Key Quantitative Figures

  • Total Revenue: ₹900.16 lakhs (Previous year: ₹1,378.86 lakhs)
  • Total Expenses: ₹811.92 lakhs (Previous year: ₹1,297.03 lakhs)
  • Profit Before Tax: ₹88.24 lakhs (Previous year: ₹81.23 lakhs)
  • Net Tax Expense: ₹23.26 lakhs (Previous year: ₹17.53 lakhs)
  • Net Profit After Tax: ₹64.98 lakhs (Previous year: ₹64.30 lakhs)
  • Earnings Per Share: ₹1.18 (Previous year: ₹0.48)
  • Paid-up Equity Share Capital: ₹550.40 lakhs (55,04,000 equity shares of ₹10 each fully paid-up)
  • Authorized Share Capital: ₹12,00,00,000 (increased from ₹6,00,00,000)
  • Dematerialized Shares: 52,19,872 shares (94.59% of equity share capital)

Dates of Action

  • AGM Date: 30th September 2026 at 10:00 AM
  • E-voting Period: 26th September 2026 (09:00 AM) to 29th September 2026 (05:00 PM)
  • Record Date: 23rd September 2026
  • Board Meeting Dates: 30th May 2024, 13th August 2024, 14th November 2024, 8th February 2025
  • Auditor's Report Date: 24th May 2025

Parties Involved

  • Statutory Auditors: M/s. Chandabhoy & Jassoobhoy Chartered Accountants (Firm Registration No. 0101648W)
  • Secretarial Auditor: M/s. Utkarsh Shah & Co. (proposed for 2025-27)
  • Internal Auditor: M/S. MAUKSH SHAHS ASSOCIATES, Chartered Accountants
  • RTA: M/s. MUFG Intime India Private Limited
  • Regulators: BSE Limited, SEBI, ROC

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY 2024-25

2. Re-appointment of Ms. Ananya Acharya (DIN 09246620) who retires by rotation

3. Confirmation of appointment of M/s. Chandabhoy & Jassoobhoy as Statutory Auditors for 5 years until 2030 AGM

Special Business

4. Appointment of M/s. Utkarsh Shah & Co. as Secretarial Auditor for FY 2025-26 and 2026-27

Director Appointments and Changes

  • Ms. Aasavari Jadhav appointed as Additional Director on 24th May 2025
  • Mr. Mayank Tiwari appointed as Additional Director on 14th June 2025
  • Mr. Vigil Rodrigues appointed as Additional Director on 14th June 2025
  • Ms. Sarita Ahire appointed as Additional Director on 14th June 2025
  • Mr. Vigil Rodrigues appointed as CFO for 5 years from 21st June 2025
  • Ms. Sarita Ahire appointed as Whole Time Director for 5 years from 21st June 2025
  • Mr. Jignesh Shah ceased to be Director from 7th June 2025 (resignation)
  • Mr. Meet Thakkar ceased to be Director from 16th June 2025 (resignation)

Secretarial Audit Qualifications

Ms. Viral Garachh, Secretarial Auditor, identified the following compliance deficiencies:

1. Non-maintenance of Structured Digital Database (SDD) as per SEBI PIT Regulations

2. Non-compliance with trading window closure and depository intimation requirements

3. Delay in holding Annual General Meeting beyond prescribed timeline

4. Delay in approval and submission of quarterly financial results per SEBI LODR

5. Non-appointment of Company Secretary as required under Companies Act and SEBI LODR

6. Non-publication of newspaper advertisement for financial results as required

Management Response to Qualifications

Management stated they are taking steps to ensure compliance with SDD requirements, strengthening procedures for trading window closure, ensuring timely AGM conduct in future, and that delayed financial results have been subsequently filed.

Dividend and Reserves

  • No dividend recommended for FY 2024-25 to conserve resources
  • No amount transferred to reserves during FY 2024-25

Capital Structure Impact

  • Authorized share capital increased from ₹6 crore to ₹12 crore during the year
  • No change in issued, subscribed, and paid-up equity share capital during FY 2024-25

Financial Impact Disclosure

Financial impact of the auditor appointments and director changes is not quantified in the disclosure. The company has adequate internal financial controls as per auditor's report.

Compliance Status

  • No significant material orders passed by regulators/courts
  • No proceedings under Insolvency and Bankruptcy Code, 2016
  • No fraud reported by auditors under Section 143(12)
  • No deposits accepted from public during the year
  • CSR provisions not applicable to the company

Additional Information

  • 13 employees on rolls during FY 2024-25
  • No sexual harassment complaints received during the year
  • No foreign exchange earnings or outgo during the year
  • Company primarily engaged in trading and marketing of paper products