AGM Details

  • Meeting Date: Tuesday, September 22, 2026
  • Time: 11:30 AM (IST)
  • Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at 204, Bldg No. B-65, Jaydeep Shanti Nagar, Sector No.1, Mira Road (E), Thane, Maharashtra - 401107

Key Dates Schedule

| Event | Date | Time |

| Annual General Meeting | Tuesday, 22nd September 2026 | 11:30 a.m. |

| Cut-off date for voting | Tuesday, 15th September 2026 | - |

| Book Closure Date | Wednesday, 16th September 2026 to Tuesday, 22nd September 2026 | - |

| Commencement of E-Voting | Friday, 18th September 2026 | 09:00 a.m. (IST) |

| End of E-Voting | Monday, 21st September 2026 | 05:00 p.m. (IST) |

Financial Performance Highlights (Standalone)

Revenue from Operations:

  • FY2025-26: ₹22,751.51 lakhs
  • FY2024-25: ₹22,137.35 lakhs
  • FY2023-24: ₹21,510.91 lakhs
  • FY2022-23: ₹18,097.69 lakhs
  • FY2021-22: ₹8,923.63 lakhs

Profit After Tax:

  • FY2025-26: ₹1,345.93 lakhs
  • FY2024-25: ₹1,577.91 lakhs
  • FY2023-24: ₹1,516.58 lakhs
  • FY2022-23: ₹844.55 lakhs
  • FY2021-22: ₹163.01 lakhs

EBITDA:

  • FY2025-26: ₹3,151.41 lakhs (13.85% of revenue)
  • FY2024-25: ₹3,556.35 lakhs (16.06% of revenue)

Net Worth:

  • FY2025-26: ₹15,632.97 lakhs
  • FY2024-25: ₹14,287.05 lakhs

Business Operations Overview

The company is engaged in designing, engineering, fabrication, and installation of facade systems with products including:

  • Unitised Structural glazing systems
  • Semi Unitised Structural glazing systems
  • Dry Cladding
  • Point Glazing
  • Sky Lights
  • Roofing
  • Windows
  • Curtain Walls
  • Canopy Systems
  • Louvers

Manufacturing Facilities:

  • Main factory: Survey No. 404/B, Kudus - Chinchghar Taluka - Wada, Dist - Palghar, Maharashtra (5,00,000 sq.ft)
  • Assembly & glazing units: Delhi and Bengaluru

Projects Completed: 300+ projects including prestigious projects like Piramal Aranya Residences, Lodha World Towers, Taj Resort, Indore Airport, etc.

Board and Management Changes

Resignations during FY2025-26:

  • Ms. Vedashri Chaudhari as Company Secretary & Compliance Officer (w.e.f. October 16, 2025)
  • Mr. Shivchand Sharma as Non-Executive Director (w.e.f. January 23, 2026)

Appointments during FY2025-26:

  • Mr. Nitin Kore as Company Secretary & Compliance Officer (w.e.f. December 5, 2025)
  • Mrs. Gayatri Sharma as Non-Executive Director (w.e.f. January 27, 2026)

Current Board Composition:

  • Mr. Radheshyam Sharma (Chairman & Managing Director)
  • Mr. Raman Sharma (Whole Time Director)
  • Mrs. Gayatri Sharma (Non-Executive Director)
  • Mr. Subhash Chand Gupta (Independent Director)
  • Mr. Sunil Deshpande (Independent Director)
  • Mrs. Poonam Bhati (Independent Director)

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26

2. Re-appointment of Mr. Raman Sharma (DIN: 01484372) who retires by rotation

Special Business

3. Approval of material Related Party Transactions with Innovators Contracting Works Private Limited (aggregate value not exceeding ₹90 Crores during FY2027-28)

4. Approval of material Related Party Transactions with Innovative Windows Private Limited (aggregate value not exceeding ₹5 Crores during FY2027-28)

5. Approval of material Related Party Transactions with Cleantech Engineering Private Limited (aggregate value not exceeding ₹25 Crores during FY2027-28)

6. Approval of material Related Party Transactions with Parth Facade Solutions Private Limited (aggregate value not exceeding ₹20 Crores during FY2027-28)

