Company Overview

Harshdeep Hortico Limited (CIN: U26994MH2022PLC396421), incorporated on 30-Dec-2022, is engaged in designing, developing, manufacturing, and supplying various types of pots, planters, outdoor furniture, and shade nets. The company took over the business of proprietorship concern M/s Harshdeep Agro Products on 03-Apr-2023.

4th Annual General Meeting Details

  • Date: 17th September 2026
  • Time: 12:30 PM IST
  • Venue: Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane, Maharashtra, India, 421302
  • Remote e-voting period: 14-Sep-2026 (09:00 AM) to 16-Sep-2026 (05:00 PM)
  • Record date: 10-Sep-2026 for dividend and voting eligibility

Financial Performance FY 2025-26 (₹ in lakhs)

  • Total Revenue: ₹6,874.46 (Previous year: ₹5,641.94) - growth of 21.8%
  • Profit Before Tax: ₹1,604.34 (Previous year: ₹1,140.82) - growth of 40.6%
  • Profit After Tax: ₹1,252.13 (Previous year: ₹970.08) - growth of 29.1%
  • Reserves and Surplus: ₹4,384.72 (Previous year: ₹3,132.60)
  • Earnings Per Share: ₹7.78 (Basic and Diluted)

Dividend Declaration

  • Final dividend recommended: ₹0.25 per equity share (2.5%)
  • Payment to shareholders on record as of 10-Sep-2026
  • Dividend amount: ₹40.24 lakhs aggregate

Board of Directors Changes

  • Shankar Keshava Vailaya resigned as Non-Executive Independent Director effective 16-Jul-2026
  • Megh Hitesh Shah (DIN: 10322752) retires by rotation and seeks re-appointment
  • Harshit Hitesh Shah redesignated from Whole-Time Director to Executive Director effective 18-Aug-2026

Special Business Resolutions

Item 4: Approval of Managerial Remuneration Exceeding Section 197 Limits

  • Seeking approval for aggregate managerial remuneration exceeding 11% but not exceeding 20% of net profits for FY 2026-27
  • Includes remuneration to Mr. Hitesh Chunilal Shah (Managing Director) exceeding 10% of net profits
  • Includes remuneration to non-managing/whole-time directors exceeding 1% of net profits

Item 5: Increase in Remuneration and Change in Designation of Mr. Harshit Hitesh Shah

  • Designation change from Whole-Time Director to Executive Director effective 18-Aug-2026
  • Remuneration increase to ₹60,00,000 per annum

Item 6: Approval of Remuneration including Commission for Mr. Hitesh Chunilal Shah

  • Remuneration package for FY 2026-27 and FY 2027-28:
  • Salary: ₹1,80,00,000 per annum including perquisites
  • Commission: Up to 2% of net profits
  • Perquisites include rent-free accommodation, medical expenses, club fees, education expenses, company-maintained car

Item 7: Fixation of Remuneration for Ms. Dipti Hitesh Shah

  • Remuneration of ₹12,00,000 per annum for Non-Executive Director role

Capital Structure

  • Authorized Share Capital: ₹20,00,00,000 divided into 2,00,00,000 shares of ₹10 each
  • Paid-up Share Capital: ₹16,09,40,600 divided into 1,60,94,060 shares of ₹10 each
  • No changes in share capital during the year

Key Financial Ratios

  • Current Ratio: 3.31 (Previous year: 5.70)
  • Debt Equity Ratio: 0.07 (Previous year: N/A)
  • Inventory Turnover Ratio: 1.67 (Previous year: 1.71)
  • Return on Equity: 23% (Previous year: 23%)
  • Net Profit Ratio: 18% (Previous year: 17%)

Borrowings and Liabilities

  • Term Loan: ₹1.70 Cr availed under CGTMSE Scheme at 9.00% p.a.
  • Vehicle Loans: ₹0.23 Cr secured against vehicles at 8.47-8.80% p.a.
  • Cash Credit: ₹1.92 Cr secured by inventory and trade receivables
  • Trade Payables: ₹6.43 Cr (including ₹2.99 Cr to micro and small enterprises)

Asset Position

  • Property, Plant and Equipment: ₹17.38 Cr (Net block)
  • Inventories: ₹38.21 Cr (62.2% increase from previous year)
  • Trade Receivables: ₹19.94 Cr (51.6% increase from previous year)
  • Cash and Cash Equivalents: ₹0.97 Cr

Corporate Governance

  • Statutory Auditors: M/s. Kailash Chand Jain & Co. (Firm Registration No. 112318W) appointed for 5 years until FY 2029-30
  • Secretarial Auditors: M/s. Dilip Swarnkar & Associates
  • Internal Auditor: Mr. Ankit Manilal Gala
  • CSR Committee: Constituted with Dhruva Hemandra Parekh as Chairman
  • CSR Expenditure: ₹13.50 lakhs on health camps through SWAR LIPI CHARITABLE TRUST (CSR00055590)

Other Disclosures

  • Employee Strength: 172 permanent employees
  • Whistleblower Policy: Implemented, no complaints during the year
  • Sexual Harassment Committee: Constituted, no complaints during the year

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