AGM Details

The Fifty Fourth Annual General Meeting will be held on Wednesday, September 30, 2026 at 10:00 A.M. at the Registered Office at P 2/6, IDA, Block-III, Uppal, Hyderabad - 500 039, Telangana.

Business to be Transacted

1. To receive, consider and adopt the Audited Accounts of the Company for the year ended March 31, 2026 and the Reports of the Directors and Auditors thereon.

2. To appoint Director in place of Mr. Thiyagarajan Loganathan who retires by rotation and being eligible, offers himself for re-appointment.

Director Information for Re-appointment

  • Name: Mr. Thiyagarajan Loganathan
  • DIN No.: 10272471
  • Date of Birth: February 5, 1973
  • Date of last appointment: December 29, 2023
  • Experience: Industrial/Business Experience of more than 4 decades
  • Shareholding: NIL
  • Relationship with other Directors: NIL

E-Voting Details

  • Remote e-Voting through NSDL from September 27, 2026 (10:00 A.M.) to September 29, 2026 (5:00 P.M.)
  • Cut-off date for determining voting rights: September 23, 2026
  • Voting rights proportional to paid-up equity share capital as on cut-off date

Financial Highlights (₹ Lakhs)

| Particulars | 31st March 2026 | 31st March 2025 |

| Sales/Other Income | 1317 | 146 |

| Gross Profit | 1222 | 5 |

| Interest | 0 | 0 |

| Cash Profit | 1232 | 0 |

| Depreciation | 3 | 21 |

| Profit Before Tax | 1219 | 36 |

| Profit After Tax | 1216 | 36 |

Operations and State of Affairs

The Company has just come out of Corporate Insolvency Resolution Process (CIRP) and is under revamping. The Company did not have any business activity during the period under report and ended with a profit of ₹1216 lakhs compared to previous year profit of ₹36 lakhs.

Dividend & Transfer to Reserve

Due to accumulated losses, no dividend on equity shares has been recommended and no amount is proposed to be transferred to reserves.

Corporate Insolvency Resolution Process Status

The Resolution Plan has been fully implemented and the Compliance IA filed before NCLT Hyderabad bench was approved on June 6, 2024. The Corporate Insolvency Resolution Process is fully completed in all respects.

Share Capital

  • Paid-up equity capital: 8,863,158 equity shares of ₹10 each amounting to ₹886.32 lakhs
  • BSE listing approved vide Letter no. DCS/AMAL/TS/R37-1BC/3603/2025-26 dated April 30, 2025
  • Trading approval received from BSE vide Notice Number 20251128-55 dated November 28, 2025

Business Restructuring

The machineries at Silvassa were totally in unusable condition and beyond revamping. The assets at Silvassa were sold during the year. The Board is pursuing prospects of setting up a fabrication and galvanizing unit at Hyderabad for Tower Construction. Detailed project report is under preparation.

Litigation and Debt

With settlement of all stakeholders as stated in the approved Resolution Plan, the Company is a "DEBT FREE COMPANY" as on date without any charge whatsoever on the assets.

Key Financial Position Details (as at March 31, 2026)

  • Total Assets: ₹341.36 lakhs (Previous year: ₹694.18 lakhs)
  • Equity Share Capital: ₹886.32 lakhs
  • Other Equity: Negative ₹1,463.59 lakhs (accumulated losses)
  • Current Liabilities: ₹914.71 lakhs (mainly borrowings of ₹899.73 lakhs)
  • Cash and Cash Equivalents: ₹37.52 lakhs

Exceptional Items

Profit on Sale of Fixed Assets: ₹1,309.00 lakhs (Previous year: ₹142.56 lakhs)

Board of Directors

1. Shri Pichakal Venkateshwar Rao (DIN: 00651696)

2. Smt Kanneganti Ramalakshmi (DIN: 00179795)

3. Shri Snehal Shantilal Mehta (DIN: 00967226)

4. Shri Thiyagarajan Loganathan (DIN: 10272471)

Key Managerial Personnel

Shri V. Subramanian - Company Secretary & Chief Financial Officer (Remuneration: ₹4.26 lakhs)

Auditor Information

Statutory Auditors: M/s Brahmayya & Co., Chartered Accountants (Firm Registration No. 0005135)

Appointed for 5 years upto 2027-28 by members in AGM held on December 29, 2023

Auditor's Key Emphasis

  • Material Uncertainty Related to Going Concern: Though net worth is negative and company continues to incur losses, financial statements prepared on going concern basis as company is in process of revival
  • No qualifications or adverse remarks in Auditors' Report

Secretarial Audit

M/s S.V. Achary & Co, Company Secretaries conducted secretarial audit with no qualifications, reservation or adverse remark

Corporate Governance Exemption

The Company is exempted from "Corporate Governance Report" as paid-up equity share capital is less than ₹10 crores and net-worth is less than ₹25 crores

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 95.00% (7,000,000 shares by K Ramalakshmi + 1,420,000 shares by Amrutha Constructions Pvt Ltd)
  • Public Shareholding: 5.00%
  • No change in shareholding during the year

Related Party Transactions

  • No contracts/arrangements/transactions with related parties during financial year
  • Balances due: Smt. Kanneganti Ramalakshmi (₹125.73 lakhs), Amrutha Constructions Private Limited (₹759.77 lakhs)