Nature of Event

Regulatory disclosure regarding the 21st Annual General Meeting (AGM) and accompanying Annual Report for FY 2025-2026.

AGM Details

The 21st AGM will be held on Monday, September 21, 2026 at 4:00 PM IST through Video Conferencing/Other Audio-Visual Means.

Key Dates:

  • Cut-off date for determining member eligibility: Friday, September 11, 2026
  • Remote e-voting period: Thursday, September 17, 2026 (9:00 AM) to Sunday, September 20, 2026 (5:00 PM)
  • Book closure period: Tuesday, September 15, 2026 to Monday, September 21, 2026 (both days inclusive)

The company is using Central Depository Services Limited (CDSL) for remote e-voting services.

Business to be Transacted

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mrs. Jayshri Lakhotiya (DIN: 05357609) who retires by rotation

Special Business:

3. Appointment of M/s. Praveen Purohit & Associates as Statutory Auditor to fill casual vacancy caused by resignation of M/s. Sharp Arth & Co. LLP

4. Appointment of M/s. Praveen Purohit & Associates as Statutory Auditor for 5 years

5. Appointment of Ms. Kajal Dubey (DIN: 09717665) as Independent Director for 5 years

6. Appointment of Mr. Murli Harishkumar Lakhotia (DIN: 06898391) as Non-Executive, Non-Independent Director

Financial Performance (FY 2025-2026)

Key Financial Figures:

  • Total Income: ₹1,976.09 lakhs (compared to ₹7,216.58 lakhs in FY 2024-2025)
  • Expenditure: ₹1,661.25 lakhs (compared to ₹6,410.62 lakhs in FY 2024-2025)
  • Profit before Tax: ₹314.84 lakhs (compared to ₹805.96 lakhs in FY 2024-2025)
  • Tax Expense: ₹77.32 lakhs (including previous year tax adjustment of ₹-8.16 lakhs)
  • Profit after Tax: ₹237.52 lakhs (compared to ₹602.06 lakhs in FY 2024-2025)

Share Capital:

  • Authorized Share Capital: ₹10.50 crores (1,050,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹10.47 crores (1,047,398 equity shares of ₹10 each)

Dividend: No dividend recommended for FY 2025-2026 to conserve financial resources.

Director Appointments and Changes

  • Mr. Nikunj Shrawan Bihani (Non-Executive Independent Director) stepped down effective July 17, 2026
  • Ms. Kajal Dubey appointed as Additional Director (Non-Executive Independent Director) effective July 17, 2026
  • Mr. Murli Harishkumar Lakhotia appointed as Additional Director (Non-Executive, Non-Independent Director) effective August 18, 2026
  • Mrs. Jayshri Lakhotiya retires by rotation and is seeking re-appointment

Auditor Changes

M/s. Sharp Arth & Co. LLP resigned as Statutory Auditors effective July 22, 2026 due to "preoccupation of other assignments and voluminous audit related works." The Board appointed M/s. Praveen Purohit & Associates (FRN: 164568W) as replacement, subject to shareholder approval.

Corporate Governance

Board Composition: 6 Directors (3 Independent, 3 Executive)

Key Managerial Personnel:

  • Mr. Madhusudan Lakhotiya (Managing Director)
  • Mr. Vivek Rathi (Chief Financial Officer)
  • Ms. Shanu Chaturvedi (Company Secretary & Compliance Officer)

Committee Composition:

  • Audit Committee: Ms. Kajal Dubey (Chairperson), Mr. Vashishtha Mohan Pandiya, Mr. Kanhaiya Lal Sharma, Mr. Madhusudan Lakhotiya
  • Nomination and Remuneration Committee: Mr. Vashishtha Mohan Pandiya (Chairperson), Mr. Kanhaiya Lal Sharma, Ms. Kajal Dubey
  • Stakeholders Relationship Committee: Mr. Vashishtha Mohan Pandiya (Chairperson), Mr. Kanhaiya Lal Sharma, Mrs. Jayshri Lakhotiya

Operational Highlights

  • Company engaged in manufacturing metallic yarns, textile fabrics, polyester lacquered/coated films
  • No change in nature of business during FY 2025-2026
  • No subsidiaries, associates, or joint ventures
  • Industrial relations remained peaceful and harmonious throughout the year

Other Material Information

  • CSR obligation for FY 2025-2026: ₹4.39 lakhs, spent ₹4.39 lakhs on Prashuram Ved Vidya Pratishthan Samiti
  • No pending litigations that would impact going concern status
  • No instances of fraud reported by auditors
  • No sexual harassment complaints during the year
  • Foreign exchange earnings: ₹278.07 lakhs (compared to ₹2,825.12 lakhs in previous year)
  • Foreign exchange outgo: Nil (compared to ₹125.29 lakhs in previous year)