Company Overview

Key Financial Figures (Standalone, ₹ in Lakhs)

Income Statement Highlights:

  • Total Income: ₹83.15 (FY26) vs ₹0.67 (FY25)
  • Total Expenses: ₹126.42 (FY26) vs ₹33.35 (FY25)
  • Profit/(Loss) Before Tax: (₹43.27) (FY26) vs (₹32.67) (FY25)
  • Tax Expense: ₹69.31 (₹6.79 Current Tax + ₹62.52 Deferred Tax) (FY26) vs Nil (FY25)
  • Net Profit After Tax: (₹112.57) (FY26) vs (₹32.67) (FY25)

Balance Sheet Highlights:

  • Paid-up Equity Share Capital: ₹59,337.93 (5,933,792,940 equity shares of ₹1 each) as of March 31, 2026 vs ₹183.00 (18,300,000 shares) as of March 31, 2025
  • Other Equity: ₹24,808.79 (FY26) vs ₹76.29 (FY25)
  • Total Equity: ₹84,146.72 (FY26) vs ₹259.29 (FY25)
  • Non-Current Borrowings (Unsecured): ₹16,000.00 (FY26) vs ₹100,000.00 (FY25)
  • Investments (Non-Current): ₹17,694.08 (FY26) vs ₹20,176.78 (FY25)
  • Loans (Non-Current, Unsecured): ₹82,194.35 (FY26) vs ₹78,040.61 (FY25)
  • Cash and Cash Equivalents: ₹3.67 (FY26) vs ₹2.46 (FY25)

Other Financial Metrics:

  • Earnings Per Share (Basic and Diluted): (₹0.00) (FY26) vs (₹0.18) (FY25)
  • Revenue from Operations (Interest on Loans): ₹82.64 (FY26) vs ₹0.67 (FY25)
  • Other Income: ₹0.50 (FY26) vs Nil (FY25)
  • Employee Benefits Expense: ₹4.17 (FY26) vs ₹2.61 (FY25)
  • Finance Costs: ₹1.35 (FY26) vs Nil (FY25)
  • Other Expenses: ₹120.90 (FY26) vs ₹30.74 (FY25)

Capital Structure Impact

  • Massive increase in share capital due to issuance of 5,915,492,940 new equity shares during the year
  • Significant shareholders as of March 31, 2026 include Twinkle Mercantiles And Credits Private Limited (21.96%), Shanta Agencies Pvt. Ltd. (18.99%), Golkonda Aluminium Extrusions Limited (18.99%), and Shri Niwas Leasing And Finance Limited (13.65%)
  • Holding company and its subsidiaries/associates hold 40.94% of total shares

AGM Details

  • 118th Annual General Meeting to be held on Saturday, September 26, 2026 at 1:00 PM
  • Meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Record Date: September 18, 2026
  • Register of Members and Share Transfer Books will remain closed from September 19, 2026 to September 25, 2026 (both days inclusive)

Agenda Items

Ordinary Business:

1. Approval and adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mr. Kalpesh Kanaiyalal Bhanushali (DIN: 11200720) who retires by rotation

Special Business:

3. Regularization of Ms. Rekhaben Sanjay Bhanushali (DIN: 11232261) as Non-Executive & Independent Director for 5 years

4. Regularization of Mr. Asutosh Arun Sahu (DIN: 11198966) as Non-Executive & Non-Independent Director for 5 years

Board and Management Changes

  • Mr. Bhavesh Chandrakant Mehta resigned as CFO and Director effective September 12, 2025
  • Mr. Kalpesh Kanaiyalal Bhanushali appointed as CFO effective August 18, 2025
  • Ms. Rekhaben Sanjay Bhanushali and Mr. Asutosh Arun Sahu appointed as Additional Directors effective August 14, 2026

Key Management Personnel (as of March 31, 2026)

  • Mr. Kalpesh Kanaiyalal Bhanushali: Whole-Time Director and CFO
  • Ms. Drishti Sidhwa: Company Secretary

Corporate Governance

  • Board Composition: 4 Directors (1 Executive, 3 Non-Executive Independent)
  • Board Meetings: 9 meetings held during FY 2025-26
  • Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee
  • Women Director: Ms. Priyanka Singh (Non-Executive Independent)

Other Material Information

  • Company engaged in trading shares, financial services and investment activities
  • No dividend recommended for FY 2025-26 due to losses
  • No material related party transactions reported
  • No frauds reported by auditors
  • No applications/proceedings under Insolvency and Bankruptcy Code, 2016
  • Company supports green initiatives and sent communication only by email

Voting Arrangements

  • Remote e-voting period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • E-voting service provider: Bigshare Services Private Limited
  • Scrutinizer: Ms. Ramesh Chandra Bagdi and Associates, Practicing Company Secretaries

Corporate Office

B-17, Shree Siddhivinayak Plaza, Plot No 31, Off Link Road, Andheri West, Mumbai-400053

Registrar and Transfer Agent

Bigshare Services Private Limited

Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093