Annual General Meeting Details

  • Date: Thursday, 10th September, 2026
  • Time: 01:00 p.m. (IST)
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: Thursday, 3rd September, 2026 for determining voting rights
  • Book Closure: Friday, 4th September to Thursday, 10th September, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business:

1. To adopt Audited Financial Statements for FY ended 31st March, 2026 and Reports of Board of Directors and Auditors

2. To appoint Director in place of Mrs. Mona Pratap Menon (DIN: 00117025) who retires by rotation

Special Business:

3. Approval for Material Related Party Transactions between Company and Marshalls Enterprises India Private Limited for financial years 2027-28, 2028-29 and 2029-30

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Total Income: ₹427.36 lakhs (previous: ₹375.34 lakhs) - 14% increase
  • Net Profit: ₹11.02 lakhs (previous: ₹7.14 lakhs)
  • Digital Printing Sales: ₹228.97 lakhs (previous: ₹158.41 lakhs) - 45% increase
  • Catalogue Sales: ₹59.44 lakhs (previous: ₹51.83 lakhs) - 15% increase
  • Warehousing Income: ₹59.73 lakhs (previous: ₹66.37 lakhs) - 10% decrease
  • Franchisee Commission: ₹24.67 lakhs (previous: ₹25.39 lakhs)
  • MFP Sales: Nil (previous: ₹47.29 lakhs)

Dividend Declaration

No dividend recommended for FY 2025-26 to conserve resources for future growth and operational requirements.

Related Party Transactions

Item No. 3 - Special Business: Approval sought for Material Related Party Transactions with Marshalls Enterprises India Private Limited (MEIPL), a company having common Directors and Shareholders.

Transaction Details:

| Transaction Type | FY 2027-28 (₹) | FY 2028-29 (₹) | FY 2029-30 (₹) |

| Sale of Goods | 12,00,00,000 | 14,00,00,000 | 16,00,00,000 |

| Purchase of Goods | 4,00,00,000 | 5,00,00,000 | 6,00,00,000 |

| Warehousing Charges Received | 2,20,00,000 | 2,50,00,000 | 3,00,00,000 |

| Franchise Commission Received | 60,00,000 | 75,00,000 | 1,00,00,000 |

| Packing & Forwarding Charges Received | 1,10,00,000 | 1,20,00,000 | 1,40,00,000 |

| Service charges paid | 1,10,00,000 | 1,21,00,000 | 1,33,10,000 |

| Reimbursement of Expenses Received | 1,02,86,000 | 1,16,39,600 | 1,31,68,560 |

| Reimbursement of Expenses Paid | 20,00,000 | 22,00,000 | 24,20,000 |

Justification: Gratex benefits from Marshalls' extensive network and brand reputation across India, enabling product promotion with minimal marketing expenditure.

Percentage of annual consolidated turnover: Approximately 425%

Board of Directors

  • Mr. Baldevkrishan Ramratan Sharma - Chairman & Director
  • Mr. Karan Baldevkrishan Sharma - Managing Director (DIN: 00117188)
  • Mrs. Mona Pratap Menon - Director & CFO (DIN: 00117025)
  • Mr. Prashant Sawant - Independent Director
  • Ms. Akanksha Bector - Independent Director

Key Managerial Personnel

  • Mr. Karan Baldevkrishan Sharma - Managing Director
  • Mrs. Mona Pratap Menon - Chief Financial Officer
  • Ms. Neha Arora - Company Secretary and Compliance Officer

Capital Structure

  • Authorized Share Capital: ₹40,00,000 (40,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹3,03,48,000 (30,34,800 equity shares of ₹10 each)
  • No change in Authorized or Paid-up Share Capital during the financial year

Shareholding Pattern (as on 31st March, 2026)

  • Promoters: 18,78,759 shares (61.90%)
  • Public: 11,56,041 shares (38.10%)
  • Total Outstanding Shares: 30,34,800 shares

Corporate Governance

Company has three Board-level committees:

1. Audit Committee

2. Stakeholder Relationship Committee

3. Nomination and Remuneration Committee

Board Meetings: 6 meetings held during FY 2025-26

Important Communications

  • Annual Report available on company website: https://www.gratex.in
  • e-Voting facility provided through NSDL
  • Members can register email addresses for electronic communication
  • Physical copies available on request

Forward Outlook

Company targeting 25% turnover increase in FY 2026-27, focusing on Digital Wallpaper and Catalogue manufacturing segments, and exploring export markets.