Key Financial Figures (Standalone, ₹ in Lakhs)

Income Statement:

  • Income from Operations: ₹51.61 (Previous year: ₹186.68)
  • Other Income: ₹0.61 (Previous year: ₹0)
  • Total Expenditure: ₹21.84 (Previous year: ₹314.24)
  • Profit/(Loss) Before Tax: ₹29.77 (Previous year: ₹(127.56))
  • Net Profit/(Loss) After Tax: ₹18.82 (Previous year: ₹(91.44))
  • Earnings Per Share (EPS): ₹0.17 (Previous year: ₹(0.85))

Balance Sheet Position as at 31st March 2026:

  • Total Assets: ₹349.47 Lakhs
  • Equity Share Capital: ₹1,080.02 Lakhs (10,800,200 shares of ₹10 each)
  • Other Equity: ₹(951.11) Lakhs
  • Borrowings (Non-current): ₹132.07 Lakhs (Unsecured loans from related parties)
  • Current Liabilities: ₹88.49 Lakhs

Cash Flow Statement:

  • Net Cash from Operating Activities: ₹21.23 Lakhs
  • Net Cash from Investing Activities: ₹0.03 Lakhs
  • Net Cash from Financing Activities: ₹(23.30) Lakhs (Loan repayments)
  • Cash and Cash Equivalents at year-end: ₹0.46 Lakhs

AGM Details

  • Date: 28th September 2026 (Monday)
  • Time: 2:00 PM
  • Venue: 100, Chinubhai Towers, Opposite Handloom House, Ashram Road, Navrangpura, Ahmedabad - 380009
  • Record Date: 28th August 2026
  • Book Closure: 19th September 2026 to 28th September 2026 (both days inclusive)

Business Operations

The company is engaged in high-quality Desktop Publishing, imaging, Corporate Presentations, advertisements, creative designing, graphic designing, multimedia software development, and letting out vehicles. During the year, it also organized a Polo Championship event in a league-based format.

Board and Management

Board of Directors:

  • Mr. Kartik J. Patel (Chairman & Managing Director, DIN: 000447862)
  • Mr. Rao Kamalkant (Independent Director - resigned 30.09.2025)
  • Mr. Prakash Tekwani (Independent Director - resigned 26.08.2025)
  • Mr. Rajesh Chinubhai Sutaria (Independent Director)
  • Mr. Radheshyam Rampal Patel (Whole Time Director w.e.f. 01/05/2025)
  • Mr. Praful Agrawal (Non-Executive Non-Independent Director)
  • Mrs. Roma Alpesh Patel (Non-Executive Women Director - resigned 18.09.2025)
  • Ms. Khushbu Bhavya Shah (Independent Director w.e.f. 01/05/2025)
  • Mr. Dilipkumar Gajanand Nikhare (Independent Director w.e.f. 30/01/2026)

Key Managerial Personnel:

  • Mrs. Ripal Sukhadiya (Company Secretary w.e.f. 28/03/2026)
  • Mrs. Deepa Gidwani (Chief Financial Officer)

Auditor Information

Statutory Auditors: M/s. MAAK & Associates, Chartered Accountants (FRN: 135024W)

  • Appointed for 5 financial years from 01/04/2025 to 31/03/2030
  • Remuneration to be fixed by management

Secretarial Auditor: M/s. Kamlesh M Shah & Co., Practicing Company Secretaries

Audit Qualifications and Issues

The Statutory Auditors issued a qualified opinion with the following key issues:

1. Advance against Land: ₹208.75 lakhs paid as advance for land registration not completed. No registered agreements or party confirmations provided.

2. Polo Championship Event Compliance: Revenue recognized from polo event despite no specific amendment to Memorandum of Association to include event management/sports activities. Expenses shown under prepaid expenses.

3. Revenue Recognition Issues: Revenue from polo event not aligned with Ind AS 115 requirements. Lack of agreements with sponsors, franchisees, or broadcasters. Unable to verify accurate recognition period.

4. Advances Deemed Deposits: Certain customer advances outstanding for more than 365 days (₹51 lakhs) deemed deposits under Companies Act, 2013. Company failed to comply with deposit acceptance provisions including non-creation of repayment reserve, non-filing of DPT-3 return.

Related Party Transactions

Shareholders are asked to approve omnibus consent for related party transactions for FY 2026-27 with the following parties:

  • Mrs. Jignaben K Patel (Spouse of Chairman) - Rent: ₹10,00,000
  • Khyati World Educare Pvt Ltd - Sale: ₹5,00,000
  • Firdaus Memorial Charity & Education Trust - Sale: ₹5,00,000
  • Khyati Foundation - Sale: ₹5,00,000
  • M/s. Khyati Finance (Kartik J Patel HUF) - Sale & Borrowing: ₹25,00,000
  • Khyati Realities Limited - Purchase/Sale: ₹5,00,000

Total Proposed Limit: ₹50,00,000

Capital Structure Impact

No change in share capital during the year. Paid-up capital remains at ₹1,080.02 lakhs (10,800,200 equity shares of ₹10 each).

Regulatory Compliance Issues

  • Delayed submission of Audited Financial Results for March 2025 (6 days delay) - penalty of ₹30,000 + GST paid
  • Promoters' personal demat accounts frozen by BSE for non-payment of penalties under Regulation 31A
  • Application for waiver of penalty pending with BSE
  • 15,20,000 equity shares allotted on 26/12/2000 not yet listed/dematerialized
  • Promoters' shareholding not fully dematerialized

Corporate Governance

  • Board met 10 times during the year
  • Audit Committee met 4 times
  • Nomination and Remuneration Committee met 4 times
  • Stakeholders' Relationship Committee met 6 times
  • No dividend recommended for FY 2025-26

Other Material Information

  • Advances from Customers: ₹51 lakhs outstanding for more than 365 days, to be refunded
  • Investment in Khyati Retail & Eatery Pvt Ltd: ₹36.40 lakhs at book value
  • Deferred Tax Assets: ₹40.37 lakhs (Previous year: ₹51.26 lakhs)
  • Trade Receivables: ₹59.16 lakhs (considered good)
  • Share Price Range (FY 2025-26): ₹2.29 to ₹4.45
  • Dematerialized Shares: 80.27% of total share capital

Voting Information

  • e-Voting Period: 24th September 2026 (10:00 AM) to 27th September 2026 (5:00 PM)
  • e-Voting Service Provider: CDSL through www.evotingindia.com
  • EVSN Number: 260905023