AGM Details
The 42nd Annual General Meeting will be held through video conferencing/other audio visual means on Thursday, September 24, 2026 at 11:30 AM IST. The Register of Members will remain closed from September 18, 2026 to September 24, 2026 (both days inclusive).
Financial Performance Highlights
Standalone Financial Results for FY 2025-26:
- Total Revenue: ₹9.51 lakh (₹951.50 thousand)
- Total Expenses: ₹57.63 lakh (₹5,763.43 thousand)
- Loss before tax: ₹48.12 lakh (₹4,811.93 thousand)
- Current and Deferred Tax: ₹1.05 lakh (₹105.49 thousand)
- Loss after tax: ₹49.17 lakh (₹4,917.42 thousand)
- Other Comprehensive Loss: ₹39.86 lakh (₹39,861.48 thousand) due to changes in fair value of FVOCI equity instruments
- Total Comprehensive Loss: ₹44.78 lakh (₹44,778.90 thousand)
- Earnings per share (Basic & Diluted): (₹0.51) per share of ₹10 each
Comparison with Previous Year (FY 2024-25):
- Revenue decreased from ₹46.01 lakh to ₹9.51 lakh
- Loss after tax increased from ₹39.48 lakh to ₹49.17 lakh
- Other Comprehensive Income was positive ₹17.73 lakh in FY25 versus negative ₹39.86 lakh in FY26
Business Operations
The company made sales of ₹9,50,000 for the year ending March 31, 2026 and no sales for the year ended March 31, 2025. The company is primarily engaged in trading of mobile phones and accessories.
Key Proposals for AGM
Ordinary Business:
1. Adoption of audited financial statements for FY ended March 31, 2026
2. Reappointment of Mr. Vikas Munoth (DIN: 00769366) who retires by rotation
3. Reappointment of Mr. Bharat Munoth (DIN: 00769588) who retires by rotation
Special Business:
4. Reappointment of Mr. Jaswant Munoth as Managing Director for three years from December 1, 2026 to November 30, 2029 with remuneration of ₹2,00,000 per month plus allowances and perquisites
Management Remuneration Proposal
Mr. Jaswant Munoth's proposed remuneration package:
- Basic salary: Not exceeding ₹2,00,000 per month
- Allowances: Not exceeding 1.5 times basic salary
- Commission: Not exceeding twice the annual salary, based on performance
- Perquisites: Including rent-free accommodation, medical reimbursement, club subscriptions, company car, education allowance, etc.
- Overall ceiling: As per Section 197 of Companies Act, 2013 and Schedule V limits
Capital Structure
- Authorized Share Capital: ₹120 lakh (12,000,000 equity shares of ₹10 each)
- Issued, Subscribed and Paid-up Capital: ₹96.49 lakh (9,649,400 equity shares of ₹10 each)
- Forfeited Shares: 350,600 shares amounting to ₹3.02 lakh
Investments
Total Investments: ₹110.25 lakh (₹1,10,250.89 thousand)
Major Investments include:
- Munoth Industries Limited: ₹89.80 lakh
- Munoth Financial Services Limited: ₹18.89 lakh
- Various other equity investments
Impairment: ₹26.15 lakh recognized in value of investments
Liquidity Position
- Cash and Cash Equivalents: ₹1.22 lakh (₹121.70 thousand)
- Inventories: ₹38.38 lakh (₹3,838.31 thousand)
- Current Borrowings: ₹147.39 lakh (₹14,738.84 thousand)
- Current Ratio: 0.31 (Previous year: 0.51)
Directors and Key Management Personnel
Board Composition:
- Mr. Lalchand Munoth, Chairman (DIN: 01693640)
- Mr. Jaswant Munoth, Managing Director (DIN: 00769545)
- Mr. Bharat Munoth, Director (DIN: 00769588)
- Mr. Denil Sudesh Shah, Director (DIN: 10741855)
- Mr. Vikas Munoth, Director (DIN: 00769366)
- Ms. Ranjani Padmanabhan, Director (DIN: 01084695)
Shareholding of Directors:
- Jaswant Munoth: 195,675 shares
- Lalchand Munoth: 142,625 shares
- Bharat Munoth: 115,150 shares
- Vikas Munoth: 64,673 shares
Future Prospects
The company plans to establish a unit to assemble power banks and battery packs as the overall sale of power banks has substantially gone up after COVID-19 slowdown.
Dividend
No dividend recommended for the financial year 2025-26.
Corporate Governance
Important Dates
- Board Meeting Dates: May 30, 2025; August 14, 2025; November 14, 2025; February 6, 2026
- AGM Date: September 24, 2026
- Record Date: September 17, 2026
- E-voting Period: September 21, 2026 (9 AM) to September 23, 2026 (5 PM)