Key Financial Figures (FY 2025-26)

  • Revenue from Operations: ₹14,596.29 lakhs (decreased 3.93% from ₹15,194.50 lakhs in FY25)
  • Other Income: ₹10.52 lakhs (increased 70.77% from ₹6.16 lakhs in FY25)
  • Total Revenue: ₹14,606.81 lakhs
  • Profit before Interest, Depreciation & Tax: ₹1,297.32 lakhs
  • Finance Cost: ₹113.45 lakhs (decreased from ₹182.05 lakhs in FY25)
  • Depreciation & Amortization: ₹195.73 lakhs
  • Provision for Taxation: ₹241.51 lakhs
  • Provision for Deferred Tax: ₹23.64 lakhs
  • Short/(Excess) Tax Provision: (₹14.19) lakhs
  • Net Profit: ₹737.17 lakhs (decreased 10.87% from ₹827.14 lakhs in FY25)
  • Cash Profit: ₹932.90 lakhs (decreased 8.08% from ₹1,014.90 lakhs in FY25)
  • Assets Capitalized: ₹52.82 lakhs
  • Dividend Recommended: ₹1.50 per equity share (15%)
  • Dividend Payout: ₹84.75 lakhs (if approved)
  • Record Date for Dividend: August 12, 2026
  • Dividend Payment Date: By September 16, 2026

Capital Structure

  • Paid-up Equity Share Capital: ₹565.00 lakhs (56,50,000 equity shares of ₹10 each)
  • No outstanding shares with differential rights, sweat equity or ESOS

AGM Details

  • 34th Annual General Meeting to be held on Tuesday, August 18, 2026 at 3:00 PM IST
  • Meeting to be conducted through Video Conferencing/Other Audio Visual Means
  • Deemed venue: Corporate Office at 202-203, Alkapuri Arcade, B Wing, R.C. Dutt Road, Vadodara-390007

Agenda Items

Ordinary Business

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

2. Declaration of dividend of ₹1.50 per equity share

3. Appointment of director (Ms. Neha Vivek Vora) retiring by rotation

Special Business

4. Re-appointment of Mr. Neil Kiran Shah as Managing Director for 5 years from April 1, 2026 to March 31, 2031 with monthly salary of ₹4,50,000 plus perquisites

5. Ratification of remuneration of Cost Auditors M/s. Y.S. Thakkar & Associates at ₹55,000 plus GST for FY 2026-27

6. Appointment of M/s. Janki and Associates as Secretarial Auditor to fill casual vacancy caused by resignation of M/s. Jayesh Vyas and Associates

Board of Directors (as of March 31, 2026)

  • Mr. Neil Kiran Shah: Managing Director & CFO, Chairman (w.e.f October 31, 2026)
  • Ms. Neha Vivek Vora: Managing Director (w.e.f October 31, 2025)
  • Mr. Kiran Arvindlal Shah: Director (up to October 31, 2025)
  • Mr. Divyakant R. Zaveri: Independent Director
  • Mr. Sanjaykumar Dalsukhbhai Shah: Independent Director
  • Mr. Ashwinbhai Kantilal Shah: Independent Director

Key Managerial Personnel

  • Mr. Vipul Chhetariya: Company Secretary and Compliance Officer

Bankers

  • State Bank of India, Specialized Commercial Branch, Vadodara

Auditors

  • Statutory Auditors: M/s. CNK & Associates LLP, Chartered Accountants (FRN: 101961W/W10036)
  • Cost Auditors: M/s. Y.S. Thakkar & Associates (Registration No. 000318)
  • Secretarial Auditors: M/s. Janki and Associates (M. No. A49469, COP No. 17960)
  • Internal Auditors: M/s. K.R. Associates, Chartered Accountants

Registered Office & Units

  • Registered Office & Unit-1: Plot no. 488, Baroda-Savli Highway, Vill. Tundav, Tal. Savli, Dist. Vadodara-391775
  • Unit-2: Plot No. D2/E/83, Dahej-II, GIDC Estate, Vagra, Dist: Bharuch-392220
  • Corporate Office: 201-202, Alkapuri Arcade, "B" Wing, R.C. Dutt Road, Opp. Welcome Hotel, Vadodara-390007

Registrar & Share Transfer Agent

  • M/s. MCS Share Transfer Agent Ltd., Vadodara

Operational Performance Highlights

  • Gross Sales (excluding GST): ₹14,596.29 lakhs vs ₹15,194.50 lakhs in previous year (3.93% decrease)
  • Sales volume decreased approximately 3.91% compared to previous year
  • Decrease attributed to fluctuation in raw material prices causing reduction in product sales prices
  • Inventory decreased 28.88% from ₹1,452.27 lakhs to ₹1,032.71 lakhs
  • Trade receivables decreased 1.75% from ₹3,045.48 lakhs to ₹2,992.16 lakhs
  • Cash & bank balance decreased from ₹301.49 lakhs to ₹101.54 lakhs

Key Ratios

  • Debt-Equity Ratio: 0.07 (vs 0.42 in FY25)
  • Return on Equity Ratio: 13.55% (vs 17.44% in FY25)
  • Inventory Turnover Ratio: 11.75 (vs 13.51 in FY25)
  • Net Profit Ratio: 5.05% (vs 5.44% in FY25)
  • Return on Capital Employed: 17% (vs 18% in FY25)

Corporate Social Responsibility (CSR)

  • CSR obligation for FY 2025-26: ₹25.45 lakhs
  • Actual CSR expenditure: ₹25.45 lakhs
  • Focus areas: Education, Rural development, Community Healthcare
  • Major beneficiaries: Saksham Foundation, Muni Seva Ashram, Hari Om Seva Trust, PM CARES Fund

Auditor Reports

  • Statutory Auditors' Report: Unmodified opinion without qualifications
  • Secretarial Audit Report: No qualifications or adverse remarks
  • Cost Audit Report: Maintained as specified under Section 148(1) of Companies Act, 2013

Voting Arrangements

  • Remote e-voting period: August 15, 2026 (9:00 AM) to August 17, 2026 (5:00 PM)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Cut-off date for voting rights: August 12, 2026

Other Material Information

  • Company has adequate internal financial controls systems
  • No material changes affecting financial position between year-end and report date
  • No fraud reported by auditors to Audit Committee or Board
  • No significant orders passed by regulators or courts impacting going concern status
  • Company has not accepted any public deposits
  • Vigil Mechanism/Whistle Blower Policy in place
  • Sexual Harassment complaints: Nil received, Nil disposed, Nil pending