54th Annual General Meeting Details

Date: August 24, 2026 (Monday)

Time: 12:30 PM

Format: Video Conferencing (VC) / Other Audio Visual Means (OAVM) only - no physical venue

Record Date: August 17, 2026

Book Closure: August 17, 2026 to August 24, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To consider and adopt the audited financial statements for FY ended March 31, 2026 together with reports of Board of Directors and Auditors.

2. Director Reappointment: To appoint Mr. Shailesh B. Shirguppi (DIN: 08770042) who retires by rotation and offers himself for reappointment.

Special Business

3. Reappointment and Remuneration of Mr. Shailesh B. Shirguppi: To reappoint as Whole Time Director (Works) for 3 years from July 1, 2026 with monthly remuneration of:

  • Basic Salary: ₹95,224 with annual increment up to 20%
  • Perquisites & Allowances: ₹82,111 with annual increment up to 20%
  • Variable Pay: As decided by Nomination & Remuneration Committee
  • Eligible for Provident Fund, Superannuation, Gratuity, Leave encashment, etc.
  • Minimum remuneration payable in case of no profits/inadequacy of profits

4. Reappointment of Ms. Madhavi Kilachand: To reappoint as Independent Director for 5 years from June 29, 2026 (not liable to retire by rotation).

5. Ratification of Cost Auditor Remuneration: To ratify payment of ₹125,000 to Cost Auditors for FY 2026-27.

Financial Performance Highlights (FY 2025-26)

Total Income: ₹8,863.70 lakhs (Previous year: ₹5,934.82 lakhs)

Profit Before Tax: ₹679.55 lakhs (Previous year: loss of ₹2,662.00 lakhs)

Profit After Tax: ₹495.42 lakhs (Previous year: loss of ₹2,669.31 lakhs)

Total Comprehensive Income: ₹476.29 lakhs (Previous year: loss of ₹2,643.58 lakhs)

EPS: ₹1.63 (after exceptional items)

Exceptional Items: ₹111.85 lakhs (Previous year: ₹1,179.31 lakhs) comprising:

  • Compensation to retired employees above 55 years: ₹106.90 lakhs
  • Gain on disposal of property: ₹218.75 lakhs

Dividend: No dividend recommended for FY 2025-26

Reserves: No amount transferred to reserves

Operational Highlights

  • Export Performance: FOB value of exports ₹2,748 lakhs (Previous year: ₹2,574 lakhs)
  • Foreign Exchange Earnings: ₹2,848 lakhs (Previous year: ₹2,623 lakhs)
  • R&D Expenditure: ₹49.68 lakhs (0.61% of net sales)
  • Total Employees: 190 permanent employees as of March 31, 2026

Corporate Governance

Board Composition: 7 Directors (3 Executive, 4 Independent)

Board Meetings: 4 meetings held during FY 2025-26

Key Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee

Directors' Remuneration:

  • Executive Directors: ₹118.80 lakhs each for Chairman & Vice Chairman MD; ₹22.09 lakhs for Whole Time Director
  • Non-Executive Directors: Sitting fees only (₹15,000 per Board meeting, ₹10,000 per Independent Directors meeting, ₹9,000 per NRC meeting)

Shareholding Pattern (as of March 31, 2026)

Total Shares: 3,04,15,061 equity shares of ₹2 each

Promoter Holding: 57.68%

Public Holding: 42.32%

Dematerialized Holdings: 99.20%

Physical Holdings: 0.80%

IEPF and Unclaimed Dividend

  • Transferred ₹234,754.80 as unclaimed dividends for FY 2017-18 to IEPF
  • Transferred 62,009 shares in respect of unclaimed/unpaid dividends to IEPF
  • Next transfer due on January 18, 2027 for FY 2018-19 dividends declared on December 12, 2019

Voting Arrangements

Remote e-Voting Period: August 20, 2026 (9:00 AM) to August 23, 2026 (5:00 PM)

Scrutinizer: Mr. Aashish K. Bhatt of M/s. Aashish K. Bhatt & Associates

Results Declaration: Within 2 working days of AGM conclusion

Other Disclosures

Statutory Auditors: M/s. Desai Shah & Associates (appointed for 5 years from 2022)

Secretarial Auditors: M/s. Aashish K. Bhatt & Associates (appointed for 5 years from 2025)

Cost Auditors: M/s. C.S. Adawadkar & Co.

Bankers: State Bank of India

RTA: MUFG Intime India Pvt. Ltd.

Material Litigations

Income Tax: ₹5.39 lakhs (AY 2013-14) and ₹49.48 lakhs (AY 2016-17) under appeal

GST: Multiple disputes totaling approximately ₹141 lakhs under appeal

Forward-Looking Statements

The company continues to focus on printing machinery manufacturing while exploring opportunities in other engineering products. The outlook remains cautious due to economic slowdown, digitalization impact, and competition in the printing industry.