Financial Performance (Standalone)

Revenue from Operations: ₹351.22 lakhs (FY25: ₹310.74 lakhs)

Profit Before Tax: ₹443.32 lakhs

Profit After Tax: ₹337.44 lakhs (FY25: ₹152.03 lakhs)

Other Income: ₹212.16 lakhs (includes interest income of ₹196.88 lakhs)

Total Expenses: ₹328.11 lakhs

Earnings Per Share: ₹4.85 (basic)

Key Financial Position (Standalone as of March 31, 2026)

Total Assets: ₹273.66 lakhs

Equity Share Capital: ₹696.29 lakhs (69.63 lakh shares of ₹10 each)

Reserves & Surplus: ₹143.41 lakhs

Trade Receivables: ₹129.31 lakhs

Cash & Cash Equivalents: ₹46.11 lakhs

Loans & Advances: ₹373.78 lakhs

Short-term Borrowings: ₹309.16 lakhs

Trade Payables: ₹250.08 lakhs

Dividend Information

  • Interim dividend of ₹0.50 per equity share paid on December 19, 2025
  • No final dividend recommended for FY 2025-26
  • Unclaimed dividends beyond 7 years to be transferred to IEPF

Annual General Meeting Details

Date: September 28, 2026

Time: 3:00 PM

Mode: Video Conferencing/Other Audio-Visual Means

Agenda:

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

2. Re-appointment of Mr. Hirenkumar Jashvantbhai Patel (DIN: 08983888) as director retiring by rotation

3. Special business: Approval of remuneration for Mr. Prafullchandra Vitthalbhai Patel (DIN: 08376125) as Chairman & Managing Director for period from June 16, 2026 to June 15, 2028

Management Remuneration Proposal

Proposed remuneration for Mr. Prafullchandra Patel:

  • Basic salary: Up to ₹200,000 per month
  • Perquisites limited to annual salary amount
  • Category A: LTA, club fees, mediclaim insurance
  • Category B: Provident fund, gratuity
  • Category C: Car with driver, communication facilities, entertainment expenses
  • No sitting fees for board/committee meetings

Current remuneration: ₹1,800,000 for FY 2025-26

Shareholding: 1,627,940 shares (23.38%)

Subsidiary Information

Padmavati Chemicals (60% subsidiary):

  • Revenue: ₹199.42 lakhs
  • Profit after tax: ₹25.07 lakhs
  • Net worth: ₹104.94 lakhs
  • Total assets: ₹280.23 lakhs

Board and Committee Composition

Directors:

  • Mr. Prafullchandra Vitthalbhai Patel (Chairman & MD)
  • Mr. Hirenkumar Jashvantbhai Patel
  • Mr. Jashvantbhai Shankarlal Patel
  • Mrs. Kajal Ritesh Soni (Independent)
  • Mrs. Sonu Gupta (Independent)

Key Managerial Personnel:

  • Mr. Prafullchandra Patel (MD)
  • Mrs. Ila Sunil Trivedi (CFO)
  • Ms. Rina Singh (Company Secretary)

Committee Composition:

  • Audit Committee: Mrs. Kajal Soni (Chairman), Mrs. Sonu Gupta, Mr. Hiren Patel
  • Stakeholders Relationship Committee: Mrs. Kajal Soni (Chairman), Mrs. Sonu Gupta, Mr. Jashvantbhai Patel
  • Nomination & Remuneration Committee: Mrs. Sonu Gupta (Chairman), Mrs. Kajal Soni, Mr. Hiren Patel

Board Meetings

14 meetings held during FY 2025-26 on: May 19, May 30, June 28, August 4, August 13, September 1, November 14, November 20, December 8, December 10, December 16, December 22, February 14, and February 20, 2026.

Audit Observations

Secretarial Audit qualifications:

1. Non-implementation of System Driven Disclosures mechanism as mandated by SEBI

2. Non-publication of financial results in newspapers as required under Regulation 47 of SEBI LODR

Management response: Committed to resolving both issues and ensuring future compliance.

Shareholding Pattern

Promoters:

  • Prafullchandra Patel: 23.38%
  • Hirenkumar Patel: 6.78%
  • Jashvantbhai Patel: 7.67%

Total promoter holding: 37.83%

Corporate Actions

  • No change in nature of business during the year
  • No new directors appointed or resigned
  • No mergers/acquisitions during the year
  • No deposits accepted from public
  • No material changes affecting financial position post-year end

Voting Information

Cut-off date: September 21, 2026

Remote e-voting period: September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)

E-voting agency: Central Depository Services (India) Limited

Scrutinizer: Mr. Utkarsh Shah of M/s. Utkarsh Shah & Co.

Other Disclosures

  • Company engaged in trading business
  • 3 permanent employees on rolls as of March 31, 2026
  • No cases filed under Sexual Harassment of Women at Workplace Act, 2013
  • No fraud reported by auditors during the year
  • Adequate internal financial controls in place