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

Key Financial Figures (₹ in Lakhs):

  • Total Income: ₹24.50 (Previous: ₹18.38)
  • Total Expenses: ₹69.52 (Previous: ₹10.97)
  • Loss Before Tax: ₹(45.02) (Previous: Profit of ₹7.41)
  • Loss After Tax: ₹(45.02) (Previous: Profit of ₹6.15)
  • EPS (Basic & Diluted): ₹(1.04) (Previous: ₹0.14)
  • Paid-up Share Capital: ₹434.97 (Unchanged)

Operational Highlights

  • The company is engaged in the business of trading of coal with no change in nature of business during the year.
  • Total income increased to ₹24.50 lakh from ₹18.38 lakh, but performance was unsatisfactory due to significant losses.
  • Inventory of coal was scrapped during the year as it was not of saleable quality due to deterioration.
  • No foreign exchange earnings or outgo during the year.

Capital Structure

  • Authorized Share Capital: ₹25,00,00,000
  • Paid-up Share Capital: ₹4,34,96,700 (unchanged during the year)
  • No issuance of sweat equity shares, differential voting rights shares, or employee stock options
  • 91.64% of paid-up capital (39,86,149 shares) had been dematerialized as of March 31, 2026

Dividend and Reserves

  • No dividend recommended for FY 2025-26 due to losses incurred
  • No transfer to statutory reserves proposed due to losses
  • No unclaimed/unpaid dividends requiring transfer to Investor Education and Protection Fund

Board and Management Changes

Appointments (2025):

  • May 10, 2025: Mr. Arpan Singha Roy appointed as Managing Director (DIN: 10983936)
  • May 10, 2025: Mr. Sukumar Sardar appointed as Additional Non-Executive Independent Director
  • July 15, 2025: Mr. Bijay Bhagat appointed as Additional Non-Executive Director

Resignations (2025):

  • May 10, 2025: Mr. Dibbyendu Jana resigned as Director
  • July 15, 2025: Mr. Kartik Sarkar resigned as Director
  • July 15, 2025: Mr. Hanumanmal Bengani resigned as Managing Director

Current Board Composition:

  • Mr. Arpan Singha Roy: Managing Director (liable to retire by rotation)
  • Mr. Bijay Bhagat: Non-Executive Director
  • Ms. Mamta Bhansali: Non-Executive Independent Woman Director
  • Mr. Sukumar Sardar: Non-Executive Independent Director

Key Managerial Personnel

  • Mr. Arpan Singha Roy: Managing Director (remuneration: ₹6,00,000)
  • Ms. Rekha Patni: Company Secretary & Compliance Officer
  • Mr. Sanjay Kumar Bhansali: Chief Financial Officer

Corporate Governance

Committee Composition:

  • Audit Committee: Ms. Mamta Bhansali (Chairperson), Mr. Bijay Bhagat, Mr. Sukumar Sardar
  • Nomination & Remuneration Committee: Ms. Mamta Bhansali (Chairperson), Mr. Bijay Bhagat, Mr. Sukumar Sardar
  • Stakeholders Relationship Committee: Ms. Mamta Bhansali (Chairperson), Mr. Bijay Bhagat, Mr. Sukumar Sardar

Board Meetings: 6 meetings held during FY 2025-26 with maximum gap not exceeding 120 days

Auditor Appointments

  • Statutory Auditor: M/s Manish Mahavir & Co., Chartered Accountants (Firm Registration No. 324355E)
  • Internal Auditor: M/s Archana Agarwal, Chartered Accountants
  • Secretarial Auditor: Mrs. Alpana Sethia, Practicing Company Secretary

All auditors provided unmodified reports without qualifications or adverse remarks.

AGM Details

35th Annual General Meeting:

  • Date: September 30, 2026
  • Time: 12:15 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means

Business Items:

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

2. Re-appointment of Mr. Arpan Singha Roy as Director retiring by rotation

3. Appointment of Mrs. Radha Kumari (DIN: 11927326) as Non-Executive Independent Director

4. Establishment of corporate office at Kolkata

5. Authorization for investments/loans/guarantees under Section 186

6. Borrowing limits authorization under Section 180(1)(c)

E-voting Schedule:

  • Commences: September 27, 2026 at 9:00 AM
  • Ends: September 29, 2026 at 5:00 PM
  • Cut-off date: September 23, 2026

Related Party Transactions

All transactions with related parties were conducted at arm's length and in ordinary course of business. Details provided in notes to financial statements.

Risk Management

Company has a risk management framework comprising risk governance structure and defined risk management process. Risks are periodically identified and reviewed.

Internal Financial Controls

Adequate internal financial controls were in place and operating effectively as confirmed by statutory auditors.

Other Disclosures

  • No material changes or commitments after close of financial year
  • No proceedings under Insolvency and Bankruptcy Code, 2016
  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013
  • Compliance with Maternity Benefit Act, 1961 confirmed
  • Total permanent employees: 3 as of March 31, 2026