Annual General Meeting Details

  • Date: Monday, August 10, 2026
  • Time: 10:15 AM
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Agenda Items

Ordinary Business:

  • Adoption of audited financial statements for FY ended March 31, 2026
  • Declaration of dividend for year ended March 31, 2026
  • Re-appointment of Mr. R. Santharam (DIN: 00151333) who retires by rotation
  • Re-appointment of Mr. N. Jayachandar (DIN: 00015091) who retires by rotation

Special Business:

  • Re-appointment of Mr. Pradip Roy (DIN: 09266521) as Non-Executive Independent Director for second term of 5 consecutive years

Dividend Information

  • Recommended Dividend: ₹10 per share (10%) on paid-up share capital of 6,68,750 equity shares of ₹100 each
  • Total Dividend Amount: ₹66.87 lakhs (previous year: ₹66.87 lakhs)
  • Record Date: August 3, 2026
  • Payment: Within 30 days from date of declaration
  • Taxation: TDS applicable as per Income Tax Act, 2025 provisions

Financial Performance Highlights (` in Lakhs)

| Particulars | 2025-26 | 2024-25 | Change |

| Sales and Other Income | 1,568.25 | 1,402.26 | 11.84% |

| Profit before Depreciation and Amortization | 384.92 | 199.46 | 93.00% |

| Depreciation and Amortization Expenses | 149.74 | 119.08 | 25.75% |

| Profit Before Tax | 235.18 | 80.38 | 192.59% |

| Tax Expense | 67.79 | (3.66) | - |

| Net Profit | 168.61 | 88.16 | 91.30% |

| Dividend Paid | 66.87 | 80.25 | (16.67%) |

Segment-wise Performance

Warehousing Rental Services (Unit I - Hosur):

  • Revenue: ₹972.25 lakhs (previous year: ₹855.39 lakhs)
  • Additional building of 40,770 sq.ft constructed and leased from June 1, 2025
  • Entire leasable space occupied by corporate lessees

Engineering Services (Unit II - Pollachi):

  • Revenue: ₹487.38 lakhs (previous year: ₹446.57 lakhs)
  • Manufacture and sale of accessories and spares for textile machinery and machine tools

Capital Structure

  • Paid-up Equity Share Capital: ₹668.75 lakhs (6,68,750 equity shares of ₹100 each)
  • No shares or convertible instruments issued during the year

Key Financial Position (` in Lakhs as at March 31, 2026)

  • Total Assets: 4,115.47
  • Non-current Assets: 3,035.02 (including Investment Property: ₹2,524.25)
  • Current Assets: 1,080.44
  • Total Equity: 2,276.71
  • Non-current Liabilities: 1,017.74
  • Current Liabilities: 821.01

Borrowings and Security

  • Total Borrowings: ₹921.95 lakhs
  • Secured by: Charge on current assets, plant & machinery, and equitable mortgage of land and buildings measuring 8.67 acres at SIPCOT Industrial Complex, Hosur
  • Bankers: Indian Bank

Investment Property

  • Carrying Value: ₹2,524.25 lakhs
  • Fair Value: ₹16,210.78 lakhs (as per registered valuer)
  • Rental Income: ₹972.25 lakhs
  • Direct Operating Expenses: ₹157.17 lakhs

Corporate Governance

Board Composition:

  • Mr. S. Pathy (Chairman)
  • Smt. Aishwarya Pathy (Vice Chairperson)
  • Mr. R. Santharam
  • Mr. N. Jayachandar
  • Mr. Pradip Roy (Independent Director)
  • Mr. M.V. Jeganathan (Independent Director)
  • Mr. M.R. Thiagarajan (Independent Director)
  • Mr. B. Sreeram (Independent Director)

Key Managerial Personnel:

  • Mr. R.D. Anandakumar (Chief Executive Officer)
  • Mr. K.P. Krishnakumar (Chief Financial Officer)
  • Mr. R. Muthukumar (Company Secretary)

Board Meetings: 4 meetings held during FY 2025-26 on May 23, 2025; August 8, 2025; November 11, 2025; and February 13, 2026

Committee Composition:

  • Audit Committee: Mr. M.V. Jeganathan (Chairman), Mr. R. Santharam, Mr. M.R. Thiagarajan, Mr. B. Sreeram, Mr. N. Jayachandar (co-opted from May 29, 2026)
  • Nomination and Remuneration Committee: Mr. M.R. Thiagarajan (Chairman), Mr. R. Santharam, Smt. Aishwarya Pathy, Mr. M.V. Jeganathan

Employee Benefits

  • Total Employees: 103 as on March 31, 2026
  • Gratuity Liability: ₹110.73 lakhs (defined benefit obligation)
  • Plan Assets: ₹112.34 lakhs
  • Net Defined Benefit Asset: ₹(1.61) lakhs

Related Party Transactions

All related party transactions were at arm's length basis in ordinary course of business. No materially significant transactions with potential conflict of interest.

Shareholding Pattern

Promoters & Promoter Group: 37.38%

Public: 62.62%

Major Shareholders (≥5%):

  • Ms. Aishwarya Pathy: 16.75%
  • ITEMA (Switzerland) Ltd: 14.95%
  • Mr. S. Pathy: 7.03%
  • Lakshmi Machine Works Ltd: 6.60%
  • Lakshmi Card Clothing Mfg. Company Private Ltd: 6.54%
  • Voltas Ltd: 9.20%

Dematerialization Status

  • Shares in physical mode cannot be transferred effective April 1, 2019
  • Demat Suspense Account: 16 shareholders holding 16 shares as at March 31, 2026

Important Dates

  • AGM: August 10, 2026
  • Remote E-voting Period: August 7, 2026 (9:00 AM) to August 9, 2026 (5:00 PM)
  • Cut-off Date: August 3, 2026
  • Register of Members Closure: August 4, 2026 to August 10, 2026 (both days inclusive)

Outlook

  • Strategic phased expansion planned for warehousing facilities in vacant spaces
  • Identifying new supply areas for engineering services with order inflow expected in FY 2026-27
  • Existing leased space to contribute to increased rental income in FY 2026-27

Other Disclosures

  • Conservation of Energy: Not energy intensive; continuous efforts to avoid waste
  • Technology Absorption: Adoption of indigenous technology; no imported technology
  • Foreign Exchange: Earnings: ₹72.77 lakhs; Outgo: Nil
  • R&D Expenditure: Not material
  • Corporate Social Responsibility: Not applicable under Section 135
  • Vigil Mechanism/Whistle Blower Policy: Implemented; no complaints received
  • Sexual Harassment Committee: Constituted; no complaints received

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