Key Financial Figures (Standalone)

Financial Year 2025-26:

  • Revenue from Operations: ₹0.08 Lakhs (Previous Year: ₹0.08 Lakhs)
  • Other Income: ₹5.07 Lakhs (Previous Year: ₹5.40 Lakhs)
  • Total Income: ₹5.14 Lakhs (Previous Year: ₹5.48 Lakhs)
  • Total Expenditure: ₹0.53 Lakhs (Previous Year: ₹23.11 Lakhs)
  • Profit/(Loss) Before Tax: ₹4.61 Lakhs (Previous Year: Loss of ₹17.63 Lakhs)
  • Profit After Tax: ₹4.61 Lakhs (Previous Year: Loss of ₹17.63 Lakhs)
  • Earnings Per Share (Basic & Diluted): ₹0.09 (Previous Year: -₹0.35)

Balance Sheet Highlights (as of March 31, 2026):

  • Authorized Share Capital: ₹550.00 Lakhs (55,00,000 Equity Shares of ₹10/- each)
  • Issued, Subscribed & Paid-up Capital: ₹501.14 Lakhs (50,11,400 Equity Shares of ₹10/- each)
  • Other Equity (Retained Earnings): -₹364.62 Lakhs (Previous Year: -₹369.22 Lakhs)
  • Total Assets: ₹139.23 Lakhs
  • Inventories (Shares): ₹64.22 Lakhs
  • Cash and Cash Equivalents: ₹46.31 Lakhs
  • Current Liabilities: ₹0.82 Lakhs
  • Current Ratio: 42.23 (Previous Year: 18.66)

Annual General Meeting (AGM) Details

  • The 32nd Annual General Meeting (AGM) is scheduled to be held on Saturday, September 19, 2026, at 03:00 P.M. through Video Conference (VC)/Other Audio-Visual Means (OAVM).
  • The Register of Members and Share Transfer Books will remain closed from September 13, 2026, to September 19, 2026 (both days inclusive).
  • The remote e-voting period commences on September 16, 2026 (9:00 A.M. IST) and ends on September 18, 2026 (5:00 P.M. IST). The cut-off date for determining members entitled to vote is September 12, 2026.

Agenda for the AGM

Ordinary Business:

1. To receive, consider, and adopt the Audited Financial Statements for FY 2025-26 together with the Reports of the Board of Directors and the Auditors.

2. To reappoint Mr. Balram Bharatbhai Padhiyar (DIN: 01812132) as Managing Director, who retires by rotation.

Special Business:

3. To appoint Mr. Riken Bhanuprasad Patel (DIN: 00557679) as a Non-Executive Independent Director for a first term of five consecutive years from May 13, 2026, to May 12, 2031.

Board of Directors & Key Managerial Personnel (KMP)

As of March 31, 2026:

  • Mr. Balram Bharatbhai Padhiyar (DIN: 01812132) - Managing Director
  • Ms. Pooja Narsinhbhai Patel (DIN: 02233585) - Non-Executive Director (Promoter)
  • Mr. Naginbhai Ganpatbhai Patel (DIN: 00361230) - Executive Director (Promoter)
  • Mr. Kiran Bhartabhai Mistri (DIN: 10611534) - Non-Executive Independent Director
  • Mr. Bhanubhai Ambalal Patel (DIN: 03152871) - Non-Executive Independent Director (Resigned w.e.f. March 31, 2026, due to completion of second tenure)

Subsequent Changes (Post FY End):

  • Mr. Riken Bhanuprasad Patel (DIN: 00557679) was appointed as an Additional Non-Executive Independent Director w.e.f. May 13, 2026.

Key Managerial Personnel (KMP) Changes during FY26:

  • Mr. Nitin Govindbhai Solanki resigned as Chief Financial Officer (CFO) w.e.f. October 07, 2025.
  • Mr. Nileshkumar M. Prajapati was appointed as CFO w.e.f. October 07, 2025.
  • Mr. Nileshkumar M. Prajapati resigned as CFO w.e.f. February 18, 2026.
  • Mr. Hemant Vijaykumar Bhatkar was appointed as CFO w.e.f. May 13, 2026.
  • Ms. Payal Ravi Banwari served as Company Secretary & Compliance Officer during the year and resigned w.e.f. June 30, 2026.

As of the report date (August 13, 2026):

  • Mr. Balram Bharatbhai Padhiyar is the Managing Director.
  • Mr. Hemant Vijaykumar Bhatkar is the Chief Financial Officer.
  • The Company Secretary position is vacant.

Statutory Auditors

  • M/s. S. K. Jha & Company, Chartered Accountants (Firm Registration No.: 126173W), were reappointed as Statutory Auditors for a second term of five consecutive years at the 28th AGM held on September 28, 2022.
  • Their report for FY 2025-26 does not contain any qualifications, reservations, or adverse remarks.
  • No fraud was reported by the auditors under Section 143(12) of the Companies Act, 2013.

Secretarial Auditor

  • M/s. ALAP & Co. LLP, Practicing Company Secretaries (Firm Registration No.: L2023GJ013900), were appointed as Secretarial Auditors for a term of five years commencing from FY 2025-26.
  • The Secretarial Audit Report for FY 2025-26 contained one observation: \"The capturing of some of the UPSI entries in the SDD Software has been done with a delay from the actual date of sharing of UPSI.\"
  • Management replied that they assure timely entries in the SDD Software in the coming period.

Corporate Actions

  • Dividend: No dividend was recommended for the year ended March 31, 2026.
  • Change in Share Capital: There was no change in the share capital during the financial year.
  • Change in Registered Office: The Registered Office was changed from \"9th Floor, Astron Tech Park, Near Satellite Police Station, Satellite, Ahmedabad - 380015\" to \"101 to 108, Palak Prime, Opp. Double Tree Hilton Hotel, Ambli Road, Ambli, Ahmedabad, 380058\" with effect from March 09, 2026.

Internal Financial Controls

  • The company has an internal financial controls system commensurate with its size and nature of business.
  • The Statutory Auditors, in their report, stated that the company has adequate internal financial controls over financial reporting, and such controls were operating effectively as of March 31, 2026.

Related Party Transactions

  • All related party transactions were entered into on an arm's length basis and in the ordinary course of business.
  • Transactions with related parties during the year included payment of salary to the Company Secretary (₹2.16 Lakhs) and expenses paid on behalf of the company by Gallops Infrastructure Limited (₹7.21 Lakhs).
  • There were no materially significant related party transactions requiring shareholder approval.

Registrars and Share Transfer Agent (RTA)

  • MUFG Intime India Private Limited is the RTA of the company.

General Shareholder Information

  • The company issued securities only in dematerialized form as mandated by SEBI.
  • Shares held in physical form can only be transferred in dematerialized form.
  • The Notice of the AGM and the Annual Report were sent electronically to members whose email addresses are registered.

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