Key Quantitative Figures

Financial Performance (Standalone - FY 2025-26 vs FY 2024-25):

  • Revenue from operations: ₹20.45 lakh (₹27.77 lakh in FY25)
  • Other Income: (₹2.13 lakh) (₹3.77 lakh in FY25)
  • Total Revenue: ₹18.32 lakh (₹31.54 lakh in FY25)
  • Profit before tax: ₹3.06 lakh (₹16.77 lakh in FY25)
  • Current tax expense: ₹1.32 lakh (₹6.41 lakh in FY25)
  • Profit after tax: ₹1.74 lakh (₹12.93 lakh in FY25)
  • EPS: ₹0.05 (₹0.39 in FY25)

Financial Performance (Consolidated - FY 2025-26):

  • Share of profit from associate (Cindrella Hotels Ltd): ₹5.95 lakh
  • Total consolidated profit: ₹7.69 lakh

Balance Sheet Position (as of March 31, 2026):

  • Total assets: ₹3.99 crore (₹4.12 crore in FY25)
  • Cash and cash equivalents: ₹4.13 lakh (₹2.00 lakh in FY25)
  • Bank balances: ₹8.97 lakh (₹3.02 lakh in FY25)
  • Investments: ₹3.05 crore (₹2.90 crore in FY25)
  • Equity share capital: ₹3.30 crore (unchanged)
  • Other equity: ₹6.43 lakh (₹7.36 lakh in FY25)

Key Financial Ratios (FY 2025-26 vs FY 2024-25):

  • Current Ratio: 76.24 (47.59)
  • Net Profit Ratio: 0.09 (0.47)
  • Return on Equity: 0.00 (0.03)
  • Return on Capital Employed: 0.01 (0.04)

Dates of Action

  • 32nd AGM Date: September 29, 2026 at 4:30 PM through Video Conferencing/Other Audio Visual Means
  • Register of Members closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • Cut-off date for e-voting: September 22, 2026
  • Remote e-voting period: September 26, 2026 to September 28, 2026
  • Board meetings held during year: May 30, 2025; August 13, 2025; November 10, 2025; February 13, 2026

Parties Involved

  • Statutory Auditors: Agarwal Mahesh Kumar & Co., Chartered Accountants (FRN: 319154E)
  • Secretarial Auditor: CS Somnath Ganguly (ACS: 12702, CP: 4663)
  • Registrar & Share Transfer Agent: Niche Technologies Pvt. Limited
  • Bankers: Axis Bank Ltd., Siliguri
  • Associate Company: Cindrella Hotels Ltd (31.068% holding)

Capital Structure Impact

  • No change in share capital during the year
  • Equity shares: 4,160,000 shares of ₹10 each, with ₹3,52,750 call amount unpaid
  • Major shareholders: Arrow Hotels & Resorts Ltd (18.39%), Cindrella Hotels Ltd (13.15%), GRML Capital Markets Ltd (9.70%), Vivek Baid (14.35%)

Operational Highlights

  • Company operates as NBFC deriving revenues from interest on long-term loans, rental income, and consultancy services
  • No public deposits, secured debt instruments, or similar schemes
  • Lower income due to trading losses and reduced interest/dividend earnings
  • Focus on improving fund management and core non-banking financial activities

Corporate Governance

  • Board comprises 4 directors: 1 Non-Executive Director, 1 Managing Director, and 2 Independent Directors
  • All applicable committees constituted (Audit, Nomination and Remuneration, Stakeholders' Relationship)
  • No shareholders' complaints reported or pending at FY-end
  • Whistle-Blower Policy implemented

Auditor Remarks

  • Statutory Auditors: Unmodified opinion on financial statements, no qualifications or adverse remarks
  • Secretarial Auditor: Generally compliant with applicable laws, with exceptions for delays in filing certain MCA forms
  • Internal financial controls adequate and operating effectively

Dividend Declaration

  • No dividend recommended for FY 2025-26 due to lower profits
  • No transfers to reserves during the financial year

Related Party Transactions

  • Transactions with associate company Cindrella Hotels Ltd at arm's length
  • Loan given: ₹65.40 lakh during year
  • Loan repaid: ₹163.93 lakh during year
  • Interest charged: ₹8.97 lakh with TDS of ₹89,669
  • No outstanding balance at year-end

Compliance Status

  • Company Secretary: CS Amrita Dalmia
  • Compliance officer: Smt. Amrita Dalmia
  • No material orders passed by regulators/courts impacting going concern status
  • No frauds reported to Board during the year
  • No complaints under Sexual Harassment of Women at Workplace Act