Key Financial Figures (FY 2025-26)

  • Revenue from operations: ₹278.70 lakh (previous year: ₹227.11 lakh)
  • Other income: ₹0.00 lakh (previous year: ₹0.54 lakh)
  • Total revenue: ₹278.70 lakh (previous year: ₹227.65 lakh)
  • Total expenses: ₹199.65 lakh (previous year: ₹117.71 lakh)
  • Profit before exceptional items: ₹79.05 lakh (previous year: ₹109.94 lakh)
  • Exceptional items: ₹0.00 lakh (previous year: ₹0.44 lakh profit)
  • Profit before tax: ₹79.05 lakh (previous year: ₹110.38 lakh)
  • Tax expense: ₹25.00 lakh (current tax: ₹24.83 lakh, adjustment of earlier years: ₹0.16 lakh)
  • Profit after tax: ₹54.05 lakh (previous year: loss of ₹4.48 lakh)
  • Other comprehensive income: ₹4.85 lakh (previous year: ₹19.05 lakh)
  • Total comprehensive income: ₹58.90 lakh (previous year: ₹14.57 lakh)
  • Basic and diluted EPS: ₹0.51 (previous year: -₹0.04)
  • Paid-up equity share capital: ₹1,064.87 lakh (1,06,48,733 equity shares of ₹10 each)

AGM Details

  • Date: September 16, 2026
  • Time: 12:30 PM
  • Venue: Registered office at 1st Floor, Punwani Chambers, 7B Kiran Shankar Roy Road, Kolkata-700001
  • Agenda:
  • Ordinary Business 1: Adoption of audited financial statements for FY 2025-26
  • Ordinary Business 2: Reappointment of Mr. Dilip Kumar Goyal (DIN: 00033590) who retires by rotation

Corporate Structure

Board of Directors (as on 31-03-2026)

  • Akshay Goyal (Managing Director)
  • Dilip Kumar Goyal (Non-Executive Non-Independent Promoter Director)
  • Amit Agarwal (Independent Director)
  • Deepa Kumari Saha (Independent Director)

Key Managerial Personnel

  • Akshay Goyal (Managing Director)
  • Sneha Goyal (Chief Financial Officer, appointed w.e.f. 12-11-2025)
  • Simi Sen (Company Secretary and Compliance Officer)

Statutory Auditors

M/s. S K Naredi & Co LLP, Chartered Accountants (FRN: 003333C/C400397), appointed for 5 years from conclusion of 29th AGM (2022) till conclusion of 34th AGM (2027)

Bankers

IDBI Bank Limited, Kotak Mahindra Bank Limited

Registrar and Transfer Agent

Niche Technologies Private Limited, Kolkata

Capital Structure Changes

No change in share capital during the year. Paid-up equity share capital remains at ₹1,064.87 lakh divided into 1,06,48,733 equity shares of ₹10 each.

Dividend Information

No dividend recommended for FY 2025-26.

Corporate Actions

  • Transfer of ₹10.81 lakh to Special Reserve Account as required under Section 45IC of RBI Act, 1934
  • Unclaimed dividends: ₹33,590.50 for 2018-19 (due for transfer to IEPF by 31-03-2026), ₹34,067.90 for 2019-20 (due 31-03-2027), ₹80,361.20 for 2020-21 (due 31-03-2028)

Loans and Investments

  • Loans outstanding (net): ₹2,178.45 lakh (previous year: ₹2,282.82 lakh)
  • Investments: ₹93.70 lakh (primarily in unquoted equity shares of P K Transformer Private Limited and Pramila Steel Private Limited)
  • The company, being an NBFC, is exempt from provisions of Section 186 of Companies Act, 2013 regarding loans, guarantees and investments

Related Party Transactions

All related party transactions were in ordinary course of business and at arm's length basis. Details provided in financial statements.

Regulatory Compliance Matters

  • BSE imposed SOP fines of ₹11,94,160 under Regulations 17(1), 18(1), 19(1), 19(2), 20(2)(2A) of SEBI LODR Regulations, 2015
  • Company paid ₹1,48,680 after partial waiver application
  • Delayed filing of e-form IEPF-2 for year ended 31-03-2025
  • No other material non-compliance reported

Legal Matters

  • Application filed against Indico Motors Private Limited under Section 7 of Insolvency and Bankruptcy Code, 2016 (C.P. (IB)/275/KB/2025) was admitted on 28 January 2026
  • Parties amicably settled disputes and proceedings were withdrawn and disposed of as withdrawn on 15 July 2026 by NCLT Kolkata Bench
  • No other significant material orders passed by regulators or courts

Board and Committee Meetings

  • 8 Board meetings held during FY 2025-26
  • Audit Committee: 5 meetings
  • Nomination & Remuneration Committee: 5 meetings
  • Stakeholders' Relationship Committee: 5 meetings

Shareholding Pattern (as on 31-03-2026)

  • Promoters and promoter group: 59.897% (63,78,303 shares)
  • Non-promoter holdings: 40.103% (42,70,430 shares)
  • 100% shares in dematerialized form (NSDL: 24.38%, CDSL: 75.62%)
  • 937 shareholders total

Internal Financial Controls

Company has adequate internal financial controls systems commensurate with its business size and complexity. M/s. Harnathka & Associates appointed as Internal Auditor.

Risk Factors Identified

Internal Risks:

  • Concentrated business risk due to lending primarily to group companies
  • Dependence on key personnel including senior management

External Risks:

  • Political, economic factors beyond company's control
  • Performance dependency on group companies
  • Changing laws, rules and regulations in India

Employee Information

7 permanent employees on rolls as on March 31, 2026

Auditors' Report

Statutory auditors issued unqualified opinion. Emphasis of matter regarding valuation of investments in unquoted equity shares where management's valuation was relied upon.

Secretarial Audit

Conducted by Shikha Naredi, Practicing Company Secretary. Report contains no qualification, reservation or adverse remark except for delayed filing of e-form IEPF-2.

Other Disclosures

  • No foreign exchange earnings or outgo
  • No CSR activities undertaken as not required
  • No material changes in nature of business
  • No changes in accounting policies
  • Whistle blower policy/Vigil mechanism in place
  • Code of Conduct for Prohibition of Insider Trading implemented

Important Dates

  • Record date for AGM: September 9, 2026
  • Remote e-voting period: September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)
  • Register of members and share transfer books closed: September 10-16, 2026 (both days inclusive)

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