Key Quantitative Figures

  • Revenue from Operations: ₹1,999.59 lakh (FY25: Nil)
  • Other Income: ₹101.51 lakh (FY25: ₹123.01 lakh)
  • Total Income: ₹2,101.10 lakh (FY25: ₹123.01 lakh)
  • Total Expenses: ₹2,077.75 lakh (FY25: ₹81.68 lakh)
  • Profit Before Tax: ₹23.35 lakh (FY25: ₹41.33 lakh)
  • Tax Expense: ₹6.90 lakh (FY25: ₹10.53 lakh)
  • Profit After Tax: ₹16.45 lakh (FY25: ₹30.80 lakh)
  • Earnings Per Share: ₹0.19 basic and diluted (FY25: ₹0.36)
  • Net Worth: ₹1,027.85 lakh (FY25: ₹1,011.40 lakh)
  • Paid-up Share Capital: ₹864.60 lakh (86,45,965 equity shares of ₹10 each)
  • Authorized Share Capital: ₹1,025.00 lakh (1,02,50,000 equity shares of ₹10 each)

Dates of Action

  • AGM Date: 25th September 2026 at 12:30 PM through VC/OAVM
  • Record Date: 18th September 2026
  • Share Transfer Book Closure: 19th September 2026 to 25th September 2026
  • E-voting Period: 22nd September 2026 (9:00 AM) to 24th September 2026 (5:00 PM)
  • Financial Year: 1st April 2025 to 31st March 2026

Parties Involved

Board of Directors & KMP:

  • Mr. Naishadh Dineshbhai Modi - Chairman cum Managing Director and CFO (DIN: 06538916)
  • Mr. Chirag Kirtikumar Shah - Executive Director (DIN: 08111288)
  • Mr. Pradip Sudhakarbhai Birewar - Non-Executive Director (DIN: 10672246)
  • Mr. Manthan Gumansinh Thakor - Independent Director (DIN: 11356766)
  • Mrs. Lata Gaurav Kimtani - Independent Director (DIN: 11754072)
  • Ms. Seema Gupta - Company Secretary and Compliance Officer

Auditors:

  • M/s. H S K & Co. LLP - Statutory Auditors
  • CS Alpana Sethia - Secretarial Auditor

Other Service Providers:

  • Purva Sharegistry (India) Pvt. Ltd. - Registrar & Share Transfer Agent
  • HDFC Bank, Ahmedabad - Banker

Business Changes and Impact

Change in Business Nature:

The company changed its line of business from entertainment to agricultural commodities trading after approval at AGM held on 30th September 2025 and MCA approval on 4th November 2025. The new business includes wholesale trading of:

  • Agricultural and food products
  • Energy drinks and other beverages
  • Processed agricultural produce, fruits, vegetables and their by-products

Change of Name:

Company name changed from "Purple Entertainment Limited" to "Purple Agrotech Industries Limited" effective 4th November 2025.

Registered Office Shift:

Shifted from 30-B, Third Floor, Ajanta Complex, Ashram Road, Ahmedabad to B-301 Titanium City Centre, Near Sachin Towers, 100 Feet Road, Anandnagar Road, Satellite, Ahmedabad with effect from 4th November 2025.

AGM Agenda Items

Ordinary Business:

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

2. Re-appointment of Mr. Chirag Kirtikumar Shah as Director retiring by rotation

Special Business:

3. Regularization of Mr. Pradip Sudhakarbhai Birewar as Non-Executive, Non-Independent Director

4. Regularization of Mrs. Lata Gaurav Kimtani as Independent Director for 5 years (3rd June 2026 to 2nd June 2031)

5. Regularization of Mr. Manthan Gumansinh Thakor as Independent Director for 5 years (4th November 2025 to 3rd November 2030)

6. Appointment of Mr. Naishadh Dineshbhai Modi as Managing Director and CFO for 5 years from 14th November 2025 at remuneration up to ₹12,00,000 per annum

