AGM Details
- Meeting Date: Wednesday, 23rd September 2026 at 11:00 AM IST
- Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Cut-off Date: Wednesday, 16th September 2026
- Remote e-voting Period: Sunday, 20th September 2026 (9:00 AM) to Tuesday, 22nd September 2026 (5:00 PM)
Business Items to be Transacted
Ordinary Business:
1. Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026
2. Re-appointment of Mr. Shreyash Vinodkumar Chaturvedi (DIN: 06393031) as Director retiring by rotation
Special Business:
3. Increase in Authorized Share Capital: From ₹14,00,00,000 to ₹40,00,00,000 by creating additional 2,60,00,000 equity shares of ₹10 each
4. Borrowing Limits Approval: Seeking member approval for borrowing up to ₹20,00,00,000 (Twenty Crore)
5. Creation of Charges: Approval for creating mortgages/charges on company assets to secure borrowings
Financial Performance (FY 2025-26)
- Income from Operations: ₹129.82 lakhs (Previous year: ₹96.17 lakhs)
- Other Expenses: ₹128.98 lakhs (Previous year: ₹26.80 lakhs)
- Profit Before Tax: ₹0.84 lakhs (Previous year: ₹69.37 lakhs)
- Current Tax Expense: ₹1.58 lakhs (Previous year: ₹17.46 lakhs)
- Current Tax Relating to Prior Years: ₹6.15 lakhs
- Deferred Tax Liability: ₹0.04 lakhs (Previous year: ₹0.03 lakhs)
- Profit After Tax: ₹5.37 lakhs (Previous year: ₹51.88 lakhs)
- EPS: ₹0.17 per share (Previous year: ₹1.69 per share)
Capital Structure
- Authorized Share Capital: ₹14,00,00,000 (1,00,00,000 equity shares of ₹10 each + 40,00,000 preference shares of ₹10 each)
- Paid-up Equity Share Capital: ₹3,07,21,000 (30,72,100 equity shares of ₹10 each)
- Proposed New Authorized Capital: ₹40,00,00,000 (3,60,00,000 equity shares + 40,00,000 preference shares)
Key Financial Positions (as at 31st March 2026)
- Cash and Cash Equivalents: ₹37.97 lakhs (Previous year: ₹227.23 lakhs)
- Loans and Advances: ₹151.00 lakhs (Previous year: ₹71.12 lakhs)
- Investments: ₹18.73 lakhs (Previous year: ₹18.73 lakhs)
- Borrowings: ₹16.94 lakhs (Previous year: ₹66.94 lakhs)
- Total Assets: ₹262.31 lakhs (Previous year: ₹318.58 lakhs)
Board and Management Details
Directors as on 01.08.2026:
- Executive Director: Mr. Shreyash Vinodkumar Chaturvedi (Managing Director)
- Non-Executive Independent Directors: Mr. Sudeb Sarbadhikary, Mr. Gurvinder Singh, Mrs. Barkha Chhabra
Key Managerial Personnel:
- CFO: Mr. Shreyash Vinodkumar Chaturvedi
- Company Secretary & Compliance Officer: Mr. Vineet Kharkwal
Regulatory Appointments
- Statutory Auditors: M/s. Rajesh Raj Gupta & Associates LLP
- Internal Auditor: Nitin Bhatia and Associates, Chartered Accountants
- Secretarial Auditor: Ms. Palak Desai, Practising Company Secretary
- RTA: M/s. Bigshare Services Pvt. Ltd.
Audit Qualifications and Observations
Statutory Auditor's Qualification:
- Unable to verify investments of ₹18.73 lakhs in shares and securities as management did not provide demat statements and related documents
Secretarial Auditor's Observation:
- Delay in filing DNBS-10 returns with RBI due to technical issues (resolved on 27 May 2026 by submitting pending returns for FY 2021-22 to FY 2025-26)
Corporate Governance
- Corporate governance provisions under Regulation 15 of SEBI LODR not applicable as paid-up capital (₹3.07 crore) and net worth (₹2.26 crore) below threshold limits
- Certificate of non-applicability of corporate governance requirements obtained from secretarial auditor
Other Significant Disclosures
- No dividend recommended for FY 2025-26
- No fixed deposits accepted from public
- No material changes in financial position between year-end and report date
- Company was suspended by BSE for non-compliance but revoked effective 12th November 2025
- No fraud reported by auditors during FY 2025-26
- No sexual harassment complaints received during the year
Voting Arrangements
- E-voting facility provided through Bigshare Services Pvt. Ltd.
- Scrutinizer: Ms. Palak Desai, Practising Company Secretary
- Results to be announced on or before 25th September 2026
Forward Looking Statement
The company emphasized commitment to transparency, accountability, long-term value creation, and focus on strengthening stakeholder trust while exploring growth opportunities in the NBFC sector.