Key Quantitative Figures

  • Profit Before Tax (PBT): ₹249.73 lakhs for FY26 (compared to ₹712.03 lakhs in FY25)
  • Net Profit (PAT): ₹189.92 lakhs for FY26 (compared to ₹599.24 lakhs in FY25)
  • Revenue from Operations: ₹6.60 crores for FY26 (compared to ₹16.70 crores in FY25)
  • Total Income: ₹659.83 lakhs for FY26 (including other income of ₹658.01 lakhs)
  • Dividend: No dividend recommended for FY26
  • CSR Spending: ₹60,000 spent against requirement of ₹73,420
  • Share Capital: ₹540.39 lakhs (51,53,859 equity shares of ₹10 each)
  • Loans and Advances: ₹4,812.24 lakhs outstanding as of 31st March 2026
  • Current Ratio: 12.02:1 as of 31st March 2026

Dates of Action

  • AGM Date: 27th August 2026 at 12:30 PM via video conferencing
  • Book Closure: 21st August 2026 to 27th August 2026 (both days inclusive)
  • E-voting Period: 24th August 2026 (10:00 AM) to 26th August 2026 (5:00 PM)
  • Cut-off Date for Voting: 20th August 2026
  • Board Meetings: 6 meetings held during FY26 on 28th May 2025, 26th June 2025, 29th July 2025, 28th October 2025, 20th January 2026, and 31st March 2026

Parties Involved

  • Statutory Auditors: S D & Associates, Chartered Accountants
  • Internal Auditors: Saraf & Co., Chartered Accountants
  • Secretarial Auditors: T Chatterjee & Associates, Practising Company Secretaries
  • Bankers: Axis Bank Limited, The Federal Bank Limited
  • RTA: Maheshwari Datamatics Private Limited
  • Scrutinizer: Ms. Sumana Subhash Mitra (T. Chatterjee & Associates)

AGM Agenda Items

Ordinary Business

1. Adoption of financial statements for FY ended 31st March 2026

2. Re-appointment of Ms. Sarika Fatehpuria (DIN: 03570828) who retires by rotation

Special Business

3. Re-appointment of Mr. Manish Fatehpuria (DIN: 00711992) as Whole-time Director for 5 years from 9th November 2026 to 8th November 2031 with monthly remuneration of ₹90,000 basic plus allowances

4. Appointment of Mr. Kailash Kumar Kedia (DIN: 02629502) as Independent Director for 5 years from 28th May 2026 to 27th May 2031

5. Approval for charitable contributions up to ₹50,00,000 annually under Section 181

6. Waiver of excess remuneration paid to Mr. Mahesh Kumar Tibrewal, Independent Director (₹5,25,000 paid vs ₹2,13,426 permissible limit)

Financial Performance Analysis

Comparative Financials (in lakhs):

| Metric | FY 2025-26 | FY 2024-25 |

| PBIDT | 271.78 | 824.73 |

| Interest Expenses | 1.49 | 87.38 |

| PBDT | 270.29 | 737.35 |

| Depreciation | 20.56 | 25.36 |

| PBT | 249.73 | 712.03 |

| Tax Expense | 59.81 | 112.79 |

| PAT | 189.92 | 599.24 |

Key Ratios:

  • Debt-Equity Ratio: 0.30:1 (0.32:1 in FY25)
  • Return on Net Worth: 3.30% (11.23% in FY25)
  • Operating Profit Margin: 41.19% (49.38% in FY25)
  • Inventory Turnover: 2.06:1 (not applicable in FY25)

Capital Structure Impact

  • No change in share capital during the year
  • 97.59% shares held in dematerialized form, 2.41% in physical form
  • Promoter group holding: 66.23% of total shares

Cash Flow Implications

  • Net cash from operating activities: ₹(1,164.17) lakhs
  • Net cash from investing activities: ₹1,292.84 lakhs
  • Net cash from financing activities: ₹(4.06) lakhs
  • Cash and cash equivalents: ₹204.94 lakhs as of 31st March 2026

Contingent Liabilities and Legal Matters

  • Dispute with Kolkata Port Trust regarding Kidderpore Stock Yard rent: ₹602.72 lakhs
  • Dispute with M/s. GSG Builders Pvt Ltd: ₹700.00 lakhs advance against property
  • ESIC disputes: ₹6.55 lakhs (assets) and ₹1.01 lakhs (liability)
  • Unclaimed dividend for FY 2018-19: ₹2,24,198.50 to be transferred to IEPF if not claimed by 4th October 2026

NBFC Regulatory Consideration

The company disclosed that based on preliminary evaluation of the "50-50 test," its financial assets constitute more than 50% of total assets and income from financial assets constitutes more than 50% of gross income, potentially bringing it under NBFC regulations under Section 45-IA of RBI Act, 1934. Management is consulting with legal advisors regarding registration requirements.

Corporate Governance

  • Board consists of 6 directors: 2 executive, 3 non-executive independent, 1 non-executive woman director
  • All directors attended all board meetings during the year
  • CSR policy implemented with ₹60,000 spent on charitable activities
  • Whistleblower mechanism in place with no complaints received during the year

Additional Information

  • Company focused on real estate development in Kolkata region
  • Maintained virtually debt-free profile with strong balance sheet
  • 97.59% of shares in demat form, encouraging remaining physical shareholders to convert
  • Unpaid dividend for FY 2018-19 amounting to ₹2,24,198.50 pending transfer to IEPF