AGM Details
- Date: Wednesday, 30th September 2026
- Time: 11:00 A.M.
- Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Record Date: Wednesday, 23rd September 2026
Business Items for AGM
Ordinary Business
1. Adoption of audited standalone financial statements for FY ended 31st March 2026 and reports of Board of Directors and Auditors
2. Reappointment of Mr. Praveen Kumar Raju Gottumukkala (DIN: 05180152) as Whole Time Director and CFO who retires by rotation
Special Business
3. Approval of material related party transactions with Western Bio Systems India Private Limited for FY 2026-27:
- Purchase of goods/materials and business inputs: Up to ₹3 crore
- Manpower/labour-related services: Included within ₹3 crore aggregate limit
- Acceptance of inter-corporate deposits: Up to ₹5 crore principal plus applicable interest
- Total proposed value: ₹8 crore plus interest on ICDs
Financial Performance Highlights (FY 2025-26)
- Revenue from operations: ₹2390.53 lakh (87.97% increase from ₹1271.78 lakh in FY25)
- Total Income: ₹2427.27 lakh (from ₹1373.35 lakh in FY25)
- EBITDA (before exceptional items): (₹891.88) lakh (from (₹824.11) lakh in FY25)
- Finance Cost: ₹25.00 lakh (from ₹34.82 lakh in FY25)
- Depreciation: ₹158.40 lakh (from ₹113.60 lakh in FY25)
- Loss Before Tax: (₹1008.32) lakh (44.85% improvement from (₹1828.32) lakh in FY25)
- Tax Expense: ₹0.06 lakh
- Loss After Tax: (₹1008.38) lakh (from (₹1828.32) lakh in FY25)
- EPS: (₹3.89) (from (₹10.25) in FY25)
Capital Structure Changes
- Authorized Share Capital increased from ₹32 crore to ₹34.5 crore approved at EGM on November 07, 2025
- Preferential allotment of 34,41,417 Equity Shares at ₹33.50 per share (₹10 face value + ₹23.50 premium) on January 10, 2026
- Paid-up Equity Share Capital increased from ₹22,96,53,230 (2,29,65,323 shares) to ₹26,40,67,400 (2,64,06,740 shares)
Operational Highlights
- EcoBuild Division: Commissioned new 8 ft × 4 ft production line at Velapur facility; launched new products including EcoPallets, EcoHeatLogs, EcoDoor, and Eco HDUMR Boards
- EcoEnergy Division: Developed amine-based biogas purification technology; entered partnerships for advanced dry-digester technology
- Order Book: Robust position of over ₹46 crore as of March 31, 2026
- Capacity Utilization: Board division achieved 65% utilization, expected to reach 95% by Q2 FY27
Related Party Transactions Disclosure
- Western Bio Systems India Private Limited (CIN: U74900TG2015PTC099281)
- Nature of Relationship: Entity in which Directors are interested
- Related Directors: Mr. Rama Krishna Raju Gottumukkala (MD & CEO), Mr. Praveen Kumar Raju Gottumukkala (Whole Time Director & CFO), Mrs. Sujani V. Indukuri (Director)
- FY26 Transactions: ICD taken ₹2.72 crore, ICD repaid ₹7.20 crore, labour charges ₹54.75 lakh
- Materiality: Exceeds 10% threshold of annual consolidated turnover (₹23.91 crore)
Corporate Governance
- Board Composition: 6 Directors (2 Executive, 1 Non-Executive Woman Director, 3 Independent Directors)
- Board Meetings: 7 meetings held during FY25-26
- Committee Changes: Mrs. Geeta Chandrakant Kakade and Mr. Ram Mohan Bobbili appointed as Independent Directors from January 19, 2026
- Compliance Penalties: Paid penalties to BSE for delays in submission of various reports and statements
Dividend
No dividend recommended for FY 2025-26 due to accumulated losses.
Key Regulatory References
- Regulation 30 and Regulation 34 of SEBI LODR Regulations, 2015
- Section 152 of Companies Act, 2013 (Retirement by rotation)
- Regulation 23(4) of SEBI Listing Regulations (Related Party Transactions)
Voting Information
- Remote e-voting period: September 25, 2026 (9:00 A.M.) to September 29, 2026 (5:00 P.M.)
- e-voting service provider: National Securities Depository Limited (NSDL)
- Related parties restricted from voting on item no. 3 (RPT approval)
Contingent Liabilities
- Excise duty demands: ₹1114.64 lakh (subject to appeals pending in Supreme Court)
- Income tax demands: ₹689.89 lakh (appeals pending with ITAT/CIT(A))