AGM Details
The 37th Annual General Meeting will be held on Tuesday, 29th September, 2026 at 11:30 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) at the registered office at 18, R.N. Mukherjee Road, 3rd Floor, Kolkata-700001.
Business to be Transacted
ORDINARY BUSINESS:
1. To receive, consider and adopt the Audited Financial Statements for FY ended 31st March 2026 with Reports of Directors and Auditors
2. To appoint Mr. Debabrata Das Choudhary (DIN: 07479334) who retires by rotation and offers himself for re-appointment
SPECIAL BUSINESS:
3. Re-appointment of Mr. Sushil Patwari (DIN: 00023980) as Executive Director designated as Chairman for 5 years from 1st October 2026 to 30th September 2031 in non-remunerative capacity
4. Re-appointment of Mr. Mahendra Ishwarlal Patwari (DIN: 00024002) as Whole-time Director for 5 years from 1st July 2027 to 30th June 2032 with specified remuneration terms
5. Approval for continuation of payment of remuneration to Mr. Mahendra Ishwarlal Patwari exceeding threshold limits prescribed under Companies Act and SEBI LODR Regulations, not exceeding ₹5 crores
6. Ratification of remuneration of ₹90,000 plus taxes to M/s. V. J. Talati & Co. as Cost Auditors for FY 2026-27
Financial Performance Highlights (FY 2025-26)
- Revenue from Operations: ₹51,118.02 lakhs (Previous year: ₹52,886.29 lakhs)
- Other Income: ₹135.40 lakhs (Previous year: ₹84.91 lakhs)
- Total Income: ₹51,253.42 lakhs (Previous year: ₹52,971.20 lakhs)
- Profit Before Tax: ₹406.78 lakhs (Previous year: ₹401.42 lakhs)
- Profit After Tax: ₹306.20 lakhs (Previous year: ₹316.47 lakhs)
- Total Comprehensive Income: ₹569.27 lakhs (Previous year: ₹675.25 lakhs)
- No dividend recommended for the year to improve liquidity for working capital requirements
Share Capital Changes
- Authorized Share Capital increased from ₹20 crore to ₹35 crore at EGM on 24.06.2025
- Further increased from ₹35 crore to ₹50 crore at EGM on 18.12.2025
- Paid-up Equity Share Capital: ₹1,562.98 lakhs (3,12,49,250 equity shares of ₹5 each plus 10,300 forfeited shares)
Director Changes during FY 2025-26
- Mr. Debabrata Das Choudhary appointed as Whole-time Director from 25th May 2026 to 24th May 2031
- Mr. Pawan Kishore Harlalka reappointed as Non-Executive Independent Director for 2nd term from 1st October 2025 to 30th September 2030
- Mr. Tushar Jhunjhunwala reappointed as Non-Executive Independent Director for 2nd term from 28th September 2025 to 27th September 2030
- Ms. Priya Saraf appointed as Additional Non-Executive Independent Woman Director from 20th August 2025
- Mrs. Surabhi Sanganeria resigned as Non-Executive Independent Director effective 26th September 2025
Key Managerial Personnel Changes
- Mrs. Monika Kedia resigned as Company Secretary cum Compliance Officer effective 14.03.2026
- Mrs. Ranu Dey Talukdar appointed as Company Secretary cum Compliance Officer effective 29.05.2026
Corporate Governance
- Board comprises 8 Directors (4 Independent including 1 woman Independent Director)
- Board held 8 meetings during FY 2025-26
- All committees (Audit, Stakeholders' Relationship, Nomination and Remuneration, CSR) functional and met regularly
- Company has adopted Code of Conduct for Directors and Senior Management
Other Material Information
- 99.55% of equity share capital is in dematerialized form
- Company has banking relationships with Canara Bank, Punjab National Bank, State Bank of India, Indian Bank, and Karnataka Bank
- Plants located at Kolhapur, Maharashtra
- Remote e-voting period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM) through NSDL
- Record date for AGM: 22nd September 2026
- Book closure: 23rd September 2026 to 29th September 2026