7. Ratification of certificate from M/s Kamlesh Bhojani & Associates for compliance with Regulation 45(3) of SEBI LODR

Financial Performance Analysis

FY26 vs FY25 Comparison:

  • Revenue from operations: ₹1,999.59 lakh vs Nil (new business segment)
  • Other income: ₹101.51 lakh vs ₹123.01 lakh (decrease due to lower interest income)
  • Employee benefits expense: ₹9.40 lakh vs ₹4.43 lakh
  • Finance costs: ₹44.21 lakh vs ₹54.99 lakh
  • Depreciation: ₹0.11 lakh vs Nil
  • Other expenses: ₹31.97 lakh vs ₹22.26 lakh

Key Financial Ratios:

  • Current Ratio: 5.49 (FY25: 8.27)
  • Debt-to-Equity Ratio: 0.87 (FY25: 0.86)
  • Return on Equity: 0.02 (FY25: 0.03)
  • Debt Service Coverage Ratio: 1.37 (FY25: 0.25)

Regulatory and Compliance Matters

SEBI Order:

SEBI imposed penalty of ₹50 lakh and 4-year restraint period vide Order No. WTM/AS/IVD-2/ID16/32460/2026-27 dated 30th June 2026. Company has filed appeal with Securities Appellate Tribunal on 17th August 2026.

Audit Qualifications:

Statutory auditors noted:

  • Company did not use accounting software with audit trail feature until 1st October 2025
  • No internal audit system established as required under section 138 of Companies Act 2013
  • Delay in appointment of CFO (appointed 14th November 2025) and Company Secretary (appointed 3rd February 2026)
  • Delay in recording entries in Structured Digital Database for UPSI sharing

Secretarial Audit Observations:

CS Alpana Sethia reported:

  • Non-appointment of internal auditor
  • Delay in appointment of CFO and Company Secretary
  • Non-compliance with SEBI LODR Rule 6 regarding timely appointment of compliance officer
  • Delay in recording UPSI sharing in Structured Digital Database
  • SEBI penalty order

Capital Structure Impact

Share Capital:

  • No change in paid-up capital during FY26
  • 86,45,965 equity shares of ₹10 each outstanding
  • DEALMONEY COMMODITIES PRIVATE LIMITED holds 761,814 shares (8.81%)

Loans and Borrowings:

  • Non-current borrowings: ₹697.38 lakh
  • Current borrowings: ₹198.87 lakh
  • Loans and advances given: ₹597.03 lakh

Cash Flow Implications

  • Net cash flow from operating activities: (₹496.65) lakh
  • Net cash flow from investing activities: ₹1,050.67 lakh
  • Net cash flow from financing activities: (₹22.29) lakh
  • Net increase in cash and cash equivalents: ₹531.73 lakh
  • Cash and cash equivalents at year-end: ₹589.73 lakh

Dividend Policy

No dividend recommended for FY26 considering present financial status. Dividend Distribution Policy available on company website.

Material Changes Post Balance Sheet Date

No subsequent events requiring disclosure or adjustments in the financial statements noted except the SEBI order and appeal filing.

Governance and Compliance

Board Composition:

5 directors including 2 independent directors and 1 woman independent director

Committee Structure:

  • Audit Committee: Mrs. Jalpaben Nirav Joshi (Chairman), Mr. Manthan Gumansinh Thakor, Mr. Naishadh Dineshbhai Modi
  • Nomination and Remuneration Committee: Mr. Manthan Gumansinh Thakor (Chairman), Mrs. Jalpaben Nirav Joshi, Mr. Pradip Sudhakarbhai Birewar
  • Stakeholders Relationship Committee: Mr. Pradip Sudhakarbhai Birewar (Chairman), Mr. Naishadh Dineshbhai Modi, Mr. Manthan Gumansinh Thakor

Board Meetings:

10 board meetings held during FY26 with attendance ranging from 5 to 9 directors