Financial Performance Highlights

  • Revenue from Operations: ₹7,897.84 lakhs in FY26 vs ₹7,530.01 lakhs in FY25 (4.88% increase)
  • EBITDA: ₹1,326.16 lakhs in FY26 vs ₹1,681.07 lakhs in FY25 (21.11% decrease)
  • Profit Before Tax (PBT): ₹873.28 lakhs in FY26 vs ₹1,358.78 lakhs in FY25
  • Profit After Tax (PAT): ₹673.37 lakhs in FY26 vs ₹1,066.20 lakhs in FY25 (36.85% decrease)
  • Total Comprehensive Income: ₹668.21 lakhs in FY26 vs ₹1,066.00 lakhs in FY25
  • Earnings Per Share (Basic/Diluted): ₹6.24 in FY26 vs ₹10.21 in FY25

Key Financial Position (as of March 31, 2026)

  • Total Assets: ₹9,284.44 lakhs
  • Equity Share Capital: ₹1,079.00 lakhs (10,790,000 equity shares of ₹10 each)
  • Total Equity: ₹5,654.95 lakhs
  • Borrowings: ₹292.30 lakhs (non-current) + ₹1,479.95 lakhs (current) = ₹1,772.25 lakhs total
  • Inventory: ₹2,840.14 lakhs
  • Trade Receivables: ₹1,992.61 lakhs
  • Cash & Cash Equivalents: ₹31.57 lakhs

Annual General Meeting Details

  • Date: September 29, 2026 at 11:00 AM
  • Mode: Video Conference/Other Audio Visual Means (OAVM)
  • Record Date: September 04, 2026
  • Cut-off Date for e-voting: September 22, 2026
  • e-voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)

Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt audited standalone financial statements for FY 2025-26 along with reports of Board of Directors and Statutory Auditors

2. Director Re-appointment: Re-appointment of Ms. Hemaben Rameshchandra Patel (DIN: 10644176) as Whole-Time Director liable to retire by rotation

Special Business

3. Appointment of Secretarial Auditor: Appointment of M/s. Mittal V. Kothari & Associates as Secretarial Auditor for FY 2026-27 at remuneration to be mutually agreed

4. Approval for Loans/Guarantees: Special resolution to approve giving loans/guarantees/providing security up to ₹50.00 crore to subsidiaries/associates/joint ventures/group entities

Director Changes

  • Re-appointed: Mr. Alkeshkumar Patel as Managing Director (September 03, 2025 to September 02, 2030)
  • New Appointments: Mr. Vikas Sharma, Mr. Pradeep Kumar Agarwal, and Mr. Sharad Vyas as Independent Directors (September 03, 2025 to September 02, 2030)
  • Resignations: Mr. Babubhai Bhulabhai Patel, Mr. Girish Nathubhai Desai, and Mr. Kalpesh Lalitchandra Joshi completed their second term as Independent Directors and resigned effective September 03, 2025

Key Managerial Personnel Changes

  • Appointed: Mr. Rishi Roop Kapoor as CEO effective May 06, 2025
  • Resigned: Mr. Rishi Roop Kapoor as CEO effective February 28, 2026
  • Current KMPs:
  • Mr. Alkeshkumar Patel (Chairman and Managing Director)
  • Ms. Helena Alkeshkumar Patel (Whole-Time Director)
  • Ms. Hemaben Rameshchandra Patel (Whole-Time Director)
  • Mr. Amitkumar Chandubhai Patel (CFO)
  • Mrs. Neha Jangid (Company Secretary)

Auditor Information

  • Statutory Auditors: M/s A Y and Company, Chartered Accountants (re-appointed for second term of five years until 22nd AGM)
  • Previous Secretarial Auditors: M/s. MSV & Associates resigned due to professional commitments (letter dated September 05, 2026)
  • New Secretarial Auditors: M/s. Mittal V. Kothari & Associates appointed for FY 2026-27 subject to shareholder approval
  • Internal Auditors: J.M Patel & Bros, Chartered Accountant

Secretarial Audit Observations

M/s. MSV & Associates reported four observations in their Secretarial Audit Report:

1. Delay in disclosure of CEO resignation (disclosed on March 06, 2026 vs effective date February 28, 2026)

2. Delay in submission of trading window closure intimation under SEBI PIT Regulations

3. Delay in filing certain e-forms with additional fees paid

4. Continuation of Independent Directors beyond their completed tenure until September 03, 2025

The company has acknowledged these observations and strengthened internal processes.

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26 to conserve resources
  • Reserves: No amount transferred to General Reserve during the year
  • Unclaimed Dividend: No unclaimed dividend requiring transfer to IEPF

CSR Activities

  • CSR Obligation: ₹19.56 lakh (2% of average net profit of last three years)
  • CSR Spending: ₹20.21 lakh on:
  • Promoting education and employment-enhancing vocation skills (₹13.00 lakh)
  • Promoting healthcare including preventive healthcare (₹6.50 lakh)
  • Environmental conservation (₹0.71 lakh)
  • Excess Spending: ₹0.65 lakh excess available for set-off against next year's obligation

Related Party Transactions

All related party transactions were conducted at arm's length and in the ordinary course of business. No material related party transactions requiring disclosure under Section 188(1) of Companies Act, 2013.

Compliance Status

  • SEBI LODR Regulations: Company has complied with all applicable provisions
  • Corporate Governance: Certificate of compliance obtained from practicing company secretaries
  • Sexual Harassment: No complaints received during FY 2025-26
  • Vigil Mechanism: Whistle Blower Policy implemented and operational

Foreign Exchange Transactions

  • Export Sales: ₹2,122.82 lakhs
  • Import Purchases: ₹316.78 lakhs
  • Net Foreign Exchange: ₹1,806.04 lakhs

Capital Structure

  • Authorized Capital: ₹15,00,00,000 (1,50,00,000 equity shares of ₹10 each)
  • Issued/Subscribed/Paid-up Capital: ₹10,79,00,000 (1,07,90,000 equity shares of ₹10 each)
  • No change in share capital during FY 2025-26

Important Dates

  • Board Meetings: 6 meetings held during FY 2025-26 (May 09, August 08, September 03, November 14, February 13, and March 06, 2026)
  • AGM Date: September 29, 2026
  • Financial Year End: March 31, 2026