AGM Details

  • Date and Time: Wednesday, September 30, 2026 at 1:30 PM
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Cut-off date for e-voting: September 25, 2026
  • E-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Record date for notice dispatch: September 4, 2026

Business to be Transacted

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and reports of Board of Directors and Auditors

2. Re-appointment of Mr. Harshal Daxeshkumar Patel (DIN: 08969780) as Director retiring by rotation

3. Appointment of M/s. PKN & Co. (FRN: 137148W) as Statutory Auditors for 5 years from conclusion of AGM until 2031 AGM

Financial Performance Highlights (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 | Growth |

| Revenue from Operations | 7,149.76 | 4,735.28 | 51.0% |

| Profit Before Tax | 659.22 | 381.58 | 72.8% |

| Profit After Tax | 487.48 | 275.37 | 77.0% |

| Basic/Diluted EPS (₹) | 6.25 | 4.50 | 38.9% |

Capital Structure Changes

  • Authorized Share Capital: ₹9.00 crore (90,00,000 equity shares of ₹10 each) unchanged during FY
  • Paid-up Share Capital: Increased from ₹6.52 crore to ₹8.88 crore due to IPO
  • IPO Details: Issued 23,64,800 equity shares of ₹10 each at premium of ₹68 per share (issue price ₹78), aggregating ₹18.45 crore
  • Listing Date: September 17, 2025 on BSE SME Platform

Corporate Developments

  • Store Expansion: Expanded to 18 stores across Gujarat, including new stores in Mansa City and Adani Shantigram Township, Ahmedabad
  • Subsidiaries Formed: City Square Global LLC (USA, 51% holding) and Kilo Kulture Private Limited (100% holding) post-year end
  • Capital Expenditure: ₹1,781.23 lakhs incurred on fixed assets and right-of-use assets
  • Dividend: No dividend recommended for FY26 to conserve resources for growth

Auditor Information

  • Previous Auditor: M/s. Jay M. Shah & Co. resigned effective November 7, 2025 due to non-availability of valid Peer Review Certificate
  • Current Auditor: M/s. PKN & Co. (FRN: 137148W) appointed effective November 10, 2025 to fill casual vacancy
  • Audit Observation: Company had not implemented accounting software with audit trail (edit log) feature as required under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014
  • Secretarial Auditor: M/s. Deepti & Associates appointed effective March 30, 2026
  • Internal Auditor: Mr. Rohan Kamal Narang appointed effective April 23, 2026

Director and Key Managerial Personnel

  • Board Composition: 6 Directors (1 Executive, 3 Non-Executive, 2 Independent including 1 Woman Director)
  • Key Changes:
  • Mr. Tanmay Rajendrakumar Mehta appointed Additional Independent Director effective May 22, 2025
  • Ms. Chetana Naranbhai Vora resigned as Independent Director effective April 16, 2025
  • Key Managerial Personnel:
  • Mr. Jignesh Amratbhai Patel (Managing Director)
  • Mr. Umang Maheshbhai Prajapati (CFO)
  • Ms. Renuka Trikha (Company Secretary and Compliance Officer)

Committee Composition

  • Audit Committee: Mr. Tanmay Rajendrakumar Mehta (Chairperson), Mr. Jignesh Amratbhai Patel, Ms. Poonam Pravinbhai Panchal
  • Stakeholders Relationship Committee: Mr. Tanmay Rajendrakumar Mehta (Chairperson), Mr. Rutwijkumar Maganbhai Patel, Ms. Poonam Pravinbhai Panchal
  • Nomination & Remuneration Committee: Mr. Tanmay Rajendrakumar Mehta (Chairperson), Mr. Rutwijkumar Maganbhai Patel, Ms. Poonam Pravinbhai Panchal

Regulatory and Compliance Matters

  • NCLT Application: Company applied for revision of financial statements for FY21, FY22, and FY23 under Section 129 of Companies Act, 2013, with matter listed for hearing on October 8, 2026
  • Secretarial Audit Observation: Certain forms filed with ROC beyond prescribed due dates with additional fees
  • IPO Compliance: Successfully completed in accordance with SEBI (ICDR) Regulations, 2018

Shareholding Pattern (as of March 31, 2026)

  • Total Shareholders: 84
  • Promoter & Promoter Group: 52.46% (46,58,547 shares)
  • Public Holding: 47.54%
  • Directors' Holding: Mr. Harshal Daxeshkumar Patel holds 4,68,000 equity shares

Other Disclosures

  • Credit Rating: Not obtained during the year
  • Loans from Directors: Unsecured loans accepted from directors as disclosed in financial statements
  • Related Party Transactions: All transactions at arm's length and in ordinary course of business
  • Corporate Social Responsibility: Provisions not applicable, but policy adopted voluntarily
  • Vigil Mechanism: Whistle blower policy implemented
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report