AGM Details

  • Date: Tuesday, 15th September, 2026
  • Time: 11:00 A.M. (IST)
  • Venue: Bungalow No 36/B, C.T.S. No 994 & 945 (S.No.117 & 118) Madhavbaug, Shivtirth Nagar, Kothrud, Pune, Maharashtra, India, 411038
  • Cut-off Date: Friday, 11th September, 2026 for e-voting eligibility
  • Book Closure: Wednesday, 9th September, 2026 to Tuesday, 15th September, 2026 (both days inclusive)

E-Voting Arrangements

The company has availed e-voting facility from Bigshare Services Private Limited. Remote e-voting period begins on Saturday, 12th September, 2026 at 9:00 A.M. and ends on Monday, 14th September, 2026 at 5:00 P.M.

Business to be Transacted

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended 31st March, 2026

2. Adoption of Audited Consolidated Financial Statements for FY ended 31st March, 2026

3. Re-appointment of Mrs. Rajashri Pradeep Khandagale (DIN: 02545231) who retires by rotation

Special Business:

4. Approval for borrowing powers up to ₹50 crores under Section 180(1)(c) of Companies Act, 2013

5. Approval for loans/guarantees/investments up to ₹50 crores under Section 186 of Companies Act, 2013

6. Approval for transactions with related parties under Section 185 of Companies Act, 2013 up to ₹50 crores

Financial Highlights (Standalone)

| Particulars | 31st March, 2026 (₹ Lakhs) | 31st March, 2025 (₹ Lakhs) |

| Total Income | 0.00 | 2.66 |

| Total Expenditure | 47.25 | 106.71 |

| Profit/(Loss) before exceptional items & Tax | (47.25) | (104.05) |

| Exceptional Items | 1,521.40 | 0.00 |

| Profit before tax | 1,474.15 | (104.05) |

| Net Profit/(Loss) After Tax | 1,474.15 | (104.05) |

Exceptional Items Details

The exceptional gain of ₹1,521.40 lakhs primarily comprises:

  • Derecognition of liabilities: ₹3,736.20 lakhs
  • Provisions written back: ₹1,170.74 lakhs
  • Deferred tax liability written back: ₹26.24 lakhs
  • Offset by impairment of assets: ₹754.78 lakhs
  • Loss on sale of assets: ₹104.97 lakhs
  • Write-off of receivables and other assets: ₹1,345.01 lakhs

Corporate Insolvency Resolution Process (CIRP) Impact

The company was under CIRP initiated on 24th April 2023. The resolution plan submitted by RPK Green Energy LLP (Mr. Pradeep Khandagale) was approved by NCLT, Ahmedabad Bench on 11th December 2024. The new management assumed control in April 2025.

Share Capital Changes

Pursuant to NCLT-approved resolution plan:

  • Existing paid-up equity share capital of 3,00,73,262 shares of ₹10 each (₹30.07 crores) was cancelled and reduced
  • Fresh issue of 1,06,314 equity shares of ₹100 each (₹1.06 crores) allotted on 6th November 2025
  • 95% shares (1,01,000) allotted to resolution applicant, 5% (5,314) to existing public shareholders

Board Composition Changes

Appointments during FY 2025-26:

  • Mr. Pradeep Khandagale (Whole-Time Director) - 26th December, 2024
  • Mrs. Rajashri Khandagale (Non-Executive Director) - 26th December, 2024
  • Mr. Nilesh Tiwari (Independent Director) - 17th April, 2025
  • Mr. Mehul Ranade (Independent Director) - 12th May, 2025
  • Mrs. Renuka Borole (Independent Director) - 12th May, 2025
  • Mr. Swapnil Mhaske (CFO) - 31st March, 2026
  • Ms. Mayura Tagare (Company Secretary) - 31st March, 2026

Resignations during FY 2025-26:

All previous directors deemed resigned effective 12th May, 2025

Key Financial Ratios

| Ratio | 2025-26 | 2024-25 | Variation |

| Current Ratio | 1.35 | 0.35 | 286% |

| Debt to Equity Ratio | (1.44) | (1.44) | 0% |

| Return on Capital Employed | 11.86 | NA | 0% |

| Return on Equity | (5.27) | 0.06 | (8,883%) |

Asset Impairment

Board approved impairment of following assets on 29th May, 2026:

  • Investment in subsidiary companies: ₹283.40 lakhs
  • Land and Building: ₹331.27 lakhs
  • Capital Work in Progress: ₹140.11 lakhs

Liquidity Position

  • Cash and cash equivalents: ₹10.08 lakhs (31st March, 2026)
  • Unsecured loans from directors: ₹403.99 lakhs outstanding
  • Company incurred cash losses of ₹47.25 lakhs during FY 2025-26

Operational Status

The company remained non-operational during FY 2025-26 as new management was implementing the resolution plan. Management proposes to evaluate recommencement of operations during FY 2026-27.

Dividend

No dividend recommended for the year ended 31st March, 2026.

Regulatory Compliances

Several compliance observations noted in Secretarial Audit Report including delays in filings, non-appointment of internal auditor, disabled audit trail feature in accounting software, and website update delays.

Auditor Qualifications

Statutory auditors emphasized matters regarding:

1. Implementation of resolution plan and its accounting effects

2. Cash losses incurred during the year

3. Non-appointment of internal auditor

4. Audit trail feature not enabled in accounting software

Voting Instructions

Detailed instructions provided for remote e-voting through NSDL and CDSL platforms for demat shareholders, and through Bigshare's i-Vote platform for physical shareholders.

Important Dates

  • AGM Date: 15th September, 2026
  • E-voting Period: 12th September (9:00 AM) to 14th September, 2026 (5:00 PM)
  • Book Closure: 9th to 15th September, 2026

#Tags: #JiyaEcoProducts #AGM2026 #NCLTResolution #CorporateRestructuring #SEBIDisclosure #RegulatoryCompliance #FinancialResults