AGM Details

The 41st Annual General Meeting will be held physically on Wednesday, September 30, 2026 at 2:00 PM IST at the registered office: 201, Innovative Info Park, Banderkarwadi, Near Western Express Highway, Jogeshwari East, Mumbai 400060. The company is providing postal ballot voting facilities at the AGM.

Key AGM Dates:

  • Cut-off date for members entitled to receive Notice: August 30, 2026
  • Book Closure Date: August 28, 2026 to September 30, 2026 (both days inclusive)
  • Scrutinizer: Mr. Mehul Raval, Practicing Company Secretary
  • Contact Person: Mr. Sunilkumar Trivedi, Chief Compliance Officer (Mob: 9824271238)

Financial Performance Highlights (Standalone Basis)

Revenue:

  • Total Revenue decreased by 52.61% from ₹2,493.78 Lakhs (FY 2024-25) to ₹1,181.81 Lakhs (FY 2025-26)
  • Revenue from Operations (Net): ₹686.95 Lakhs (FY 2025-26) vs ₹2,045.55 Lakhs (FY 2024-25)
  • Other Income: ₹494.86 Lakhs (FY 2025-26) vs ₹448.23 Lakhs (FY 2024-25)

Expenditure:

  • Total expenditure increased by 13.58% from ₹2,465.02 Lakhs to ₹2,799.96 Lakhs
  • Employee benefits expenses decreased by 6.97% from ₹177.56 Lakhs to ₹170.59 Lakhs
  • Finance cost decreased by 100% from ₹7.17 Lakhs to ₹0
  • Operational & other expenses increased by 4.68% from ₹2,236.73 Lakhs to ₹2,341.34 Lakhs

Profitability:

  • Profit before Tax decreased by 3778.44% (₹1,588.06 Lakhs) from ₹43.17 Lakhs to (₹1,588.06) Lakhs
  • Net Profit for the Year: (₹1,588.06) Lakhs vs ₹32.00 Lakhs (previous year)
  • Basic & Diluted EPS: (₹0.38) vs ₹0.01

Balance Sheet Position:

  • Current Assets decreased by 2.23% from ₹13,248.62 Lakhs to ₹12,952.42 Lakhs
  • Non-Current Assets increased to ₹3,690.19 Lakhs from ₹3,325.73 Lakhs
  • Current Liabilities increased from ₹1,146.91 Lakhs to ₹2,813 Lakhs
  • Non-Current Liabilities decreased by 100% from ₹9.84 Lakhs to ₹0.00 Lakhs
  • Cash and cash equivalents: ₹8.29 Lakhs (Previous year: ₹22.25 Lakhs)

Business Operations and Strategic Developments

The company is the first and only listed company offering Railway Auxiliary Services and digital media breakthroughs. Key developments include:

1. Eastern Railway Contract Termination: The company's Eastern Railway contract was terminated, and the matter is going through arbitration

2. BECIL Partnership: Joined hands with Broadcast Engineering Consultants India Limited (BECIL), a Govt. of India Enterprise, to bid for tenders from Ministry of Railways

3. Subsidiary Restructuring: Disposed stake in Master Mind Advertising Private Limited, which was identified as a non-core and non-profitable venture

4. Subsidiaries: The company has five subsidiaries: Cressanda Renewable Energy Solutions Limited, Cressanda Retail Solution Private Limited, Cressanda E-Platform Private Limited, Cressanda Consumers Private Limited, and Cressanda Analytica Services Private Limited

Dividend Recommendation

No dividend recommended for Financial Year 2025-26 to conserve resources. Previous year: NIL

Corporate Governance and Board Composition

Board Structure:

  • Total Directors: 6 (Four Independent Directors including one Women Independent Director, and Two Executive Directors)
  • Key Managerial Personnel: Mr. Hemant Singh (CFO) and Mr. Sunil Kumar Trivedi (Company Secretary & Compliance Officer)

Board Changes during FY 2025-26:

  • Mr. Rajkumar Dinesh Masalia resigned as Executive Director w.e.f February 24, 2025
  • Mr. Pankaj Agarwal appointed as Executive Director w.e.f February 27, 2025

Regulatory and Compliance Matters

SEBI Investigation:

The company is under SEBI investigation (Order No. WTM/ASB/CFID/CFID-SEC4/30859/2024-25 dated October 11, 2024) regarding suspicious developments including:

  • Three changes to registered office between February and May 2022
  • Sudden revenue surge from ₹0.18 crore in FY22 to ₹75.13 crore in FY23
  • Mass resignations of key managerial personnel and auditors
  • Sharp fall in promoter shareholding from 30.12% to 0.10% in six months
  • Increase in shareholders from 2,700 to over 56,000
  • Alleged fictitious business transactions involving rice trading and IT services

SEBI has barred all ten promoters including the company from accessing the securities market. The company has filed an appeal in SAT which has granted a stay order.

Auditor Changes:

  • M/s. Agrawal Jain & Gupta resigned as Statutory Auditors w.e.f August 14, 2024 due to disagreement with management regarding qualified opinion
  • M/s. H Rajen & Co., Chartered Accountants appointed as Statutory Auditors w.e.f August 14, 2024

Internal Financial Controls

The company has internal financial controls commensurate with its size and complexity. The Internal Audit function reports to the Audit Committee Chairman.

Related Party Transactions

All Related Party Transactions were on arm's length basis and in ordinary course of business. No material related party transactions during the year.

Risk Factors

Key risks identified: economic conditions, market changes, technological changes, policy & regulatory changes, operational execution, and financial risks.

AGM Business Items

Ordinary Business:

1. Adoption of Standalone and Consolidated Audited Financial Statements for FY 2025-26

2. Reappointment of Mr. Arun Kumar Tyagi as Managing Director

Special Business:

3. Appointment of Mr. Kapil Gautam as Executive Director w.e.f June 11, 2026

4. Approval for strategic corporate restructuring including divestment of Master Mind stake, strike-off of inactive subsidiaries, and separation of Cressanda Consumers Private Limited

Voting Arrangements

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 23, 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)

Other Significant Information

  • No frauds reported by auditors during the year
  • No significant material orders passed by regulators/courts
  • No deposits accepted from public
  • No unclaimed dividends
  • Company enjoys cordial industrial relations
  • The company has complied with applicable Secretarial Standards

#Tags: #CressandaRailwaySolutions #AGM2026 #SEBIDisclosure #FinancialResults #CorporateRestructuring #RegulatoryCompliance #NegativeFinancialPerformance