Key Financial Figures (Standalone)

  • Total Income: ₹7,271.98 lakh (FY26) vs ₹6,516.08 lakh (FY25) - 11.6% increase
  • Revenue from Operations: ₹7,107.84 lakh (FY26) vs ₹6,515.93 lakh (FY25) - 9.1% increase
  • Profit Before Tax: ₹1,216.19 lakh (FY26) vs ₹1,113.50 lakh (FY25) - 9.22% increase
  • Net Profit After Tax: ₹877.05 lakh (FY26) vs ₹797.53 lakh (FY25) - 10.0% increase
  • Basic & Diluted EPS: ₹4.18 (FY26) vs ₹3.80 (FY25)
  • Shareholders' Funds: ₹6,636.03 lakh (FY26) vs ₹5,758.97 lakh (FY25)
  • Reserves & Surplus: ₹4,538.53 lakh (FY26) vs ₹3,661.47 lakh (FY25)
  • Debt-Equity Ratio: 0.11 (FY26) vs 0.23 (FY25)
  • Current Ratio: 7.18 (FY26) vs 4.61 (FY25)

Significant Events During FY 2025-26

1. Management Changes: Mr. Kasim Hans resigned as Company Secretary and Compliance Officer on 14th March 2026. Ms. Tanushi Goyal appointed as Company Secretary and Compliance Officer effective 10th April 2026.

2. Strategic Investment: Acquired 34,995 equity shares (23.4% stake) in Harekrishna Rubber Industries Private Limited for ₹374.94 lakh on 10th September 2025.

3. Debt Repayment: Fully repaid long-term bank borrowings, reducing debt-equity ratio significantly.

8th Annual General Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: 12:00 noon
  • Mode: Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Venue: Registered Office at Office no 104, Maker Chamber V, Nariman Point, Mumbai
  • Business:
  • Adoption of audited standalone and consolidated financial statements for FY 2025-26
  • Re-appointment of Mr. Abhijeet Oza (DIN: 06584315) as director retiring by rotation

Corporate Governance Structure

Board of Directors:

  • Mr. Karan Bora (Managing Director, DIN: 08244316)
  • Mr. Abhijeet Oza (Director & CFO, DIN: 06584315)
  • Ms. Shruti Rambhia (Independent Director, DIN: 09796654)
  • Mr. Brandon Almeida (Independent Director, DIN: 09815693)

Board Committees:

  • Audit Committee: Ms. Shruti Rambhia (Chairperson), Mr. Brandon Almeida, Mr. Karan Bora
  • Stakeholders Relationship Committee: Ms. Shruti Rambhia (Chairperson), Mr. Karan Bora
  • Nomination and Remuneration Committee: Ms. Shruti Rambhia (Chairperson), Mr. Karan Bora, Mr. Brandon Almeida
  • CSR Committee: Mr. Brandon Almeida (Chairman), Ms. Shruti Rambhia, Mr. Karan Bora

Dividend Policy

No dividend declared for FY 2025-26. Board decided to plough back profits into business for strengthening financial position.

CSR Activities

  • CSR Expenditure: ₹17.55 lakh spent against requirement of ₹17.52 lakh
  • Beneficiaries: Pumpkin House for Children Trust (₹6.55 lakh) and Rya Madras Metro Trust (₹11.00 lakh)
  • Focus Areas: Education for underprivileged children and hunger eradication

Registrar and Transfer Agent

Bigshare Services Private Limited, Mumbai

Key Operational Highlights

  • Business: Manufacturing and selling pyrolysis oil and carbon (substitute for coal) from plastic waste
  • Product Portfolio: PlasEco (pyrolysis oil), carbon black, processed scrap trading
  • Facility: Vikramgad manufacturing plant
  • Market Position: Fourth consecutive year of profitable growth in pyrolysis business

Related Party Transactions

Transactions with related parties including Mr. Karan Bora (loan transactions, reimbursements) and Harekrishna Rubber Industries (purchases, payments) totaling ₹945.43 lakh during FY26.

Capital Structure

  • Authorized Share Capital: ₹24,00,00,000 divided into 2,40,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹20,97,50,000 divided into 2,09,75,000 equity shares of ₹10 each
  • Promoter Holding: Mr. Karan Bora holds 65.36% (13,709,025 shares)

Forward Looking Statements

The report contains cautionary statements about forward-looking information, noting that actual results may differ materially from expectations due to various factors including market conditions, regulatory changes, and economic factors.