Financial Performance Summary

FY 2025-26 Performance:

  • Revenue from Operations: ₹368.90 lakh (compared to ₹395.24 lakh in FY25)
  • Other Income: ₹26.34 lakh (compared to ₹110.61 lakh in FY25)
  • Total Revenue: ₹395.24 lakh (compared to ₹505.85 lakh in FY25)
  • Total Expenditure: ₹384.18 lakh (compared to ₹494.79 lakh in FY25)
  • Net Loss: ₹12.85 lakh (compared to Net Profit of ₹3.69 lakh in FY25)

Quarterly Breakdown (Audited):

  • Q4 FY26: Profit of ₹0.34 lakh
  • Q3 FY26: Loss of ₹10.56 lakh
  • Q2 FY26: Profit of ₹80.18 lakh
  • Q1 FY26: Profit of ₹6.46 lakh

Balance Sheet Highlights (as of March 31, 2026)

  • Total Assets: ₹312.20 million (decreased from ₹395.72 million in FY25)
  • Equity Share Capital: ₹202.48 million (unchanged)
  • Reserves & Surplus: ₹5.48 million (increased from ₹4.83 million)
  • Investments: ₹81.53 million (decreased from ₹125.68 million)
  • Inventories: ₹114.08 million (increased from ₹53.98 million)
  • Cash & Cash Equivalents: ₹4.03 million (decreased from ₹20.42 million)

Cash Flow Statement

  • Net Cash from Operating Activities: Negative ₹71.46 million
  • Net Cash from Investing Activities: Positive ₹60.46 million
  • Net Cash from Financing Activities: Negative ₹5.39 million
  • Net Decrease in Cash: ₹16.39 million

44th Annual General Meeting Details

Date: Wednesday, September 30, 2026

Time: 11:00 A.M.

Venue: Registered Office at 2A, Ganesh Chandra Avenue, 9th Floor, Room No: 8E, Kolkata, West Bengal 700013

Record Date: September 23, 2026

Remote e-Voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Raj Mohta (DIN: 03575779) who retires by rotation

Special Business:

3. Appointment of Mr. Anirudh Kumar Tanvar (ACS No.: 23145) as Secretarial Auditor for 5 years from April 1, 2026 to March 31, 2031

4. Approval for payment of managerial remuneration up to ₹3 crore per annum in case of inadequate/no profits

Regulatory and Compliance Issues

SEBI Classification: The company continues to be classified as a Shell Company per SEBI Circular dated August 7, 2017, with an interim order dated September 26, 2017 still pending.

Trading Suspensions: BSE Limited and Metropolitan Stock Exchange had frozen promoter shareholding and transferred scrip to Z Group due to non-compliance with SEBI (Depository and Participant) Regulations, 2018. Trading was suspended due to non-payment of annual listing fees but has since been revoked.

Compliance Deficiencies noted in Secretarial Audit Report:

  • Missing statutory records and registers including Minutes Books
  • Website not maintained with proper and updated data
  • Structured Digital Database (SDD) reported as non-compliant on BSE website
  • Only 1 day prior intimation for Board Meeting held on August 14, 2025
  • No e-voting facility provided in previous AGM
  • No Internal Auditor appointed as required under Section 138 of Companies Act, 2013

Board and Committee Composition

Board of Directors:

  • Mr. Raj Mohta (Whole Time Director & Chairman)
  • Mrs. Pramila Bansal (Independent Director)
  • Mr. Naren Kumar Joshi (Independent Director)
  • Mr. Rabindranath Das (Independent Director)

Board Committees:

  • Audit Committee: Mr. Naren Joshi (Chairman), Mrs. Pramila Bansal, Mr. Raj Mohta
  • Nomination and Remuneration Committee: Mrs. Pramila Bansal (Chairperson), Mr. Naren Joshi, Mr. Rabindranath Das
  • Stakeholders' Relationship Committee: Mrs. Pramila Bansal (Chairperson), Mr. Naren Joshi, Mr. Raj Mohta

Key Managerial Personnel:

  • Chief Financial Officer: Mr. Lalit Kumar Biyani
  • Company Secretary & Compliance Officer: Mrs. Swati Agarwal

Auditor Information

  • Statutory Auditors: M/s Komandoor & Co. LLP, Chartered Accountants (FRN: 001420S/S200034)
  • Secretarial Auditor: Mr. Anirudh Kumar Tanvar, Practicing Company Secretary
  • The Auditor's Report does not contain any qualifications, reservations, adverse remarks or disclaimer

Dividend Declaration

No dividend proposed for FY 2025-26. Company wishes to plough back profits for expansion activities.

Significant Events Post Balance Sheet Date

No material events have occurred after March 31, 2026.

Related Party Transactions

No related party transactions requiring disclosure under Accounting Standard 18.

Risk Factors

  • Stiff competition in finance field putting pressure on margins
  • Ongoing regulatory challenges with SEBI
  • Compliance deficiencies in corporate governance practices

Capital Structure

No change in share capital during the year. Paid-up equity share capital remains at ₹202.48 million with face value of ₹10 per share.

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