AGM Details

  • Date: Tuesday, September 29, 2026
  • Time: 4:00 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: September 22, 2026
  • E-voting Period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)

Business to be Transacted

Ordinary Business

1. Adoption of standalone and consolidated financial statements for FY 2025-26 and reports of Board of Directors and Auditors

2. Re-appointment of Mr. Shailesh Jayantilal Shah (DIN: 00777653) as Director retiring by rotation

Special Business

1. Re-designation of Mr. Shaileshkumar Jayantilal Shah from Non-Executive to Executive Managing Director and approval of remuneration

Financial Performance (Standalone)

Income Statement Highlights (₹ in Lacs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from Operations | 1,414.70 | 2,156.42 |

| Other Income | 18.62 | 36.96 |

| Total Income | 1,433.32 | 2,193.37 |

| Loss Before Tax | (77.07) | (327.70) |

| Loss After Tax | (77.07) | (327.70) |

| EPS (Basic & Diluted) | (2.46) | (10.47) |

Balance Sheet Highlights (₹ in Lacs)

| Particulars | As at 31.03.2026 | As at 31.03.2025 |

| Total Assets | 1,011.61 | 1,297.64 |

| Equity Share Capital | 313.13 | 313.13 |

| Other Equity | 426.45 | 501.31 |

| Total Equity | 739.58 | 814.44 |

| Total Liabilities | 272.03 | 483.20 |

Key Operational Highlights

  • Industry: Manufacture of Detergent Powder & Cake
  • Raw Materials: Available within India
  • Exports: No exports made during the year (same as previous year)
  • Employee Strength: 17 employees as of March 31, 2026
  • Listing: Securities listed on BSE Limited; listing fees paid for FY 2025-26

Subsidiary Performance

Jayantilal Bhogilal Chemicals Private Limited (Subsidiary):

  • Share Capital: ₹9,00,500
  • Reserves & Surplus: (₹8,58,414)
  • Total Assets: ₹82,086
  • Total Liabilities: ₹82,086
  • Turnover: ₹0
  • Loss After Taxation: (₹4,965)
  • No proposed dividend

Director Changes and Board Composition

  • Mr. Prafulla Gattani resigned as Managing Director on August 14, 2026
  • Mr. Umesh P Mehta (Independent Director) passed away on July 30, 2026
  • Current Board comprises 5 Directors (1 Executive, 2 Non-Executive, 2 Independent including 2 women directors)
  • Board met 5 times during FY 2025-26

Compliance Issues Identified

1. CFO Vacancy: Failed to fill vacancy after resignation of Shri Rumit B. Shah within stipulated time as per Regulation 26A(2) of SEBI LODR and Section 203(4) of Companies Act, 2013

2. Independent Director Tenure: Failed to appoint new independent directors despite existing directors serving for over 10 years, contravening Section 149(11) of Companies Act, 2013 and Regulation 25 of SEBI LODR

Audit Reports

  • Statutory Auditors' Report: No qualifications, reservations, or adverse remarks
  • Secretarial Audit Report: Contains qualifications regarding CFO vacancy and independent director tenure

Capital Structure

  • Authorized Share Capital: ₹500.00 Lacs (50,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹313.13 Lacs (31,31,300 equity shares of ₹10 each)
  • No change in capital structure during the year

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to reserves for the year

Related Party Transactions

All contracts/arrangements/transactions with related parties were in the ordinary course of business and at arm's length basis. Details provided in Form AOC-2.

Corporate Governance

  • The company has adopted Code of Conduct for Directors and Senior Management Personnel
  • Whistle Blower Policy and Prevention of Insider Trading Code in place
  • No instances of sexual harassment reported during the year

Risk Factors

  • Stiff competition from multinational and domestic competitors
  • Increasing raw material costs affecting profitability
  • High advertising and marketing expenses impacting margins

Important Dates

  • Book Closure: September 22, 2026 to September 29, 2026 (both days inclusive)
  • E-voting: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • AGM: September 29, 2026 at 4:00 PM

Voting Instructions

Detailed instructions provided for:

  • Remote e-voting through NSDL platform
  • Joining AGM through Video Conferencing/Other Audio Visual Means
  • Registration requirements for shareholders without email IDs