AGM Details

The 36th Annual General Meeting will be held on Monday, September 28th, 2026 at 02:00 PM (IST) through Video Conferencing/Other Audio-Visual Means. The meeting will consider:

  • Adoption of audited financial statements for FY 2025-26
  • Declaration of dividend of ₹0.05 per equity share (2.50%)
  • Re-appointment of Ms. Mahima Khuteta who retires by rotation
  • Special business regarding remuneration of executive directors

Financial Performance Highlights (₹ in Lakhs)

Income Statement:

  • Revenue from operations including other income: ₹394.40 (FY25) vs ₹284.08 (FY24) - 39% increase
  • Profit Before Tax: ₹290.26 (FY25) vs ₹181.22 (FY24) - 60% increase
  • Current Tax: ₹72.52 (FY25) vs ₹48.49 (FY24)
  • Deferred Tax: (₹1.28) (FY25) vs (₹0.12) (FY24)
  • Profit After Tax: ₹219.03 (FY25) vs ₹132.86 (FY24) - 65% increase
  • Dividend proposed: ₹15.23 (FY25) vs ₹14.63 (FY24)
  • Basic EPS: ₹0.72 (FY25) vs ₹0.51 (FY24)

Balance Sheet:

  • Net fixed assets: ₹26.73 (FY25) vs ₹37.24 (FY24)
  • Share capital: ₹609.06 (FY25) vs ₹525.06 (FY24)
  • Reserve & Surplus: ₹1,987.43 (FY25) vs ₹1,205.53 (FY24)
  • Loans and advances: ₹2,620.90 (net of provision) (FY25) vs ₹1,742.66 (FY24)
  • Investments: ₹19.75 (unchanged)
  • Cash and bank balances: ₹50.76 (FY25) vs ₹19.38 (FY24)

Capital Structure Changes

During FY 2024-25, the Company issued 55,00,000 convertible warrants on preferential basis at issue price of ₹21 per warrant (face value ₹2 + premium ₹19). During FY 2025-26, the Company converted and allotted 42,00,000 warrants into equity shares to both promoters and non-promoters. The remaining 13,00,000 warrants are to be converted during FY 2026-27.

Dividend Information

Board recommends dividend of ₹0.05 per share (2.50%) for FY 2025-26 on 3,04,53,000 equity shares, involving outflow of ₹15,22,650. Record date fixed for dividend payment is Monday, September 21, 2026. Register of Members will remain closed from September 22, 2026 to September 28, 2026.

Corporate Governance

Board Composition: 6 Directors comprising:

  • Mr. Rajesh Khuteta (Managing Director & Chairman)
  • Ms. Mahima Khuteta (Executive Director)
  • Mr. Yash Khuteta (Non-Executive Non-Independent Director - appointed August 29, 2025)
  • Mrs. Annu Sharma Khandelwal (Non-Executive Independent Director)
  • Mr. Anant Sharma (Non-Executive Independent Director)
  • Mr. Govind Sharan Khandelwal (Non-Executive Independent Director)

Key Managerial Personnel:

  • Mr. Hemant Gupta (CFO - resigned and re-appointed during the year)
  • Mrs. Pravita Khandelwal (Company Secretary & Compliance Officer)

Committee Details:

  • Audit Committee: Mrs. Annu Sharma Khandelwal (Chairperson), Mr. Govind Sharan Khandelwal, Ms. Mahima Khuteta
  • Nomination and Remuneration Committee: Mrs. Annu Sharma Khandelwal (Chairperson), Mr. Govind Sharan Khandelwal, Mr. Yash Khuteta
  • Stakeholders Relationship Committee: Mr. Yash Khuteta (Chairperson), Mrs. Annu Sharma Khandelwal, Mr. Govind Sharan Khandelwal
  • Risk Management Committee: Ms. Mahima Khuteta (Chairperson), Mrs. Annu Sharma Khandelwal, Mr. Govind Sharan Khandelwal

Statutory Appointments

Statutory Auditors: R.P. Khandelwal & Associates (FRN: 001795C) appointed until 37th AGM

Internal Auditors: M/s Ajay Khandelwal & Associates

Secretarial Auditors: M/s Mahendra Khandelwal & Company (appointed for 5 years from FY 2024-25 to FY 2029-30)

RTA: Beetal Financial & Computer Service Pvt. Ltd.

Business Operations

The Company is a Non-Banking Financial Company (NBFC-ICC) categorized in Base Layer by RBI, engaged in gold loans, loans against property, MSME/SME loans, personal loans, and mutual fund distribution. Operates four branches in Jaipur, Rajasthan.

Other Material Information

  • Transfer to Statutory Reserve: ₹43.80 lakhs as required under RBI Act
  • Unclaimed dividend for FY 2024-25 due for transfer to IEPF in 2032
  • Related party transactions: Rent payment of ₹5.13 lakhs to Mr. Rajesh Khuteta
  • No deposits accepted from public
  • No corporate social responsibility applicability
  • Gender composition: 6 male employees, 3 female employees

Auditor's Reports

Both statutory and secretarial audit reports are unqualified with no adverse remarks. Additional report submitted to RBI as required under NBFC Auditor's Report Directions.

Voting Arrangements

Remote e-voting period: September 25, 2026 (10:00 AM) to September 27, 2026 (5:00 PM) through CDSL platform. Scrutinizer: Mr. Ajay Khandelwal (Partner of Ajay Khandelwal & Associates).