Key Financial Figures (Standalone FY 2025-26)

  • Revenue from Operations: ₹2,370.67 lakhs (Previous year: ₹2,185.37 lakhs)
  • Total Income: ₹2,581.10 lakhs (Previous year: ₹2,549.70 lakhs)
  • Loss Before Exceptional Items and Tax: ₹(689.00) lakhs (Previous year profit: ₹52.70 lakhs)
  • Exceptional Items: ₹(20.60) lakhs
  • Loss Before Tax: ₹(709.60) lakhs
  • Tax Expense: ₹650.64 lakhs (includes deferred tax of ₹650.64 lakhs)
  • Net Loss: ₹(1,360.24) lakhs (Previous year profit: ₹396.42 lakhs)
  • Reserves and Surplus: ₹3,482.50 lakhs (Previous year: ₹4,648.05 lakhs)
  • Earnings Per Share: ₹(27.20) (Previous year: ₹0.50)
  • Paid-up Equity Share Capital: ₹100.00 lakhs (50,00,000 equity shares of ₹2 each)
  • Authorized Share Capital: ₹30,00,00,000 (15,00,00,000 equity shares of ₹2 each)
  • Market Capitalization as on March 31, 2026: ₹3,011 lakhs

Corporate Structure Changes

  • Statutory Auditors: M/s B K Shroff & Co resigned w.e.f June 18, 2026; M/s Vyas & Vyas appointed w.e.f July 07, 2026
  • Chief Financial Officer: Mr. Sunil Kumar served until June 30, 2026; Mr. Ayush Goel appointed w.e.f July 01, 2026
  • Company Secretary: Mr. Nitin Dubey
  • Board consists of 6 members: 3 Non-Executive Independent Directors, 1 Non-Executive Non-Independent Promoter Director, 2 Executive Non-Independent Directors

80th Annual General Meeting Details

  • Date: September 26, 2026 at 1:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: September 19, 2026
  • Register of Members and Share Transfer Books closed from September 19, 2026 to September 26, 2026
  • E-voting period: September 22, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)

AGM Resolution Agenda

Ordinary Business

1. Adoption of audited standalone financial statements for FY26

2. Re-appointment of Mr. Ramesh Chandragiri Reddappa (DIN: 10535137) who retires by rotation

3. Appointment of M/s Vyas & Vyas as statutory auditors for 5 years until 85th AGM

Special Business

4. Appointment of M/s Vyas & Vyas to fill casual vacancy caused by resignation of M/s B K Shroff & Co

5. Approval for providing corporate guarantee of ₹35 crores and creating mortgage/charge on company properties for credit facilities of Baumann Dekor Private Limited

6. Increase in NRI/OCI investment limits from 10% to 24% of paid-up capital

7. Enhancement in limits for investments/loans/guarantees/securities under Section 186 of Companies Act to ₹2,000 crores

8. Conversion of loan into equity pursuant to NCLT-approved resolution plan for Baumann Dekor Private Limited

9. Approval for availing non-interest bearing unsecured loan up to ₹50 crores from Mr. Ajay Bikram Singh with conversion option

10-16. Approval of material related party transactions with various entities for FY 2026-27 to FY 2028-29:

  • Warps and Wefts FZC: ₹20 crores annually
  • Design Coordinates FZC: ₹20 crores annually
  • Baumann Dekor Private Limited: ₹20 crores annually
  • Consilio Resources Private Limited: ₹5 crores annually
  • Baumann Dekor FZC: ₹20 crores annually
  • Shakuntla Sampling: ₹20 crores annually
  • Trendz Building Materials Trading LLC: ₹20 crores annually

Capital Structure Changes During FY26

  • Issued 50,00,000 equity shares of ₹2 each on April 03, 2025 via preferential allotment as per NCLT-approved resolution plan
  • Conducted two Offer for Sale (OFS) transactions to achieve minimum public shareholding requirements:
  • First OFS: 2,50,000 equity shares sold on July 29-30, 2025 achieving 5% MPS
  • Second OFS: 1,38,660 equity shares sold on March 18-19, 2026
  • Additional 1,11,340 shares sold in open market on April 06, 2026
  • Post-transactions promoter shareholding: 92.23% (Baumann Dekor Private Limited), public shareholding: 7.77%
  • All equity shares held in dematerialized form (NSDL: 94.3%, CDSL: 5.7%)

Related Party Transactions Disclosed

Transactions entered during FY26 with related parties including Baumann Dekor FZC (sales: ₹1.83 crores), Baumann Dekor Private Limited (receipts: ₹39.28 crores as per resolution plan), Warps and Wefts FZC (sales: ₹6.13 crores), and others as detailed in Form AOC-2.

Additional Information

  • Company has four manufacturing units located in Bangalore, Nanjangud, and West Bengal
  • Bankers: State Bank of India
  • Registrar & Share Transfer Agent: ABS Consultant Pvt. Ltd.