AGM Details

  • Meeting Date: Wednesday, September 30, 2026 at 11:00 a.m. IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off Date: Wednesday, September 23, 2026 for determining voting rights
  • E-voting Period: Sunday, September 27, 2026 (9:00 a.m.) to Tuesday, September 29, 2026 (5:00 p.m.)
  • E-voting Service Provider: Purva Sharegistry (India) Pvt. Ltd

Business to be Transacted

Ordinary Business

1. To receive, consider, approve and adopt the Audited Statement of Accounts i.e. The Audited Balance Sheet as at March 31, 2026, the Profit & Loss Account for the year ended on that date, and the reports of Auditors and Directors thereon.

Special Business

2. To regularize appointment of Ms. Pooja Khakhi (DIN: 07522176) as Independent Non-Executive Director of the Company.

Financial Performance (FY 2025-26)

Income Statement Highlights (Amount in ₹ Lakhs)

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

| Net Income from Business Operations | Nil | Nil |

| Other Income | 3.06 | 0.51 |

| Total Income | 3.06 | 0.51 |

| Profit/(Loss) before depreciation & tax | (27.59) | (5.03) |

| Depreciation | 10.54 | 1.08 |

| Profit before Tax | (38.12) | (6.11) |

| Tax Expenses | 0 | 0 |

| Net Profit after Tax | (47.93) | (5.60) |

Key Financial Position Details

  • Paid-up Equity Share Capital: ₹15,75,00,000/- (15.75 million shares of ₹10 each)
  • Net Worth: ₹1,542.83 lakhs (Previous year: ₹1,590.76 lakhs)
  • Current Ratio: 0.73 (Previous year: 0.35)
  • Debt-Equity Ratio: 0.01 (Previous year: 0.02)
  • Cash and Cash Equivalents: ₹1.91 lakhs (Previous year: ₹3.18 lakhs)

Director Appointment Details

Ms. Pooja Hemang Khakhi (DIN: 07522176)

  • Date of Initial Appointment: July 30, 2026
  • Proposed Term: Up to 5 years from July 30, 2026
  • Qualifications: Company Secretary
  • Other Directorships: One Global Service Provider Limited, Praveg Limited, Epuja Spiritech Limited, Shankar Packagings Limited
  • Committee Memberships: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
  • Meetings Attended: 1 during the year
  • Shareholding: None
  • Remuneration: Not paid any remuneration

Corporate Governance

Board Composition

| Director Name | Designation | DIN |

| Shri Keyoor Bakshi | Executive Director & CEO | 00133588 |

| Shri Harshit Kachchhi | Non-Executive Director | 08019394 |

| Shri Bhavin Mehta | Independent Director | 00023850 |

| Ms. Pooja Khakhi | Independent Woman Director | 07522176 |

Board Meetings Conducted

4 meetings during FY 2025-26: May 29, 2025; August 12, 2025; November 7, 2025; February 6, 2026

Key Managerial Personnel

  • Company Secretary: Shagun Rathi (Mem. No. ACS 66459)
  • Chief Financial Officer: Shagun Rathi

Auditors

  • Statutory Auditors: M/s. N.S. Nanavati & Co., Chartered Accountants (Firm Registration No. 134235W)
  • Secretarial Auditor: M/s. Malay Desai & Associates, Practicing Company Secretaries

Auditor Remuneration (₹ Lakhs)

| FY 2025-26 | FY 2024-25 |

| 0.45 | 0.70 |

Auditor Observations

  • Statutory Auditor: No qualifications, reservations or adverse remarks
  • Secretarial Auditor: No significant qualifications except minor observations

Shareholding Pattern (as on March 31, 2026)

| Category | No. of Shares | Percentage |

| Promoter (Ardent Ventures LLP) | 1,49,62,500 | 95.00% |

| Public | 7,87,500 | 5.00% |

| Total | 1,57,50,000 | 100.00% |

Related Party Transactions

  • Loan granted to Ardent Ventures LLP (Related Party): ₹17.29 lakhs outstanding (interest-free, unsecured, repayable on demand)
  • No other material related party transactions

Resolution Plan Implementation

The Company implemented a Resolution Plan approved by the Hon'ble NCLT, Ahmedabad Bench vide order dated October 23, 2024 under the Insolvency and Bankruptcy Code, 2016. Key impacts:

  • Debt restructuring and conversion into equity
  • Settlement/waiver of statutory dues
  • Revaluation of Property, Plant and Equipment
  • Capital reduction and restructuring

Other Material Information

  • Dividend: Not recommended due to inadequate profits
  • CSR: Not applicable to the company considering net worth, turnover and net profit
  • Employee Strength: Nil permanent employees as on March 31, 2026
  • Bankers: IndusInd Bank Ltd.
  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd
  • Listing: Bombay Stock Exchange Limited, Mumbai

Voting Instructions

Detailed instructions provided for:

  • Remote e-voting through depositories (CDSL/NSDL)
  • Physical shareholders voting process
  • Joining AGM through VC/OAVM
  • Technical support contacts for voting issues

Important Dates

  • AGM Date: September 30, 2026
  • E-voting Period: September 27-29, 2026
  • Cut-off Date: September 23, 2026
  • Book Closure: Not specified