Annual General Meeting Details
- Meeting Date: Monday, 28th September 2026
- Time: 03:30 PM IST
- Mode: Video Conferencing/Other Audio-Visual Means
- Cut-off Date: Monday, 21st September 2026
- Book Closure: Tuesday, 22nd September 2026 to Monday, 28th September 2026 (both days inclusive)
- E-voting Period: Friday, 25th September 2026 (9:00 AM) to Sunday, 27th September 2026 (5:00 PM)
Agenda Items
Ordinary Business
1. Adoption of audited financial statements for FY ended 31st March 2026 with reports of Board of Directors and auditors
2. Re-appointment of Mrs. Taruna Reddy (DIN: 02787135) who retires by rotation
Special Business
3. Appointment of Mr. Kshatray Krishn Vinay Reddy (DIN: 11359945) as Non-Executive Non-Independent Director, liable to retire by rotation
Financial Performance Summary (FY 2025-26)
- Net Turnover: ₹4,217.21 lakhs (Previous year: ₹4,219.33 lakhs)
- Profit Before Tax: ₹63.71 lakhs (Previous year: Loss of ₹406.79 lakhs)
- Profit After Tax: ₹334.78 lakhs (Previous year: ₹178.65 lakhs)
- Other Income: ₹512.87 lakhs (Previous year: ₹1,021.53 lakhs)
- Depreciation & Amortization: ₹148.79 lakhs (Previous year: ₹204.67 lakhs)
- Total Income: ₹4,730.08 lakhs (Previous year: ₹5,240.86 lakhs)
Key Financial Ratios (Year-on-Year Change)
- Debtors Turnover: 1.89 (1.94)
- Inventory Turnover: 0.92 (0.80)
- Debt Service Coverage Ratio: 2.50 (-5.93)
- Current Ratio: 5.68 (3.86)
- Debt Equity Ratio: 0.015 (0.049)
- Operating Profit Margin (%): 0.03 (-7.72)
- Net Profit Margin (%): 7.94 (4.23)
- Return on Net Worth: 1.87 (1.01)
Board and Management Changes
Appointments
- Mr. Sunil Kumar Bansal appointed as Company Secretary and Compliance Officer effective August 14, 2025
- Mr. Kshatray Krishn Vinay Reddy appointed as Additional Non-Executive Non-Independent Director effective August 13, 2026
Resignations
- Mr. Vindamuri Giriraj resigned as Executive Director effective February 28, 2026
- Mr. Rohit Jadhav resigned as Company Secretary and Compliance Officer effective July 29, 2025
Key Managerial Personnel (as of March 31, 2026)
1. Mr. Lattupalli Vinay Reddy - Managing Director
2. Mr. Rajashekar Talapachery - Chief Financial Officer
3. Mr. Sunil Kumar Bansal - Company Secretary
Dividend Declaration
No dividend recommended for the financial year ended March 31, 2026.
Corporate Governance
- Board comprises 6 Directors (3 Independent, 2 Non-Executive, 1 Executive)
- 5 Board meetings held during the year
- All statutory committees constituted: Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR Committees
- Company has Whistle Blower Policy and Vigil Mechanism in place
Regulatory Compliance Issues
1. Delayed submission of Annual Report for FY 2024-25 on BSE & NSE - Fine of ₹6,000 imposed by each exchange
2. Audit Committee meeting dated February 14, 2025 conducted with only one independent director instead of required two - Warning letter issued by NSE & BSE
3. Non-filing of Forms IEPF-1 and IEPF-4 for closure of dividend account for FY 2016-17
Shareholding Pattern (as of March 31, 2026)
- Total Shares: 1,48,00,000 equity shares of ₹10 each
- Physical Shares: 1 share (0.00%)
- Demat Shares: 1,47,99,999 shares (100%)
- NSDL: 1,18,64,836 shares (80.17%)
- CDSL: 29,35,163 shares (19.83%)
- Promoter Holding: 63.97%
Plant Locations
1. Plot No. 9 & 10, John Avenue Pvt. Road, Singasandra, Bengaluru - 560068
2. 46/2, Guruprasanna Industrial Area, Doddakallasandra, Bengaluru - 560062
3. RS NO. 707/2C, Sengalipalayam Village, Erode District - 638116
4. GF 11A Tower B, Spectrum Metro, Sector 75, Noida, Uttar Pradesh - 201301
5. Survey No.105, Kaggalipura Village, Bengaluru Urban, Karnataka - 560082
6. Survey No. 10/7, Kanakapura Main Road, Bengaluru Urban, Karnataka - 560062
7. Sy No.28, Harohalli Hobli, Ramanagara, Karnataka - 562112
Registrars and Share Transfer Agents
M/s. MUFG Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400083
Tel: +91 22 49186000, Email: rnt.helpdesk@in.mpms.mufg.com
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