AGM Details

The 43rd AGM is scheduled to be held on Wednesday, September 30, 2026, at 11:00 A.M. (IST) at the Registered Office of the Company at 5th Floor, Seksaria Chambers, 139, Nagindas Master Road, Fort, Mumbai – 400001.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. To appoint Mr. Vinay K. Seksaria (DIN: 00116582) who retires by rotation and offers himself for re-appointment

Special Business:

3. To regularize Mrs. Radhika Vinay Seksaria (DIN: 11714280) as Non-Executive and Non-Independent Director

4. To increase Authorised Share Capital from ₹5,00,00,000 to ₹15,00,00,000 and alter Capital Clause of Memorandum of Association

Key Financial Figures (FY 2025-26)

  • Revenue from operations (Net): ₹61,94,110
  • Other Income: ₹4,52,430
  • Total Income: ₹66,46,540
  • Total Expenses (Net): ₹99,04,610
  • Loss before Tax: ₹(32,58,070)
  • Tax Expense: ₹(1,28,610)
  • Loss from continuing operations: ₹(31,29,460)
  • Other Comprehensive Income: ₹3,51,76,250
  • Total Comprehensive Income: ₹3,48,63,303
  • Basic EPS: ₹(2.17)
  • Diluted EPS: ₹(0.69)

Capital Structure Changes

During FY 2025-26, the Company allotted 18,00,000 Compulsory Convertible Preference Shares of ₹10 each aggregating to ₹1,80,00,000 on private placement basis.

Current Capital Structure (as on March 31, 2026):

  • Authorised Share Capital: ₹5,00,00,000 (20,00,000 Equity Shares + 30,00,000 Preference Shares)
  • Issued, Subscribed and Paid-up: ₹4,44,00,000 (14,40,000 Equity Shares + 30,00,000 Preference Shares)

Proposed Capital Structure:

  • Increased Authorised Share Capital to ₹15,00,00,000 (1,20,00,000 Equity Shares + 30,00,000 Preference Shares)

Investments and Assets

  • Non-current investments valued at ₹42,938.97 lakh, primarily comprising investments in associate companies (Seksaria Confectionaries Pvt Ltd and Seksaria Industries Pvt Ltd) measured at fair value through OCI
  • Investments in mutual funds: ₹2,076.55 lakh
  • Inventories (Stock in Trade of Shares): ₹972.13 lakh
  • Cash and cash equivalents: ₹3.53 lakh

Board and Management Changes

  • Mrs. Geeta K. Seksaria resigned as Managing Director w.e.f. May 28, 2026
  • Mr. Vinay K. Seksaria appointed as Managing Director w.e.f. May 29, 2026
  • Mrs. Radhika Vinay Seksaria appointed as Additional Director w.e.f. May 29, 2026
  • Ms. Reena Gavle appointed as Company Secretary & Compliance Officer and CFO w.e.f. February 04, 2026
  • Mr. Kailashchandra Seksaria resigned w.e.f. August 27, 2026
  • Mr. Vivek Seksaria and Mr. Yashasvi Seksaria resigned w.e.f. March 31, 2026

Dividend and Reserves

No dividend recommended for FY 2025-26 due to accumulated losses. No amount transferred to General Reserves.

E-voting Arrangements

Remote e-voting period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM) through Bigshare Services Private Limited. Scrutinizer: Mr. Aabid Mohammad of M/s. Aabid & Co.

Related Party Transactions

Disclosed transactions include loans received from directors totaling ₹184 lakh from Mr. Vinay Seksaria and ₹3.40 lakh from Mr. Yashasvi Seksaria, and remuneration payments to key managerial personnel.

Corporate Governance

Though the company's paid-up equity share capital is below threshold limits, certain corporate governance provisions became applicable from March 31, 2026, with six months compliance timeline.

Auditors' Reports

Both Statutory and Secretarial Audit reports are unmodified without any qualifications, reservations, or adverse remarks.

Other Material Information

  • Register of Members and Share Transfer Books closed from September 23, 2026 to September 30, 2026
  • No material changes affecting financial position between year-end and report date except management changes
  • No pending litigation or material orders impacting going concern status
  • Company has no subsidiaries, joint ventures or associate companies