AGM Details
The 36th Annual General Meeting will be held on Thursday, August 20, 2026 at 3:00 PM IST through Video Conferencing/Other Audio-Visual Means. The registered office at G-30, Gems & Jewellery Complex-III, SEEPZ, Andheri (East), Mumbai - 400 096 is deemed to be the scheduled venue.
Ordinary Business Items
1. Adoption of Annual Accounts: To receive, consider and adopt Audited Balance Sheet as at March 31, 2026 and Statement of Profit & Loss for year ended March 31, 2026 with reports of Board of Directors and Auditors
2. Declaration of Dividend: To declare final dividend on equity shares for FY 2025-2026
3. Re-appointment of Director: To appoint director in place of Mr. Arvind Dadha (DIN: 00317631) who retires by rotation
Special Business Items
4. Re-Appointment of Independent Director: Special resolution to re-appoint Mr. Shashi Ashok Bekal (DIN: 03066170) as Independent Director for second consecutive term of 5 years from June 21, 2026 to June 20, 2031
5. Re-appointment of Chairman and Fixation of Remuneration: Special resolution to re-appoint Mr. Kantikumar Dadha (DIN: 00283289) as Chairman and Whole time Director for 3 years from October 1, 2026 to September 30, 2029 on remuneration not exceeding ₹20,00,000 per month
6. Re-appointment of Managing Director and Fixation of Remuneration: Special resolution to re-appoint Mr. Arvind Dadha (DIN: 00317631) as Managing Director for 3 years from October 1, 2026 to September 30, 2029 on remuneration not exceeding ₹18,00,000 per month
7. Re-appointment of Whole Time Director Cum CFO and Fixation of Remuneration: Special resolution to re-appoint Mr. Ashish Dadha (DIN: 01950953) as Whole Time Director and CFO for 3 years from April 1, 2027 to March 31, 2030 on remuneration not exceeding ₹18,00,000 per month
Financial Performance Highlights (Standalone)
FY 2025-2026 Performance:
- Total Income: ₹282.33 crore (Previous Year: ₹253.18 crore)
- Revenue from Operations: ₹281.50 crore (Previous Year: ₹252.44 crore)
- Profit Before Tax: ₹18.47 crore (Previous Year: ₹16.17 crore)
- Profit After Tax: ₹13.69 crore (Previous Year: ₹11.82 crore)
- Earnings Per Share: ₹19.66 (Previous Year: ₹16.97)
Three-Year Financial Trend (Amounts in ₹ Lakhs):
| Year | Sales | Profit Before Tax | Profit After Tax |
| 2026 | 27,448.37 | 1,847.20 | 1,369.42 |
| 2025 | 24,788.45 | 1,617.01 | 1,181.52 |
| 2024 | 22,747.86 | 1,289.27 | 961.89 |
Dividend Declaration
The Board recommends a final dividend of ₹1.50 per equity share (15%) for FY 2025-2026. If approved, this would result in a dividend outflow of ₹1,04,46,120. The record date for dividend payment is set at August 20, 2026 and payment will be made on or after August 27, 2026.
Director Details and Shareholding
- Mr. Kanti Kumar Dadha (Chairman): Holding 400,158 shares
- Mr. Arvind Dadha (Managing Director): Holding 426,635 shares
- Mr. Ashish Dadha (Director & CFO): Holding 248,278 shares
- Independent Directors: Mr. Vinod Kankariya, Mr. Shashi Ashok Bekal, Mrs. Rajul Jogani - no shareholding
Corporate Governance
Board Composition: 6 Directors (3 Executive, 3 Independent including one woman director)
Board Meetings: 7 meetings held during FY 2025-2026
Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee properly constituted and functional
Compliance: Company has complied with all mandatory corporate governance requirements
Share Capital
Paid-up Capital: ₹6,96,40,800 comprising 69,64,080 equity shares of ₹10 each
Holding Pattern: Neverloose Properties & Investment Private Limited holds 53.74% stake
Dematerialization: 95.85% shares held in dematerialized form
Key Ratios (FY 2025-2026 vs FY 2024-2025)
- Debt-Equity Ratio: 0.89 (0.96)
- Debt Service Coverage Ratio: 46.35 (10.98)
- Return on Equity: 18.81% (19.78%)
- Inventory Turnover Ratio: 10.92 (17.02)
- Net Profit Ratio: 4.99% (4.77%)
Related Party Transactions
All related party transactions were conducted at arm's length length and in ordinary course of business. Transactions include loans from holding company Neverloose Properties & Investment Pvt. Ltd. and remuneration to directors.
CSR Activities
The company spent ₹28.50 lakhs on CSR against requirement of ₹27.72 lakhs, with excess ₹0.78 lakhs to be set off in FY 2026-2027. Activities conducted through donations to Shrimad Rajchandra Jivadaya Trust and Shrimad Rajchandra Sarvmangal Trust.
Other Significant Information
- Bankers: State Bank of India
- Registrar: MUFG Intime India Pvt. Ltd.
- Credit Rating: Infomerics Valuation reaffirmed Long-Term Bank Facilities at IVR BBB-/RWNI and Short-Term Bank Facilities IVR A3-/RWNI
- Employee Strength: 23 employees as on March 31, 2026
- Foreign Exchange: Earnings of ₹272.20 crore, Outgo of ₹67.20 crore
Voting Arrangements
Remote e-voting period: August 17, 2026 (9:00 AM) to August 19, 2026 (5:00 PM) through NSDL e-voting system. Cut-off date for determining voting rights: August 13, 2026.
Important Dates
- AGM Date: August 20, 2026
- Record Date for Dividend: August 20, 2026
- Dividend Payment Date: On or after August 27, 2026
- E-voting Period: August 17-19, 2026