Financial Highlights (₹ in thousands)

  • Income: Nil for FY26 (Nil for FY25)
  • Other Income: Nil for FY26 (Nil for FY25)
  • Expenditure: ₹828.37 for FY26 (₹810 for FY25)
  • Profit/Loss before Tax: (₹828.37) for FY26 ((₹810) for FY25)
  • Tax Expenses: Nil for FY26 (Nil for FY25)
  • Profit/Loss after Tax: (₹828.37) for FY26 ((₹810) for FY25)
  • Balance Brought Forward: (₹17,81,213) for FY26 ((₹17,80,403) for FY25)
  • Balance Carried Over: (₹17,82,041) for FY26 ((₹17,81,213) for FY25)
  • Earnings Per Share (EPS): (₹0.03) basic and diluted for both FY26 and FY25

Annual General Meeting Details

  • Date: Wednesday, 9th September 2026
  • Time: 10:00 AM
  • Mode: Video Conferencing/Other Audio Visual Means (Virtual)
  • Venue: Registered Office deemed as venue (Wescare Towers, 3rd Floor, 16, Cenotaph Road, Teynampet, Chennai 600 018)

Ordinary Business

1. Adoption of Audited Financial Statements for year ended 31st March 2026 and Reports of Directors and Auditors (Ordinary Resolution)

2. Reappointment of Mr. Meleveettil Padmanabhan (DIN: 00101997) who retires by rotation (Ordinary Resolution)

Special Business

3. Reappointment of Mr. V Sriraman (DIN: 00207480) as Wholetime Director for 3 years from 18th May 2026 to 17th May 2029 with nil remuneration and no sitting fees (Ordinary Resolution)

4. Reappointment of Mr. K S M Rao (DIN: 02096588) as Independent Director for second term of five consecutive years (Special Resolution)

Capital Structure

  • Authorized Share Capital: ₹4,50,00,000 divided into 4,50,00,000 equity shares of ₹10 each
  • Paid-up Capital: ₹2,68,13,830 divided into 2,68,13,830 equity shares of ₹1 each (after reduction from ₹26,81,38,300)
  • Shareholding Pattern: Promoters (2.48%), NRI (7.06%), Bodies Corporate (17.65%), Institutions (7.46%), Others (65.35%)
  • Dematerialization Status: 99.82% shares dematerialized (NSDL: 45.12%, CDSL: 54.70%, Physical: 0.18%)

Key Operational Updates

  • Company reported no operational revenue during FY26
  • Continued efforts to revive business but without success
  • Effective cost cutting measures being implemented
  • No employees except Wholetime Director and Company Secretary
  • No fixed deposits accepted from public

Director Appointments and Remuneration

  • Mr. V Sriraman: Wholetime Director with nil remuneration
  • Sitting Fees Paid to Non-Executive Directors: ₹5,000 per director (Total ₹25,000)
  • Board Meetings: 5 meetings held during FY26
  • Committee Meetings: Audit Committee (5), Nomination and Remuneration Committee (1), Stakeholders Relationship Committee (1)

Regulatory and Compliance Matters

  • Statutory Auditors: M/s. SVSR & Associates (FRN: 014139S) appointed for 5 years from 28th AGM to 33rd AGM
  • Secretarial Auditor: Mr. B. Prabhakar, Practicing Company Secretary appointed for 5 years from FY25-26 to FY29-30
  • Internal Auditor: M/s DURV and Associates LLP
  • Contingent Liability: Notice under Section 226(3) of Income Tax Act for TDS arrears of ₹94,09,129 under dispute
  • Listing Fees: Not paid to Bombay and National Stock Exchanges for over twelve years

Corporate Governance

  • Compliance with SEBI Listing Regulations and Companies Act, 2013
  • Whistle Blower Policy and Vigil Mechanism in place
  • Code of Conduct for Directors and Management Personnel
  • Insider Trading Code as per SEBI Regulations

Shareholder Information

  • Book Closure: Thursday 3rd September to Wednesday 9th September 2026 (both days inclusive)
  • E-Voting Period: Saturday 5th September 2026 (9:00 AM) to Tuesday 8th September 2026 (5:00 PM)
  • Cut-off Date: Wednesday 2nd September 2026
  • Scrutinizer: M/s Rengarajan and Associates, Practicing Company Secretaries
  • No Dividend: Not recommended due to losses
  • Unpaid Dividend: No dividend due for transfer to IEPF

Other Disclosures

  • Related Party Transactions: No specific contracts/arrangements under Section 188 of Companies Act
  • Loans and Advances: Outstanding loans from related parties including Trusted Aerospace Engineering Pvt Ltd (₹9,81,18,162), Anukrith Securities Pvt Ltd (₹1,47,54,537), and Director Mr. V Sriraman (₹1,43,37,632)
  • Going Concern: Financial statements prepared on going concern basis despite losses
  • CSR: Not applicable to the company

Market Data

  • BSE: High ₹1.90, Low ₹1.14 during FY26
  • NSE: High ₹2.05, Low ₹1.14 during FY26