Key Dates and Events

  • 47th AGM Date: Wednesday, 19th August, 2026 at 03:30 P.M. through video conferencing/audio-visual means
  • Voting Period: Begins 16.08.2026 at 09:00 A.M. (IST) to 18.08.2026 at 05:00 P.M. (IST)
  • Book Closure: Register of Members and Share Transfer Books will remain closed from 13.08.2026 to 19.08.2026 (both days inclusive)
  • Cut-off Date: 12.08.2026 for determining members eligible to vote

Board of Directors

  • Mr. Sumesh Bharat Bhushan Agarwal: Chairman, Director and Chief Executive Officer (DIN: 00325063)
  • Mr. Vinayak Ganesh Phadke: Independent Director (DIN: 00506647)
  • Mr. Ashwin Kumar Suresh Kumar Sharma: Director (DIN: 05143846)
  • Mrs. Geethu Padavale: Independent Director (DIN: 09541264)

Key Managerial Personnel

  • Company Secretary & Compliance Officer: Ms. Khushbu Harigen Yadav
  • Chief Financial Officer: Mr. Rajesh Mukane
  • Chief Executive Officer: Mr. Sumesh Bharat Bhushan Agarwal

AGM Business Items

Ordinary Business:

1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with reports of Board of Directors & Auditors

2. To approve re-appointment of Mr. Ashwin Kumar Suresh Kumar Sharma (DIN: 05143846) as Director retiring by rotation

Special Business:

3. Special Resolution: To increase borrowing powers under Section 180(1)(c) of Companies Act, 2013 up to ₹1,000 Crores over and above aggregate of paid-up capital, free reserves and securities premium

4. Special Resolution: To increase limits for giving loans/guarantees/providing securities under Section 186 of Companies Act, 2013 up to ₹1,000 Crores outstanding at any time

5. Ordinary Resolution: To grant unsecured loan to Ladam Steels Limited (Related Party) up to ₹25 Lakhs for FY 2026-27 under Section 188 and Regulation 23 of SEBI LODR

6. Ordinary Resolution: To grant unsecured loan to Ladam Flora Private Limited (Related Party) up to ₹5 Lakhs for FY 2026-27 under Section 188 and Regulation 23 of SEBI LODR

7. Ordinary Resolution: To grant unsecured loan to Spearhead Metals and Alloys Limited (Related Party) up to ₹5 Lakhs for FY 2026-27 under Section 188 and Regulation 23 of SEBI LODR

Financial Performance (FY 2025-26)

Standalone Financials:

  • Total Income: ₹15.64 lakh (Previous year: ₹15.69 lakh)
  • Profit/(Loss) before Tax: ₹(196.28) lakh (Previous year: ₹(8.20) lakh)
  • Net Profit/(Loss) after Tax: ₹(196.28) lakh (Previous year: ₹(8.20) lakh)
  • Exceptional Item: Provision of ₹178.72 lakh for impairment of investments and expected credit losses on loans
  • Earnings per Share (Basic & Diluted): ₹(1.072) (Previous year: ₹(0.05))

Consolidated Financials:

  • Total Income: ₹23.60 lakh (Previous year: ₹63.06 lakh)
  • Profit/(Loss) before Tax: ₹(27.51) lakh (Previous year: ₹(5.04) lakh)
  • Net Profit/(Loss) after Tax: ₹(27.69) lakh (Previous year: ₹(5.03) lakh)
  • Earnings per Share (Basic & Diluted): ₹(0.151) (Previous year: ₹(0.028))

Capital Structure

  • Authorized Share Capital: ₹10.15 crore divided into 2.03 crore equity shares of ₹5 each
  • Issued, Subscribed and Paid-up Capital: ₹9.15 crore divided into 1.83 crore equity shares of ₹5 each
  • No change in share capital during the year

Dividend

No dividend recommended for the current financial year due to losses incurred during the year.

Key Financial Positions (as on March 31, 2026)

Standalone:

  • Property, Plant and Equipment: ₹192.11 lakh
  • Investments: ₹42.10 lakh
  • Inventory: ₹39.67 lakh
  • Trade Receivables: ₹70.29 lakh
  • Cash and Cash Equivalents: ₹1.35 lakh
  • Borrowings: ₹117.11 lakh (current)

Consolidated:

  • Property, Plant and Equipment: ₹207.05 lakh
  • Goodwill: ₹31.52 lakh
  • Investments: ₹40.57 lakh
  • Inventory: ₹39.67 lakh
  • Trade Receivables: ₹69.45 lakh
  • Cash and Cash Equivalents: ₹50.40 lakh
  • Borrowings: ₹112.76 lakh (current) + ₹7.81 lakh (non-current)

Related Party Transactions

Approval sought for unsecured loans to related parties:

  • Ladam Steels Limited: ₹25 lakh maximum
  • Ladam Flora Private Limited: ₹5 lakh maximum
  • Spearhead Metals and Alloys Limited: ₹5 lakh maximum

Subsidiaries and Associates

Subsidiary: Ladam Homes Private Limited (52.53% holding)

Associates: Lacon India Limited (38.36%), Ladam Steels Limited (24.49%), Ladam Foods Private Limited (49.88%), Ladam Flora Private Limited (30.81%), Spearhead Metals and Alloys Limited (20.42%)

Auditor Reports

Statutory Auditors: M/s. D.P. Sarda & Co.

Secretarial Auditors: M/s. Ashita Kaul & Associates

Internal Auditors: Ms. I. P Mehta & Co.

Secretarial Audit Qualifications:

1. Non-compliance with Regulation 31(2) of SEBI LODR: 8,00,000 shares of promoter Mr. Bharat Bhushan Aggarwal not in dematerialized form (shares pledged to secure loan taken by associate company)

2. Incorrect categorization of Mr. Sumesh Bharat Bhushan Agarwal as Independent Director instead of Executive Director in MCA records due to system error during portal migration

Voting Arrangements

  • E-voting through Purva Sharegistry (India) Private Limited
  • Voting period: August 16-18, 2026
  • Physical shareholders and demat shareholders have different login procedures
  • Shareholders can join AGM through VC/OAVM 15 minutes before scheduled time

Important Notes

  • AGM conducted through VC/OAVM in compliance with MCA Circulars
  • No proxy facility available for this AGM
  • All documents available on company website: www.ladamaffordablehousing.com
  • Company registered office: Ladam House, C-33, opp. ITI, Wagle Industrial Estate, Thane (W) - 400 604