Key Financial Figures

Financial Performance (Amount in ₹ lakhs):

  • Total Income: ₹94.52 (Previous year: ₹77.60)
  • Profit before tax: ₹25.49 (Previous year: Loss of ₹9.00)
  • Tax expense: ₹4.79 (Deferred tax)
  • Net profit: ₹20.70 (Previous year: Loss of ₹9.00)
  • Earnings per share: ₹0.06 (Previous year: Loss of ₹0.02)

Financial Position as at March 31, 2026 (Amount in ₹ lakhs):

  • Total assets: ₹818.62
  • Investments: ₹748.22 (₹714.37 in previous year)
  • Trade receivables: ₹42.92 (₹47.85 in previous year)
  • Cash and cash equivalents: ₹2.19 (₹3.51 in previous year)
  • Equity share capital: ₹370.61 (unchanged)
  • Other equity: ₹333.39 (₹312.69 in previous year)
  • Short-term borrowings: ₹70.61 (₹58.39 in previous year)
  • Trade payables: ₹37.79 (₹43.47 in previous year)

Operational Highlights

  • The company recorded a 21.80% increase in total income to ₹94.52 lakhs
  • Business primarily involves trading of dairy products (milk, skimmed milk powder, ghee, butter, cheese)
  • No change in the nature of business during the year
  • Equity shares listed on BSE Limited; listing fee for 2026-27 paid
  • No dividend recommended for the year ended March 31, 2026

AGM Details

  • 43rd Annual General Meeting: September 16, 2026, at 12:30 PM through Video Conference/Other Audio Visual Means
  • Registered office deemed venue: 4, Bhima Vaitarna Complex, Sir Pochkhanwala Road, Worli, Mumbai 400030
  • Register of Members closure: September 10, 2026 to September 16, 2026 (both days inclusive)
  • E-voting period: September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26 with Board's Report and Auditors' Report

2. Re-appointment of Mrs. Sharda Manoj Kasliwal (DIN: 00345386) who retires by rotation

Special Business:

3. Approval for limits under Section 186 of Companies Act, 2013 for loans, guarantees, and investments up to ₹15,00,00,000 (₹15 crores)

Board and Management Details

Board of Directors:

  • Mr. Manoj Sumati Kumar Kasliwal (Non-Executive Director-Promoter, DIN: 00345241)
  • Mrs. Sharda Manoj Kasliwal (Non-Executive Director-Promoter, DIN: 00345386)
  • Mr. Aman Sanghvi (Non-Executive Independent Director, DIN: 05354322)
  • Mr. Neeraj Goenka (Non-Executive Independent Director, DIN: 00291367)

Key Managerial Personnel:

  • Ms. Deepti Dubey (Chief Executive Officer)
  • Mr. Rajendra Kumar Mungar (Chief Financial Officer)
  • Mrs. Mansi Birla (Company Secretary appointed w.e.f. 03.03.2026)
  • Mrs. Poonam Sharma (Company Secretary appointed w.e.f. 01.04.2025, resigned w.e.f. 04.12.2025)

Compliance and Regulatory Matters

Secretarial Audit Qualifications:

The Secretarial Audit Report by CS Dinesh Kumar Gupta noted multiple compliance issues:

1. Non-dissemination of certain information/documents on company website as required under Regulation 46(2) of SEBI LODR

2. Delayed payment of annual listing fees for FY 2025-26

3. Delayed appointment of qualified Company Secretary as Compliance Officer, resulting in BSE fine of ₹33,040 (paid on 13.06.2025)

4. Failure to submit prior intimation of Board Meeting held on 24.05.2025 in XBRL mode

5. Delayed submission of Board meeting outcome beyond 30 minutes from conclusion

6. Delayed submission of Structured Digital Database Compliance Certificate (submitted on 26.06.2025 instead of within 60 days from FY end)

7. Two out of four events captured in Structured Digital Database after close of financial year

8. Discrepancies and delayed filings in shareholding patterns for multiple quarters

9. Delayed filing of Compliance Certificate under Regulation 7(3) of SEBI LODR (filed on 29.07.2025 instead of within 30 days from FY end)

10. Delayed filing of Form BEN-2 with additional fees

Management Response to Compliance Issues:

Management attributed compliance lapses to "absolute inadvertence and owing to gap in internal office information" and stated that the website is under maintenance. They have taken steps to ensure timely compliance in future.

Legal and Tax Matters

Contingent Liabilities:

  • Income tax disputes totaling approximately ₹7.26 crores:
  • ₹3.46 crores for Assessment Year 2012-13 (appeal by department in High Court against ITAT order)
  • ₹3.58 crores for Assessment Year 2013-14 (appeal with CIT(A))
  • ₹21.99 lakhs for Assessment Year 2015-16 (appeal with CIT(A))
  • TDS not acknowledged as debt: ₹2.50 lakhs (across FY 2007-08, 2012-13, and 2015-16)

Corporate Governance

  • Board Meetings: 7 meetings held during FY 2025-26 with 100% attendance by all directors
  • Committee Meetings:
  • Audit Committee: 5 meetings
  • Nomination and Remuneration Committee: 3 meetings
  • Shareholders Grievance Committee: 4 meetings (0 complaints received)
  • Board Evaluation: Conducted as per Companies Act, 2013 and SEBI LODR requirements
  • Independent Directors' Meeting: Held on March 3, 2026

Related Party Transactions

Transactions with related parties during the year:

  • Remuneration to KMPs: ₹3.57 lakhs
  • Loans from director (Mr. Manoj Kasliwal): ₹12.22 lakhs
  • Outstanding loan from director: ₹70.61 lakhs (interest-free, repayable on demand)
  • Investment in related party (Pumarth Infrastructure Private Limited): ₹698.46 lakhs

Other Significant Information

  • Employee strength: 3 employees (2 female, 1 male)
  • No cases of sexual harassment reported during the year
  • No material changes and commitments affecting financial position between year-end and report date
  • No frauds reported by auditors under Section 143(12) of Companies Act, 2013
  • Company does not have any subsidiaries, joint ventures, or associate companies

Voting Instructions for Shareholders

Detailed instructions provided for:

  • Remote e-voting through CDSL platform (September 13-15, 2026)
  • Joining AGM through VC/OAVM
  • Process for shareholders whose email/mobile numbers are not registered
  • Appointment of scrutinizer: CS Dinesh Kumar Gupta