Key Financial Figures (FY 2025-26 vs. FY 2024-25)

  • Total Income: ₹2.20 Lakhs (Previous: ₹6,200.33 Lakhs)
  • Total Expenditure: ₹72.11 Lakhs (Previous: ₹4,943.42 Lakhs)
  • Profit/(Loss) Before Tax: (₹69.91) Lakhs (Previous: ₹1,256.91 Lakhs)
  • Net Profit/(Loss) After Tax: (₹58.50) Lakhs (Previous: ₹1,256.35 Lakhs)
  • Earnings Per Share (EPS): (₹0.01) (Previous: ₹0.18)
  • Paid-up Equity Share Capital: ₹7,031.22 Lakhs (70,312,188 shares of ₹1 each) (Unchanged)
  • Other Equity: (₹7,254.49) Lakhs (Previous: (₹7,195.99) Lakhs)
  • Current Borrowings: ₹963.30 Lakhs (Previous: ₹890.32 Lakhs)
  • Cash & Cash Equivalents: ₹7.02 Lakhs (Previous: ₹7.86 Lakhs)
  • Inventories (Stock-in-Trade): ₹724.77 Lakhs (Previous: ₹725.10 Lakhs)

AGM and Corporate Calendar Details

  • 51st AGM Date: Friday, September 25, 2026, at 03:00 PM IST
  • AGM Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date for AGM: Friday, September 18, 2026
  • Book Closure: September 19, 2026 (Saturday) to September 25, 2026 (Friday) (both inclusive)
  • Remote E-Voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • Scrutinizer: M/s. Suprabhat & Co, Practicing Company Secretaries

Business Items for AGM

1. Ordinary Business:

  • To consider and adopt the audited financial statements for FY 2025-26 and reports of Directors and Auditors.
  • To appoint Mr. Naresh Jain (DIN: 00291963), who retires by rotation, as a Director.
  • To reappoint M/s. B M Gattani & Co. (FRN: 113536W) as Statutory Auditors for a second term of five consecutive years, from the conclusion of the 51st AGM till the conclusion of the 56th AGM in 2031.

Directors and Key Managerial Personnel (KMP)

  • Whole-time Director & CFO: Mr. Naresh Jain (DIN: 00291963)
  • Company Secretary & Compliance Officer: Ms. Prerna Mehta
  • Non-Executive Independent Directors:
  • Mr. Suryakant Kadakane (DIN: 02272617)
  • Mrs. Preeti Jayesh Doshi (DIN: 07741542)
  • Mr. Rajendra Siddhoji Redekar (DIN: 02713973)

Key Operational and Strategic Highlights from Directors' Report

  • Dividend: No dividend recommended for FY 2025-26.
  • Reserves: No amount transferred to reserves.
  • Share Capital: No change in issued, subscribed, and paid-up share capital during the year.
  • Deposits: Company did not accept any public deposits.
  • Subsidiaries/JV/Associate: The company does not have any subsidiaries, joint ventures, or associate companies.
  • Related Party Transactions (RPTs): All RPTs were on an arm's length basis and in the ordinary course of business. Details are provided in Annexure A (Form AOC-2).
  • Corporate Governance: A separate report on corporate governance is included, with a compliance certificate from the secretarial auditor.
  • Management Discussion & Analysis (MD&A): Report is included as Annexure B, discussing industry structure, opportunities, threats, and financial performance.
  • Directors' Responsibility Statement: Directors confirm the preparation of annual accounts on a going concern basis, following applicable accounting standards, with proper internal financial controls.

Regulatory and Compliance Observations

  • Secretarial Audit Report (Annexure C - Form MR-3): Contains one observation: "Independent directors of the Company have not clear online self-assessment proficiency test as per the Companies (Appointment and Qualification of Directors) Rules, 2014."
  • Certificate of Non-Disqualification of Directors: Provided by the secretarial auditor, confirming no directors were disqualified, alongside the noted observation on the proficiency test.
  • CEO & CFO Certification: Provided by Mr. Naresh Jain, affirming the truth and fairness of the financial statements and the adequacy of internal financial controls.

Other Material Information

  • Registrar & Share Transfer Agent (RTA): M/s. Niche Technologies Pvt. Ltd., Kolkata.
  • Bankers: Axis Bank Limited and Indusind Bank.
  • Dematerialization: 97.37% of the equity share capital is held in dematerialized form as of March 31, 2026.

Financial Impact

As disclosed, the financial impact of the loss for the year is quantified at ₹(58.50) lakhs. The reappointment of auditors and directorial changes are procedural with no immediate quantified financial impact disclosed.