Key Quantitative Figures
- Net Profit FY26: ₹17.33 lakhs (compared to ₹11.81 lakhs in FY25)
- Total Income FY26: ₹54.49 lakhs (compared to ₹94.62 lakhs in FY25)
- Total Expenses FY26: ₹30.42 lakhs (compared to ₹65.88 lakhs in FY25)
- Profit Before Tax FY26: ₹24.07 lakhs (compared to ₹28.74 lakhs in FY25)
- Dividend Recommended: Final dividend of ₹1 per equity share (10% of face value of ₹10)
- Record Date for Dividend: 11th August, 2026
- Net Worth as at 31st March 2026: ₹64,318.31 lakhs (increase of 0.02% from previous year)
- Investment in Piramal Glass Preference Shares: ₹62,500.00 lakhs
- Advance for Flat Purchase: ₹1,385.00 lakhs
- Audit Fees Paid: ₹0.79 lakhs
Dates of Action
- RBI CoR Cancellation: 24th July, 2025
- Name Change Effective: 16th October, 2025
- AGM Date: 18th August, 2026 at 11:00 AM IST
- Remote E-voting Period: 15th August, 2026 (9:00 AM) to 17th August, 2026 (5:00 PM)
- Dividend Payment: After 18th August, 2026, if approved
Parties Involved
- Statutory Auditors: M/s. K. K. Birla & Co., Chartered Accountants
- Company Secretary: Ms. Bijal Durgavale
- Chief Financial Officer: Mr. Vinod Gadaiya
- Bankers: HDFC Bank Limited
- RTA: MUFG Intime India Private Limited
- Scrutinizer: Mr. Bhaskar Upadhyay, N. L. Bhatia & Associates
Business Transformation
The Company voluntarily surrendered its Certificate of Registration as an NBFC to RBI, which was cancelled vide order dated 24th July, 2025. Consequently, the company amended its Memorandum of Association to reflect new principal business objectives in real estate, including acquiring, promoting, running, managing, owning, leasing, converting, building, hiring, letting on hire hotels, restaurants, café, rest houses and dealing in all types of movable or immovable properties for development, investment, leasing or resale.
Capital Structure Impact
No change in issued and paid-up share capital during the year under review. The company has 2,40,000 equity shares of ₹10 each fully paid-up.
Cash Flow Implications
- Dividend outflow of ₹2.40 lakhs if approved
- Tax expenses of ₹6.74 lakhs for FY26
- Advance payment of ₹1,385.00 lakhs for flat purchase
Corporate Governance
The company maintains various committees including Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and CSR Committee. All committees met regularly during the year with proper attendance.
Voting Arrangements
The company is providing remote e-voting facilities through NSDL for resolutions proposed at the AGM. Members can vote electronically from 15th August to 17th August, 2026.
Dividend Tax Compliance
Dividend will be subject to TDS as per Income Tax Act, 2025. Members must submit Form No. 121 by 11th August, 2026 for non-deduction benefits if eligible.
Pending Litigation
Income tax disputes totaling ₹37.78 lakhs for AY 2017-18 and AY 2018-19 are pending with CIT (A). The company believes these demands may not devolve and has not made provisions.
CSR Expenditure
Corporate Social Responsibility expenditure of ₹2.55 lakhs was incurred during the year, contributing to Radha Meera Charitable Trust.
Key Ratios
Significant changes in financial ratios include:
- Return on Equity: 0.03% (from 0.02% in FY25)
- Return on Investment: 3.47% (from 5.84% in FY25)
- Current Ratio: 117.52 times (from 819.60 times in FY25)