Authorized Share Capital: Increased from ₹10,00,00,000 to ₹90,00,00,000 during the year
Net Worth: (₹438.36) lakhs (Previous year: (₹327.80) lakhs)
Key Dates and AGM Details
AGM Date: Tuesday, September 29, 2026 at 03:00 PM IST
AGM Mode: Video Conferencing/Other Audio-Visual Means
Cut-off/Record Date: Tuesday, September 22, 2026
Remote e-Voting Period: September 26, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
Scrutinizer: Mr. Mihen Halan of M/s. Mihen Halani & Associates, Practicing Company Secretaries
Statutory Auditor Changes
M/s. Om Prakash S. Chaplot & Co., Chartered Accountants (FRN: 000127C) resigned as Statutory Auditors effective August 14, 2026.
Board appointed M/s. A.K. Mantri & Associates, Chartered Accountants (FRN: 003697C) as new Statutory Auditors from August 14, 2026 until conclusion of 45th AGM.
Seeking shareholder approval for appointment of M/s. A.K. Mantri & Associates for a term of 5 years until conclusion of 50th AGM.
Remuneration to be determined by Audit Committee in consultation with auditors and approved by Board.
Board and Management Changes
Director Resignations:
Mr. Jagdish Sajan Kandoria (Independent Director) - resigned April 24, 2025
Mr. Jaydeep Ghanshyambhai Sangani (Independent Director) - resigned May 2, 2025
New Appointments:
Mr. Shubham Awasthi (Independent Director) - appointed July 23, 2025
Mr. Milap Hasmukhbhai Shah (Independent Director) - appointed August 1, 2025
Mr. Dipen Vijaykumar Shah (Company Secretary & Compliance Officer) - appointed April 24, 2025
Directors Retiring by Rotation: Mr. Prakashbhai Haribhai Kanani and Mrs. Indiraben Vasudevbhai Sadariya seeking reappointment
Corporate Actions and Changes
Registered Office Shift: Shifted from Shop No. 16, S 2nd Floor, Sej Plaza, Malad West, Mumbai to Office No. 042, Kalpataru Avenue Premises Co-Op Soc Ltd, Kandivali East, Mumbai effective February 13, 2026
Object Clause Alteration: Main object of the company altered pursuant to special resolution passed at EGM on May 23, 2025
Preferential Issue: Proposed issue of 7,38,37,500 equity shares at ₹28 per share (including ₹18 premium) to shareholders of Rajhans Procon Private Limited via share swap did not materialize due to non-receipt of stock exchange approval
Capital Structure
Authorized Capital: ₹90,00,00,000 divided into 9,00,00,000 equity shares of ₹10 each
Paid-up Capital: ₹5,21,17,500 divided into 53,00,900 equity shares of ₹10 each
No change in paid-up capital during the year
Calls in Arrears: ₹8.92 lakhs
Operational Highlights
Business: Engaged in minerals industry through extraction and processing of various types of silica sand, china clay, and mineral raw materials
Inventory: Stock in trade valued at ₹23.08 lakhs (same as previous year)
