AGM Details

The 43rd Annual General Meeting will be held on Tuesday, 29 September 2026 at 10:30 AM through Video Conferencing/Other Audio-Visual Means. The deemed venue is the Registered Office at 310-311, The Avenue, Marol, Andheri East, Mumbai 400059.

Key Dates

  • Relevant Date/Cut-off date for voting: Tuesday, 22 September 2026
  • Book Closure Date: 23 September 2026 to 29 September 2026 (both days inclusive)
  • E-Voting Commencement: Friday, 25 September 2026 at 09:00 AM
  • E-Voting End: Monday, 28 September 2026 at 05:00 PM

Business Items

Ordinary Business:

1. Adoption of Standalone Financial Statements for FY 2025-26

2. Adoption of Consolidated Financial Statements for FY 2025-26

3. Re-appointment of Mr. Paras Navinchandra Bhojani (DIN: 07079341) as Director

Special Business:

4. Appointment of M/s. Ajay Kumar & Co., Practicing Company Secretaries as Secretarial Auditor for 5 years from conclusion of 43rd AGM to conclusion of 48th AGM at remuneration of ₹50,000 per annum for FY 2026-27 plus applicable taxes and out-of-pocket expenses.

Financial Performance Highlights

Standalone (₹ lakhs):

  • Revenue from Operations: ₹60.00 (FY25: ₹127.07)
  • Other Income: ₹29.38 (FY25: ₹1.92)
  • Total Income: ₹89.38 (FY25: ₹128.99)
  • Profit Before Tax: (₹3.52) (FY25: ₹27.54)
  • Profit After Tax: ₹5.06 (FY25: ₹38.15)

Consolidated (₹ lakhs):

  • Total Income: ₹93.75
  • Profit Before Tax: (₹8.86)
  • Profit After Tax: (₹8.86)

Share Capital Changes

The Company forfeited 2,26,50,000 equity shares allotted to shareholders of Welldone Integrated Services Private Limited (WISPL) and Marvelous Vickyfoods Private Limited (MVPL) due to their failure to discharge obligations under Share Purchase Agreements. This reduced the paid-up capital from ₹48.84 crore to ₹26.19 crore.

Subsidiary Information

Golden-Valley Treasure Park Private Limited (formerly Windfield Spaces Private Limited) became a subsidiary during the year. The Company's stake was diluted to 33% during FY 2025-26 but it retained management control, hence consolidated as a subsidiary.

Regulatory Compliance Issues

As per Secretarial Audit Report, the Company had delays in:

  • Appointment of Company Secretary & Compliance Officer
  • Filing Annual Secretarial Compliance Report for FY 2024-25 (filed 26-Jun-2025 vs due date 30-May-2025)
  • Filing Audited Financial Results for Q4 and FY 2024-25 (filed 20-Jun-2026 vs due date 30-May-2025)
  • Filing Related Party Transactions disclosure for H2 FY 2024-25 (filed 20-Jun-2026 vs due date 30-May-2025)

The Company paid applicable SOP fines for these delays.

Auditor Appointments

  • Statutory Auditors: M/s. ARCK & Co., Chartered Accountants (continuing for 5-year term)
  • Secretarial Auditors: M/s. Sachin Singh & Associates (appointed to fill casual vacancy during FY 2025-26); Recommended M/s. Ajay Kumar & Co. for 5-year term from 43rd AGM
  • Internal Auditors: M/s. Motilal & Associates LLP

Dividend and Reserves

No dividend declared for FY 2025-26. No amount transferred to reserves.

Corporate Governance

The Board met 10 times during FY 2025-26. The Company has complied with corporate governance requirements except for the reported delays in filings.

Key Management Personnel

  • Mr. Rakeshkumar Mishra: Chief Financial Officer
  • Mr. Anand Jain: Whole-time Director
  • Ms. Rajshree Chimbaikar: Company Secretary & Compliance Officer (as of document date)

Voting Arrangements

E-voting facility provided through NSDL. Members can vote remotely during 25-28 September 2026 or during the AGM through VC/OAVM.