Company and Document Details

Meeting Details

The 32nd Annual General Meeting is scheduled to be held on Saturday, September 19, 2026 at 11:00 a.m. at the Registered Office of the Company: Radhe Acres, Block No. 220, 226 & 227, B/h. Applewoods Township, Shela, Ahmedabad - 380058, Gujarat, India.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.

2. To appoint Mr. Alok Vaidya (DIN: 00101864) who retires by rotation and being eligible, offers himself for reappointment as a director.

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

  • Total Revenue: ₹1124.36 lakh (vs ₹768.59 lakh) - 46.3% increase
  • Profit Before Tax (PBT): ₹342.75 lakh (vs ₹145.33 lakh) - 135.8% increase
  • Taxation: ₹18.40 lakh (vs ₹10.74 lakh)
  • Net Profit After Tax (PAT): ₹324.35 lakh (vs ₹134.60 lakh) - 141.0% increase
  • Other Comprehensive Income: (₹0.07) lakh (vs (₹7.76) lakh)
  • Total Comprehensive Income: ₹324.42 lakh (vs ₹142.36 lakh) - 127.9% increase
  • Balance carried to Balance Sheet: ₹1529.87 lakh (vs ₹815.79 lakh)

Capital Structure Changes

Preferential Allotment:

  • Allotted 2,51,39,620 equity shares of face value ₹1 each at ₹2.55 per share to Mr. Ashish Patel, Promoter
  • Aggregate value: ₹6,41,06,031
  • Approval: Board meeting (November 24, 2025) and EGM (December 26, 2025)
  • BSE in-principle approval: January 27, 2026
  • Allotment completed: February 02, 2026
  • Listing approval: February 13, 2026
  • Trading approval: February 26, 2026

Share Capital as at March 31, 2026:

  • Authorized Capital: 100,00,00,000 shares of ₹1 each = ₹100,00,00,000
  • Issued/Subscribed and Paid-up Capital: 54,88,81,540 shares of ₹1 each = ₹54,88,81,540

Dividend and Reserves

  • No dividend recommended for FY 2025-26 to conserve resources
  • Total Comprehensive Income of ₹324.42 lakh transferred to reserves and surplus

Board Composition and Changes

Directors as on March 31, 2026:

  • Mr. Ashish Patel - Managing Director & CEO
  • Ms. Jahnavi Patel - Non-Executive Director
  • Mr. Alok Vaidya - Non-Executive Director (retiring by rotation)
  • Mr. Nirav Patel - Independent Director
  • Mr. Dineshsingh Kshatriya - Independent Director
  • Mr. Rajendra Patel - Independent Director

Changes During the Year:

  • Appointments: Mr. Dineshsingh Kshatriya (from July 2, 2025) and Mr. Rajendra Patel (from July 28, 2025) as Independent Directors
  • Resignation: Mr. Tushar Patel resigned as Independent Director (effective May 29, 2025)
  • Term Conclusion: Mr. Bharat Pandya ceased to be Independent Director (effective March 31, 2026) upon completion of tenure

Key Managerial Personnel:

  • Mr. Ashish Patel - Chief Executive Officer
  • Mr. Pranav Patel - Chief Financial Officer
  • Mrs. Khyati Patel - Company Secretary & Compliance Officer

Corporate Governance

  • Eight Board meetings held during FY 2025-26
  • All directors attended at least 6 out of 8 meetings
  • Declaration received from all Independent Directors confirming compliance with independence criteria
  • Board evaluation framework implemented with structured questionnaires
  • All recommendations of Audit Committee accepted by Board

Statutory Auditors:

  • M/s. S. Parth & Co., Chartered Accountants (FRN: 154463W)
  • Appointed to fill casual vacancy from August 11, 2025
  • Approved by members at 31st AGM (September 23, 2025) for 5-year term
  • Audit fee: ₹1.17 lakh for FY 2025-26
  • Unqualified audit report with no adverse remarks

Secretarial Auditors:

  • M/s. Jalan Alkesh & Associates, Company Secretaries (FCS No. 10620)
  • Appointed for 5-year term from 31st AGM till 36th AGM
  • Unqualified secretarial audit report

Internal Auditors:

  • M/s. Kishan Tilva & Company, Chartered Accountants
  • Reappointed for FY 2026-27

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 49.69% (27,27,24,653 shares)
  • Public: 46.93% (25,76,13,996 shares)
  • Dematerialized Holdings: 98.31%
  • Physical Holdings: 1.69%
  • Top Shareholders: Jahnavi Patel (25.70%), Ashish Patel (23.82%), Udaybhai Dineshchandra Bhatt (6.90%)

Key Ratios (FY 2025-26 vs FY 2024-25)

  • Current Ratio: 0.99 (vs 0.97)
  • Debt Equity Ratio: 0.43 (vs 0.58)
  • Operating Profit Margin: 38.02% (vs 32.23%)
  • Net Profit Margin: 29.20% (vs 18.59%)
  • Return on Net Worth: 6.04% (vs 4.08%)
  • Inventory Turnover Ratio: 0.21 (vs 0.15)
  • Interest Coverage Ratio: 5.30 (vs 2.43)

Other Material Information

  • Book Closure: September 13, 2026 to September 19, 2026 (both days inclusive)
  • E-voting Period: September 16, 2026 (9:00 a.m.) to September 18, 2026 (5:00 p.m.)
  • Cut-off Date for E-voting: September 13, 2026
  • Scrutinizer: Alkesh Jalan, Practicing Company Secretary
  • **No material changes or commitments affecting financial position between year-end and report date
  • **No frauds reported by auditors under Section 143(12) of Companies Act, 2013
  • **No sexual harassment complaints received during the year
  • **Company has 17 employees (11 male, 6 female) as on March 31, 2026

Compliance Status

  • All applicable Secretarial Standards (SS-1 and SS-2) duly followed
  • Compliance with all SEBI Listing Regulations requirements
  • No material related party transactions in conflict with company interests
  • No pending material litigation impacting financial position
  • No deposits accepted under Section 73-76 of Companies Act, 2013
  • CSR provisions not applicable as company doesn't meet prescribed thresholds

#Tags: #RadheDevelopers #AnnualReport #SEBIDisclosure #FY2026Results #AGMNotice #RegulatoryCompliance #FinancialUpdate #Neutral