Key Dates and Events
- 13th AGM Date: Wednesday, September 30, 2026 at 01:00 PM IST
- AGM Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Cut-off Date for E-Voting: Thursday, September 24, 2026
- Remote E-Voting Period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Board Meeting Date for Approval: September 05, 2026
AGM Agenda Items
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt Audited Standalone Financial Statements for FY ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in Equity, along with Reports of Board of Directors and Statutory Auditors
2. Re-appointment of Director: Mrs. Nidhi Gautam Sheth (DIN: 06748877), Whole-time Director, retires by rotation and offers herself for re-appointment. She holds 151,947 equity shares and drew remuneration of ₹200,000 in FY 2025-26.
3. Appointment of Secretarial Auditor: To appoint M/s Madhav Upadhyay and Associates (CP No. 25760, Peer Review Certificate No. 7426/2025) as Secretarial Auditor for five years from FY 2026-27 to FY 2030-31, replacing M/s Neelam Somani & Associates who resigned effective September 05, 2026.
Financial Performance Highlights (FY 2025-26)
- Revenue from Operations: ₹7,971.22 lakh (2.28% growth YoY)
- Total Income: ₹8,029.16 lakh (including other income of ₹57.94 lakh)
- EBITDA: ₹120.81 lakh (53.48% growth YoY)
- EBITDA Margin: 1.57% (improved from 1.05%)
- Profit Before Tax: ₹94.62 lakh (123.51% growth YoY)
- Profit After Tax: ₹70.13 lakh (146.76% growth YoY)
- Net Profit Margin: 0.87% (improved from 0.36%)
- EPS: ₹0.16 (improved from ₹0.07)
- Finance Costs: Reduced by 21.28% to ₹26.23 lakh
Capital Structure and Shareholding
- Authorized Share Capital: ₹75.35 crore (7,535,000 equity shares of ₹10 each) - approval received but not yet implemented
- Paid-up Share Capital: ₹42.85 crore (42,846,100 equity shares of ₹10 each) - unchanged during FY
- Promoter Holding: 22.46% (10,357,167 shares)
- Public Holding: 77.54%
- 100% shares in dematerialized form
Dividend and Reserves
- No dividend recommended for FY 2025-26
- Profits retained for strengthening working capital and business development
- No amount transferred to General Reserve
- No unclaimed dividend required transfer to IEPF
Key Management Changes
- Statutory Auditor: M/s Shah Karia & Associates appointed from conclusion of 12th AGM until 17th AGM
- Secretarial Auditor: M/s Madhav Upadhyay and Associates proposed to replace resigned auditor
- Internal Auditor: Mr. Dishant Daxeshbhai Jagad reappointed for FY 2026-27 and 2027-28
- No changes in Key Managerial Personnel during FY
Corporate Governance
- Board Composition: 5 Directors (2 Executive, 3 Independent)
- Board Meetings: 7 meetings held in FY 2025-26 with 100% attendance
- Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee
- No investor complaints received during FY
- Whistle Blower Policy: No complaints received
- POSH Compliance: No complaints received, 1 awareness workshop conducted
Related Party Transactions
- Director Remuneration: Mr. Gautam P. Sheth (₹300,000), Mrs. Nidhi G. Sheth (₹200,000)
- Director Loans: Received ₹985.44 lakh from Mr. Gautam P. Sheth, ₹8.67 lakh from Mrs. Nidhi G. Sheth
- All transactions at arm's length and approved by Audit Committee
Operational Highlights
- Inventory: ₹4,837.70 lakh (11.9% increase YoY)
- Trade Receivables: ₹2,334.00 lakh
- Trade Payables: ₹1,600.95 lakh
- Current Ratio: 3.28x
- Employee Strength: 13 employees
Future Outlook
- Planning Wholly-Owned Subsidiary in UK (AG Corporation Ltd) with proposed investment of GBP 100,000
- Focusing on geographic diversification and operational efficiency
- Leveraging India-UAE CEPA and India-UK CETA for export growth
Documents Submitted
- Integrated Annual Report 2025-26
- Notice of AGM
- Directors' Report
- Management Discussion & Analysis
- Corporate Governance Report
- Audited Financial Statements
- Secretarial Audit Report