Key Financial Figures (Standalone)

  • Revenue from Operations: ₹0.00 lakh (FY 2024-25: ₹4.30 lakh)
  • Other Income: ₹0.23 lakh (FY 2024-25: ₹0.26 lakh)
  • Total Expenses: ₹23.19 lakh (FY 2024-25: ₹23.65 lakh)
  • Net Loss: ₹22.96 lakh (FY 2024-25: ₹19.09 lakh)
  • Reserves Brought Forward: ₹246.16 lakh
  • Balance Carried to Balance Sheet: ₹223.20 lakh
  • Paid-up Equity Capital: ₹165.00 lakh (16,50,000 equity shares of ₹10 each)

Key Financial Figures (Consolidated)

  • Revenue from Operations: ₹0.00 lakh (FY 2024-25: ₹4.30 lakh)
  • Other Income: ₹0.23 lakh (FY 2024-25: ₹0.26 lakh)
  • Total Expenses: ₹23.35 lakh (FY 2024-25: ₹23.94 lakh)
  • Net Loss: ₹23.12 lakh (FY 2024-25: ₹19.37 lakh)
  • Reserves Brought Forward: ₹246.37 lakh
  • Balance Carried to Balance Sheet: ₹223.25 lakh

Subsidiary Performance

  • Wergreen Industries Private Limited (51% subsidiary incorporated on 31/07/2024)
  • Share Capital: ₹1,00,000
  • Reserves & Surplus: (₹43,998)
  • Total Assets: ₹87,002
  • Total Liabilities: ₹56,002
  • Turnover: ₹0
  • Net Loss: ₹15,576

Operational Highlights

  • Company generated no revenue from operations during FY 2025-26
  • Continued general trading and mercantile agency business activities
  • No change in nature of business during the financial year
  • Number of employees: 5 as on March 31, 2026

Corporate Governance

Board of Directors:

  • Mr. Rajiv Gupta (Non-Executive Director, DIN: 01116868) - Retiring by rotation at AGM
  • Ms. Swati Sahukara (Non-Executive Director, DIN: 06801137)
  • Ms. Pooja Agrawal (Independent Women Director, DIN: 10244119)
  • Mr. Narendrakumar Badrinarayan Patel (Independent Director, DIN: 08467505)

Key Managerial Personnel:

  • Mr. Kapil Dhawan (Chief Executive Officer)
  • Mrs. Meenal Baid Jain (Chief Financial Officer)
  • Mrs. Kavita Hitesh Jain (Company Secretary & Compliance Officer)

Board Meetings:

  • 5 meetings held during FY 2025-26 on: May 29, 2025; August 05, 2025; September 03, 2025; November 14, 2025; February 11, 2026
  • All directors attended all meetings

Regulatory and Compliance Matters

SEBI Listing Compliance:

  • Equity shares suspended from trading by BSE Limited
  • Company applied for revocation of suspension with requisite fees and information
  • Classified as "SDD Non-Compliant" on BSE website
  • Non-compliance with Regulation 31(2) of SEBI LODR Regulations: 100% of promoter shareholding not in dematerialized form
  • Placed in "ZY" Group on BSE and "Suspended due to Penal Reason"

Statutory Auditors:

  • M/s JMMK & Co., Chartered Accountants (Firm Registration No: 120459W)
  • Appointed until 42nd AGM
  • Audit Fees: ₹0.50 lakh
  • No fraud reported under Section 143(12) of Companies Act, 2013

Secretarial Auditor:

  • CS Nitesh Chaudhary of M/s. Nitesh Chaudhary & Associates
  • Appointed for 5 years from April 1, 2025 to March 31, 2030

Corporate Actions

Registered Office Shift:

  • Shifted from "307 Janki Centre, Plot No. 29, Shah Industrial Estate, Veera Desai Road, Mumbai – 400053"
  • To "S7 – 13, 7th Floor, B Wing, Pinnacle Business Park, Mahakali Caves Road, MIDC, Andheri East, Chakala MIDC, Mumbai – 400093"
  • Effective from Board meeting dated May 29, 2025

Dividend:

  • No dividend recommended for FY 2025-26 due to financial performance and accumulated losses

Share Capital:

  • No issue of equity shares, sweat equity, ESOPs, or buyback during the year
  • All equity shares in physical form
  • Authorized share capital unchanged at ₹165.00 lakh

AGM Details

  • 40th Annual General Meeting scheduled for Monday, September 28, 2026 at 3:00 PM
  • Venue: Registered Office at S7 -13, 7th Floor, B-wing, Pinnacle Business Park, Mahakali Caves Road, Andheri (East), Mumbai - 400093
  • Business:

1. To adopt Standalone and Consolidated Audited Financial Statements for FY 2025-26

2. To appoint director in place of Mr. Rajiv Gupta retiring by rotation

  • Record Date: September 21, 2026
  • Register Closure: September 22, 2026 to September 28, 2026 (both days inclusive)

Litigation and Contingencies

Income Tax Disputes:

  • ₹0.91 lakh dispute for AY 2018-19 pending with Income Tax Appellate Tribunal
  • ₹0.73 lakh dispute for AY 2014-15 pending with Income Tax Appellate Tribunal
  • ₹0.05 lakh dispute for AY 2016-17 pending with Income Tax Appellate Tribunal

Professional Tax Dues:

  • ₹0.30 lakh for AY 2024-25 not paid
  • ₹0.075 lakh for AY 2025-26 not paid

Other Significant Disclosures

  • No material changes or commitments affecting financial position between year-end and report date
  • No significant orders passed by regulators/courts impacting going concern status
  • No deposits accepted from public
  • No related party transactions under Section 188 of Companies Act, 2013
  • No CSR obligation under Section 135 of Companies Act, 2013
  • Vigil Mechanism and POSH policies in place
  • No sexual harassment complaints received during the year

Auditor Qualifications

  • Company used Tally Prime 6.1 accounting software which doesn't have audit trail (edit log) facility feature
  • No internal audit system in place
  • Physical verification of investment shares not conducted as certificates held by depository authorities

Capital Structure Impact

  • No change in share capital structure during the year
  • No dilution or holding change occurred
  • Gearing ratio: 19% (FY 2024-25: 5%)

Cash Flow Implications

  • Net cash used in operating activities: ₹54.69 lakh
  • Net cash used in investing activities: ₹26.47 lakh
  • Net cash from financing activities: ₹81.61 lakh
  • Net increase in cash and equivalents: ₹0.46 lakh

Forward-looking Statements

Management Discussion indicates:

  • Company monitoring domestic market for suitable commercial opportunities in general trading and mercantile agency
  • Prudent and opportunity-driven approach towards business activities
  • Focus on identifying sustainable revenue-generating operations