Annual General Meeting Details

  • Date: Friday, September 18, 2026
  • Time: 10:00 AM
  • Venue: "The Antelope", 3, Ho Chi Minh Sarani, 1st Floor, Kolkata-700071
  • Cut-off date: September 11, 2026 for determining voting rights
  • Remote e-voting period: September 15, 2026 (10:00 AM) to September 17, 2026 (5:00 PM)
  • Scrutinizer: Ms. Priti Agarwal, Practicing Company Secretary

Business to be Transacted at AGM

Ordinary Business

1. Adoption of Audited Standalone Financial Statements: To receive, consider and adopt the standalone audited financial statements for FY 2025-26 together with reports of Board of Directors and Auditors.

2. Retirement and Re-appointment of Director: Mrs. Siddhishree Jhunjhunwala (DIN: 08884963) retires by rotation and offers herself for re-appointment.

Special Business

3. Ratification of Cost Auditor Remuneration: Ratification of remuneration of ₹25,000 plus applicable taxes and out-of-pocket expenses to M/s. A. S. & Associates, Cost Accountants (Firm Registration No. 000523) for conducting cost audit for FY 2026-27.

4. Revision in Remuneration of Chairman & Managing Director: Special resolution to approve revision in remuneration payable to Sri Biswanath Jhunjhunwala (DIN: 00331168) with effect from April 1, 2026. Revised terms include:

  • Basic Salary: ₹8,07,388 per month
  • Perquisites, allowances and other benefits including accommodation/HRA, medical reimbursement, LTA, club membership, car & telephone expenses
  • Duration: Remainder of current term ending March 31, 2029
  • Minimum remuneration payable in case of loss or inadequacy of profits

5. Enhancement of Limits under Section 186: Special resolution to authorize Board to make loans, give guarantees, provide security or make investments up to an aggregate amount not exceeding ₹150 crores.

6. Approval of Material Related Party Transactions: Ordinary resolution to approve omnibus material related party transactions for period from April 1, 2026 till conclusion of AGM for FY ending March 31, 2027.

Financial Performance Highlights (Standalone)

FY 2025-26 vs FY 2024-25

  • Revenue from Operations: ₹150.87 crore (prev. ₹52.31 crore)
  • Other Income: ₹2.45 lakh (prev. ₹121.81 lakh)
  • Total Expenses: ₹125.32 crore (prev. ₹52.46 crore)
  • Finance Cost: ₹7.40 lakh (prev. ₹2.32 lakh)
  • Depreciation: ₹8.94 lakh (prev. ₹7.48 lakh)
  • Profit Before Tax: ₹257.94 lakh (prev. ₹120.32 lakh)
  • Tax Expense: ₹64.50 lakh (prev. ₹20.11 lakh)
  • Profit After Tax: ₹193.44 lakh (prev. ₹100.21 lakh)

Balance Sheet Position as at March 31, 2026

  • Equity Share Capital: ₹1,165.25 lakh (unchanged)
  • Net Worth: ₹1,779.23 lakh (prev. ₹1,588.39 lakh)
  • Non-current Assets: ₹14,615.89 lakh (prev. ₹14,102.11 lakh)
  • Current Assets: ₹7,827.70 lakh (prev. ₹5,985.95 lakh)
  • Total Assets: ₹22,443.59 lakh (prev. ₹20,088.06 lakh)
  • Current Liabilities: ₹4,071.04 lakh (prev. ₹2,796.65 lakh)
  • Short-term Borrowings: ₹1,155.32 lakh (prev. ₹414.30 lakh)

Key Financial Ratios

  • Current Ratio: 1.92 (prev. 2.14)
  • Debt-Equity Ratio: 0.06 (prev. 0.03)
  • Return on Equity: 11.49% (prev. 6.54%)
  • Net Profit Ratio: 12.82% (prev. 19.16%)
  • Inventory Turnover Ratio: 4.07 (prev. 1.52)

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No transfer to General Reserves during the financial year

