AGM Details

The 49th Annual General Meeting will be held on Wednesday, September 23, 2026 at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The deemed venue is the Registered Office at No. 24, II Main, I Phase, Doddanekkundi Industrial Area, Mahadevapura Post, Bengaluru-560048.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 along with Reports of Board of Directors and Auditors

2. To appoint Mr. Nuthakki Rajender Prasad (DIN:00145659) as a Non-Executive Non-Independent Director who retires by rotation

Special Business:

3. Re-appointment of Mrs. Urmi N. Prasad (DIN: 00319482) as Joint Managing Director for 5 years from April 1, 2027 to March 31, 2032

4. Re-appointment of Ms. Charita Thakkar (DIN: 00321561) as Joint Managing Director for 5 years from April 1, 2027 to March 31, 2032

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹225.77 lakh (Previous year: ₹169.22 lakh)
  • Other Income: ₹31.35 lakh (Previous year: ₹32.16 lakh)
  • Total Income: ₹257.12 lakh (Previous year: ₹201.37 lakh)
  • Total Expenses: ₹228.08 lakh (Previous year: ₹179.27 lakh)
  • Profit Before Tax: ₹29.04 lakh (Previous year: ₹22.10 lakh)
  • Current Tax: ₹4.15 lakh (Previous year: ₹1.88 lakh)
  • Deferred Tax: ₹1.49 lakh (Previous year: ₹5.62 lakh)
  • Profit After Tax: ₹23.57 lakh (Previous year: ₹14.60 lakh)
  • Earnings Per Share (Basic & Diluted): ₹3.95 (Previous year: ₹2.45)
  • No dividend declared for FY 2025-26

Key Operational Metrics

  • Sales volume: 984 MT
  • 26 new customers developed
  • 84 new products developed
  • 26 permanent employees as on March 31, 2026

Director Remuneration Details

Ms. Urmi N. Prasad (Joint Managing Director):

  • Basic Salary: ₹2,00,000 per month
  • Commission: 1% of net profits
  • Housing allowance, leave travel assistance, club membership, insurance benefits
  • Total remuneration for FY 2025-26: ₹35.92 lakh

Ms. Charita Thakkar (Joint Managing Director):

  • Basic Salary: ₹2,00,000 per month
  • Commission: 1% of net profits
  • Housing, gas/electricity/water furnishing, club membership, insurance benefits
  • Total remuneration for FY 2025-26: ₹32.03 lakh

Share Capital Structure

  • Authorized Share Capital: ₹18.00 crore (1.40 crore equity shares of ₹10 each + 40 lakh 5% Non-Cumulative Redeemable Preference Shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹5.97 crore (59,69,166 equity shares of ₹10 each fully paid-up)
  • No change in share capital during the year

Board of Directors

1. Ms. Urmi Nuthakki Prasad - Joint Managing Director & CFO (DIN:00319482)

2. Ms. Charita Thakkar - Joint Managing Director (DIN:00321561)

3. Mr. Rajesh Shirish Parikh - Independent Director (DIN:08258755)

4. Mr. Phiroz Munshi - Independent Director (DIN:10256513)

5. Mr. Nuthakki Rajender Prasad - Non-Executive Non-Independent Director (DIN:00145659)

Key Appointments

  • Statutory Auditors: M/s Dayal and Lohia, Mumbai (appointed till conclusion of 50th AGM)
  • Secretarial Auditor: J J Gandhi & Co., Vadodara (appointed for 5 years from April 1, 2025)
  • Internal Auditors: M/s Krishna & Vishwas LLP
  • Registrar & Share Transfer Agent: Bigshare Services Pvt Ltd.
  • Company Secretary & Compliance Officer: Mr. Sagar Pahariya

Compliance Information

  • The AGM is being conducted in compliance with MCA Circulars and SEBI Circulars permitting virtual meetings
  • E-voting period: September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
  • Cut-off date for e-voting: September 16, 2026
  • Scrutinizer: Mr. J.J. Gandhi of J.J. Gandhi & Co., Practicing Company Secretaries

Corporate Governance

  • The company has complied with corporate governance requirements under SEBI LODR Regulations
  • Four Board meetings held during FY 2025-26
  • All directors attended the last AGM held on September 23, 2025
  • Vigil Mechanism/Whistle Blower Policy in place
  • No material related party transactions

Risk Factors

  • Volatility in global crude prices affecting raw material costs
  • Intense market competition
  • Rising energy costs
  • Evolving environmental and regulatory requirements
  • Foreign exchange rate fluctuations affecting imported raw materials

Registration Details

  • Head Office: 731, 7th Floor, Ecstasy, City of Joy, J S D Road, Mulund West, Mumbai 400080

Bankers

Axis Bank Limited, State Bank of India, Canara Bank, Bank of Baroda, HDFC Bank

Important Dates

  • AGM Date: September 23, 2026
  • E-voting period: September 20-22, 2026
  • Record date: September 16, 2026
  • Board approval date: August 12, 2026