Key Dates and Events

  • Board Meeting Date: September 08, 2026 (commenced at 06:15 PM, concluded at 07:00 PM)
  • AGM Date: Wednesday, September 30, 2026 at 04:30 PM through Video Conferencing/Other Audio-Visual Means
  • Cut-off Date for Voting: Wednesday, September 23, 2026
  • Remote e-Voting Period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Record Date for Notice Dispatch: Friday, September 04, 2026

Financial Performance (FY 2025-26)

| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |

| Other Income | 1.28 | 9.65 |

| Total Revenue | 1.28 | 9.65 |

| Total Expenses | 33.09 | 24.02 |

| EBITDA | (31.81) | (14.37) |

| Finance Cost | 0.00 | 0.00 |

| Depreciation | 0.00 | 0.00 |

| Profit Before Tax | (31.81) | (14.37) |

| Current Tax | 0.00 | 0.00 |

| Deferred Tax Expense/(Income) | (0.26) | 0.72 |

| Profit After Tax | (32.06) | (13.65) |

Capital Structure

  • Authorized Share Capital: 1,80,00,000 equity shares of ₹10 each (₹1,800 lakhs)
  • Issued, Subscribed & Paid-up: 1,56,00,000 equity shares of ₹10 each (₹1,560 lakhs)
  • Shareholding Pattern: Promoters 19.86% (30,98,870 shares), Public 80.14% (1,25,01,130 shares)
  • Dematerialization Status: 98.99% of shares (1,54,43,488 shares) in demat form as of March 31, 2026

AGM Agenda Items

Ordinary Business

1. Adoption of Annual Audited Standalone Financial Statements for FY ended March 31, 2026 together with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Avanishkumar Manojkumar Patel (DIN: 02724940) as Managing Director who retires by rotation

Special Business

3. Shifting of Registered Office from State of Rajasthan to State of Gujarat (requires Special Resolution)

Key Management Personnel and Directors

Board of Directors as on March 31, 2026:

  • Shiv Kumar Singhal (Chairman and Whole-time director, DIN: 00075934) - Resigned w.e.f. 23/07/2026
  • Avanishkumar Manojkumar Patel (Managing Director, DIN: 02724940)
  • Sonu Gupta (Non-Executive Independent Director, DIN: 07333591)
  • Shakti Singh Shekhawat (Non-Executive Independent Director, DIN: 05167933)
  • Ila Sunil Trivedi (Non-Executive Independent Director, DIN: 10297697)

Key Managerial Personnel:

  • Manish Kumar Jain (CFO)
  • Shweta Amit Tolwani (Company Secretary - Resigned w.e.f. 30/01/2026)
  • Rukaiya Mufazzal Shakir (Company Secretary - Appointed w.e.f. 01/04/2026)

Corporate Actions and Decisions

  • No dividend declared for FY 2025-26
  • No transfer to reserves during the year
  • Company is in process of revenue generation due to takeover via Open Offer
  • Proposal to shift registered office from Rajasthan to Gujarat for administrative convenience and operational efficiency

Regulatory Compliance Issues

Secretarial Audit Report highlighted two qualifications:

1. Non-implementation of System Driven Disclosures (SDD) mechanism under SEBI PIT Regulations

2. Non-publication of financial results in newspapers within stipulated timelines under Regulation 47 of SEBI LODR

Voting Arrangements

  • Scrutinizer: Mr. Utkarsh Shah, Practicing Company Secretary
  • e-Voting Agency: Central Depository Services (India) Limited (CDSL)
  • Voting Rights: Proportional to shareholding as on cut-off date (September 23, 2026)
  • Quorum: Attendance through VC/OAVM will be counted for quorum under Section 103 of Companies Act, 2013

Other Significant Disclosures

  • The company had 3 permanent employees as on March 31, 2026
  • No material changes affecting financial position between year-end and date of report except open offer made during the year
  • No significant material orders passed by regulators/courts/tribunals
  • No fraud reported by auditors during the year
  • No related party transactions under Section 188 of Companies Act, 2013
  • No deposits accepted during the year
  • No mergers/acquisitions during the year

Financial Position (as at March 31, 2026)

Assets: ₹24.00 lakhs (Previous year: ₹22.95 lakhs)

  • Non-current Assets: ₹21.10 lakhs (Deferred Tax Assets: ₹0.46 lakhs, Investments: ₹0.39 lakhs, Loans: ₹20.25 lakhs)
  • Current Assets: ₹2.90 lakhs (Cash & Cash Equivalents: ₹1.16 lakhs, Trade Receivables: ₹0.10 lakhs, Other Assets: ₹1.64 lakhs)

Liabilities & Equity: ₹24.00 lakhs

  • Equity: Negative ₹37.83 lakhs (Share Capital: ₹1,560 lakhs, Other Equity: Negative ₹1,597.83 lakhs)
  • Current Liabilities: ₹61.84 lakhs (Trade Payables: ₹60.96 lakhs, Other Current Liabilities: ₹0.88 lakhs)

Important Notes

  • The company's securities are listed only on BSE Limited (Scrip Code: 532825)
  • Registrar and Share Transfer Agent: MUFG Intime India Pvt. Ltd.
  • The company has negative net worth of ₹37.83 lakhs as on March 31, 2026
  • ₹0.32 lakhs required to be transferred to Investor Education and Protection Fund but not yet transferred