Key Financial Figures (in ₹ thousands)

  • Revenue from Operations: 48,920 (Previous year: 52,631)
  • Profit Before Tax: 9,552 (Previous year: 9,494)
  • Profit After Tax: 7,944 (Previous year: 7,944)
  • Paid-up Equity Capital: 50,840 (unchanged from previous year)
  • Reserves and Surplus: 54,622 (Previous year: 46,678)
  • Total Assets: 171,215 (Previous year: 168,167)

Dates of Action

  • AGM Date: Saturday, 19th September, 2026 at 3:00 PM
  • Record Date for AGM: 12th September, 2026
  • Book Closure Period: 13th September to 19th September, 2026 (both days inclusive)
  • E-voting Period: 16th September, 2026 (9:00 AM) to 18th September, 2026 (5:00 PM)
  • Financial Year Ended: 31st March, 2026
  • Board Approval Date: 28th May, 2026

Parties Involved

  • Statutory Auditor: M/s R C Jhawer & Company, Chartered Accountants
  • Secretarial Auditor: Ms. Deepika Jain
  • Internal Auditor: M/s Kshitiz & Co.
  • RTA: Bigshare Services Private Limited
  • Scrutinizer for E-voting: CS Babu Lal Patni
  • Principal Banker: SBI, Garbeta, Midnapore (W)

Board of Directors

  • Mr. Pradip Lodha (Managing Director)
  • Mrs. Asha Ladia (Non-executive Director)
  • Mrs. Shalini Kumari Agarwal (Independent Director)
  • Mrs. Mandeep Kaur Jaiswal (Independent Director)

Key Management Personnel

  • Mr. Aman Lodha (Chief Financial Officer)
  • Ms. Laxmi Agarwal (Company Secretary & Compliance Officer)

Capital Structure

  • Authorized Capital: 80,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: 50,84,000 equity shares of ₹10 each
  • No shares issued during the year under review
  • No bonus shares, stock options, or sweat equity granted during the year

Dividend and Reserves

  • No dividend recommended for the year ended 31st March, 2026
  • No amount transferred to reserves

Operational Highlights

  • Main Business: Cold storage facility for potatoes on rental basis
  • Storage Capacity: 25,500 MT (18,000 MT + 7,500 MT expansion)
  • Location: Village Chekuasole, Paschim Medinipur, West Bengal
  • Employee Strength: 15 permanent employees
  • Average salary increase for employees: 11.21%

Loans and Advances

  • Short-term loans to farmers: ₹44.091 million (against security of potato bonds/receipts)
  • Working capital loan from bank: ₹50.033 million (secured against stocks, book debts, and current assets)
  • Car loans: ₹0.907 million (from Punjab National Bank)

Related Party Transactions

  • Advances to Vasundhara Merchant Ltd: ₹4.9 million (Previous year: ₹1.9 million)
  • Advances to Bindu Food Processors Pvt Ltd: ₹2.5 million (Previous year: nil)
  • Remuneration to Managing Director: ₹960,000
  • Sitting fees to directors: ₹30,000 to Mrs. Asha Ladia, ₹25,000 to Mrs. Mandeep Kaur Jaiswal, ₹20,000 to Mrs. Shalini Kumari Agarwal

Corporate Governance

  • Board Meetings: 6 meetings held during the year
  • Audit Committee: 5 meetings held
  • Stakeholders Relationship Committee: 4 meetings held
  • Nomination and Remuneration Committee: 1 meeting held
  • No shareholder complaints received during the year
  • Whistle Blower Policy and Risk Management Policy in place

Auditor Reports

  • Statutory Auditor: R C Jhawer & Company issued unqualified audit report
  • Secretarial Auditor: Ms. Deepika Jain issued unqualified secretarial audit report
  • No qualifications, reservations, or adverse remarks in any audit reports

Other Disclosures

  • Listing: Shares listed on BSE SME Platform (Scrip Code: 537784)
  • Listing fees for 2025-26 paid
  • Dematerialization status: 86.84% shares in demat form (CDSL: 45.91%, NSDL: 40.93%)
  • No material orders passed by regulators/courts impacting going concern status
  • No CSR initiatives undertaken as provisions not applicable
  • No foreign exchange earnings or outgo during the year

Shareholding Pattern (as on 31st March, 2026)

  • Promoter & Promoter Group: 21.09% (5 shareholders)
  • Bodies Corporate: 23.09% (9 shareholders)
  • Indian Public: 55.23% (238 shareholders)
  • NRIs: 0.59% (2 shareholders)

Key Ratios

  • Current Ratio: 1.288 (Previous year: 1.059)
  • Debt Equity Ratio: 0.541 (Previous year: 0.650)
  • Return on Equity: 7.9% (Previous year: 8.6%)
  • Net Profit Ratio: 17.8% (Previous year: 18.0%)

AGM Business

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mrs. Asha Ladia (DIN: 03504170) who retires by rotation

E-voting Process

  • Remote e-voting facility provided through Bigshare Services Pvt. Ltd.
  • E-voting period: 16th to 18th September, 2026
  • Scrutinizer appointed: CS Babu Lal Patni