Key Quantitative Figures

  • Net Profit/(Loss) after tax (PAT) for FY26: ₹12,399 (Previous Year: ₹(324,957))
  • Paid-up Share Capital: ₹4,61,32,000 (unchanged from previous year)
  • Total Income FY26: ₹3,85,000 (all from other income; revenue from operations: ₹0)
  • Current Liabilities: ₹2,10,88,676.34
  • Current Assets: ₹40,534.41
  • Current Liabilities exceed Current Assets by: ₹2,10,39,141.93
  • Earnings per share (Basic & Diluted): ₹0.00 (Previous Year: ₹(0.07))
  • Employee benefits expenses: ₹1,44,000
  • General administration & other expenses: ₹2,28,601.40
  • Borrowings (unsecured): ₹2,01,98,500 (including ₹1,74,18,000 from SVPL Developers Pvt Ltd and ₹27,80,500 from directors/relatives)
  • Loans receivable: ₹5,75,698
  • Cash & cash equivalents: ₹49,534.41

Dates of Action

  • Board Meeting Date: September 07, 2026 (commenced at 02:00 PM, concluded at 02:30 PM)
  • AGM Date: Wednesday, September 30, 2026 at 11:00 AM
  • Cut-off date for e-voting: Wednesday, September 23, 2026
  • Remote e-voting period: September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
  • Book closure period: September 24, 2026 to September 30, 2026 (both days inclusive)
  • Financial year ended: March 31, 2026

Parties Involved

  • Statutory Auditors: M/s. SN D K & Associates LLP, Chartered Accountants (FRN: W100060) to replace retiring auditors M/s. P. D. Agrawal & Co.
  • Secretarial Auditors: M/s. Prakhar Pandey & Co., Practising Company Secretaries (Membership No. F11815, COP: 23619)
  • Scrutinizer for e-voting: Mr. Prakhar Pandey
  • Registrar & Transfer Agent: M/s. Abhipra Capital Limited
  • Bankers: HDFC Bank and JK Bank
  • Key Management Personnel: Vishal Garg (Managing Director & CFO), Ritesh Srivastava (Company Secretary)

Agenda Items for AGM

1. Adoption of standalone audited financial statements for FY 2025-26

2. Re-appointment of Mr. Deendayal Katare Gupta (DIN: 07103002) as director retiring by rotation

3. Appointment of M/s. SN D K & Associates LLP as statutory auditors for 5 years (until conclusion of 40th AGM)

4. Appointment of M/s. Prakhar Pandey & Co. as secretarial auditors for 5 years (FY 2025-26 to 2029-30)

Financial and Operational Impact

  • The company is currently not in operation with zero revenue from operations since October 29, 1998
  • Trading of company's shares is suspended on BSE Limited
  • Company reports making efforts to get suspension revoked on priority basis
  • Financial statements prepared on non-going concern basis as decided by Board of Directors
  • No dividend recommended for FY26

Capital Structure Impact

  • No change in share capital during FY26
  • Promoter holding: 32.51% (1,499,700 shares)
  • Public holding: 67.49% (3,113,500 shares)

Corporate Governance Details

  • Board composition: 6 directors (1 managing director, 1 non-executive director, 4 non-executive independent directors)
  • Board meetings held in FY26: 6 meetings
  • Key committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
  • No remuneration paid to directors during FY26
  • Company Secretary: Sushil Kumar Gupta (resigned w.e.f. July 31, 2026)

Auditor Qualifications

Statutory auditors highlighted several emphasis of matters in their report:

  • Outstanding balances not confirmed and reconciliation not ascertainable
  • No provision for listing fees etc.
  • No revenue from operations since 1998 posing going concern issues
  • Unsecured borrowings from company with common directors and directors/relatives
  • No information on MSME suppliers
  • All fixed assets written off/sold in 2016-17

Additional Information

  • Company has negative net worth of ₹(2,04,63,443.93)
  • No subsidiary, associate or joint venture companies
  • No material related party transactions
  • No fraud reported by statutory auditors
  • No significant material orders passed by regulators/courts
  • CSR provisions not applicable to the company