7. Appointment of M/s. Y.R. Doshi & Co. as Cost Auditors for FY2026-27 at remuneration of ₹40,000 plus applicable taxes

Related Party Transactions Details

The explanatory statement provides detailed information about the proposed RPTs:

With Innovators Contracting Works Private Limited:

  • Relationship: Associate of wholly owned subsidiary
  • Nature of transactions: Sub-contracting services, purchase & sale of materials, lease rent payments
  • Estimated value: ₹90 Crores (39.56% of company's annual consolidated turnover)
  • Related persons: Mr. Rohit Sharma (CEO) and his spouse Mrs. Koshangi Sharma are directors of ICWPL

With Innovative Windows Private Limited:

  • Nature of transactions: Purchase and sale of materials, lease rent payments
  • Estimated value: ₹5 Crores (2.19% of company's annual consolidated turnover)
  • Related persons: Mr. Rohit Sharma (CEO) and Ms. Vedika Sharma are directors of IWPL

With Cleantech Engineering Private Limited:

  • Nature of transactions: Purchase and sale of materials
  • Estimated value: ₹25 Crores (10.99% of company's annual consolidated turnover)
  • Related persons: Mr. Rohit Sharma is a shareholder and his spouse Mrs. Koshangi Sharma is director & shareholder

With Parth Facade Solutions Private Limited:

  • Nature of transactions: Sub-contracting services
  • Estimated value: ₹20 Crores
  • Related persons: Mrs. Gayatri Sharma (Director) and Mrs. Priti Sharma (CFO) are directors in PFSPL

Dividend and Reserves

  • No dividend recommended for FY2025-26
  • No amount transferred to reserves for the financial year under review

Subsidiary Information

The company has one wholly owned subsidiary:

  • Innovators Engineering Works Private Limited

Subsidiary Financials (FY2025-26):

  • Reserves & Surplus: ₹1,828.58 lakhs
  • Total Assets: ₹1,869.33 lakhs
  • Investments: ₹1,560.41 lakhs
  • Profit/Loss after tax: (₹4.38) lakhs

Corporate Governance

Committees of the Board:

  • Audit Committee (Met 5 times during FY2025-26)
  • Nomination and Remuneration Committee (Met 3 times during FY2025-26)
  • Stakeholders Relationship Committee (Met 3 times during FY2025-26)
  • Corporate Social Responsibility Committee (Met 2 times during FY2025-26)

CSR Expenditure (FY2025-26):

  • Amount required to be spent: ₹34.07 lakhs
  • Amount actually spent: ₹35.55 lakhs
  • Projects supported: Lilavati Foundation (medical facilities) and Links Charitable Trust (education)

Registered Office and Contact Information

Listed on: BSE (SME Platform)

Compliance Status

  • No material changes and commitments affecting financial position between year-end and report date
  • No significant material orders passed by regulators or courts
  • Adequate internal financial controls system in place
  • No instances of fraud reported by statutory auditors

Capital Structure

Authorized Capital: 2,10,00,000 equity shares of ₹10 each (₹21,00,00,000)

Issued, Subscribed & Paid-up Capital: 1,88,67,808 equity shares of ₹10 each (₹18,86,78,080)

Significant Shareholders (as on March 31, 2026)

  • Jolly Multitrade Private Limited: 24.07%
  • Radheshyam Sharma: 18.32%
  • Vijay Kedia: 10.66%
  • Raman Sharma: 8.15%

Foreign Exchange Transactions

Foreign Exchange Outgo: ₹14.18 lakhs (FY2024-25: ₹31.08 lakhs)

Foreign Exchange Earnings: Nil

Contingent Liabilities

Disputed Tax Liabilities:

  • VAT/CST: ₹868.01 lakhs
  • Income Tax: ₹1,408.81 lakhs
  • Goods and Service Tax: ₹1,429.47 lakhs

Total: ₹3,706.29 lakhs

Bank Guarantees

Outstanding bank guarantees amounting to ₹15,968.29 lakhs (PY: ₹7,670.13 lakhs)

Employee Strength

Total permanent employees: 401 as on March 31, 2026