Key Financial Performance (FY 2025-26 vs FY 2024-25)

Income Statement Highlights (₹ in lakhs):

  • Gross Income: ₹47.21 (down from ₹304.61 in FY25) - 84.5% decrease
  • Finance Cost: ₹0.85 (down from ₹1.06)
  • Employee Benefit Expenses: ₹20.89 (up from ₹20.70)
  • Depreciation: ₹10.92 (up from ₹10.64)
  • Other Expenses: ₹40.60 (down from ₹52.55)
  • Total Expenses: ₹73.27 (down from ₹84.95)
  • Profit/(Loss) Before Tax: (₹26.05) loss (down from ₹219.66 profit)
  • Total Tax Expenses: ₹1.12 (down from ₹45.69)
  • Net Profit/(Loss) After Tax: (₹27.17) loss (down from ₹173.96 profit)
  • Dividend Paid: ₹15.00 (same as previous year)
  • Profit Carried Forward: ₹1,321.92 (down from ₹1,364.09)

Balance Sheet Position (as of 31st March, 2026):

  • Total Assets: ₹15,19,64,437
  • Investments: ₹10,58,57,402 (primarily in quoted and unquoted shares)
  • Cash and Cash Equivalents: ₹6,32,232
  • Other Bank Balances: ₹2,64,12,559 (fixed deposits pledged for exchange margins)
  • Trade Receivables: ₹81,61,474
  • Property, Plant & Equipment: ₹25,15,179
  • Paid-up Equity Share Capital: ₹1,50,00,000 (15,00,000 equity shares of ₹10 each)
  • Promoter Holding: 52.57% (7,88,571 shares)

Annual General Meeting Details

  • Meeting: 40th Annual General Meeting
  • Date: Friday, 25th September, 2026
  • Time: 4:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: Friday, 18th September, 2026
  • Book Closure: 19th September to 25th September, 2026 (both days inclusive)

Agenda Items:

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

2. Re-appointment of Mr. Manish Banthia (DIN: 00117002) who retires by rotation

Board of Directors

  • Mr. Surendra Banthia (Chairman)
  • Mr. Giriraj Kumar Dammani (Managing Director)
  • Mr. Manish Banthia (Whole-Time Director and Chief Financial Officer)
  • Ms. Sudha Jodhani (Company Secretary and Compliance Officer)

Key Managerial Personnel

Same as Board members above

Auditor Appointments

  • Statutory Auditors: M/s Paresh D. Shah & Co., Chartered Accountants (appointed until 41st AGM)
  • Secretarial Auditors: M/s. P. C. Shah & Co., Practicing Company Secretaries

Dividend Declaration

No dividend recommended for FY 2025-26 due to loss incurred. The company plans to plough back profits into operations.

Business Operations

The company continues as a member of National Stock Exchange (NSE) registered as Stock Broker, carrying on business in brokerage in shares, and investing/trading in shares and futures & options.

Capital Structure

No change in share capital during the year. Paid-up equity share capital remains at ₹1,50,00,000.

Compliance and Regulatory Matters

Secretarial Audit Qualifications:

The secretarial audit report by M/s. P. C. Shah & Co. noted several compliance deficiencies:

1. Non-constitution of Audit Committee & Nomination and Remuneration Committee

2. Board approvals without committee recommendations for financial statements and director reappointments

3. Non-appointment of Internal Auditor

4. Non-convening of separate meeting of Independent Directors (none appointed)

5. Absence of Management Discussion and Analysis Report

6. Non-appointment of Independent Directors and Woman Director

Management cited small business size and volume as justification for these deficiencies.

Other Compliance Disclosures:

  • No material changes or commitments affecting financial position between year-end and report date
  • No deposits accepted from public
  • No loans, guarantees or security provided under Section 186
  • No material related party transactions
  • CSR provisions not applicable
  • No significant material orders from regulators/courts
  • No fraud reported by auditors
  • No pending litigations impacting financial position

Risk Factors Identified

  • Monetary Policy of the Country
  • Interest Rate Cycle
  • Fluctuation in crude oil and commodity prices
  • Changes in Government policies
  • Status of Indian & World Economy

Unclaimed Dividend Information

Last dates for claiming unclaimed dividends:

  • FY 2022-23: Claim by 31st October, 2030
  • FY 2023-24: Claim by 31st October, 2031
  • FY 2024-25: Claim by 30th October, 2032

Voting Arrangements for AGM

  • Remote e-voting period: 22nd to 24th September, 2026
  • CDSL appointed as e-voting agency
  • Physical attendance dispensed with due to MCA circulars

Key Financial Ratios

  • Current Ratio: Not explicitly stated but calculable from current assets/liabilities
  • Debt-Equity Ratio: 0.01 (low leverage)
  • Return on Capital Employed: Negative due to loss
  • Net Profit Margin: Negative due to loss

Auditor's Opinion

Unmodified audit opinion from both statutory and secretarial auditors. Statutory auditors confirmed adequate internal financial controls.

Corporate Governance

Company exempt from mandatory corporate governance requirements under Regulation 15(2) of SEBI LODR due to paid-up capital below ₹10 crores and net worth below ₹25 crores.