Mewar Hi-Tech FY26 Revenue Falls 6.5% to ₹472.5 Crore

Business Income: ₹47,24,92,675 (FY25: ₹50,52,99,980) - decrease of ₹3,28,07,305 (6.5%)
Other Income: ₹2,00,921 (FY25: ₹76,168)
Total Income: ₹47,26,93,596 (FY25: ₹50,53,76,147)
Total Expenses: ₹45,89,12,097 (FY25: ₹47,08,39,137)
Profit before taxation: ₹1,37,81,499 (FY25: ₹3,45,37,010) - decrease of ₹2,07,55,511 (60.1%)
Taxation: ₹50,00,000 (FY25: ₹60,00,000)
Profit after taxation: ₹87,81,499 (FY25: ₹2,85,37,010) - decrease of ₹1,97,55,511 (69.2%)
EPS: ₹2.25 (FY25: ₹7.31)

Authorised Capital: ₹4,50,00,000 divided into 45,00,000 equity shares of ₹10 each
Paid-up Capital: ₹3,90,36,000 divided into 39,03,600 equity shares of ₹10 each (unchanged during year)
Total Assets: ₹46,80,92,006
Non-current Assets: ₹8,73,45,668 (Fixed Assets), ₹11,29,245 (Investments)
Current Assets: ₹23,60,30,348 (Inventories), ₹12,38,77,663 (Trade Receivables), ₹8,68,107 (Cash & Cash Equivalents), ₹1,58,51,201 (Short Term Loans & Advances)
Current Liabilities: ₹16,89,03,103 (Short Term Borrowings), ₹78,16,58,87 (Trade Payables), ₹56,06,931 (Other Short Term Liabilities)

Business: Manufacturer of construction equipment including jaw crushers, cone crushers, roll crushers, sand washers, mobile crushing plants, impactors, VSI, HSI, vibrators, conveyors
Revenue decline attributed to challenging business environment, changing market dynamics, competitive pressures, fluctuations in input costs, and broader economic uncertainties
Management focus on maintaining operational efficiency and improving financial performance
No change in nature of business compared to previous year

No dividend recommended for FY26 due to future fund requirements to be met through retained earnings
Amount carried forward in reserves as shown in financial statements

1. Shri. Chatrsingh Harisingh Rathore - Chairman and Managing Director (DIN: 01748904)

2. Smt. Reena Rathore - Whole Time Director (DIN: 01748907)

3. Shri. Vaibhav Singh Rathore - Whole Time Director & CFO (DIN: 03438743)

4. Shri Ghanshyam Joshi - Independent Director (DIN: 08490676)

5. Smt. Krati Maheshwari - Independent Director (DIN: 09611183)

6. Smt. Somali Jain - Company Secretary & Compliance Officer

7 meetings held during FY26 on: 30.05.2025, 18.07.2025, 30.08.2025, 04.10.2025, 14.11.2025, 14.01.2026, 11.03.2026

Audit Committee: 4 meetings held; Composition: Shri Ghanshyam Joshi (Chairman), Smt. Krati Maheshwari, Smt. Reena Rathore
Nomination and Remuneration Committee: 1 meeting held; Composition: Shri Ghanshyam Joshi (Chairman), Smt. Krati Maheshwari, Smt. Reena Rathore

Transactions with Mewar Technocast Pvt Ltd: Purchase of goods and rent amounting to ₹14,93,09,606
All transactions at arm's length price and in ordinary course of business
Approved by Board on 30.05.2025

Statutory Auditors: M/s Maheshwari N. & Associates, Chartered Accountants (Firm Registration Number: 008467C)
Appointed for 5 years from conclusion of 16th AGM (01 September 2023) to conclusion of 21st AGM (2027)
Unqualified audit opinion with emphasis on related party transactions and inventory valuation as key audit matters

Secretarial Auditor: M/s Mohit Vanawat & Associates, Practicing Company Secretary
Appointed for 5 years from FY 2025-26 to FY 2029-30
No qualifications or adverse remarks in secretarial audit report

Internal Auditors: M/s Kothari Harshil & Associates, Chartered Accountants (Firm Registration Number: 024931C)

Directors' remuneration: ₹30,00,000 each to Chatrsingh Rathore and Reena Rathore
No employees drawing remuneration ≥ ₹1,02,00,000 per annum or ≥ ₹8,50,000 per month

Statutory dues under dispute:
GST: ₹11,34,524.91 (2024-25)
TCS: ₹4,81,362.00 (2024-25)
ESIC: ₹9,91,930.00 (2024-25)
No significant material orders passed by regulators/courts impacting going concern status
No fraud reported by statutory auditors
No sexual harassment complaints received during FY26

20th AGM Date: September 30, 2026 at 4:00 PM
Venue: Registered Office at 1, Hawa Magri, Industrial Area, Sukher, Udaipur, Rajasthan-313001
Business:

1. To receive, consider and adopt audited financial statements for FY26

2. To reappoint Mrs. Reena Rathore as Whole Time Director

Record Date: September 23, 2026
Register of Members closure: September 24 to September 30, 2026 (both days inclusive)
Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Shares listed on: BSE SME
Annual listing fees paid for 2025-26
No investor complaints pending
CSR provisions not applicable to the company
No subsidiaries, joint ventures or associate companies
No loans, guarantees or investments under Section 186 of Companies Act, 2013
No deposits accepted under Sections 73 to 76 of Companies Act, 2013

Global stone-crushing equipment market: USD 7.27 billion (2022), expected USD 10.1 billion by 2031 (7.25% CAGR)
Indian market: ₹96.1 million (2022), expected 10.72% CAGR from 2023-2032
Key growth drivers: Government infrastructure spending, road & highway development, mining sector expansion
Challenges: Stringent environmental regulations, skilled labor shortage, rising raw material costs, competition
Opportunities: Mobile and compact crushers demand, cone crusher segment growth, government infrastructure initiatives

Market risks: Competition, changing customer demand, input cost fluctuations
Regulatory risks: Environmental compliance, location-sensitive operations
Operational risks: Raw material availability, transportation costs
Economic risks: Broader economic and geopolitical uncertainties

Related party transactions with Mewar Technocast Pvt Ltd constitute significant portion of total revenue
Inventory valuation requires management judgment and estimation
No material misstatements identified in financial statements
Internal financial controls adequate and operating effectively

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