Key Financial Figures (FY 2025-26)

  • Revenue from Operations: ₹157.02 crore (109.27% growth from FY25 ₹75.03 crore)
  • Other Income: ₹0.37 crore (FY25: ₹3.08 crore)
  • Total Income: ₹157.38 crore (FY25: ₹78.11 crore)
  • Profit Before Interest, Depreciation & Tax: ₹27.95 crore (FY25: ₹16.42 crore)
  • Finance Costs: ₹21.52 crore (FY25: ₹16.90 crore)
  • Profit Before Tax: ₹6.42 crore (FY25: loss of ₹0.51 crore)
  • Tax Expense: ₹1.81 crore (FY25: ₹0.08 crore)
  • Profit After Tax: ₹4.61 crore (FY25: loss of ₹0.58 crore)
  • Other Comprehensive Income: ₹0.18 crore (FY25: ₹0.25 crore)
  • Net Profit After Tax: ₹4.79 crore (FY25: loss of ₹0.33 crore)
  • Earnings Per Share: ₹3.68 basic and diluted (FY25: loss of ₹0.26)
  • Cash and Cash Equivalents: ₹3.87 crore (FY25: ₹0.92 crore)
  • Loans Portfolio: ₹321.00 crore (FY25: ₹164.81 crore)
  • Investments: ₹17.92 crore (FY25: ₹11.62 crore)
  • Inventories: ₹50.88 crore (FY25: ₹19.38 crore)
  • Total Assets: ₹396.07 crore (FY25: ₹198.76 crore)
  • Financial Liabilities: ₹353.66 crore (FY25: ₹161.05 crore)
  • Equity Share Capital: ₹13.00 crore (unchanged)
  • Other Equity: ₹22.99 crore (FY25: ₹18.21 crore)

SEBI Regulatory Action

Securities and Exchange Board of India passed a final order dated 30 June 2026 imposing:

  • Monetary penalty of ₹1,00,00,000 (₹1 crore)
  • Restraint from accessing securities market for 5 years from order date
  • Prohibition from buying, selling or dealing in securities directly or indirectly
  • Order passed under Sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of SEBI Act, 1992
  • Company has filed an appeal against the order
  • Copy of SEBI order uploaded on company website

Dividend Declaration

Board recommended 5% final dividend for FY 2025-26 i.e., ₹0.50 per equity share of ₹10 each. Dividend to be paid within 30 days from declaration date (on or before 28 October 2026).

Reserve Transfers

Transferred ₹95.77 lakhs to Statutory Reserve pursuant to Section 45-IC(1) of RBI Act, 1934.

Share Capital Structure

  • Authorized Capital: ₹13.30 crore (1,33,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹13.00 crore (1,30,00,100 equity shares of ₹10 each)
  • No change in share capital during FY 2025-26
  • 99.38% shares dematerialized as of 31 March 2026
  • Promoter holding: 14.91% (Rise High Tracom Private Limited: 19,38,000 shares)

Annual General Meeting Details

  • 39th AGM Date: 29 September 2026 at 4:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: 23 September 2026
  • Remote e-Voting Period: 26 September 2026 (9:00 AM) to 28 September 2026 (5:00 PM)
  • Business Items:

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

2. Re-appointment of Mr. Yasin Gori (DIN: 08221979) as Director retiring by rotation

3. Appointment of M/s V S S B & Associates (FRN: 121356W) as Statutory Auditors for 5 years at remuneration of ₹1,50,000 plus taxes for FY 2026-27

4. Re-appointment of Ms. Charmi Parikh (DIN: 09421573) as Independent Director for second term (7 December 2026 to 6 December 2031)

5. Confirmation of appointment of Mr. Atul Sheth (DIN: 09698574) as Independent Director (26 May 2026 to 25 May 2031)

Board and Committee Composition

Board of Directors (as of 31 March 2026):

  • Mr. Yasin Gori - Whole Time Director (DIN: 08221979)
  • Mr. Bhavikkumar Prajapati - Executive Director & CFO (DIN: 08480627)
  • Mr. Darshil Hemendrakumar Shah - Independent Director (DIN: 09013533)
  • Mr. Nigamkumar Sathavara - Independent Director (DIN: 09016786)
  • Ms. Charmi Parikh - Independent Director (DIN: 09421573)

Board Meetings: 6 meetings held during FY 2025-26 with 100% attendance by all directors

Committee Composition:

  • Audit Committee: Mr. Nigamkumar Sathavara (Chairperson), Ms. Charmi Parikh, Mr. Yasin Gori
  • Nomination & Remuneration Committee: Ms. Charmi Parikh (Chairperson), Mr. Nigamkumar Sathavara, Mr. Darshil Shah
  • Stakeholders Relationship Committee: Mr. Darshil Shah (Chairperson), Ms. Charmi Parikh, Mr. Yasin Gori

Key Managerial Personnel

  • Mr. Yasin Gori - Whole Time Director (Remuneration: ₹11,00,000)
  • Mr. Bhavikkumar Prajapati - Chief Financial Officer (Remuneration: ₹11,00,000)
  • Mr. Dharmik Ripinbhai Solanki - Company Secretary (up to 26 May 2026)
  • Ms. Priya Jain - Company Secretary (w.e.f. 17 July 2026)

Auditor Appointments

  • Statutory Auditors: M/s M A A K & Associates (FRN: 013811N) - term expiring at 39th AGM
  • Proposed Statutory Auditors: M/s V S S B & Associates (FRN: 121356W) - recommended for 5-year term
  • Internal Auditor: M/s Harsh Prajapati & Co. (FRN: 157458W)
  • Secretarial Auditor: M/s Aanal Satyawadi & Co.
  • Cost Auditor: Not applicable

Corporate Governance

  • Compliance with SEBI LODR Regulations, 2015 and Companies Act, 2013
  • Whistle Blower Policy and Vigil Mechanism implemented
  • Anti-Sexual Harassment Policy in place - no complaints received during FY 2025-26
  • Code of Conduct for Directors and Senior Management
  • No material related party transactions

Registrars and Share Transfer Agents

M/s. Accurate Securities & Registry Private Limited, Ahmedabad

Bankers

RBL Bank, HDFC Bank, ICICI Bank Ltd, AU Small Finance Bank

Corporate Office

3rd Floor 3E Rajyash Uniza Corporate Office Above Starbucks Premchand Nagar Road, Jodhpur Char Rasta, Ahmedabad, Gujarat-380015