Key Financial Figures (FY 2025-26)

  • Revenue from Operations: ₹18,405.68 lakhs (FY 2024-25: ₹20,288.62 lakhs)
  • Operating Profit (Before Interest & Depreciation): ₹1,272.68 lakhs (FY 2024-25: ₹1,310.52 lakhs)
  • Profit Before Tax: ₹130.56 lakhs (FY 2024-25: ₹350.93 lakhs)
  • Profit After Tax: ₹96.98 lakhs (FY 2024-25: ₹268.63 lakhs)
  • Total Comprehensive Income: ₹110.22 lakhs (FY 2024-25: ₹390.69 lakhs)
  • Exports (FOB value): ₹9,585.79 lakhs (FY 2024-25: ₹8,528.64 lakhs)
  • Paid-up Share Capital: ₹488.83 lakhs (unchanged from previous year)
  • Final Dividend Recommended: ₹0.50 per equity share (FY 2024-25: ₹1.00 per share)
  • Total Dividend Amount: ₹24,44,150/- (if declared)

Annual General Meeting Details

  • Date: Wednesday, 23rd September, 2026
  • Time: 1:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: 16th September, 2026
  • Dividend Payment: On or before 30th day from declaration date

Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Directors and Auditors

2. Declaration of final dividend of ₹0.50 per equity share

3. Re-appointment of Mr. Rishab Chhajer (DIN: 05184646) who retires by rotation

Special Business:

4. Appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for five consecutive years from FY 2026-27 to FY 2030-31 at remuneration of ₹90,000 per annum plus applicable taxes

Key Corporate Developments

  • Management Changes: Mr. Ashok Chhajer (Chairman & Managing Director) passed away on 6th July, 2025. Mr. Rishab Chhajer appointed as Chairman & Managing Director.
  • Director Appointments: Mr. Parth B. Thakkar (DIN: 10709057) appointed as Independent Director for 5 years from 1st September, 2025.
  • CFO Change: Ms. Jhanvi Jansari resigned as CFO on 4th June, 2026; Mr. Mudesharsha Fakir appointed as CFO from 29th July, 2026.
  • Export Recognition: Company recognized as Two Star Export House by Director General of Foreign Trade.
  • Solar Power Initiatives: Installed 1.6 MW solar project at Kadi unit and 448 KW rooftop solar panels at Santej unit in addition to existing 1 MW rooftop solar panels.

Capital Structure Impact

No change in share capital during the year. Paid-up capital remains at ₹488.83 lakhs comprising 48,88,300 equity shares of ₹10 each.

Important Dates and Deadlines

  • E-voting Period: 20th September, 2026 (9:00 AM) to 22nd September, 2026 (5:00 PM)
  • Cut-off Date for E-voting: 16th September, 2026
  • Query Submission Deadline: 10 days before AGM (by 13th September, 2026)
  • Speaker Registration Deadline: 10 days before AGM for those wishing to speak during meeting

Dividend Information

  • Dividend per share: ₹0.50 (if approved)
  • Taxation: Dividend income taxable in hands of members with TDS applicable
  • Payment: For physical shares - to members on register as on record date; for demat shares - to beneficiaries as per NSDL/CDSL records
  • Unclaimed Dividend: Members advised to claim unpaid dividends from previous years to avoid transfer to IEPF

Corporate Governance

  • Board Meetings: 9 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (5 meetings), Stakeholders' Relationship Committee (1 meeting)
  • Directors' Responsibility Statement: Provided as per Section 134 of Companies Act, 2013
  • Whistle Blower Policy: Implemented and operational

Risk Factors Disclosed

  • Intense competition in industry
  • Volatility in raw material prices due to crude price fluctuations
  • Customer concentration risk (one customer contributed 12.59% of revenue)

Other Significant Information

  • Credit Rating: BBB-/Stable by Acuite Ratings and Research Limited (20th November, 2025)
  • Banking Arrangements: Facilities from State Bank of India, HSBC, and HDFC Bank
  • Employee Strength: 284 permanent employees
  • Industrial Relations: Cordial throughout the year
  • CSR: Not applicable as provisions under Section 135 not triggered