Company Overview

Financial Performance Summary (FY 2025-26 vs FY 2024-25)

Key Financial Figures (in lakhs):

  • Total Revenue: ₹6464.04 (Previous: ₹2875.57)
  • Total Expenses: ₹6364.28 (Previous: ₹2780.31)
  • Net Profit Before Tax: ₹99.75 (Previous: ₹95.25)
  • Tax Expense: ₹17.34 (Previous: ₹8.24)
  • Net Profit After Tax: ₹82.42 (Previous: ₹87.11)
  • Earnings Per Equity Share (Basic and Diluted): ₹2.75 (Previous: ₹2.90)
  • Number of Equity Shares: 30,00,000 (face value of ₹10 each) (Unchanged)

Operational Highlights:

  • Company recorded sales turnover of ₹24.26 crore in financial year ending March 2024 covering Coffee, Rice & Maize
  • Trading division trades in commodities such as Maize (Yellow Corn), Rice and other agro products
  • Company sources from farmers in key growing areas and suppliers to domestic and international traders

Business Operations and Developments

Core Business:

  • Established in 1984 with coffee plantations in Coorg, Madikeri district of Karnataka
  • Owns coffee plantations growing arabica and robusta varieties
  • Offers coffee blends and exquisite coffees including green coffee beans, roasted coffee beans, filter coffee & instant coffee
  • Domestic retail market products under brand name "Octavius" including tea, coffee and rice
  • Estate awarded Rainforest Alliance Certificate for sustainable agriculture practices

New Business Initiative:

  • Company announced plans to launch Octavius holiday resort as an extension of its coffee plantation business
  • Vision to create a resort blending ecotourism, luxury hospitality, and conservation efforts
  • Resort will offer immersive retreat amidst coffee plantation with luxurious accommodations and activities

Community Welfare Initiative:

  • On August 16, 2025, company visited Anganwadi center and provided support including:
  • Tables, cookers, and mats for Anganwadi center
  • Gum boots and lunch boxes for needy individuals
  • School bags for students
  • Arranged feed for cows as part of animal welfare initiative

Capital Structure and Shareholding

Share Capital:

  • Authorized Share Capital: ₹3,00,00,000
  • Issued, Subscribed and Paid Up: 30,00,000 Equity Shares of ₹10/- each fully Paid Up (Unchanged during year)

Significant Shareholders (holding more than 5%):

  • Shalini Jain: 10,13,900 shares (33.80%)
  • Akshita Jain: 2,85,000 shares (9.50%)
  • Princi Jain: 5,31,714 shares (17.72%)
  • Ekta Jain: 2,71,812 shares (9.06%)

Promoters' Shareholding:

  • Shalini Jain: 10,13,900 shares (33.80%)
  • Akshita Jain: 2,85,000 shares (9.50%)
  • Madanlall Jain: 93,615 shares (3.12%)
  • Total Promoter Holding: 13,92,515 shares (46.42%)

Board and Governance Matters

Board Composition:

  • Chairman, Executive Director: Mr. Raj Kumar Jain (DIN: 03505168)
  • Non-Executive Director: Mrs. Princi Jain
  • Independent Directors: Ms. Kanthi Priyamidathada, Mr. Anil Kumar Ravindran (DIN: 08519787)
  • CFO: Mr. Nagaraj Mramachandra Rao

AGM Resolutions:

42nd Annual General Meeting to be held on Tuesday, September 29, 2026 at 1:00 PM through video conferencing

Ordinary Business:

1. Adoption of Audited Financial Statements for year ended March 31, 2026

2. Re-appointment of Mr. Raj Kumar Jain who retires by rotation

Special Business:

3. Re-Appointment of Mr. Anil Kumar Ravindran as Independent Director for second term of five years (w.e.f. September 29, 2026 to September 28, 2031)

Director Details:

Mr. Raj Kumar Jain

  • Executive (Non-Independent) Director
  • DIN: 03505168
  • First appointed: August 31, 2016
  • Shareholding: 0 shares
  • Attendance: 9 out of 9 Board meetings

Mr. Anil Kumar Ravindran

  • Additional Non-Executive Independent Director
  • DIN: 08519787
  • First appointed: August 27, 2021
  • Shareholding: NIL
  • Attendance: 0 out of 9 Board meetings (appointed during year)

Regulatory and Compliance Information

Auditors:

  • Statutory Auditors: M/s V. Singhi & Associates, Chartered Accountants (Firm Registration No.: 311017E)
  • Secretarial Auditor: Mr. Suprabhat Chakraborty, Company Secretary in Practice (ACS No. 41030)
  • Internal Auditors: M/s. Ravinder K Goyal, Chartered Accountant (Firm Registration Number: 013997N)

Bankers:

  • SBI and Indian Bank

Registrars and Transfer Agents:

M/s Abhipra Capital Limited, A-387, Abhipra Complex, Dilkhush Industrial Area, GT Karnal Road, Azadpur Delhi 110033

Audit Qualifications and Observations

Statutory Auditors' Qualified Opinion:

Auditors issued qualified opinion citing:

1. Company has not presented ageing schedule and related disclosures for Capital Work-in-Progress (₹189.96 lakh) as required under Schedule III

2. Company has not obtained actuarial valuation for gratuity and defined employee benefit obligations (recognized provision of ₹0.14 lakh based on management estimate)

3. Company has not assessed impact of notified new Labour Codes on employee benefit obligations

4. Bearer plants and biological assets not accounted for in accordance with Ind AS 16 and Ind AS 41 respectively

Secretarial Audit Observations:

1. Independent directors have not cleared online self-assessment proficiency test

2. BSE imposed penalty of ₹2000 under Regulation 34 of SEBI (LODR) Regulations, 2015

3. Various forms filed with additional fees: DPT-3 (SRN AB5450026), MGT-15 (SRN AB9962017), MGT-14 (SRN AB8713456)

Key Financial Position Details (as at March 31, 2026)

Assets:

  • Property, Plant and Equipment: ₹126.18 lakh
  • Capital Work-in-Progress: ₹189.96 lakh
  • Biological Assets: ₹7.25 lakh
  • Inventories: ₹926.37 lakh
  • Trade Receivables: ₹834.14 lakh
  • Cash and Cash Equivalents: ₹15.24 lakh
  • Loans (Interest Bearing): ₹278.00 lakh
  • Loans (Non-Interest Bearing): ₹50.00 lakh

Liabilities:

  • Borrowings (Secured): ₹2034.53 lakh
  • Trade Payables: ₹363.47 lakh
  • Vehicle Loan: ₹79.58 lakh

Equity:

  • Equity Share Capital: ₹300.00 lakh
  • Securities Premium: ₹338.57 lakh
  • Retained Earnings: ₹1346.38 lakh

Other Material Information

Dividend:

No dividend recommended during financial year 2025-26 to strengthen financial position and enhance reserve base.

Corporate Social Responsibility:

Company not required to constitute CSR Committee under Section 135(1) of Companies Act, 2013 for FY 2025-2026.

Related Party Transactions:

All transactions with related parties were in ordinary course of business and on arm's length basis, approved by Audit Committee.

Subsidiaries and Associates:

Company does not have any holding, subsidiary, joint venture or associate companies as per Companies Act, 2013.

Voting Arrangements for AGM:

  • Remote e-voting period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: September 22, 2026
  • Scrutinizer: Mr. Vijay Jain, Practicing Company Secretary (Vijay Jain & Co.)