Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 01:00 p.m. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: 22nd Annual General Meeting

Proposed Resolutions

Ordinary Business

1. To receive, consider and adopt the Standalone Financial Statements of the Company for the year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon and Consolidated Financial Statements of the Company for the year ended March 31, 2026 and the Report of Auditors thereon.

2. To appoint a director in place of Mr. Riyaz Ganji (DIN: 02236203), who retires by rotation & being eligible, offers himself for re-appointment.

Voting Process and Methods

  • Remote e-voting period: Begins on Sunday, September 27, 2026 at 09:30 A.M. and ends on Tuesday, September 29, 2026 at 05:00 P.M.
  • Remote e-voting available on AGM date: September 30, 2026
  • Record date: September 23, 2026
  • Voting methods: Remote e-voting through Bigshare i-Vote E-Voting system, with facility for venue voting on AGM date
  • Voting rights: Proportional to share in paid-up equity share capital as on cut-off date

Key Financial Performance Highlights (Standalone)

| Particulars | March 31, 2026 (₹ in lakh) | March 31, 2025 (₹ in lakh) |

| Revenue from operations | 5,383.99 | 5,493.93 |

| Other income | 190.69 | 28.53 |

| Gross Income | 5,574.67 | 5,522.46 |

| Expenses | 5,271.33 | 5,650.82 |

| Exceptional Item | (240.00) | 0.00 |

| Profit/(Loss) before Tax | 63.35 | (128.36) |

| Less: Tax | 4.01 | 29.18 |

| Net Profit for the year | 59.34 | (157.44) |

Financial Position Highlights

  • Net Worth: ₹50.99 crore (FY26) vs ₹50.40 crore (FY25) - increase of 1.17%
  • Book Value of Shares: ₹19.36 (FY26) vs ₹19.13 (FY25)
  • Current Ratio: 2.32 (March 31, 2026) vs 2.16 (March 31, 2025)
  • Total Debt: ₹13.22 crore (FY26) vs ₹13.81 crore (FY25)
  • Net Profit Margin: 1.10% (FY26) vs -2.87% (FY25)

Share Capital Structure

  • Authorized Share Capital: ₹28 crore (increased to ₹40.60 crore by postal ballot concluded on July 9, 2026)
  • Paid-up Equity Share Capital: ₹26.34 crore
  • Board approved right issue on June 2, 2026 meeting

Board and Management Changes

  • Ms. Bhumisha Dadwani and Mrs. Kalpana Kumari resigned as Independent Directors effective August 14, 2025
  • Mr. Diwakar Unnikrishna Menon and Mrs. Supriya Ramdas appointed as additional non-executive Independent Directors effective August 15, 2025
  • Ms. Anjali Barot appointed as Company Secretary & Compliance Officer effective June 12, 2025
  • M/s Choudhary Choudhary & Co. resigned as Statutory Auditors effective August 14, 2025
  • M/s J. N. Mittal & Co. appointed as Statutory Auditors effective August 15, 2025

Auditor Qualifications and Management Responses

Statutory Auditor Qualifications:

1. Inventory overstatement by ₹1,213.79 lakhs comprising obsolete stock (₹700.84 lakhs), overvaluation (₹194.43 lakhs), and shortages (₹318.52 lakhs)

  • Management response: Mismanagement due to branch closures; refurbishing stock for TV serial costumes

2. Loans and advances of ₹427.59 lakhs potentially unrecoverable (no receipts for 2 years, no agreements)

  • Management response: Confident of full recovery; delays due to COVID financial difficulties

3. Internal control processes not commensurate with business size

  • Management response: Payments personally verified by directors; remedial actions for stock control

4. No provision for gratuity liability

  • Management response: Appropriate provision will be recognized upon completion of exercise

Secretarial Auditor Qualifications:

1. Delay in submitting annual audited financial results by 13 days (due May 30, 2025, submitted June 13, 2024)

2. Delay in submitting half-yearly results by 4 days (due November 14, 2025, submitted November 18, 2025)

3. Delay in payment of Annual Listing fees for FY 2025-26

4. Delay in submission of shareholding pattern for quarter ended December 31, 2025

Compliance with Laws and Regulations

The document confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ministry of Corporate Affairs circulars
  • Secretarial Standards issued by ICSI

Scrutinizer Appointment

Bigshare Services Private Limited appointed as agency for providing Remote e-Voting facility. The scrutinizer's role and findings will be reported post-AGM.

Shareholder Information

  • Total shares outstanding: 26,344,580 equity shares
  • Promoter holding: 31.55% (8,310,515 shares)
  • Public holding: 68.45% (18,034,065 shares)
  • Demat shares: 99.9995% of total shares
  • Registered shareholders: 21,313

Corporate Governance Compliance

The Company generally complied with corporate governance requirements except for the delays noted in the secretarial audit report. All required policies (whistle blower, related party transactions, etc.) are in place and disclosed on the company website.