Financial Performance Highlights

Financial Year: April 1, 2025 to March 31, 2026

Key Financial Figures (₹ Lakhs):

  • Revenue from operations: ₹27.47 (Previous year: ₹20.64)
  • Other income: ₹16.08 (Previous year: ₹16.14)
  • Total income: ₹43.55 (Previous year: ₹36.78)
  • Net loss after tax: ₹(42.57) (Previous year: ₹(40.98))
  • Total comprehensive income: ₹(42.21) (Previous year: ₹(40.94))
  • Earnings per share (Basic & Diluted): ₹(0.98) (Previous year: ₹(0.95))

Financial Position as at March 31, 2026:

  • Property, Plant and Equipment: ₹46.46 lakhs
  • Inventories: ₹0.33 lakhs
  • Trade receivables: Nil
  • Cash and cash equivalents: ₹2.55 lakhs
  • Non-current loans: ₹102.40 lakhs
  • Current liabilities: ₹24.38 lakhs
  • Equity share capital: ₹571.38 lakhs (43,27,100 equity shares of ₹10 each)
  • Other equity: ₹(649.11) lakhs
  • Net worth: ₹(77.73) lakhs

AGM Details

Date and Time: Thursday, July 16, 2026 at 10:00 AM

Venue: B-6/3, IDA, Uppal, Hyderabad - 500039

Book Closure: June 11, 2026 to July 16, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business

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

2. Re-appointment of Dr. B. Neeta Kumari (DIN: 00313522) who retires by rotation

Special Business

3. Approval for Material Related Party Transactions - Ordinary Resolution

  • Transactions with related parties for FY 2026-27 not exceeding ₹20.00 crores per annum
  • Parties involved: Mr. Sreedhar Chowdhury (Managing Director), Oxeeco Technologies Private Limited, Fusion Lastek Technologies Private Limited
  • Specific transactions:
  • Rent from Oxeeco Technologies: ₹14.40 lakhs
  • Service contracts with Oxeeco Technologies: ₹75.00 lakhs
  • Loans/guarantees with Fusion Lastek: ₹1,800.00 lakhs
  • Unsecured loans from Sreedhar Chowdhury: ₹100.00 lakhs

4. Authorization for Sale of Land under Section 180(1)(a) - Special Resolution

  • Pursuant to Telangana Government G.O.Ms.No.27 dated November 22, 2025 (HILTP Policy)
  • Land details: B-6/2 & B-6/3, IDA, Uppal, Hyderabad, 8543.92 Sq.Mts (2.11 Acres)
  • Registered under sale deed No.8387/1995 dated November 24, 1995
  • Authorization to apply for change in land use from industrial to multi-purpose use
  • Authorization to negotiate with prospective buyers for sale or other arrangements

5. Authorization under Section 186 - Special Resolution

  • For loans, guarantees, security, and investments in other bodies corporate
  • Limit: ₹50 Crores outstanding at any time

6. Approval under Section 185 - Special Resolution

  • For giving loans/guarantees to entities where directors are interested
  • Limit: ₹50 Crores at any point of time

Operational Performance

  • Company operations suffered due to delay in finalization of orders by potential customers
  • Gestation period for capital goods orders takes considerable time
  • Hopeful that pipeline projects will result in orders during current year
  • Diversification program undertaken to modify equipment for pharmaceutical and specialty chemicals industry
  • Total employee strength: 9 employees (7 male, 2 female)

Corporate Governance

Board Composition:

  • Sri Sreedhar Chowdhury - Managing Director (DIN: 00188924)
  • Sri Vikram Simha Vepa - Non-Executive Independent Director (DIN: 10731644)
  • Ms. Hima Bindu Sagala - Non-Executive Independent Director (DIN: 09520601)
  • Dr. B. Neeta Kumari - Non-Executive Woman Director (DIN: 00313522)

Board Meetings: 4 meetings held during FY 2025-26

Committee Structure: Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee

Auditors

Statutory Auditors: M/s. Brahmayya & Co., Chartered Accountants (Firm Regn. No.: 000513S)

Internal Auditors: M/s. G P Associates, Chartered Accountants

Secretarial Auditor: M/s. MNM & Associates, Company Secretaries

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 66.34%
  • Public: 27.83%
  • Foreign Bodies Corporate: 4.62%
  • Others: 1.21%

Dematerialization Status:

  • NSDL: 79.63%
  • CDSL: 10.12%
  • Physical: 10.25%

Key Ratios

  • Debtors Turnover: 2.12
  • Inventory Turnover: 5.01
  • Interest Coverage Ratio: (3.72)
  • Current Ratio: 0.28
  • Debt Equity Ratio: (1.31)
  • Operating Profit Margin: (1.55)
  • Net Profit Margin: (1.55)
  • Return on Net Worth: (54.76)

Other Disclosures

  • No dividends declared for FY 2025-26
  • No deposits accepted during the year
  • No material orders passed by regulators/courts impacting going concern status
  • No instances of fraud reported by auditors under Section 143(12)
  • No credit rating obtained during the year
  • Whistle Blower Policy and POSH Policy implemented
  • Company shares listed on BSE Limited and Calcutta Stock Exchange (delisting application pending with CSE)

Financial Impact

  • Continued operational losses impacting net worth
  • Land sale authorization could provide significant liquidity if approved and executed
  • Related party transactions constitute material business relationships
  • Loan authorizations seek to provide financial flexibility