AGM Details

The 34th Annual General Meeting will be held on Tuesday, September 15, 2026 at 4:00 PM IST through videoconferencing (VC) or other audio-visual means (OAVM).

Remote E-voting Details

The remote e-voting period will commence from Saturday, September 12, 2026 at 9:00 AM IST and end on Monday, September 14, 2026 at 5:00 PM IST. Members holding shares as on the cut-off date of Tuesday, September 8, 2026 may cast their vote by remote e-voting.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY 2025-26 with reports of Board of Directors and Auditors

2. To appoint director in place of Mr. Ramchandra Joshi (DIN: 00231568) who retires by rotation

Special Business:

3. To re-appoint Mr. Pradeep Katyal (DIN: 10727156) as Independent Director for second term of five years from August 9, 2026 to August 8, 2031

4. To re-appoint Mrs. Sharada Iyer (DIN: 03357928) as Independent Director for second term of five years from August 9, 2026 to August 8, 2031

5. To appoint Mr. Saikiran Saladi (DIN: 06958710) as Independent Director for term of two years from August 7, 2026 to August 6, 2028

6. To re-appoint Mrs. Nanita A Motiani as Whole Time Director for period of two years effective April 1, 2027 to March 31, 2029 with monthly salary of ₹5,00,000 and discretionary bonus up to ₹12 lakhs per annum

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

  • Revenue from operations: ₹12,188.22 lakhs vs ₹11,169.23 lakhs (9.12% growth)
  • Other Income: ₹383.32 lakhs vs ₹257.53 lakhs
  • Total Income: ₹12,571.55 lakhs vs ₹11,426.76 lakhs
  • Total Expenses: ₹11,609.75 lakhs vs ₹12,315.22 lakhs
  • Profit/(Loss) Before Tax: ₹961.80 lakhs profit vs (₹888.46) lakhs loss
  • Profit from discontinued operations (after tax): ₹1,802.69 lakhs vs ₹1,868.68 lakhs
  • Profit for the period: ₹2,529.02 lakhs vs ₹1,187.02 lakhs
  • EPS Basic/Diluted: ₹31.73 vs ₹14.89

Capital Structure

  • Authorized Share Capital: ₹15,00,00,000 divided into 1,50,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up capital: ₹7,96,99,020 divided into 79,69,902 equity shares of ₹10 each
  • Post buyback paid-up capital: ₹6,86,99,020 divided into 68,69,902 equity shares (after buyback of 11,00,000 shares)

Buyback Details

The Company completed buyback of 11,00,000 fully paid-up equity shares at price of ₹200 per share through tender offer process for total consideration not exceeding ₹22,00,00,000. Buyback period was from April 17, 2026 to April 23, 2026 with payment made on April 30, 2026.

Director Changes

  • Mr. Ashok Murajani resigned as Independent Director effective June 18, 2026 due to medical condition
  • Ms. Dipti Ashok Motiani appointed as Chief Executive Officer effective March 1, 2026
  • Ms. Vanshika Lunia appointed as Company Secretary effective February 1, 2026 (replacing Ms. Preeti Jaiswar who resigned)
  • Mr. Saikiran Saladi appointed as Additional Director (Independent) effective August 7, 2026

Key Managerial Personnel

  • Mr. Ashok Motiani: Chairman & Managing Director
  • Mrs. Nanita Motiani: Whole Time Director
  • Mr. Sanjay Prajapati: Chief Financial Officer
  • Ms. Vanshika Lunia: Company Secretary
  • Ms. Dipti Ashok Motiani: Chief Executive Officer

Plant Location

Gat No. 598/1, Village Janori, Tal.: Dindori, Dist.: Nasik-422 206, Maharashtra, India

Statutory Auditors

M/s. FP & Associates, Chartered Accountants

Secretarial Auditor

M/s Manoj Hurkat & Associates, Practicing Company Secretary

Bankers

Axis Bank Limited

Corporate Governance

The report includes detailed Corporate Governance report with compliance certificate from practicing company secretary. The Company has complied with all mandatory requirements of SEBI Listing Regulations.

CSR Activities

The Company did not fall within applicability criteria for CSR obligation for FY 2025-26. Unspent CSR amount of ₹10,78,386 from FY 2023-24 remains for ongoing projects.

Related Party Transactions

All related party transactions were at arm's length basis. The Company appointed Ms. Dipti Ashok Motiani (related party) as CEO with member approval on February 19, 2026.

Certifications Obtained

The Company has obtained various certifications including SEDEX, Halal Certificate, FDA, APEDA RCMC, FSSAI License, Three-Star Export house status, AEO Certification, and KOSHER Certification.

Dividend

No dividend recommended for FY 2025-26 to conserve resources for future operations.