Key Quantitative Figures

  • Revenue from Operations: ₹165.81 crore (FY26) vs ₹152.99 crore (FY25)
  • Profit Before Tax: ₹34.70 crore (FY26) vs ₹33.51 crore (FY25)
  • Profit After Tax: ₹27.23 crore (FY26) vs ₹22.44 crore (FY25)
  • Dividend: Interim dividend of ₹6.00 per equity share (60%) declared as final dividend
  • Paid-up Equity Capital: ₹10.39 crore as of March 31, 2026
  • Export Earnings: ₹29.54 crore
  • R&D Expenditure: ₹65.94 lakh (revenue) + ₹7.25 lakh (capital)
  • Solar Capacity: Expanded to approximately 1.5 MWP including new 320 KWP addition

AGM Details

  • Date: Monday, July 13, 2026 at 2:00 PM
  • Venue: Registered Office at 10.5 KM, Rampur – Bareilly Road, Rampur-244 901 (U.P.)
  • Book Closure: July 10, 2026 to July 12, 2026 (both days inclusive)
  • Cut-off Date for E-voting: July 5, 2026

Agenda Items

Ordinary Business

1. Adoption of audited financial statements, Directors' Report and Auditors' Report for FY 2025-26

2. Confirmation of interim dividend of ₹6.00 per share as final dividend

3. Appointment of Akshat Jain (DIN: 03328275) who retires by rotation

Special Business

4. Reappointment of Sushil Jain (DIN: 00323952) as Wholetime Director designated as Chairman for 3 years from August 16, 2026

  • Remuneration: Basic salary ₹12.05 lakh per month, commission up to 2% of profits, perquisites including housing, medical, LTC, club fees, car, telephone
  • Minimum remuneration: Payable even in absence of profits as per Schedule V

5. Reappointment of Satyendra Paroothi (DIN: 02899625) as Wholetime Director for 2 years from May 27, 2026

  • Remuneration: Basic salary ₹2.05 lakh per month, HRA ₹1.36 lakh per month

6. Reappointment of Sanjay Gupta (DIN: 09143820) as Independent Director for second term of 5 years from June 22, 2026

Board of Directors

  • Shri Sushil Jain (Chairman)
  • Shri Akshat Jain (Managing Director)
  • Shri Satyendra Paroothi (Wholetime Director)
  • Smt. Manisha Chamaria (Independent Director)
  • Shri Sanjay Gupta (Independent Director)
  • Shri Arun Kumar Garg (Independent Director)
  • Shri Vishnu Pershad Mathur (Independent Director)

Key Managerial Personnel

  • Shri Vishesh Chaturvedi (Company Secretary & Compliance Officer)
  • Shri Surya Pratap Singh (Chief Financial Officer)

Bankers

  • State Bank of India
  • Axis Bank Ltd.

Auditors

  • B.K. Shroff & Co., Chartered Accountants

Operational Performance

  • Domestic Sales: Increased by 11.32% in quantity and 10.26% in value
  • Export Sales: Decreased by 0.47% due to adverse geopolitical conditions
  • Production Capacity: Increased to 5400 MT from 3600 MT in 2021-22
  • New Land Acquisition: 16760 sq. meters at Unit 1, Rampur at cost of ₹5.03 crore

Strategic Initiatives

  • Solar Power: Commissioned 1000 KWP in FY 2024-25 and additional 320 KW in FY 2025-26
  • Future Plans: Additional 500 KWP solar capacity planned at Sitarganj plant
  • Product Diversification: Plans to introduce color toners
  • Share Subdivision: Board approved subdivision from ₹10 to ₹2 per share (subject to shareholder approval)

Corporate Governance

  • Board Meetings: 4 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (4), Nomination & Remuneration (2), Stakeholders Relationship (1), Share Transfer (18)
  • CSR Committee: Constituted on November 10, 2025
  • CSR Spending: ₹62.33 lakh fully spent, primarily contributed to Prime Minister's National Relief Fund

Shareholding Pattern

  • Promoter Group: 71.97 lakh shares (69.28%)
  • Public: 31.95 lakh shares (30.75%)
  • Dematerialized: 92.78% of total paid-up capital

Important Notes

  • Dividend Payment: Interim dividend of ₹6.00 per share declared
  • E-voting: Through NSDL platform for remote voting
  • Unclaimed Dividend: Final unpaid dividend for 2017-18 and interim for 2018-19 transferred to IEPF
  • Physical Shares: SEBI mandate requires dematerialization for transfer of securities

Financial Statements

Audited financial statements include:

  • Balance Sheet as at March 31, 2026
  • Statement of Profit and Loss for FY 2025-26
  • Statement of Cash Flows
  • Notes to Accounts

Auditors' Report

Unmodified opinion issued by B.K. Shroff & Co., Chartered Accountants with emphasis on:

  • Foreign exchange risk management
  • Compliance with accounting standards
  • Adequate internal financial controls

Material Developments

  • Land Revaluation: Fair value increase of ₹1077.44 lakh recognized through OCI
  • Labour Codes: One-time impact of ₹35.84 lakh on employee benefits due to new legislation
  • Geopolitical Impact: Export performance affected by global trade disruptions

Forward-looking Statements

Company remains focused on:

  • Domestic market expansion
  • Export strategy optimization
  • Product innovation and differentiation
  • Cost optimization and efficiency improvement