Corporate Governance

Board of Directors

  • Mr. Biswanath Jhunjhunwala - Chairman & Managing Director (DIN: 00331168)
  • Mrs. Siddhishree Jhunjhunwala - Executive Director (DIN: 08884963)
  • Mrs. Dipti Sengupta - Independent Director (DIN: 10769457)
  • Mr. Prabir Kumar Dey - Independent Director (DIN: 02328254)
  • Mr. Atanu Sen Sarma - Independent Director (DIN: 00347353)
  • Mr. Pradip Kumar Ghosh - Independent Director (DIN: 07083871)

Key Managerial Personnel

  • Mr. Gautam Bharati - Company Secretary & Compliance Officer
  • Mr. Debraj Ghose - Chief Financial Officer

Committee Composition

  • Audit Committee: Mr. Pradip Kumar Ghosh (Chairperson), Mr. Prabir Kumar Dey, Mr. Atanu Sen Sarma, Mrs. Dipti Sengupta
  • Stakeholders Relationship Committee: Mr. Pradip Kumar Ghosh (Chairperson), Mr. Prabir Kumar Dey, Mr. Atanu Sen Sarma, Mrs. Dipti Sengupta
  • Nomination and Remuneration Committee: Mr. Pradip Kumar Ghosh (Chairperson), Mr. Prabir Kumar Dey, Mr. Atanu Sen Sarma, Mrs. Dipti Sengupta
  • CSR Committee: Mr. Biswanath Jhunjhunwala (Chairperson), Mr. Prabir Kumar Dey, Mr. Atanu Sen Sarma, Mr. Pradip Kumar Ghosh

Board Meetings

  • 8 Board meetings held during FY 2025-26
  • Maximum interval between any two meetings did not exceed 120 days

Auditors

  • Statutory Auditors: M/s. B. R. Khaitan & Co., Chartered Accountants (FRN: 305012E) - Appointed till conclusion of 44th AGM
  • Cost Auditors: M/s. A. S. & Associates, Cost Accountants (Firm Registration No. 000523) - Remuneration ₹25,000 for FY 2026-27
  • Secretarial Auditors: M/s. Agarwal Priti & Associates, Practicing Company Secretaries
  • Internal Auditors: M/s. H. Kabra & Co., Chartered Accountants

Share Capital and Listing

  • Paid-up Equity Share Capital: ₹1,165.25 lakh comprising 116,525,000 equity shares of ₹1 each
  • Listing: BSE Limited and Calcutta Stock Exchange Limited
  • Dematerialization: 97.44% of equity shares held in dematerialized form as on March 31, 2026
  • Registrar & Share Transfer Agent: M/s. Maheshwari Datamatics Pvt. Ltd.

Corporate Social Responsibility (CSR)

  • Required CSR Expenditure (2% of average net profit): ₹28.69 lakh
  • Actual CSR Expenditure: ₹28.70 lakh
  • CSR Activities: Donations to Calcutta Pinjrapole Society (₹28.39 lakh for animal welfare) and Gaudiya Mission (₹0.31 lakh for Prasadam Seva)

Risk Management

Identified key risks include:

  • Economy risk: Economic slowdown impacting performance
  • Geographic risk: Global demand decline due to economic de-growth
  • Competition risk: Rising number of players impairing profitability
  • Pricing risk: Increase in raw material prices reducing profitability

Other Disclosures

  • Deposits: Company has not accepted any deposits under Section 73 of Companies Act, 2013
  • Related Party Transactions: All transactions were at arm's length and in ordinary course of business
  • Material Orders: No significant material orders passed by regulators/courts impacting going concern status
  • Sexual Harassment: No cases reported during the year under The Sexual Harassment of Women at Workplace Act, 2013
  • Fraud Reporting: No fraud reported by auditors under Section 143(12) of Companies Act, 2013

Important Dates

  • Book Closure: September 12, 2026 to September 18, 2026 (both days inclusive)
  • AGM Date: September 18, 2026
  • E-voting Period: September 15, 2026 (10:00 AM) to September 17, 2026 (5:00 PM)