Key Financial Figures (₹ in Lakhs)

Financial Performance Comparison:

| Particulars | 2025-26 | 2024-25 |

| Income from operation | 603 | 569 |

| Other income | 6 | 11 |

| Profit before interest, depreciation & Tax | 29 | 46 |

| Interest | 3 | 3 |

| Depreciation | 6 | 7 |

| Taxation | 6 | 9 |

| Net Profit/(Loss) during the year | 14 | 27 |

| Accumulated losses | 107 | 121 |

Balance Sheet Highlights (as at 31 March 2026):

  • Total Assets: ₹405.87 lakhs (Previous: ₹390.06 lakhs)
  • Equity Share Capital: ₹451.85 lakhs (unchanged)
  • Other Equity: ₹(-106.72) lakhs (Previous: ₹(-120.69) lakhs)
  • Current Assets: ₹353.89 lakhs (Previous: ₹333.10 lakhs)
  • Cash and cash equivalents: ₹39.97 lakhs (Previous: ₹50.23 lakhs)
  • Trade receivables: ₹56.73 lakhs (Previous: ₹28.10 lakhs)
  • Inventories: ₹9.02 lakhs (Previous: ₹0.23 lakhs)

AGM Details and Resolutions

40th Annual General Meeting Date: 26 September 2026

Time: 10:00 AM

Venue: Registered Office at Plot no 40, Scheme no 78, Part II, Vijaynagar, Indore (MP)-452010

Book Closure: 19 September 2026 to 26 September 2026 (both days inclusive)

Ordinary Business:

1. Adoption of Audited Statement of Profit & Loss for year ended 31 March 2026, Balance Sheet as on 31 March 2026, and reports of Board of Directors and Auditors

2. Re-appointment of Shri K.R Maheshwary (DIN 00786402) as Director retiring by rotation

Special Business:

3. Re-appointment of Mr. Dinesh Kumar Randhar (DIN: 08646283) as Independent Director for a second term of 3 consecutive years from 26 September 2026 to 26 September 2029

Director Information and Remuneration

Board of Directors:

  • Mr. Gagan Maheshwary - Managing Director
  • Mr. K.R Maheshwary - Director
  • Mr. B.S Rana - Director
  • Mr. Dinesh Kumar Randhar - Independent Director
  • Smt. Usha Srivastava – Independent Director

Key Managerial Personnel:

  • Ms. Anjali Jain - Company Secretary and Compliance Officer
  • Mr. B.S Rana - Chief Financial Officer

Remuneration Paid to Directors (FY 2025-26):

  • Shri Gagan Maheshwary, Managing Director: ₹12.00 lakhs
  • Shri B.S. Rana, Director: ₹5.73 lakhs
  • Ms. Anjali Jain, Company Secretary: ₹2.80 lakhs
  • Total: ₹20.53 lakhs

No sitting fees were paid to any directors, and no loans or advances were taken by directors from the company.

Operational Highlights and Business Context

The company operates an LPG bottling plant in Pithampur, Distt. Dhar and markets LPG in 17/21/33 kg cylinders. The company provides LPG bottling assistance to Reliance Petro Marketing Ltd. and Aegis Gas LPG Pvt Ltd., and also sells LPG in its own cylinders.

Challenges disclosed: The LPG business is not picking up despite best efforts due to:

  • Dominance of PSU companies in the Indian LPG industry (90% demand from domestic segment)
  • Subsidized domestic LPG provided by PSU companies not available to private sector
  • Threat from PNG (Piped Natural Gas) as alternate fuel in the area
  • Business not likely to pick up in future due to PNG availability

Corporate Governance and Committees

Committee Composition:

Audit Committee:

  • Shri Dinesh Kumar Randhar (Independent Director) - Chairman
  • Smt Usha Shrivastava (Independent Director) - Member
  • Shri B.S Rana (Director) - Member

Stakeholder Relationship Committee:

  • Shri Dinesh Kumar Randhar (Independent Director) - Chairman
  • Smt Usha Shrivastava (Independent Director) - Member
  • Shri B.S Rana (Director) - Member

Nomination & Remuneration Committee:

  • Shri Dinesh Kumar Randhar (Independent Director) - Chairman
  • Smt Usha Shrivastava (Independent Director) - Member
  • Shri B.S Rana (Director) - Member

Dividend Declaration

No dividend recommended for the year 2025-2026 due to accumulated losses.

Auditor Appointments and Reports

Statutory Auditors: M/s. Dilip K Neema & Associates, Chartered Accountants (Appointed in 36th AGM to hold office till conclusion of 41st AGM)

Secretarial Auditor: Ms. Heena Agrawal, Practicing Company Secretary

Both auditors provided unqualified reports with no fraud reported under section 143(12) of the Companies Act, 2013.

Related Party Transactions

Transaction disclosed: Rent paid to Richa Maheshwary (related party) amounting to ₹4.05 lakhs for the period April 2025-March 2026.

Shareholding Pattern

Promoter Shareholding: 38.75% of total shares

Major Shareholders (>5%):

  • Reekay seamless equipments & solutions p. Ltd: 14.20%
  • Gagan Investment Pvt. Ltd.: 9.90%
  • Kul Rattan Maheshwary: 7.58%
  • Gagan Maheshwary: 8.27%

E-Voting Instructions

The company provided detailed instructions for remote e-voting through CDSL/NSDL systems for the AGM resolutions. The voting period begins on 23 September 2026 at 10:00 AM and ends on 25 September 2026 at 5:00 PM.

Other Significant Disclosures

  • The company has not accepted any public deposits
  • No material changes or commitments affecting financial position after 31 March 2026
  • No corporate social responsibility (CSR) spending required
  • No penalties/punishment/compounding of offences reported
  • Company follows Indian Accounting Standards (Ind AS)
  • Four Board meetings held during the financial year