Key Quantitative Figures
- Revenue from Operations: ₹1.65 lakh (FY2026) vs ₹146.51 lakh (FY2025)
- Net Loss: ₹(520.89) lakh (FY2026) vs ₹(50.37) lakh (FY2025)
- Paid-up Equity Capital: ₹10.27 crore (10,26,90,000 equity shares of ₹1 each)
- Net Worth: ₹4.38 crore (FY2026) vs ₹9.59 crore (FY2025)
- Reserves and Surplus: ₹(5.89) crore (FY2026) vs ₹(0.68) crore (FY2025)
- FII Holding: 4.77% as of March 2026
AGM Details
- Date: Monday, September 28, 2026
- Time: 11:00 PM
- Mode: Video Conferencing/Other Audio Visual Means (OAVM)
- Record Date: September 18, 2026 (Friday)
Agenda Items
Ordinary Business
1. Adoption of Financial Statements: Audited standalone financial statements for FY ended March 31, 2026, including balance sheet, profit and loss statement, cash flow statement with directors' and auditors' reports.
2. Appointment of Statutory Auditors: Maark & Associates (FRN: 145153W) as statutory auditors for 5 years from conclusion of 43rd AGM until 48th AGM, at remuneration not exceeding ₹50,000 per quarter.
3. Re-appointment of Director: Mr. Priyesh Shantilal Jain (DIN: 00741595) as director liable to retire by rotation.
4. Appointment of Secretarial Auditor: Ms. Neha Anup Poddar, Practicing Company Secretary (Membership No. ACS 28326, COP No. 26322), as secretarial auditor for 5 years at remuneration not exceeding ₹50,000 per quarter.
Special Business
5. Omnibus Approval for Related Party Transactions: Approval for transactions with related parties for FY2026-27, with maximum aggregate value of ₹9.9 lakh per transaction (approximately 6% of FY2025-26 turnover).
Related Parties Approved:
- Socradamus Capital Private Limited (consultancy/loans)
- Socradamus Securities Private Limited (stock-broking services)
- Socradamus Wealth Advisors Private Limited (advisory services)
- Socradamus Realty Advisors Private Limited (real estate services)
- Vincent Commercial Co. Ltd. (loans)
- Bharti S. Jain (business consultancy)
- Heena B. Jain (business consultancy)
- Nicky Jain (business consultancy)
6. Appointment of Independent Director: Ms. Meenakshi Saini (DIN: 07455823) as independent director for 5 years from September 28, 2026.
7. Re-appointment of Managing Director: Mr. Bhavin Shantilal Jain (DIN: 00741604) as Chairman and Managing Director for 3 years from September 30, 2026 to September 29, 2029, at remuneration not exceeding ₹84 lakh per annum.
Financial Performance Highlights
| Particulars (₹ in crore) | FY2024 | FY2025 | FY2026 |
| Revenue from operations | 1.60 | 1.47 | 0.19 |
| Profit/(Loss) before tax | (0.27) | (0.49) | (5.23) |
| Profit/(Loss) after tax | (0.26) | (0.50) | (5.21) |
| Paid-up equity capital | 10.27 | 10.27 | 10.27 |
| Reserves and surplus | (0.18) | (0.68) | (5.89) |
| Net worth | 10.09 | 9.59 | 4.38 |
Operational Status
The company reported severely reduced operational activity due to heightened industry competition, global trade dynamics including shifting US tariff structures, and market pressures. The company is prioritizing resolution of outstanding liabilities and statutory obligations before evaluating strategic options for future business orientation.
Capital Structure Impact
No change in share capital during FY2025-26. The company has neither issued shares nor granted stock options or sweat equity shares during the year.
Cash Flow Implications
The company reported negative cash flow from operations of ₹(570.33) lakh for FY2026. The directors have not recommended any dividend for the year.
Governance Changes
- Ms. Sanjana Gupta appointed as Company Secretary and Compliance Officer effective July 25, 2025, replacing Monika Jain
- Six board meetings held during FY2025-26
- Separate meeting of independent directors held on February 11, 2026
Voting Instructions
- Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- E-voting service provider: National Securities Depository Limited (NSDL)
- Members can join AGM through VC/OAVM 15 minutes before scheduled time