Key Financial Performance (FY 2025-26 vs FY 2024-25)

  • Gross Operating Income: ₹672.25 lakhs (Previous: ₹1,707.35 lakhs)
  • Other Income: ₹40.11 lakhs (Previous: ₹187.03 lakhs)
  • Total Income: ₹712.36 lakhs (Previous: ₹1,894.38 lakhs)
  • Profit Before Interest, Depreciation & Exceptional Items: ₹206.79 lakhs (Previous: ₹96.00 lakhs)
  • Finance Charges: ₹136.06 lakhs (Previous: ₹90.15 lakhs)
  • Profit Before Tax: ₹70.72 lakhs (Previous: ₹5.86 lakhs)
  • Current Tax: ₹18.37 lakhs (Previous: ₹1.50 lakhs)
  • Net Profit After Tax: ₹52.35 lakhs (Previous: ₹4.36 lakhs)
  • EPS: ₹0.56 (Previous: ₹0.05)
  • Paid-up Equity Share Capital: ₹933.10 lakhs (93,31,000 equity shares of ₹10 each) - unchanged

Annual General Meeting Details

  • 41st AGM Date: Wednesday, September 30, 2026 at 04:00 PM
  • Mode: Video Conference/Other Audio Visual Means
  • Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)
  • Cut-off date for e-voting: September 23, 2026
  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Ordinary Business

1. To receive, consider and adopt Audited Financial Statements for FY 2025-26

2. To appoint director in place of Ravindra Gopale (DIN: 09436362) who retires by rotation

Board and Management Changes

  • Mr. Madanlal Goyal resigned as Chairman and Director w.e.f. February 27, 2026
  • Mr. Anand Mahadevan resigned as Independent, Non-executive Director w.e.f. August 10, 2026
  • Ms. Priya Goyal appointed as Company Secretary and Compliance Officer w.e.f. July 01, 2025
  • Current Board: Ravindra Gopale (Whole-time director & CFO), Abhijeet Jagtap (Managing Director), Tanmay Karwal (Non-independent, Non-executive Director), Ms. Rashmi Ranjeet Kunar (Independent, Non-executive Director appointed w.e.f. September 03, 2025)

Dividend

No dividend recommended for FY 2025-26.

Shareholding Pattern (as on March 31, 2026)

  • Promoter Holding: 12.20% (Kamla Business Venture LLP)
  • Public Holding: 87.80%
  • Dematerialized Holdings: 98.51% (NSDL: 25.16%, CDSL: 73.35%)
  • Physical Holdings: 1.49%

Key Operational Highlights

  • Company engaged in trading of digital lights for cinematography, videography and photography accessories
  • Only one business segment with secondary geographical segments (domestic and exports)
  • No inventory carried as company does merchant cotton trading
  • No joint ventures, associates or subsidiary companies

Regulatory and Compliance Matters

  • Equity shares listed on BSE Limited
  • Annual listing fees paid and up to date
  • No significant material orders passed by regulators/courts
  • Company complied with applicable Secretarial Standards
  • No deposits accepted from public
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013

Auditor Remarks (Emphasis of Matter)

Statutory Auditors M/s. Vijay Darji & Associates highlighted:

1. Trade Receivables: ₹79.47 lakh outstanding for more than six months, though management considers fully recoverable

2. Statutory Dues Delay: Default/delay in TDS payment of approximately ₹11.52 lakh during FY 2024-25, with similar delays possibly in FY 2025-26

3. Advance for Land: ₹120.00 lakh appearing as asset in Balance Sheet

4. Unsecured Loans: Significant increase to ₹1200.81 lakh (from ₹166.38 lakh in previous year)

5. Loan Concentration: Loans renewed/extended/fresh loans granted to settle dues of existing loans to same parties

6. Advance for Supply: ₹1,481.66 lakh received as advances for supply of material recognized as current liability

Internal Financial Controls

Company has adequate internal financial controls commensurate with its size and nature of operations. No reportable material weaknesses observed.

Related Party Transactions

Transactions entered with related parties at arm's length basis. Details provided in AOC-2 form in Annexure IV.

Corporate Governance

Company has established various committees:

  • Audit Committee (Chairman: Mr. Anand Mahadevan)
  • Stakeholders' Relationship Committee (Chairman: Mr. Tanmay Karwal)
  • Nomination and Remuneration Committee (Chairman: Mr. Anand Mahadevan)
  • No CSR Committee formed as provisions not applicable

Secretarial Audit Report

M/s. HRU & Associates issued Secretarial Audit Report with observations:

  • Company not appointed Internal Auditor despite applicability of Section 138 of Companies Act, 2013
  • Company paid SOP fines for late compliance of various LODR Regulations

Other Disclosures

  • No funds raised through IPO/FPO/preferential allotment during the year
  • No material changes and commitments affecting financial position between year-end and report date
  • Vigil Mechanism/Whistle Blower Policy in place
  • No sexual harassment complaints received during the year

Important Dates

  • Board Meeting for FY 2025-26 results: May 30, 2026
  • AGM Date: September 30, 2026
  • Book Closure: September 24-30, 2026
  • E-voting period: September 27-29, 2026

Registrars and Share Transfer Agents

MUFG Intime India Pvt. Ltd., C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai-400083