Key Financial Performance (FY 2025-26 vs FY 2024-25)

Revenue Performance

  • Revenue from operations: ₹3,144.29 lakh (FY 2025-26) vs ₹281.28 lakh (FY 2024-25)
  • Year-on-year growth: 1,017.85%
  • Other income: ₹5.60 lakh vs ₹37.61 lakh

Profitability

  • Profit before depreciation, amortization, exceptional items and tax: ₹83.17 lakh vs (₹273.63) lakh loss
  • Net Profit After Tax: ₹61.55 lakh vs (₹273.63) lakh loss
  • Tax expense: ₹21.62 lakh vs nil

Financial Position (as at March 31, 2026)

  • Total Assets: ₹10,957.34 lakh
  • Equity Share Capital: ₹1,025.00 lakh (1,02,50,000 equity shares of ₹10 each)
  • Other Equity: ₹1,256.81 lakh
  • Short-term borrowings: ₹7,521.87 lakh
  • Trade payables: ₹1,115.56 lakh
  • Current Ratio: 1.16 (vs 6.29 previous year)
  • Debt-Equity Ratio: 3.8 (vs 0.1 previous year)

Significant Corporate Developments

Trading Resumption

  • Equity shares revocation from suspension: June 23, 2025
  • Trading resumption on Stock Exchange: Effective July 1, 2025

Auditor Changes

  • M/s SGR & Associates LLP resigned as Statutory Auditors effective August 28, 2026
  • Resignation reason: Pre-occupation with other professional assignments
  • Board recommended appointment of M/s ACA & Associates (FRN: 028414N) as new Statutory Auditors
  • Proposed auditor fees: ₹75,000 plus applicable taxes and expenses
  • Appointment term: 5 consecutive years from conclusion of 41st AGM till 46th AGM

Board Composition Changes

  • Appointment of Ms. Shruti Sethi (DIN: 11347689) as Independent Director for 5 years (August 10, 2026 to August 9, 2031)
  • Ms. Shruti Sethi is a qualified Company Secretary with over 4 years of professional experience
  • Resignation of Mr. Love Kumar and Mr. Shivam Kumar as Independent Directors effective August 26, 2025
  • Current Board: Mr. Ishant Malhotra (Managing Director), Ms. Shivani, Ms. Geetika Chawla, Mr. Hemant Kumar (Independent Directors)

Key Managerial Personnel

  • Chief Financial Officer: Mr. Jayesh Seth
  • Company Secretary & Compliance Officer: Ms. Himani Sharma (appointed July 21, 2025)
  • Previous Company Secretary Ms. Priyanka resigned effective May 24, 2025

41st Annual General Meeting Details

Date and Time

  • September 28, 2026 at 10:00 AM

Venue

Agenda Items

Ordinary Business

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

2. Appointment of M/s ACA & Associates as Statutory Auditors for 5 years

Special Business

3. Appointment of M/s ACA & Associates to fill casual vacancy caused by resignation of previous auditors

4. Appointment of Ms. Shruti Sethi as Independent Director

5. Adoption of new Memorandum of Association aligned with Companies Act, 2013

6. Adoption of new Articles of Association aligned with Companies Act, 2013

Record Date

  • Register of members and share transfer books closed: September 22, 2026 to September 28, 2026

E-voting Details

  • Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • E-voting service provider: National Securities Depository Limited (NSDL)

Business Operations Overview

Core Business

  • Garment and textile trading company
  • Operations include sourcing, manufacturing coordination, exporting and distributing clothing and textiles
  • Focus on fabrics, ready-made garments and fashion accessories

Strategic Focus Areas

  • Quality maintenance and reliability across products
  • Sustainability and responsible practices
  • Global distribution and export to international markets
  • Technology-driven process optimization

Operational Highlights

  • Significant business revival post-trading suspension period
  • Focused customer re-engagement campaigns
  • Internal system upgrades and workforce upskilling
  • Enhanced compliance frameworks and internal controls

Corporate Governance

Board Committees

  • Audit Committee: Mr. Hemant Kumar (Chairperson), Ms. Geetika Chawla, Ms. Shivani
  • Nomination and Remuneration Committee: Mr. Hemant Kumar (Chairperson), Ms. Geetika Chawla, Ms. Shivani
  • Stakeholders Relationship Committee: Mr. Hemant Kumar (Chairperson), Ms. Geetika Chawla, Ms. Shivani

Board Meetings

  • 8 Board meetings held during FY 2025-26
  • Dates: May 8, 2025; May 14, 2025; July 4, 2025; July 21, 2025; August 12, 2025; August 26, 2025; November 14, 2025; February 12, 2026

Compliance Status

  • No material orders passed by regulators/courts impacting going concern status
  • No instances of fraud reported by auditors
  • No qualifications in audit reports
  • Compliance with all applicable SEBI regulations and Companies Act requirements

Capital Structure

Share Capital

  • Authorized Share Capital: ₹20,00,00,000 (2,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹10,25,00,000 (1,02,50,000 equity shares of ₹10 each)

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 20.53% (21,04,000 shares)
  • Public: 79.47% (81,46,000 shares)

Other Significant Information

Dividend

  • No dividend declared for FY 2025-26
  • Company not falling under top 1000 listed entities, hence Dividend Distribution Policy not formulated

Registrars and Transfer Agents

  • Skyline Financial Services Private Limited
  • Address: D-153/A, 1st Floor, Okhla Industrial Area, Phase-1, New Delhi-110020

Bankers

  • ICICI Bank