Key Financial Figures (Amount in ₹ Lakhs)
Financial Performance FY 2025-26 vs FY 2024-25:
- Revenue from Operations: ₹2,524.86 (Previous: ₹17,524.46)
- Other Income: ₹7.45 (Previous: ₹3.67)
- Total Revenue: ₹2,532.31 (Previous: ₹17,528.13)
- Total Expenses: ₹4,387.03 (Previous: ₹16,408.17)
- Loss before Depreciation, Exceptional Items and Tax: ₹(1,854.72) (Previous: Profit ₹1,119.96)
- Depreciation/Amortization: ₹(2.72) (Previous: ₹(2.68))
- Loss before Tax: ₹(1,857.44) (Previous: Profit ₹1,117.28)
- Current Tax: ₹0.00 (Previous: ₹2.22)
- Deferred Tax: ₹4.65 (Previous: ₹(0.45))
- Net Loss for the Period: ₹(1,862.09) (Previous: Net Profit ₹1,115.51)
Reserves & Surplus:
- Opening Balance: ₹2,206.77
- Current Year's Profit/Loss: ₹(1,862.09)
- Securities Premium Account: ₹1,352.01
- Total Reserves: ₹1,696.69
Share Capital Changes
Authorized Share Capital: Increased from ₹30.00 crores to ₹80.00 crores (800 million equity shares of ₹1 each) approved at EGM on 28th April, 2025.
Paid-up Share Capital: ₹77.12 crores (771.2 million equity shares of ₹1 each) as of 31st March, 2026, increased due to:
- Allotment of 482 million fully paid-up Rights Equity Shares of face value ₹1.00 each at price of ₹1.00 per share
Dividend
No dividend recommended for FY 2025-26 (Previous year: Nil). No unclaimed dividends requiring transfer to IEPF.
Board and Committee Meetings
Board Meetings: 7 meetings held on 28th May 2025, 29th May 2025, 25th July 2025, 14th August 2025, 5th September 2025, 14th November 2025, and 14th February 2026.
Audit Committee: 6 meetings with 100% attendance by all members (Mr. Peeyush Sethia, Mr. Maheshkumar Patel, Ms. Apra Sharma)
Nomination and Remuneration Committee: 1 meeting on 5th September 2025
Stakeholders' Relationship Committee: 1 meeting on 5th September 2025
Key Management Personnel
- Mr. Maheshkumar Jethabhai Patel: Managing Director & CFO (DIN: 10872459)
- Ms. Shivi Kapila: Company Secretary (resigned w.e.f. 2nd June 2026)
Directors
- Mr. Maheshkumar Jethabhai Patel: Managing Director (retiring by rotation, seeking re-appointment)
- Mr. Peeyush Sethia: Independent Director
- Ms. Apra Sharma: Independent Director
- Mr. Ashishkumar Jayantilal Kapadiya: Non-Executive & Non-Independent Director
Secretarial Audit Qualifications
The Secretarial Audit Report noted the following non-compliances:
1. Non-submission of Annual Secretarial Compliance Report (Regulation 24A) within stipulated time
2. Incorrect constitution of Audit Committee for quarter ended 30th June 2025 (Regulation 18)
3. Non-appointment of qualified Company Secretary as on 31st March 2025 (Regulation 6(1))
4. Non-redressal of investor complaints within stipulated time (Regulation 13(1))
5. Non-submission of Scrutinizer's Report to stock exchange for EGM held on 28th April 2025 (Regulation 44(3))
6. SDD Non-Compliant status on BSE website due to technical issues
Management Responses: Committed to timely compliances in future, correcting committee compositions, and installing new SDD software system.
AGM Details
44th Annual General Meeting: Saturday, 29th August 2026 at 4:00 PM through Video Conferencing/Other Audio-Visual Means
Business to be transacted:
1. Adoption of audited financial statements for FY 2025-26
2. Re-appointment of Mr. Maheshkumar Jethabhai Patel as Director retiring by rotation
Record Date: 22nd August 2026
Book Closure: 22nd August 2026 to 29th August 2026 (both days inclusive)
Shareholding Pattern (as on 31st March 2026)
- Total Shareholders: 172,163
- Total Paid-up Capital: ₹77.12 crores (771.2 million shares)
- 100% shares in dematerialized form
- 46% holding by shareholders with over 100,000 shares
Other Material Information
- No material changes or commitments affecting financial position between year-end and report date
- No significant orders passed by regulators/courts/tribunals impacting going concern status
- No material related party transactions
- No frauds reported by auditors
- No applications/proceedings under Insolvency and Bankruptcy Code, 2016
- No sexual harassment complaints filed during the year