AGM Details

The 41st Annual General Meeting will be held on Thursday, 25th June, 2026, at 03:00 PM IST at the Registered Office: 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013.

Remote E-Voting Period

Commences: Monday, 22nd June, 2026 at 09:00 AM IST

Ends: Wednesday, 24th June, 2026 at 05:00 PM IST

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors

2. To re-appoint Mr. Sunil Hirji Shah (DIN: 02775683) who retires by rotation

Special Business (Items 3-11):

3. Enter into fresh Lease Deed with Great White Global Private Limited for company's land in Gujarat (22,001 sq.mts) at monthly rent of ₹2,00,000 for 29 years 11 months

4. Enter into Deed of Easement (Right of Way) with Great White Global Private Limited for perpetual easementary rights

5. Act as Confirming Party to Lease Deed between Lalji Velji Shah Anchorwala Valsad Gaushala and Panjrapor (Lessor) and Great White Global Private Limited (Lessee) for adjacent land at monthly rent of ₹3,00,000 for 34 months (June 1, 2026 to March 31, 2029)

6. Enter into Leave and License Agreement with Karan Electronics and Electricals Private Limited for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

7. Enter into Leave and License Agreement with Huges Real Estates Developers LLP for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

8. Enter into Leave and License Agreement with Lakozy Builders LLP for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

9. Enter into Leave and License Agreement with Kalindi Properties Private Limited for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

10. Enter into Leave and License Agreement with Anchor Sky Scrapers LLP for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

11. Enter into Leave and License Agreement with Mount Blanc Real Estate LLP for 50 sq.ft office space in Mumbai at ₹10,000/month for 33 months

Financial Performance FY 2025-26

| Particulars | 2025-26 (₹ Lakhs) | 2024-25 (₹ Lakhs) |

| Revenue from Operations | - | - |

| Other Income | 100.25 | 97.94 |

| Total Revenue | 100.25 | 97.94 |

| Employee Benefits Expenses | 30.46 | 42.66 |

| Depreciation and amortization | 1.99 | 2.22 |

| Other Expenses | 46.26 | 67.21 |

| Finance Cost | 9.71 | 6.05 |

| Total Expenses | 88.43 | 118.14 |

| Profit/(Loss) before Tax | 11.81 | (20.20) |

| Current Tax | 3.78 | - |

| Deferred Tax | (2.56) | (3.30) |

| Income Tax of Earlier years | - | 2.16 |

| Net Profit after Tax | 10.59 | (19.06) |

Key Financial Position as on March 31, 2026

  • Authorized Share Capital: ₹5,00,00,000 (50,00,000 equity shares of ₹10 each)
  • Paid-up Equity Share Capital: ₹1,90,55,850 (19,05,585 equity shares of ₹10 each fully paid up)
  • Property, Plant and Equipment: ₹20.31 lakhs
  • Investment Property: ₹9.53 lakhs
  • Deferred Tax Assets (Net): ₹11.80 lakhs
  • Loans (Unsecured): ₹1,003.11 lakhs
  • Cash and Cash Equivalents: ₹3.42 lakhs
  • Total Equity: ₹1,174.94 lakhs
  • Borrowings: ₹131.18 lakhs

Board of Directors

  • Mr. Rajesh Hirji Shah (Managing Director, DIN: 00475776)
  • Mr. Sunil Hirji Shah (Executive Director and CFO, DIN: 02775683)
  • Mrs. Julie Mehul Shah (Non-Executive Director, DIN: 03500721)
  • Mr. Prashant Manharlal Parekh (Non-Executive & Independent Director)
  • Mr. Ganesh Vijay Shiraskar (Non-Executive & Independent Director)

Key Managerial Personnel

  • Mr. Rajesh Hirji Shah (Managing Director)
  • Mr. Sunil Hirji Shah (CFO)
  • Ms. Rupali Dhiman (Company Secretary & Compliance Officer)

Auditors

  • Statutory Auditors: M/s. A D V & Associates (Firm Registration No: 128045W), appointed till conclusion of 42nd AGM in 2027
  • Secretarial Auditors: M/s. D. Kothari and Associates

Registrar and Share Transfer Agent

Purva Sharegistry (India) Private Limited, Mumbai

Bankers

Bank of India

Shareholding Pattern

  • 79.10% of share capital dematerialized as on March 31, 2026
  • Promoter shareholding dematerialization not fully compliant with SEBI Regulation 31(2)

Dividend

No dividend recommended for FY 2025-26 to conserve resources

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Material related party transactions requiring shareholder approval are detailed in the special business items.

Corporate Governance

Corporate Governance provisions under Chapter IV of SEBI LODR Regulations not applicable as paid-up equity capital does not exceed ₹10 crores and net worth does not exceed ₹25 crores.

Secretarial Audit Report Qualifications

1. Non-compliant for dematerialization of entire Promoters shareholding under Regulation 31(2) of SEBI LODR Regulations

2. Attendance Register for Board, committees and Shareholders meeting was not produced for inspection

Statutory Auditor's Report

Unmodified audit opinion without any qualifications, reservations, or adverse remarks

Disputed Tax Demands

₹243.15 lakhs disputed income tax demands for Assessment Years 1990-91, 1992-93, 2013-14, and 2014-15

Register of Members Closure

From Friday, 19th June, 2026 to Thursday, 25th June, 2026 (both days inclusive)

Cut-off Date for Voting Rights

Thursday, 18th June, 2026

E-Voting Service Provider

Purva Sharegistry (India) Private Limited

Scrutinizer

Mrs. Dhanraj Kothari of M/s. D. Kothari and Associates, Practicing Company Secretaries

Green Initiative

Communication sent only through electronic mode to members with registered email addresses