Financial Performance Highlights

  • Standalone Performance FY26: Total revenue of ₹10,883.61 lakhs (FY25: ₹20,669.86 lakhs), net loss of ₹185.13 lakhs (FY25: loss ₹273.46 lakhs)
  • Consolidated Performance FY26: Total revenue of ₹11,413.60 lakhs (FY25: ₹22,087.33 lakhs), net loss of ₹223.30 lakhs (FY25: loss ₹211.19 lakhs)
  • Loss Reason: Primarily due to diminution in valuation of stock-in-trade with combined impact of ₹100.47 lakhs for March 2025 and March 2026
  • Earnings Per Share: Standalone basic and diluted EPS of (₹0.41) for FY26 (FY25: (₹0.60))

Key AGM Resolutions (August 8, 2026)

1. Ordinary Business: Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Director: Mr. Sameer Rajendra Purohit (DIN: 05002079) retiring by rotation

3. Related Party Transaction: Sale of entire 60% shareholding in Mefcom Securities Limited to Mr. Vijay Mehta (Promoter & Managing Director)

  • Regulatory approvals obtained from BSE (March 23, 2026) and NSE (April 23, 2026)
  • Consideration based on valuation as of June 30, 2026 by independent valuer
  • Mr. Vijay Mehta advanced ₹250 lakhs for this transaction

4. Continuation of Directorship: Special resolution for Dr. Shri Ram Khanna (DIN: 07723472) to continue as Non-Executive Independent Director beyond age 75 (attains 75 on July 22, 2026) until January 30, 2030

5. Managerial Remuneration FY26: Special resolution to ratify excess remuneration paid to executive directors beyond Section 197 limits

  • Vijay Mehta: ₹24 lakhs p.a. (consistent with FY25)
  • Sameer Rajendra Purohit: ₹58 lakhs p.a. (FY25: ₹35.75 lakhs)

6. Managerial Remuneration FY27: Special resolution to approve proposed excess remuneration

  • Vijay Mehta: ₹84 lakhs p.a. plus perquisites
  • Sameer Rajendra Purohit: ₹60 lakhs p.a.

Corporate Actions and Changes

  • Subsidiary: Mefcom Securities Limited (60% holding) reported net loss of ₹38.16 lakhs on revenue of ₹529.99 lakhs in FY26
  • Director Changes:
  • Mr. Ajay Kumar Poddar resigned as Non-Executive Independent Director (May 23, 2025)
  • Mr. Vijay Kant Mishra appointed as Non-Executive Independent Director (August 13, 2025)
  • Ms. Priyanka Mehta changed category from Executive to Non-Executive Director (August 13, 2025)
  • KMP Changes:
  • Ms. Priyanka Goyal resigned as Company Secretary & Compliance Officer (April 7, 2025)
  • Ms. Rachita Aggarwal appointed as Company Secretary & Compliance Officer (May 23, 2025)

Capital Structure

  • Authorized Share Capital: ₹1,000 lakhs (5,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up: ₹914.02 lakhs (4,57,00,840 equity shares of ₹2 each)
  • No change in share capital during FY26

Audit and Compliance

  • Statutory Auditors: Satya Prakash Garg & Co., Chartered Accountants (FRN: 017544N)
  • Secretarial Auditor: B K Sharma & Associates, Company Secretaries
  • Audit Committee: Met 4 times during FY26
  • Board Meetings: 4 meetings held during FY26
  • No material orders from regulators/courts impacting going concern status

Other Significant Disclosures

  • Merchant Banking Revival: Company successfully resumed merchant banking activities after two decades, completed IPO of Globe Civil Projects Limited in Q1 FY26 raising ₹119 crore
  • Remote E-voting: Available through NSDL from August 5-7, 2026 for shareholders of record as of August 1, 2026
  • Register of Members Closure: August 5-8, 2026 (both days inclusive)
  • Employee Strength: 19 employees (14 male, 5 female, 0 transgender) as of March 31, 2026
  • Internal Financial Controls: Auditors reported adequate controls operating effectively

Financial Position (Standalone as of March 31, 2026)

  • Total Assets: ₹3,770.05 lakhs (FY25: ₹2,826.25 lakhs)
  • Non-Current Assets: ₹682.21 lakhs (including investments of ₹663.07 lakhs)
  • Current Assets: ₹3,087.84 lakhs (including stock-in-trade of ₹2,802.47 lakhs)
  • Equity: ₹1,757.04 lakhs
  • Current Liabilities: ₹2,013.01 lakhs (including borrowings/advances of ₹1,955.85 lakhs)