Annual General Meeting Details

  • Meeting Date: Thursday, July 30, 2026 at 3:00 PM IST
  • Venue: Registered Office at 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013
  • Remote e-voting period: Monday, July 27, 2026 at 09:00 AM to Wednesday, July 29, 2026 at 05:00 PM
  • Cut-off date for voting rights: Thursday, July 23, 2026
  • Book closure: Friday, July 24, 2026 to Thursday, July 30, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors' Report

2. Re-appointment of Director: Mr. Kalpesh Rameshchandra Shah (DIN: 00294115) who retires by rotation and offers himself for re-appointment

Special Business

3. Appointment of Director: Mrs. Julie Mehul Shah (DIN: 03500721) as Director liable to retire by rotation (was appointed as Additional Director from August 7, 2025)

Financial Performance Highlights

Standalone Results (₹ in Lakhs)

| Particulars | 2025-2026 | 2024-2025 |

| Revenue from Operations | 60.76 | 62.37 |

| Total Expenses | 71.32 | 47.09 |

| Profit/(Loss) before Tax | (10.56) | 15.28 |

| Tax Expense | (5.29) | - |

| Net Profit/(Loss) after Tax | (5.27) | 15.28 |

Consolidated Results (₹ in Lakhs)

| Particulars | 2025-2026 | 2024-2025 |

| Revenue from Operations | 60.76 | 62.37 |

| Total Expenses | 71.97 | 47.71 |

| Profit/(Loss) before Tax | (11.21) | 14.66 |

| Tax Expense | (5.29) | - |

| Net Profit/(Loss) after Tax | (5.92) | 14.66 |

Dividend: No dividend recommended for FY 2025-26 due to losses

Capital Structure

  • Authorized Share Capital: 1,03,00,000 equity shares of ₹10 each (₹10.30 crores)
  • Issued, Subscribed and Paid-up Capital: ₹9.9888 crores
  • 99,76,400 equity shares of ₹10 each fully paid-up: ₹9.9764 crores
  • 49,600 equity shares of ₹10 each, ₹2.50 per share paid-up: ₹1.24 lakhs (₹7.50 per share calls-in-arrears)
  • Dematerialization Status: 71.72% of share capital dematerialized as of March 31, 2026

Subsidiary Companies

The company has two wholly-owned subsidiaries:

1. Kshanika Trading Limited (acquired December 2, 2002)

  • Share capital: ₹5 lakhs
  • Reserves and surplus: (₹4.12 lakhs)
  • Total assets: ₹379.76 lakhs
  • Net loss for FY26: ₹0.65 lakhs

2. Jogindra Exports Limited (acquired November 30, 2002)

  • Share capital: ₹5 lakhs
  • Reserves and surplus: ₹0.62 lakhs
  • Total assets: ₹3,804.52 lakhs
  • Net profit for FY26: Nil

Board of Directors

Current Composition

  • Mr. Kalpesh Rameshchandra Shah: Managing Director (DIN: 00294115)
  • Mr. Girish Manilal Boradia: Non-Executive & Independent Director (DIN: 00476124)
  • Mr. Hitesh Sangoi: Non-Executive & Independent Director (DIN: 00507189)
  • Mr. Ganesh Vijay Shiraskar: Non-Executive & Independent Director (DIN: 10330144)
  • Mrs. Julie Mehul Shah: Non-Executive Director (DIN: 03500721)
  • Mr. Sanjay Amratlal Desai: Non-Independent Director and CFO (DIN: 00671414)

Key Managerial Personnel

  • Mr. Kalpesh Rameshchandra Shah (Managing Director)
  • Mr. Sanjay Amratlal Desai (Chief Financial Officer)
  • Ms. Niyati Sengar (Company Secretary & Compliance Officer)

Corporate Governance Compliance

  • The company has complied with all mandatory requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Adequate internal financial controls were in place and operating effectively
  • No instances of fraud requiring reporting under Section 143(12) of Companies Act, 2013
  • No material orders passed by regulators or courts impacting going concern status

Voting Arrangements

  • Scrutinizer: Mrs. Dhanraj Kothari of M/s. D. Kothari and Associates
  • E-voting Service Provider: Purva Sharegistry (India) Private Limited
  • Voting Methods: Remote e-voting, e-voting at AGM, and ballot paper
  • Members can opt for only one mode of voting

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 70.82% (71,00,000 shares)
  • Public Shareholding: 29.18% (29,26,000 shares)
  • Top Shareholder: Mehul Jadavji Shah (65,82,000 shares, 65.66%)

Other Material Information

  • Bankers: Bank of India
  • Registrar and Share Transfer Agent: Purva Sharegistry (India) Private Limited
  • Internal Auditor: Mr. Rajesh Karani
  • Number of Employees: 4 permanent employees as on March 31, 2026
  • CSR Provisions: Not applicable as company doesn't meet prescribed thresholds
  • Deposits: No deposits accepted from public during the year