Key Quantitative Figures

  • Net Profit for FY 2025-26: ₹22,275.07 thousand (compared to loss of ₹62,586.08 thousand in FY 2024-25)
  • Revenue from Operations: ₹94,143.21 thousand (FY 2024-25: ₹63,116.80 thousand)
  • Total Expenses: ₹71,868.14 thousand (FY 2024-25: ₹125,655.33 thousand)
  • Finance Costs: ₹63,350.44 thousand (FY 2024-25: ₹111,979.84 thousand)
  • Investments (at fair value): ₹113,478.91 thousand (FY 2024-25: ₹529,022.66 thousand)
  • Borrowings: ₹324,836.32 thousand (FY 2024-25: ₹757,295.75 thousand)
  • Negative Net Worth: ₹238,352.64 thousand (FY 2024-25: ₹260,627.71 thousand)
  • Paid-up Share Capital: ₹24,000 thousand (240 million shares of Re. 1 each)
  • Employee Strength: 2 permanent employees as of 31st March 2026

Dates of Action

  • AGM Date: 28th September 2026 at 10:00 AM
  • Record Date for AGM: 21st to 28th September 2026 (both days inclusive)
  • E-voting Period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)
  • Financial Year: 1st April 2025 to 31st March 2026
  • Board Approval Date: 25th May 2026 (financial statements)

Parties Involved

  • Promoters/Directors: Ashish D. Jaipuria (Chairman & MD), Archana A. Jaipuria, Ujjval A. Jaipuria, Kushal A. Jaipuria
  • Independent Directors: Vivek Tekriwal, Nihar Sanghai
  • Key Managerial Personnel: Sanjay Nawal (CFO), Sapnakumari Thakur (Company Secretary & Compliance Officer from 13th August 2026)
  • Statutory Auditors: D.C. Bothra & Co. LLP (appointed after resignation of Lodha & Co LLP)
  • Secretarial Auditor: Purwar & Purwar Associates LLP
  • Related Parties: Algorismus Advisors LLP, Jaipuria International Private Limited, Jaipuria Realty Private Limited

Special Business Resolutions

1. Remuneration to Mr. Ashish D. Jaipuria (Chairman & MD) for period 1st July 2026 to 30th June 2028 comprising:

  • Basic salary: ₹100,000 per month
  • Perquisites: Free accommodation, medical reimbursement, travel expenses, mediclaim insurance, cars, club memberships
  • Bonus/commission as determined by Nomination & Remuneration Committee

2. Loan/Guarantee under Section 185: Approval for financial assistance up to ₹100 crore to Algorismus Advisors LLP and other entities where directors are interested

3. Investments/Loans under Section 186: Approval for loans, guarantees, and investments exceeding prescribed limits up to ₹100 crore

Financial and Operational Impact

  • Going Concern Uncertainty: Auditors highlight material uncertainty due to negative net worth and financial liabilities exceeding assets, though management asserts going concern basis based on promoter support
  • NBFC Compliance Issue: Secretarial audit reports Net Owned Fund below prescribed minimum requirement of ₹5 crore under RBI regulations
  • Dividend: No dividend recommended due to accumulated losses
  • Capital Structure: No change during year; maintained at 240 million equity shares of Re. 1 each
  • Related Party Transactions: Significant borrowings from related parties amounting to ₹209.84 million at year-end

Management Commentary

  • Company is registered with RBI as NBFC-ICC in Base Layer category
  • Business primarily consists of investments in capital markets
  • Performance influenced by domestic and global financial market conditions
  • Outlook remains dependent on capital market conditions and broader economic environment
  • Company focuses on prudent approach to liquidity, leverage, and market risk management

Governance Changes

  • Appointment of Mr. Nihar Sanghai as Independent Director (25th April 2025 to 24th April 2030)
  • Resignation of Ms. Aashi Panchal as Company Secretary (20th May 2026)
  • Appointment of Ms. Sapnakumari Thakur as Company Secretary (13th August 2026)
  • Resignation of statutory auditors M/s. Lodha & Co LLP (29th April 2025)
  • Appointment of M/s. D.C. Bothra & Co. LLP as statutory auditors