AGM Details

  • Meeting Date: Wednesday, 30th September 2026 at 02:00 PM IST
  • Venue: Registered Office at SP-825, Road No. 14, Vishwakarma Industrial Area, Jaipur-302013
  • Record Date: 23rd September 2026 for voting eligibility
  • Book Closure: 24th September 2026 to 30th September 2026 (both days inclusive)
  • E-voting Period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM) through CDSL

Business Resolutions

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026

2. Re-appointment of Mr. Avinash Bajoria (DIN: 01402573) as Director liable to retire by rotation

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

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) |

| Revenue from Operations | 0.00 | 0.00 |

| Other Income | 114.50 | 91.60 |

| Total Income | 114.50 | 91.60 |

| Operating Cost | 221.17 | 206.53 |

| Finance Cost | 3.06 | 4.07 |

| Depreciation & Amortization | 29.20 | 28.46 |

| Loss Before Tax | (138.93) | (147.46) |

| Tax Expense | (37.44) | (61.09) |

| Loss After Tax (Continuing) | (101.49) | (86.37) |

| Loss After Tax (Discontinued) | 0.00 | (24.53) |

| Total Comprehensive Loss | (101.24) | (103.07) |

Operational Status

  • Manufacturing operations at Jaipur unit remain closed since 9th December 2022 due to sustained operational losses
  • No production or trading activity during FY 2025-26
  • Substantial plant and machinery disposed of to reduce interest costs and settle creditors
  • Company exploring new business opportunities, in process of appointing consultants
  • Financial statements prepared on going concern basis despite material uncertainty

Capital Structure

  • Authorized Capital: ₹700.00 lakhs (70,00,000 equity shares of ₹10 each)
  • Issued & Subscribed Capital: ₹336.16 lakhs (33,61,595 equity shares of ₹10 each)
  • Paid-up Capital: ₹336.16 lakhs (33,61,595 equity shares of ₹10 each)
  • No change in capital structure during the year

Key Audit Matters & Qualifications

Statutory Auditors M/s SR Goyal & Co. issued qualified opinion with following observations:

1. MSME Dues: Interest payable under MSMED Act, 2006 on overdue amounts to micro and small enterprises not ascertained or provided for

2. Balance Confirmations: Trade payables, financial assets, advances, loans given, interest receivable, and unsecured loans taken subject to confirmation and consequential adjustments

3. Related Party Advances: Loans & advances include ₹230.50 lakhs receivable from related parties without formal agreements or repayment terms, recoverability uncertain

4. Deferred Tax Assets: Company recognized deferred tax assets of ₹650.76 lakhs (including on carried-forward losses) based on expected future taxable profits, but auditors unable to comment on carrying value given history of losses and no operational segment

5. Material Uncertainty: Closed manufacturing operations and continued losses indicate material uncertainty that may cast significant doubt on going concern status

Board and Committee Composition

Directors as on 31st March 2026:

  • Mr. Avinash Bajoria (Chairman cum Managing Director)
  • Mrs. Preetanjali Bajoria (Whole-time Director)
  • Ms. Avanti Bajoria (Non-Executive Non-Independent Director)
  • Mr. Girdhari Lal Sharma (Independent Director)
  • Mr. Ramawatar Yadav (Independent Director, appointed 06/08/2025)

Changes during year:

  • Mr. Dhiresh Bansilal Soni ceased as Independent Director on 14th September 2025

Key Managerial Personnel:

  • Mr. Avinash Bajoria (CMD)
  • Mrs. Preetanjali Bajoria (WTD)
  • Mr. Ram Awtar Sharma (CFO)
  • Ms. Neha Dusad (Company Secretary)

Committee Meetings Held:

  • Audit Committee: 4 meetings (20/05/2025, 06/08/2025, 12/11/2025, 09/02/2026)
  • Nomination & Remuneration Committee: 1 meeting (06/08/2025)
  • Stakeholders Relationship Committee: 4 meetings
  • Board Meetings: 5 meetings held during FY 2025-26

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to reserves

Corporate Governance

  • Compliance report on corporate governance does not form part of annual report

Related Party Transactions

  • All transactions entered in ordinary course of business at arm's length
  • Details provided in Note 39 to financial statements
  • No material significant transactions with potential conflict of interest

Employee Statistics

  • Total Employees: 11 (9 Male, 2 Female, 0 Transgender)
  • Median Remuneration: ₹4,42,910
  • Average Salary Increase: 2.27% for non-managerial personnel
  • No complaints under Sexual Harassment of Women at Workplace Act, 2013

Other Disclosures

  • Secretarial Auditor: M/s MSV & Associates issued unqualified report
  • Internal Auditor: M/s S.S. Surana & Co.
  • Registrar & Share Transfer Agent: Beetal Financial & Computer Services Pvt. Ltd.
  • Listing: Equity shares listed on BSE Limited (Annual listing fee paid for 2026-27)
  • Bankers: Central Bank of India, Kotak Mahindra Bank
  • Green Initiative: Documents sent electronically to registered email addresses

Forward-Looking Statements

Company is in process of appointing consultant for setting up new business/project. Board will keep members updated on material developments in this regard.