Key Financial Figures (FY 2025-26)

  • Sales: ₹2202.77 lakh (FY25: ₹309.69 lakh)
  • Total Income: ₹2202.77 lakh (FY25: ₹311.30 lakh)
  • Profit Before Tax: ₹23.87 lakh (FY25: ₹1.00 lakh)
  • Net Profit After Tax: ₹23.87 lakh (FY25: ₹1.46 lakh)
  • EPS: ₹0.39 (FY25: ₹0.02)
  • Share Capital: ₹607.75 lakh (unchanged from FY25)
  • Other Equity: ₹(588.65) lakh (FY25: ₹(612.53) lakh)

Capital Structure & Financial Position

  • Total Assets: ₹332.09 lakh (FY25: ₹383.50 lakh)
  • Current Assets: ₹309.24 lakh (includes inventories ₹232.29 lakh, trade receivables ₹60.53 lakh)
  • Non-current Liabilities: ₹116.89 lakh (borrowings)
  • Current Liabilities: ₹196.11 lakh (includes trade payables ₹192.75 lakh)

Auditor Changes

  • Resignation: M/s. S K Bhavsar & Co., Chartered Accountants resigned as statutory auditors effective 12th August 2026
  • Replacement: M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W) appointed as statutory auditors
  • Tenure: Recommended for 5-year term from conclusion of 32nd AGM until 36th AGM in 2032

Board and Management Changes

During FY26:

  • Mr. Dhairya Bharatbhai Shah appointed as Managing Director (23/07/2025)
  • Ms. Manali Rajeshbhai Patel appointed as Non-Executive Director (23/07/2025)
  • Mr. Santoshkumar Hardwari resigned as Managing Director and CFO (23/07/2025)
  • Mr. Rahul Parmar and Mr. Harpalsinh Parmar appointed as Independent Directors (29/07/2025)
  • Ms. Sweta Rasikbhai Panchal resigned as Independent Director (28/07/2025)
  • Mr. Umesh Parghi appointed as CFO (13/08/2025)
  • Ms. Shvetalben Sagarbhai Dataniya and Mr. Jaydeep Bakul Shah resigned as directors
  • Mr. Akash Bharatkumar Parmar appointed as Managing Director (27/02/2026)

Post FY26:

  • Ms. Pooja Jain appointed as Company Secretary cum Compliance Officer (15/04/2026)

Annual General Meeting Details

32nd AGM Date: Wednesday, 30th September 2026 at 11:00 AM

Venue: Registered Office at 315/B Block, Sakar-9, Beside old Reserve Bank of India, Ashram Road, Near City Gold, Navrangpura, Ahmedabad

Agenda Items:

1. Adoption of audited standalone financial statements for FY26

2. Re-appointment of Ms. Manali Rajeshbhai Patel (DIN: 11196600) who retires by rotation

3. Appointment of M/s. M A A K & Associates as statutory auditors to fill casual vacancy

4. Appointment of M/s. M A A K & Associates as statutory auditors for 5 years

5. Appointment of Mr. Akash Bharatkumar Parmar as Managing Director for 5 years

Shareholder Information

  • Record Date: Register of Members and Share Transfer Books closed from 24th to 30th September 2026
  • E-voting Period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Scrutinizer: M/s. Dharti Patel & Associates, Practicing Company Secretary
  • RTA: Bigshare Services Private Limited

Key Operational Highlights

  • Business: Trading of Agriculture goods and Commodity & Agri Materials
  • Subsidiaries: None
  • Dividend: No dividend recommended for FY26
  • Capital Reduction: Application for capital reduction against accumulated losses pending NCLT approval
  • Internal Auditor: Not appointed during FY26 (non-compliance noted)

Auditor Qualifications

Statutory auditors highlighted several concerns in their report:

  • Lack of balance confirmations and reconciliations for trade receivables/payables
  • Non-appointment of internal auditor for entire FY26
  • No MSME classification of trade payables
  • Unconfirmed advances to suppliers
  • Unverified loans without supporting documentation

Risk Factors

  • Working capital intensive business
  • Global economic uncertainties
  • Regulatory risks
  • Foreign exchange volatilities (though minimal exposure)
  • Higher interest rates

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