Key Quantitative Figures
- Revenue for FY 2025-26: ₹132.76 lakh (Previous year: ₹466.21 lakh)
- Profit/(Loss) before Tax: ₹(1201.68) lakh (Previous year: ₹43.70 lakh profit)
- Net Profit/(Loss) after Tax: ₹(1202.18) lakh (Previous year: ₹35.54 lakh profit)
- Paid-up Equity Share Capital: ₹3.00 crore consisting of 3,00,00,000 Equity Shares of ₹1 each
- Authorized Share Capital: ₹5.20 crore (proposed to be increased to ₹55.00 crore)
- Borrowings Limit Sought: ₹50.00 crores
- Loans/Guarantees Limit Sought: ₹50.00 crores
Dates of Action
- AGM Date: August 11, 2026 at 3:00 PM IST
- Record Date: August 4, 2026
- Book Closure: August 5, 2026 to August 11, 2026 (both days inclusive)
- E-voting Period: August 8, 2026 (9:00 AM) to August 10, 2026 (5:00 PM)
- Board Meetings Held: 6 meetings during FY 2025-26 (May 30, August 14, September 6, November 14, 2025; January 23, February 14, March 20, 2026)
Parties Involved
Board of Directors:
- Mrs. Vandana Singh (Independent Director)
- Mr. Sandeep Gaur (Whole-time Director)
- Mr. Brindaban Kar (Non-Executive Director)
- Mr. Dhiraj Kr. Das (Independent Director)
Key Managerial Personnel:
- Ms. Shruti Poddar (Company Secretary & Compliance Officer)
- Mr. Arun Das (Chief Financial Officer)
Auditors:
- M/s. G P Sharma & Co. LLP (Current Statutory Auditors)
- M/s. Bihari Shah & Co. (Proposed Statutory Auditors, FRN: 119020W)
- Ms. Isha Bothra (Proposed Secretarial Auditor, ACS No. A27531)
Bankers: Union Bank of India
RTA: Purva Sharegistry (India) Pvt. Ltd.
Resolutions Proposed for AGM Approval
Ordinary Business:
1. Adoption of Audited Financial Statements for FY 2025-26
2. Re-appointment of Mr. Brindaban Kar (DIN: 11493860) as Director retiring by rotation
Special Business:
3. Appointment of M/s. Bihari Shah & Co. as Statutory Auditors for 5 years at remuneration of ₹0.75 lakh plus taxes for FY 2026-27
4. Re-designation of Mr. Sandeep Gaur as Chairman & Managing Director for 3 years (July 1, 2026 to June 30, 2029) with salary not exceeding ₹12 lakh per annum
5. Appointment of Ms. Isha Bothra as Secretarial Auditor for 5 years at remuneration not exceeding ₹50,000 per year
6. Borrowing limits approval up to ₹50.00 crores under Section 180(1)(c)
7. Approval for loans/guarantees to related parties up to ₹50.00 crores under Section 185
8. Approval for investments/loans/guarantees beyond normal limits up to ₹50.00 crores under Section 186
9. Increase in Authorized Share Capital from ₹5.20 crore to ₹55.00 crore
10. Adoption of new Articles of Association
Financial and Operational Impact
- No dividend declared due to losses incurred during the year
- Significant board reconstitution with multiple director changes effective January 23, 2026
- Investments in Partnership Firm: Mark Developers (99% share) with investment of ₹282.44 lakh
- Loan Assets: ₹614.68 lakh in unsecured loans considered good
- Inventory Valuation: ₹0.36 lakh (finished goods)
- Trade Receivables: ₹120.78 lakh
- Cash & Cash Equivalents: ₹18.71 lakh
Capital Structure Impact
- Current Share Capital: 3,00,00,000 equity shares of ₹1 each
- Proposed Increased Authorized Capital: 55,00,00,000 equity shares of ₹1 each
- No dilution mentioned as the increase is for authorized capital only
Cash Flow Implications
- Net Cash Flow from Operating Activities: ₹(277.99) lakh
- Net Cash from Investing Activities: ₹(242.00) lakh
- Net Cash from Financing Activities: ₹530.01 lakh
- Net Increase in Cash: ₹10.02 lakh
Forward-looking Information
- The company plans future expansion requiring additional borrowing capacity
- Strategic business objectives include long-term growth in both realty and investment segments
- No specific financial guidance or projections provided in the document