AGM Details

  • Date: Tuesday, 29th September, 2026
  • Time: 12.30 P.M. IST
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: 806, Raheja Center, 214, Free Press Journal Marg, Nariman Point, Mumbai-400021
  • Record Date: September 22, 2026
  • Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Amalesh Sadhu (DIN: 00235198) who retires by rotation

Special Business:

3. Re-appointment of Mr. Amalesh Sadhu as Chairman & Managing Director for 5 years up to conclusion of 27th AGM (August 31, 2027)

4. Re-appointment of Mrs. Urmi Bose (DIN: 07245298) as Independent Director for 2nd term of 5 years (up to July 30, 2032)

Key Financial Figures (₹ in Lakh)

FY 2025-26 Performance:

  • Revenue (including other revenue): 88.23 (Previous year: 102.95)
  • Profit/(Loss) before Tax, Depreciation & Finance Cost: (316.83) (Previous year: (434.72))
  • Finance Cost: 1.12 (Previous year: 4.33)
  • Profit/(Loss) before Depreciation: (317.95) (Previous year: (439.05))
  • Depreciation: 0.47 (Previous year: 0.52)
  • Net Profit/(Loss) before Taxation: (318.42) (Previous year: (439.57))
  • Provision for Taxation: Nil (Previous year: 0.07)
  • Extra-Ordinary Items (Taxes for earlier years): Nil (Previous year: 1.05)
  • Profit/(Loss) after Tax & Extra-ordinary Items: (318.42) (Previous year: (440.68))
  • Profit/(Loss) brought forward: (828.77) (Previous year: (388.29))
  • Other Adjustments: (2.67) (Previous year: 0.20)
  • Balance carried forward: (1,147.19) (Previous year: (828.77))

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

  • Property, Plant and Equipment: 0.65 (Previous year: 1.11)
  • Investments: 278.63 (Previous year: 391.12)
  • Inventories: 67.11 (Previous year: 81.07)
  • Trade Receivables: 552.82 (Previous year: 304.57)
  • Cash and Cash Equivalents: 262.49 (Previous year: 111.61)
  • Loans: 20.53 (Previous year: 86.93)
  • Other Financial Assets: 594.98 (Previous year: 840.12)
  • Total Assets: 1,804.76 (Previous year: 1,866.29)
  • Equity Share Capital: 742.70 (Previous year: 742.70)
  • Other Equity: (415.42) (Previous year: (155.55))
  • Trade Payable: 284.98 (Previous year: 406.98)
  • Other Financial Liabilities: 1,190.94 (Previous year: 869.66)
  • Other Current Liabilities: 1.56 (Previous year: 2.49)
  • Total Equity & Liabilities: 1,804.76 (Previous year: 1,866.29)

Material Financial Exposures

  • NSEL Receivable: ₹1,593.59 lakh under litigation, of which ₹1,131.45 lakh repayable to clients and ₹462.15 lakh company's own recoverable dues (reported net of expected credit loss of ₹268.04 lakh)
  • Dormant bank accounts: ₹0.10 lakh pending confirmation
  • Advances recoverable: ₹1.09 lakh given for acquiring shares/securities, pending settlement

Capital Structure

  • Paid-up Equity Share Capital: ₹7.427 crore consisting of 74,27,000 Equity Shares of ₹10 each
  • No change in share capital during the year
  • Promoter holding: 52.74% (39,17,000 shares)
  • Public holding: 47.26% (35,10,000 shares)
  • 100% public shareholding in dematerialized form

Director Appointments & Resignations

Changes during FY 2025-26:

  • Resigned: Mr. Laxmi Narayan Sharma (Independent Director) w.e.f. May 5, 2025
  • Resigned: Mr. Mahavir Prasad Saraswat (Independent Director) w.e.f. August 19, 2025

Current Board Composition:

  • Mr. Amalesh Sadhu: Chairman & Managing Director
  • Mrs. Urmi Bose: Independent Director
  • Mrs. Sonali Auddya Adak: Independent Director
  • Mrs. Akshaya Suved Chavan: Independent Director

Remuneration Details

  • Mr. Amalesh Sadhu (MD): ₹5.43 lakh (₹50,000 per month including perquisites)
  • Mrs. Urmi Bose (ID): ₹5,000 per meeting plus expenses
  • Mr. Indrajeet Bhagat (CFO): ₹2.82 lakh
  • Ms. Neha Sharma (CS): ₹2.12 lakh

Key Management Personnel

  • Mr. Amalesh Sadhu: Chairman & Managing Director
  • Mr. Indrajeet Bhagat: Chief Financial Officer
  • Ms. Neha Sharma: Company Secretary & Compliance Officer

Registered Office & Contact Details

  • Address: 806, Raheja Center, 214, Free Press Journal Marg, Nariman Point, Mumbai-400021
  • Tel: +91 22 2204 9995

Registrar & Share Transfer Agent

Purva Sharegistry (India) Private Limited, No. 9, Shiv Shakti Ind. Estate, Gr. Floor, J. R. Boricha Marg, Lower Parel, Mumbai-400 011

Bankers

ICICI Bank Limited

Compliance Status

  • Company has complied with applicable Secretarial Standards SS-1 and SS-2
  • No material orders passed by regulators/courts impacting going concern status
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No deposits accepted from public under Section 73 of Companies Act, 2013

E-voting Arrangements

  • E-voting period: September 26, 2026 (9:00 am) to September 28, 2026 (5:00 pm)
  • E-voting agency: NSDL
  • Scrutinizer: CS Kriti Daga, Practicing Company Secretary
  • VC/OAVM facility: Available for 1000 members on first-come-first-served basis

Important Notes from Auditors

1. Certain loans & advances and trade receivables subject to confirmation and reconciliation

2. Dormant bank accounts totaling ₹0.10 lakh pending confirmation

3. NSEL receivable of ₹1,593.59 lakh under litigation, outcome pending

4. Advances of ₹1.09 lakh given for share acquisition, pending settlement

5. Implementation of Expected Credit Loss (ECL) provisioning under Ind AS 109

Dividend Declaration

No dividend recommended for FY 2025-26 due to continuing losses.

Corporate Governance

Company voluntarily complies with SEBI LODR Regulations despite being listed on SME platform. Corporate Governance Report with auditors' certificate forms part of Annual Report.

Related Party Transactions

All transactions entered with related parties were in ordinary course of business and at arm's length price. Details provided in Form AOC-2.

Risk Management

The Company is exposed to market risk, credit risk, liquidity risk, and interest rate risk due to its trading and investment activities in shares and securities.