Company Overview

Key Quantitative Figures

Financial Performance (FY 2025-26 vs FY 2024-25):

  • Total Income: ₹413.38 lakhs (previous year: ₹942.01 lakhs)
  • Net Profit After Tax: ₹52.92 lakhs (previous year: ₹60.48 lakhs)
  • EPS (Basic & Diluted): ₹0.39 (previous year: ₹0.44)
  • Paid-up Equity Share Capital: ₹1,365.00 lakhs (unchanged)
  • Cash and Cash Equivalents: ₹8.16 lakhs
  • Bank Balance (other than cash): ₹0.54 lakhs

Balance Sheet Highlights (as at 31st March, 2026):

  • Total Assets: ₹4,116.31 lakhs
  • Non-Current Assets: ₹3,842.68 lakhs (including loans of ₹3,473.27 lakhs)
  • Current Assets: ₹273.62 lakhs
  • Total Equity: ₹3,012.30 lakhs
  • Non-Current Liabilities: ₹846.36 lakhs (borrowings)
  • Current Liabilities: ₹257.64 lakhs

Dates of Action

  • AGM Date: 30th September, 2026 at 11:30 AM
  • Book Closure: 24th September to 30th September, 2026
  • E-voting Period: 27th September (9:00 AM) to 29th September (5:00 PM), 2026
  • Cut-off Date for Voting: 23rd September, 2026
  • Last Date for Proxy Submission: 28th September, 2026

Parties Involved

Board of Directors:

  • Mr. Manoj Naginlal Jain (Managing Director, DIN: 00165280)
  • Mr. Manishkumar Naginlal Jain (Non-Executive Director, DIN: 00165472)
  • Ms. Jyoti Bansal (Independent Director, DIN: 08489503)
  • Mr. Manish Saklecha (Independent Director, DIN: 11282507)

Key Managerial Personnel:

  • Mr. Amruth Couthino (Chief Financial Officer)
  • CS Shweta Sharma (Company Secretary & Compliance Officer)

Auditors:

  • Statutory Auditors: M/s A.K Kocchar and Associates (Chartered Accountants)
  • Secretarial Auditor: Ms. Ritika Agrawal (Practicing Company Secretary)

Other Service Providers:

  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd.
  • Banker: Axis Bank Ltd.

Business Operations

The company's primary business activities include Capital Market Operations, Interest income, and Trading of Goods. There were no major changes in the nature of business during the year.

Corporate Governance

Board Composition:

  • Total Directors: 4 (1 Executive, 3 Non-Executive including 2 Independent)
  • Board Meetings: 9 meetings held during the year
  • Attendance: Managing Director attended all 9 meetings, other directors attendance ranged from 4-8 meetings

Committee Structure:

  • Audit Committee: 8 meetings held during the year
  • Nomination and Remuneration Committee: 4 meetings held
  • Stakeholders Relationship Committee: 4 meetings held

Director Appointment:

  • Ordinary business includes reappointment of Mr. Manishkumar Naginlal Jain who retires by rotation

SEBI Compliance:

  • Filed under Regulation 34(1) of SEBI LODR Regulations, 2015
  • Provided e-voting facilities as mandated
  • Disclosed shareholding pattern and corporate governance report

Statutory Dues:

  • Outstanding TDS interest and late fees: ₹1,46,581.50
  • Disputed GST penalties: ₹2,83,38,113 under appeal

Auditor Observations:

  • Statutory auditors issued unqualified opinion
  • Key audit matter: Company did not maintain audit trail feature in accounting software as required by Rule 3(1) of Companies (Accounts) Rules, 2014
  • Secretarial audit report with no qualifications

Shareholding Pattern (as at 31st March, 2026)

  • Total Shareholders: 3,208
  • Promoter Holding: 22.78% (31,09,098 shares)
  • Public Holding: 77.22%
  • Dematerialized Shares: 99.99% of total equity share capital
  • Top Shareholder: Mr. Manoj Naginlal Jain (22.78% holding)

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to reserves during the year

Related Party Transactions

All related party transactions were in compliance with applicable laws and regulations. Details of transactions with key management personnel include:

  • Loans taken from directors: ₹527.05 lakhs
  • Remuneration to directors and KMPs: ₹9.50 lakhs

Risk Management

The company has implemented risk management policies and internal financial controls. No material risks threatening the company's existence were identified.

Forward-looking Statements

The management discussed the outlook for the Indian economy and financial sector, expecting growth opportunities through digitalization and economic reforms. However, they noted challenges including high competition and stringent compliance requirements.