Key Financial Figures (Standalone FY 2025-26)

  • Total Income: ₹1,072.73 lakhs (Previous year: ₹1,313.89 lakhs)
  • Total Expenditure: ₹619.25 lakhs (Previous year: ₹947.48 lakhs)
  • Profit Before Tax: ₹453.48 lakhs (Previous year: ₹366.42 lakhs)
  • Provision for Taxation: ₹126.57 lakhs (Previous year: ₹68.54 lakhs)
  • Profit After Tax: ₹326.91 lakhs (Previous year: ₹297.88 lakhs)
  • Transfer to Statutory Reserve (u/s 45IC RBI Act): ₹65.38 lakhs (Previous year: ₹59.58 lakhs)
  • Net Worth: ₹4,084.12 lakhs (increased by ₹326.91 lakhs from previous year)
  • Gross Loans: ₹4,908.17 lakhs (Previous year: ₹4,807.45 lakhs)
  • Borrowings: ₹1,913.58 lakhs (reduced from ₹2,150.01 lakhs)
  • Capital Adequacy Ratio (CRAR): 68.82% (Previous year: 64.41%)
  • Earnings Per Share (Basic & Diluted): ₹9.25 (Previous year: ₹8.43)

Board of Directors (as of March 31, 2026)

  • Mrs. Sajjan Kanwar Bafna (Chairperson, DIN: 00007725)
  • Mr. Adit S Bafna (Managing Director, DIN: 00058663)
  • Mrs. R.A. Eswari Director (Independent Director)
  • Mrs. Rainy Ramesh Singhi (Independent Director, DIN: 09844099)
  • Mr. Dinesh Kumar M Jain (Chief Financial Officer)
  • Mrs. Jyoti Agarwal (Company Secretary)

32nd Annual General Meeting Details

  • Date: September 30, 2026
  • Time: 11:00 AM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Business:
  • Ordinary Business: Adoption of audited financial statements and reappointment of Mrs. Sajjan Kanwar Bafna who retires by rotation
  • Special Business: Appointment of Smt. Shivangi Digant Shah (DIN: 11200412) as Independent Director for 5 years from October 1, 2026 to September 30, 2031

Shareholding Pattern

  • Authorized Share Capital: ₹5.50 crores (55,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹3.53 crores (35,34,900 equity shares of ₹10 each)
  • Promoter Holding: 70.68% (24,98,363 shares)
  • Public Holding: 29.32%
  • Shares in Physical Form: 19.13% of total shares

Dividend

No dividend recommended for FY 2025-26 due to working capital requirements.

Auditor Reports

Statutory Auditors (M/s. Sirohia & Co.)

  • Unmodified opinion on financial statements
  • Disputed Tax Dues:
  • ₹42,087 for FY 2003-04 pending with CIT(A)
  • ₹1,19,420 for FY 2004-05 pending with CIT(A)
  • ₹4,52,270 for FY 2011-12 pending with Assessing Officer
  • ₹4,57,920 for FY 2012-13 pending with Assessing Officer
  • No fraud reported during the year

Secretarial Auditors (M/s. Mundhara & Co.)

Observations:

  • General delays in filing statutory returns with MCA
  • Website not updated with all statutory information
  • Improper composition of Nomination and Remuneration Committee (included executive director)
  • Company name listed under SDD Non-Compliant tab on BSE
  • Delay in reappointment of Independent Director Mrs. Rajendhiran Eswari Angali
  • Copies of IICA registration certificates for independent directors not provided
  • Certain promoter shares continued to be held in physical form despite SEBI mandate

Related Party Transactions

Transactions with related parties conducted at arm's length basis, including:

  • Salary payments to directors and KMPs
  • Unsecured loans from directors and their relatives totaling ₹1,851.40 lakhs
  • Interest payments to related parties

Internal Financial Controls

Adequate internal financial controls in place with no reportable material weaknesses identified. Internal audit conducted by CA Shri T.S. Srinivasan.

Risk Management Framework

The company has identified and manages credit risk, market risk, operational risk, and reputation risk through structured policies and procedures.

Corporate Governance

Complied with mandatory requirements of SEBI LODR Regulations. All committees (Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management) met 4 times during the year.

Pending Litigations

  • Disputed income tax demands totaling ₹10.71 lakhs
  • Land compensation dispute of ₹174.02 lakhs

Important Dates

  • Book Closure: September 24, 2026 to September 30, 2026
  • E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off Date for E-voting: September 23, 2026

Registrars and Share Transfer Agents

Cameo Corporate Services Limited, Chennai

Bankers

Union Bank of India and ICICI Bank Limited