AGM Details

The 60th Annual General Meeting will be held on Tuesday, July 07, 2026 at 11:00 a.m. (IST) through Video Conferencing/Other Audio-Visual Means. The deemed venue is the Registered Office at Village Mogar-388340, Tal. & Dist. Anand, Gujarat.

Financial Performance (FY 2025-26)

  • Revenue from Operations: ₹5,642.61 lakhs (previous year: ₹5,362.50 lakhs)
  • Other Income: ₹200.19 lakhs (previous year: ₹541.88 lakhs)
  • Total Income: ₹5,842.80 lakhs
  • Profit Before Tax: ₹443.22 lakhs (previous year: ₹762.14 lakhs)
  • Tax Expense: ₹113.00 lakhs (Current Tax), ₹(2.24) lakhs (Deferred Tax), ₹3.30 lakhs (Prior period adjustment)
  • Net Profit After Tax: ₹329.16 lakhs (previous year: ₹644.88 lakhs)
  • Other Comprehensive Income: ₹(249.39) lakhs (mainly due to investment reclassification)
  • Total Comprehensive Income: ₹79.77 lakhs
  • Retained Earnings carried forward: ₹2,280.58 lakhs

Dividend Declaration

The Board recommended dividend @ 6% per share on 1,92,735 Non-Convertible Non-Cumulative Redeemable Preference Shares of ₹100 each, involving cash outflow of ₹11,56,410. No dividend recommended on equity shares.

Share Capital

Issued, subscribed and paid-up Share Capital as on March 31, 2026 was ₹3,10,12,180. Total equity shares: 11,73,868 shares of ₹10 each.

Business Operations Overview

The company operates in engineering goods manufacturing with three divisions:

1. Instrument Transformer Division: Turnover ₹2,788.48 lakhs

2. Switch Gear Division: Net Sales ₹1,711.28 lakhs

3. Motors and Pumps Division: Net Sales ₹1,128.16 lakhs

Key Management Personnel

  • Mrs. Tejal R. Amin: Whole-time Director
  • Mr. K. J. Gupta: Chief Executive Officer
  • Mr. Amul Parikh: Chief Financial Officer
  • Mr. Yogiraj Hemant Atre: Company Secretary & Compliance Officer

Board Composition

The Board comprises 5 Directors: 1 Executive Director, 1 Non-Executive Director, and 3 Independent Directors.

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Financial Statements for FY 2025-26

2. Declaration of dividend on Preference Shares

3. Re-appointment of Mr. Rahul N. Amin (DIN: 00167987) who retires by rotation

Special Business

4. Re-Appointment of Mrs. Tejal R. Amin as Wholetime Director (Special Resolution)

  • Proposed remuneration: ₹7,70,500 per month plus perquisites
  • Term: 3 years effective from July 1, 2026
  • Current remuneration: ₹62.85 lakhs per annum
  • Maximum permissible remuneration as per Schedule V: ₹84 lakhs per annum

5. Material Related Party Transaction with Jyoti Limited (Ordinary Resolution)

  • Proposed limit: ₹10.00 crores (excluding tax) for FY 2026-27
  • Transactions include sale of goods/services (₹9.00 cr), purchase of goods/services (₹0.50 cr), and royalty payment (₹0.50 cr)
  • FY 2025-26 transactions with Jyoti Limited: ₹5.64 crores
  • Jyoti Limited is a Promoter Group Company with 4.65% direct and 19.30% indirect shareholding in JSL

Investment Reclassification

The company reclassified its investment in Jyoti Limited (10,74,239 equity shares) from Fair Value Through Profit or Loss (FVTPL) to Fair Value Through Other Comprehensive Income (FVTOCI) effective April 1, 2025. This resulted in decrease in income by ₹346.55 lakhs (gross) during the year. Fair market value as on March 31, 2026: ₹527.67 lakhs.

Related Party Transactions

All related party transactions were conducted at arm's length and in ordinary course of business. Transactions with related parties totaled ₹564.30 lakhs with Jyoti Limited and nil with Insutech Industries Limited.

Corporate Governance

The company has established committees including Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. All committees met regularly during the year.

Employee Strength

Total manpower: 47 employees as on March 31, 2026

Shareholding Pattern (as on March 31, 2026)

  • Promoter and Promoter Group: 40.76%
  • Indian Public: 45.39%
  • Banks, Financial Institutions: 12.55%
  • Bodies Corporate: 1.17%
  • Non-Resident Indians: 0.12%

Dematerialization Status

67.07% of equity shares (7,87,261 shares) are held in dematerialized form.

Important Dates

  • Book Closure: July 1, 2026 to July 7, 2026 (both days inclusive)
  • E-voting period: July 3, 2026 (9:00 a.m.) to July 6, 2026 (5:00 p.m.)
  • Cut-off date for voting: June 29, 2026