Key Quantitative Figures

  • Standalone Financial Performance (FY 2025-26):
  • Revenue from Operations: Nil
  • Other Income: ₹41.81 lakhs
  • Profit Before Tax: ₹22.70 lakhs
  • Current Tax: ₹5.71 lakhs
  • Profit After Tax: ₹16.99 lakhs
  • Earnings Per Share: ₹0.24
  • Dividend Received from Fortune Stones Limited: ₹35.95 lakhs
  • Consolidated Financial Performance (FY 2025-26):
  • Revenue from Operations: Nil
  • Other Income: ₹5.87 lakhs
  • Loss Before Tax: ₹(13.25) lakhs
  • Current Tax: ₹5.71 lakhs
  • Loss After Tax: ₹(18.96) lakhs
  • Share in Profit of Associate (Fortune Stones Limited): ₹470.85 lakhs
  • Profit After Share in Associate: ₹451.89 lakhs
  • Earnings Per Share: ₹6.42
  • Capital Structure:
  • Authorized Share Capital: ₹720.00 lakhs
  • Paid-up Share Capital: ₹704.00 lakhs
  • Number of Equity Shares: 7,040,000 of ₹10 each

Dates of Action

  • Annual General Meeting: Wednesday, 30th September, 2026 at 10:00 a.m.
  • Book Closure: Thursday, 24th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive)
  • E-voting Period: Sunday, 27th September, 2026 (09:00 a.m. IST) to Tuesday, 29th September, 2026 (05:00 p.m. IST)
  • Cut-off Date for E-voting: 23rd September, 2026

Parties Involved

  • Stock Exchange: Bombay Stock Exchange Limited (BSE)
  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Private Limited
  • Statutory Auditors: M/s. D. Kothary & Co., Chartered Accountants
  • Secretarial Auditors: M/s. Vishakha Harbola & Associates, Company Secretaries
  • Internal Auditors: M/s. Bansi Khandelwal & Co.
  • Associate Company: Fortune Stones Limited (36.01% holding)

AGM Agenda Items

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at 31st March, 2026 and the Profit and Loss Account for the year ended on that date, together with the Reports of the Directors and the Auditors thereon.

2. To appoint a Director in place of Mrs. Rekha Shrivastava (DIN: 00051261), who retires by rotation and being eligible offers herself for re-appointment.

Special Business:

3. To re-appoint Mr. Nivedan Bharadwaj as Managing Director of the Company for a period of 5 years from 1st October, 2026 to 30th September, 2031.

  • Mr. Bharadwaj holds 224,886 shares (3.19%)
  • Was not drawing any remuneration during FY 2025-26
  • Proposed remuneration: Nil (as per explanatory statement)

4. To consider and approve the appointment of M/s. Vishakha Harbola & Associates, Company Secretaries in Practice, as the Secretarial Auditors of the Company for a term of five consecutive financial years from FY 2025-26 to FY 2029-30.

Financial and Operational Impact

  • The company had no operational revenue during FY 2025-26 but earned profit primarily from dividend income from its associate company Fortune Stones Limited.
  • No dividend declared for FY 2025-26 due to insufficient profits.
  • The company's shares were delisted from The Calcutta Stock Exchange Limited with effect from 24th February, 2026.
  • 77.47% of the company's shares are held in dematerialized form as of 31st March, 2026.

Capital Structure Impact

  • No change in share capital during the year.
  • Promoter holding stands at 62.17% as of 31st March, 2026.

Corporate Governance

  • The company has complied with corporate governance requirements despite being exempt due to its paid-up capital and net worth being below prescribed limits.
  • Board comprises 5 directors with 2 independent directors.
  • Conducted 5 board meetings and 5 audit committee meetings during the year.

Voting Procedures

  • Detailed e-voting procedures provided for shareholders through NSDL
  • Physical voting will be available at the AGM venue
  • Scrutinizer will be appointed to count votes