Financial Performance Summary
Revenue from Operations: ₹454.69 thousand (decreased 0.64% from previous year's ₹457.62 thousand)
Cost of Materials Sold: ₹190.03 thousand (previous year: ₹255.40 thousand)
Employee Benefit Expenses: ₹2,091.60 thousand (previous year: ₹2,117.11 thousand)
Depreciation and Amortization: ₹512.67 thousand (previous year: ₹575.32 thousand)
Other Expenses: ₹1,214.13 thousand (previous year: ₹1,347.40 thousand)
Profit Before Tax (PBT): (₹3,553.73) thousand (previous year: (₹3,837.61) thousand)
Tax Expense: ₹25.12 thousand (Deferred tax)
Net Loss After Tax: (₹3,578.85) thousand (improved from previous year's loss of (₹3,873.26) thousand)
Earnings Per Share: Basic and Diluted (₹0.92) (previous year: (₹0.99))
Capital Structure
Paid-up Equity Share Capital: ₹3,896.50 thousand (38,96,496 equity shares of ₹10 each)
Reserves and Surplus: ₹38,453.54 thousand (includes Security Premium of ₹55,978.88 thousand and negative P&L balance of (₹17,525.34) thousand)
Key Financial Positions
Property, Plant and Equipment: ₹2,665.67 thousand (Net Block after depreciation)
Inventories: ₹76,786.65 thousand (primarily work-in-progress valued at ₹74,009.03 thousand and finished goods at ₹2,777.63 thousand)
Trade Receivables: ₹3,835.91 thousand (all considered good, unsecured, and outstanding for more than 3 years)
Cash and Cash Equivalents: ₹1,979.30 thousand
Long-term Loans and Advances: ₹2,837.19 thousand
Corporate Governance and Board Details
Board Composition: 4 Directors including 2 Independent Directors
Managing Director: Mr. Sachet Saraf (DIN: 01377285)
Other Directors: Ms. Rashmi Saraf (DIN: 02096360), Ms. Neha Kedia (DIN: 02561357), Mr. Chandra Kant Khemani
Company Secretary: Ms. Hardika Pancholi
CFO: Ms. Suman Saraf
Board Meetings: 5 meetings held during FY 2025-2026
Committee Meetings: Audit Committee (4 meetings), Nomination and Remuneration Committee (1 meeting), Stakeholders Relationship Committee (1 meeting)
Statutory Auditors
Statutory Auditor: M/s. S L PRASAD & CO, Chartered Accountants
Secretarial Auditor: Ms. Neha Poddar
Internal Auditor: Mr. Samit Kumar Baid
All auditors reported no qualifications, reservations, or adverse remarks in their reports.
AGM and Resolutions
18th Annual General Meeting: Scheduled for September 29, 2026, at 01:30 PM at registered office
Ordinary Business:
1. Adoption of audited financial statements for FY 2025-2026
2. Re-appointment of Ms. Rashmi Saraf who retires by rotation
Special Business:
3. Re-appointment of Mr. Sachet Saraf as Chairman and Managing Director for one year from January 18, 2026, with minimum remuneration of ₹5,00,000 per annum
Shareholding Pattern (as on March 31, 2026)
Promoters: 32.40% (1,262,496 shares)
Bodies Corporate: 15.58% (607,000 shares)
IEPF: 2.86% (111,550 shares)
Indian Public: 48.90% (1,905,450 shares)
Trusts: 0.26% (10,000 shares)
Legal Proceedings
The company has filed a civil suit at the Hon'ble High Court at Kolkata against Mr. Rakesh Singh and others for copyright infringement of Bengali feature film 'Ichhe'. The court granted an injunction order on September 8, 2011, restraining defendants from realizing proceeds from the film's exhibition and appointed a receiver for collection of proceeds.
Related Party Transactions
Rent Paid: ₹330.00 thousand to Ms. Rashmi Saraf (Director) for premises at 12, Free School Street, Kolkata - 700016
Associate Company: Encash Securities Ltd (25.69% shareholding)
Other Material Information
- The company has not declared any dividend for FY 2025-2026
- No material changes in the nature of business during the year
- No significant orders passed by regulators/courts impacting going concern status
- Company has adequate internal financial controls systems
- All directors have confirmed compliance with Code of Conduct
- No fraud reported by auditors during the year
- Company has not accepted any public deposits