Information

  • Total employees: 12 as on March 31, 2026
  • No complaints under Sexual Harassment Policy
  • No whistleblower complaints received

Foreign Exchange Transactions

  • Foreign Exchange Earnings: ₹125.99 lakhs
  • Foreign Exchange Outgo: ₹696.82 lakhs
  • Unhedged Foreign Currency Exposure: Trade payables of €0.42 lakhs and $0.99 lakhs

Regulatory Compliance Issues

  • BSE imposed penalty of ₹5,900 for delayed submission of Related Party Transactions for September 2025
  • Stamp duty dispute with Maharashtra government regarding ₹12,62,000 principal amount and ₹2,27,160 penalty
  • Pending customs duty appeal with CESTAT

Important Dates

  • Record date for AGM: September 22, 2026
  • E-voting period: September 26-28, 2026
  • AGM date: September 29, 2026
  • Last date for IEPF transfer for 2018-19 dividend: October 14, 2026

Registrars and Share Transfer Agents

Adroit Corporate Services Pvt. Ltd., 18-20, Jafferbhoy Industrial Estate, Makwana Road, Marol Naka, Mumbai - 400 059

#Tags: #ChoksiAsiaLimited #AnnualReport #SEBIDisclosure #AGM2026 #FinancialResults #RelatedPartyTransactions #RegulatoryCompliance #NonDestructiveTesting #CorporateGovernance #Neutral