AGM Details

The 47th Annual General Meeting will be held on Wednesday, September 16, 2026, at 11:00 a.m. IST through Video Conference/Other Audio-Visual Means.

Key AGM Dates:

  • Cut-off date for members entitled to receive Notice: Friday, August 21, 2026
  • Cut-off date for e-voting eligibility: Wednesday, September 9, 2026
  • Remote e-voting period: September 12, 2026 (9:00 a.m.) to September 15, 2026 (5:00 p.m.)
  • Register of Members and share transfer books closed: September 10-16, 2026

Financial Performance FY 2025-2026

Revenue: ₹7,973.79 lakh (previous year: ₹4,748.38 lakh)

Profit before Depreciation, Interest & Tax: ₹733.05 lakh (previous year: ₹364.52 lakh)

Depreciation: ₹195.52 lakh (previous year: ₹87.59 lakh)

Finance Cost: ₹394.02 lakh (previous year: ₹258.12 lakh)

Net profit before Tax: ₹143.51 lakh (previous year: ₹18.81 lakh)

Provision for Tax: ₹82.62 lakh (previous year: ₹76.46 lakh)

Net profit after tax: ₹60.90 lakh (previous year: loss of ₹57.64 lakh)

Other Comprehensive Income: (₹3.16) lakh (previous year: (₹8.55) lakh)

Total comprehensive Income: ₹57.74 lakh (previous year: loss of ₹66.19 lakh)

No dividend declared for FY 2025-2026 (previous year: nil)

Order Book Position:

  • As of March 31, 2026: ₹40 crore
  • As of August 1, 2026: ₹72 crore (with ₹69 crore for delivery within current FY)

AGM Resolutions

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Ashok Kumar Kanodia (DIN: 00002563) who retires by rotation

Special Business:

3. Approval of Material Related Party Transaction with Victora Stock-Invest Private Limited

  • For obtaining unsecured loan(s) up to aggregate value of ₹30,00,00,000 (₹30 crore)
  • Valid from date of 47th AGM until next AGM
  • Interest rate: 10% per annum, payable quarterly
  • Unsecured nature, no collateral required
  • Purpose: Working capital requirements, capex, debt reduction, general corporate purposes
  • Debt to Equity Ratio: Before transaction 1.73, After transaction 3.75*
  • Debt Service Coverage Ratio: Before transaction 1.07, After transaction 0.34

4. Approval of Material Related Party Transaction with Victura Technologies Private Limited

  • For transactions including purchase/sale of goods, services, job work arrangements up to ₹25 crore
  • Valid from date of 47th AGM until next AGM
  • Repetitive and ongoing transactions in ordinary course of business
  • Arm's length basis

5. Approval for Sale/Disposal of Noida Land and Building

  • Property at Plot No. 10 & 11, Block-D, Sector-3, Noida, Gautam Budh Nagar, Uttar Pradesh
  • Area: Approximately 4,732.23 square meters
  • To be sold to non-related parties
  • Consideration not less than valuation by independent registered valuer
  • Proceeds to be used for working capital, capex, debt reduction, general corporate purposes
  • Requires special resolution under Section 180(1)(a) of Companies Act, 2013 and Regulation 37A of Listing Regulations

Operational Highlights

  • Revenue growth of nearly 68% driven by manufacturing orders and demand for precision machined components and telescopic masts
  • Order book provides healthy revenue visibility for current financial year
  • Initiated phased shifting of operations from Noida facility to leasehold manufacturing facility at Ballabhgarh, Faridabad
  • Ballabhgarh Facility: Plot area ~8,000 Sq. Mt. with >8,000 Sq. Mt. constructed space
  • Mast production capacity expected to increase to 4,000 masts per annum from current 1,200
  • Approval of Telescopic Mast Systems by overseas defence customer following product evaluation
  • Company revised its reportable operating segment from "Telecom" to "Defence" effective FY 2026-27

Board and Committee Composition

Board of Directors:

  • Mr. Ashok Kumar Kanodia (Executive Chairman)
  • Mr. Nikhil Kanodia (Managing Director)
  • Mr. Amitbir Singh Banga (Non-Executive Director)
  • Ms. Preeti Grover (Independent Director)
  • Mr. Deepto Roy (Independent Director)
  • Mr. Dinesh Kumar Batra (Independent Director)

Audit Committee:

  • Mr. Dinesh Kumar Batra (Chairperson)
  • Ms. Preeti Grover (Member)
  • Mr. Deepto Roy (Member)

Stakeholders Relationship Committee:

  • Ms. Preeti Grover (Chairperson)
  • Mr. Dinesh Kumar Batra (Member)
  • Mr. Amitbir Singh Banga (Member)

Nomination and Remuneration Committee:

  • Ms. Preeti Grover (Chairperson)
  • Mr. Dinesh Kumar Batra (Member)
  • Mr. Amitbir Singh Banga (Member)

Key Managerial Personnel

  • Mr. Ashok Kumar Kanodia, Executive Chairman
  • Mr. Nikhil Kanodia, Managing Director
  • Mr. Manmohan Singh, Chief Financial Officer (appointed w.e.f. May 30, 2025)
  • Mr. Punit Amarpalsingh Bajaj, Company Secretary and Compliance Officer (appointed w.e.f. August 6, 2025)

Registrar & Transfer Agent

Skyline Financial Services Pvt. Ltd., D-153/A First Floor, Okhla Industrial Area, Phase - I, New Delhi - 110 020

Corporate Office

D-10 & 11, Sector-3, Gautam Budh Nagar, Noida-201301, (U.P.)

Plant Locations

1. Noida: D-10 & 11, Sector-3, Gautam Budh Nagar, Noida-201301, Uttar Pradesh

2. Ballabgarh: Plot No. 1142-1145, Sector 58, Faridabad-121004, Haryana

Compliance Status

  • No material changes and commitments affecting financial position between year-end and report date
  • No change in nature of business during financial year
  • No deposits accepted during the year under review
  • No subsidiary/joint venture/associate companies
  • No instances of fraud reported by Statutory Auditors
  • No significant material orders passed by regulators/courts impacting going concern status

Share Capital Details

Authorized Share Capital: ₹20,00,00,000 (2,00,00,000 equity shares of ₹10 each)

Paid-up Share Capital: ₹13,84,87,620 (1,38,48,512 equity shares of ₹10 each + ₹2,500 forfeited shares)

Listing: Bombay Stock Exchange (Code: 517258)

Foreign Exchange Transactions

Earnings: ₹1,730.92 lakh (previous year: ₹811.83 lakh)

Outgo: ₹152.38 lakh (previous year: ₹225.64 lakh)

Total: ₹1,883.30 lakh (previous year: ₹1,037.47 lakh)

Employee Strength

Total number of employees as on March 31, 2026: 162

Median remuneration: ₹4,83,696

Percentage increase in median remuneration: 0.77%

Corporate Governance

  • Compliance with SEBI Listing Regulations and Companies Act, 2013
  • Adequate Internal Financial Controls in place
  • Vigil Mechanism/Whistle Blower Policy implemented
  • Policy on Prevention of Sexual Harassment at Workplace in place
  • No complaints received regarding sexual harassment during FY 2025-26

E-voting Arrangements

  • National Securities Depository Limited (NSDL) appointed as e-voting agency
  • Mr. Yogesh Saluja appointed as Scrutinizer for e-voting process
  • Detailed instructions provided for remote e-voting and joining AGM through VC/OAVM