AGM Details

  • 26th Annual General Meeting: Tuesday, 29th September 2026 at 4:30 pm IST through Video Conference and Other Audio Means
  • E-Voting Period: Friday, 25th September 2026 (09:00 a.m.) to Monday, 28th September 2026 (05:00 p.m.) IST
  • Cut-off Date: Tuesday, 22nd September 2026
  • Book Closure: Wednesday, 23rd September 2026 to Tuesday, 29th September 2026 (both days inclusive)
  • Deemed Venue: Registered Office of the Company (9-1-83 & 84 Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, 500003)

Financial Performance Highlights FY 2025-26

  • Revenue from Operations: ₹213.26 lakh
  • Profit/Loss before Depreciation, Finance Costs, Exceptional items and Tax Expense: ₹59.20 lakh (compared to ₹(1.03) lakh in FY25)
  • Depreciation/Amortisation/Impairment: ₹74.98 lakh
  • Finance Costs: ₹1.86 lakh
  • Profit/Loss before Tax: ₹(17.64) lakh (compared to ₹(1.03) lakh in FY25)
  • Tax Expense: ₹Nil (compared to ₹4.26 lakh in FY25)
  • Net Profit/(Loss) for the year: ₹(17.64) lakh (compared to ₹(5.29) lakh in FY25)
  • Earnings per Equity Share (Basic and Diluted): ₹(0.03) (compared to ₹(0.07) in FY25)
  • Total Paid-up Capital: ₹704.34 lakh (70,434,472 equity shares of ₹10 each)

Corporate Restructuring and NCLT Resolution Plan

Pursuant to the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench Order dated 12.06.2025:

  • Management Change: New Board of directors constituted to administer the affairs of the Company
  • Object Clause Alteration: MOA altered to engage in electric vehicles business
  • Registered Office Shift: From Yapral, Hyderabad to Secunderabad, Hyderabad
  • Capital Reduction: 100% reduction of paid-up equity share capital held by erstwhile promoters (15,24,675 shares) and 95% reduction of public shareholders' holding (57,33,435 shares reduced to 2,86,672 shares)
  • Name Change: From "Taaza International Limited" to "Keto Motors Limited"
  • Authorized Capital Increase: From ₹10 crore to ₹25 crore (approved on 25th September 2025)
  • Amalgamation: Keto Motors Private Limited amalgamated with the Company, increasing authorized capital to ₹75 crore
  • Preferential Allotments:
  • 91,00,000 equity shares at ₹10 per share allotted to resolution applicants (promoter category) for ₹9.10 crore
  • 50,00,000 equity shares at ₹50 per share (including premium of ₹40) allotted to 60 allottees (non-promoter category) for ₹25 crore
  • 5,60,47,800 equity shares allotted to shareholders of Keto Motors Private Limited pursuant to Scheme of Arrangement (3:2 ratio)
  • Trading Revocation: Suspension revoked effective 19th May 2026 after NCLT approval

Business Update and Operational Highlights

  • Product Launch: Urbanova KE9 electric bus commercially launched on 2nd August 2026 with handover ceremony attended by Union Minister Shri G. Kishan Reddy and TGSRTC Vice-Chairman Shri Y. Nagi Reddy
  • Market Position: India's electric bus market grew from 37 units in FY2017-18 to over 5,400 units in FY2025-26
  • Government Initiatives: PM eBus Sewa (10,000 electric buses) and PM E-DRIVE (14,028 electric buses) creating substantial procurement pipeline
  • Mining Fleet Electrification: Government mandate requiring 20% of mining fleets to transition to electric vehicles
  • Product Portfolio:
  • Urbanova KE9 (9-metre battery-electric bus) with CMVR Type Approval Certification
  • Urbanova KE13 (13.5-metre electric bus) under development
  • Long-range technology platform targeting over 900 km range
  • Electric heavy commercial vehicles (70-110 tonne payload class) and mining trucks
  • Technology Partnerships: Strategic relationship with TRON Energy Technology for liquid-cooled battery and BMS technologies
  • Manufacturing: Operations based at Jadcherla, Telangana with planned expansion of ₹300 crore investment (MoU stage)
  • Order Pipeline:
  • MOUs with STS Wheels, Svida Mobility and Hybrid Fleet Management for up to 250 KE9 units
  • Current order book of approximately 50 firm buses
  • Targeting State Transport orders of 500-1,000 buses in FY2026-27

Corporate Governance and Board Composition

Board of Directors:

  • Mrs. Jhansi Sanivarapu - Whole-Time Director (DIN: 03271569)
  • Mr. Venkatesh Challa - Non Executive Non Independent Director (DIN: 08891249)
  • Mr. Raj Kumar Medimi - Non-Executive Non Independent Director (DIN: 10106097) - Retiring by rotation, seeking re-appointment
  • Mr. Ankur Sharma - Independent Director (DIN: 10260305)
  • Ms. Himani Bhootra - Independent Director (DIN: 09811030)
  • Mr. Venkata Narayana Reddy Avula - Non Executive Non Independent Director (appointed 28.05.2026, DIN: 02290361)

Key Managerial Personnel:

  • Ms. Priya Ladda - Company Secretary and Compliance Officer
  • Mr. Rohit Aidasani - Chief Financial Officer (resigned effective 25.05.2026)

Committee Composition:

  • Audit Committee: Mr. Ankur Sharma (Chairman), Ms. Himani Bhootra, Mr. Venkatesh Challa
  • Nomination & Remuneration Committee: Ms. Himani Bhootra (Chairperson), Mr. Ankur Sharma, Mr. Venkatesh Challa
  • Stakeholder Relationship Committee: Mr. Venkatesh Challa (Chairman), Ms. Himani Bhootra, Mr. Ankur Sharma

Auditor Appointments

  • Statutory Auditors: Boppudi and Associates appointed for 5 years till AGM 2030
  • Internal Auditor: M/s. Sriramamurthy & Co. for FY2025-26; M/s. M M Reddy & Co. appointed for FY2026-27
  • Secretarial Auditor: M/s. P. Srinivas & Associates appointed for 5 years (April 1, 2025 to March 31, 2030)

Registrar and Share Transfer Agent Change

Board approved change from Niche Technologies Private Limited, Kolkata to Aarthi Consultants Private Limited, Hyderabad on 24th July 2026 (subject to execution of definitive agreements)

Shareholding Pattern as on March 31, 2026

  • Promoters: 92.49% (65,147,800 shares)
  • Indian Public: 6.46% (4,546,245 shares)
  • NRIs/OCBs: 0.24% (167,294 shares)
  • Corporate Bodies: 0.81% (571,062 shares)
  • IEPF: 0 shares
  • Unclaimed Suspense Account: 818 shares

Dividend Declaration

No dividend recommended for FY2025-26 due to absence of profit and recent exit from Corporate Insolvency Resolution Process

Important Notes

  • FY2025-26 represents a restructuring and business-transition year following NCLT approval
  • Historical comparisons with pre-resolution entity should be interpreted with caution
  • The financial statements reflect the restructured entity while comparative figures represent pre-restructuring entity
  • The company has complied with all applicable laws and regulations during the year
  • No frauds reported by statutory auditors during the financial year