Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹21.91 crore (FY 2024-25: ₹24.52 crore)
  • Other Income: ₹1.40 crore (FY 2024-25: ₹1.03 crore)
  • Total Income: ₹23.31 crore (FY 2024-25: ₹25.55 crore)
  • Profit Before Depreciation and Tax: ₹5.42 crore (FY 2024-25: ₹7.77 crore)
  • Depreciation/Amortization: ₹1.04 crore (FY 2024-25: ₹0.99 crore)
  • Profit Before Tax: ₹4.38 crore (FY 2024-25: ₹6.78 crore)
  • Current Tax: ₹1.24 crore (FY 2024-25: ₹1.70 crore)
  • Deferred Tax: ₹0.31 crore (FY 2024-25: ₹0.02 crore)
  • Profit After Tax: ₹2.82 crore (FY 2024-25: ₹5.06 crore)
  • Earnings Per Share: ₹1.50 (FY 2024-25: ₹2.68)

Annual General Meeting Details

  • Meeting Type: Adjourned 30th Annual General Meeting
  • Date: September 11, 2026
  • Time: 11:00 AM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off Date: September 5, 2025 (for voting rights)
  • Remote e-voting Period: September 8, 2026 (9:00 AM) to September 10, 2026 (5:00 PM)
  • Scrutinizer: Ms. Ankita Dutta, Partner, Mamta Binani & Associates
  • E-voting Service Provider: National Securities Depository Limited (NSDL)

Business Overview

The Company is engaged in the hospitality, food processing, and event management sectors in India, operating under its flagship brand BIKA. It offers comprehensive end-to-end solutions for catering, banqueting, and accommodation services required for weddings, corporate functions, and social celebrations.

Board of Directors

1. Dinesh Goyal (DIN: 00881868) - Managing Director and CFO

2. Rashmi Goyal (DIN: 05253256) - Executive Director

3. Yatharth Goyal (DIN: 08708033) - Non-Executive Director

4. Goutam Gupta (DIN: 06740979) - Independent Director

5. Pravin Poddar (DIN: 09003659) - Independent Director

Key Managerial Personnel

1. Dinesh Goyal - Managing Director and Chief Financial Officer

2. Ruchi Fitkariwala (Membership No. A64870) - Company Secretary & Compliance Officer

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026

2. Reappointment of Ms. Rashmi Goyal (DIN: 05253256) who retires by rotation

Special Business (All requiring Special Resolutions)

3. Ratification of non-compliance with Section 180(1)(c): Approval for corrective actions regarding borrowings in excess of prescribed limits

4. Increase in thresholds under Section 186: Enhancement of limits for loans, guarantees, securities, and investments up to ₹50 crore

5. Increase in overall borrowing limits under Section 180(1)(c): Authorization for borrowings up to ₹50 crore

6. Approval under Section 185: Authorization for loans, guarantees, and securities to entities covered under Section 185 up to ₹50 crore

Capital Structure

  • Paid-up Share Capital: ₹18.85 crore divided into 1,88,52,000 equity shares of ₹10 each
  • No change in capital structure during FY 2025-26

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • Profit ploughed back for business requirements
  • No amount transferred to reserves

Regulatory Non-Compliance Issues

As per the Secretarial Audit Report by Chetna Gupta & Associates:

1. Section 197 Violation: Payment of managerial remuneration to certain Director(s)/KMP(s) exceeding prescribed limits

2. Section 180(1)(c) Violation: Borrowings beyond prescribed limits without prior shareholder approval

The company is seeking shareholder ratification for these non-compliances through the AGM resolutions.

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

  • Current Ratio: 1.52 (1.88)
  • Debt Equity Ratio: 0.55 (0.98)
  • Debt Service Coverage Ratio: 0.19 (0.35)
  • Return on Equity Ratio: 0.10 (0.21)
  • Net Profit Ratio: 0.13 (0.21)
  • Return on Capital Employed: 0.22 (0.34)

Corporate Governance

  • The company is listed on BSE SME Platform, hence corporate governance provisions under SEBI (LODR) Regulations, 2015 are not applicable
  • Board committees include Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and Internal Complaints Committee
  • 5 Board meetings, 5 Audit Committee meetings, and 1 meeting each of other committees held during FY 2025-26

Other Significant Information

  • Registrar & Transfer Agent: Bigshare Services Private Limited, Mumbai
  • Employee Strength: 33 (Female: 2, Male: 31)
  • CSR Expenditure: ₹35.16 lakh against obligation of ₹12.68 lakh
  • No instances of fraud reported by auditors under Section 143(12)
  • No material orders passed by regulators/courts impacting going concern status
  • No subsidiary/joint venture/associate companies

Voting Instructions

Shareholders can vote through:

1. Remote e-voting via NSDL from September 8-10, 2026

2. E-voting during the AGM on September 11, 2026

3. Physical shareholders need to register for e-voting facilities

Important Dates

  • AGM Date: September 11, 2026
  • Cut-off Date for Voting: September 5, 2025
  • Remote e-voting Period: September 8-10, 2026
  • Financial Year Ended: March 31, 2026
  • Board Approval Date for Results: May 28, 2026