Board of Directors (as of March 31, 2026)

  • Mr. Bhavik Bhimjyani - Chairman & Managing Director (appointed w.e.f. 21.04.2026)
  • Mr. Yogesh Dawda - Chairman & Wholetime Director (resigned w.e.f. 21.04.2026)
  • Mrs. Asha Dawda - Non-Executive Woman Director
  • Mrs. Sangeeta Kumar - Independent Director
  • Mr. Devidas Jayram Shejul - Independent Director (appointed w.e.f. 20.03.2026)
  • Mr. Yogesh Thakker - Independent Director (resigned w.e.f. 20.03.2026)

Key Managerial Personnel

  • Chief Financial Officer: Mr. Ajinkya Gade (appointed w.e.f. 27.06.2025)
  • Chief Executive Officer: Mr. Yogesh Dawda (resigned w.e.f. 21.04.2026)
  • Company Secretary & Compliance Officer: Ms. Mahima Shah (resigned w.e.f. 20.06.2026)

Financial Highlights (₹ in Lakh)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from operations | 327.99 | 494.08 |

| Other income | 59.69 | 1.14 |

| Total Income | 387.68 | 495.22 |

| EBITDA | 65.39 | 16.48 |

| Finance costs | 6.87 | 4.35 |

| Depreciation | 15.36 | 11.36 |

| Profit before tax | 43.16 | 0.77 |

| Current Tax | 7.00 | - |

| Deferred Tax | 11.41 | - |

| Profit for the year | 24.76 | 0.77 |

| Other Comprehensive Income | 0.01 | (0.09) |

| Total Comprehensive Income | 24.76 | 0.68 |

Operational Performance

The company achieved total revenue of ₹387.68 lakh compared to ₹495.22 lakh in the previous year. Net profit after tax was ₹24.76 lakh compared to profit of ₹0.68 lakh in the previous financial year.

Business Activities

The company is primarily engaged in trading of commodities, mainly rice. The company is exploring new business opportunities in real estate and construction business and has invested significant amount in real estate business.

Share Capital

As on March 31, 2026, the paid-up share capital was ₹4,35,90,000 (43,59,000 equity shares of ₹10 each). No change occurred in authorized, issued, subscribed or paid-up share capital during the year.

Dividend

No dividend was recommended for the financial year 2025-26 to conserve resources for future requirements.

AGM Details

The 46th Annual General Meeting will be held on September 21, 2026 at 11:15 AM IST through Video Conferencing/OAVM. The ordinary business includes:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mrs. Asha Y. Dawda who retires by rotation

Key Ratios

| Ratio | FY 2025-26 | FY 2024-25 | % Change |

| Debtors Turnover | 2.66 | 2.93 | (9%) |

| Inventory Turnover | 0.64 | 1.26 | (49%) |

| Interest Coverage Ratio | 7.28 | 1.18 | 517.40% |

| Current Ratio | 13.17 | 12.43 | 6% |

| Debt Equity Ratio | 0.04 | 0.04 | 6% |

| Operating Profit Margin (%) | (2.95) | 0.81 | (463.06%) |

| Net Profit Margin (%) | 6.38 | 0.16 | 3892.90% |

| Return on Net Worth | 2.55% | 0.08% | 3075% |

Auditors

  • Statutory Auditors: M/S Pathak H.D. & Associates LLP (appointed till 47th AGM)
  • Secretarial Auditor: M/S HRU & Associates
  • Internal Auditor: Mr. Rashmikesh Panigrahi, Bhasin Hota & Co.

Corporate Governance

As the company's paid-up equity share capital (₹4.36 crore) and net worth were below threshold limits, corporate governance provisions under SEBI LODR Regulations were not applicable.

Related Party Transactions

No material related party transactions were reported during the financial year under Section 188 of the Companies Act, 2013.

Contingent Liabilities

  • ₹59.73 lakh - Legal dispute with M/s Aurosimon (pending in Supreme Court)
  • ₹3.53 lakh - Disputed service tax liability
  • ₹6.31 lakh - Disputed income tax liability

Segment Reporting

The company operates primarily in the Agro segment (trading mainly in rice) which contributed ₹327.99 lakh to total revenue.

Employee Strength

The company had 2 permanent employees as of March 31, 2026. Median employee remuneration was ₹7,01,167.

ESOP and Share Capital Changes

No ESOPs were granted, no shares with differential voting rights issued, and no buyback of securities during the year.

Bankers

  • State Bank of India
  • ICICI Bank

Registrars and Share Transfer Agents

MUFG Intime India Private Limited

Important Dates

  • Book Closure: September 15, 2026 to September 21, 2026
  • Cut-off Date for AGM: September 14, 2026
  • Remote e-voting Period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)