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

  • Revenue from Operations: ₹132.59 lakhs (previous year: ₹102.84 lakhs)
  • Total Revenue: ₹132.59 lakhs (previous year: ₹106.44 lakhs)
  • Total Expenses: ₹40.55 lakhs (previous year: ₹41.59 lakhs)
  • Profit Before Tax: ₹92.04 lakhs (previous year: ₹64.85 lakhs)
  • Current Tax: ₹22.56 lakhs (previous year: ₹4.54 lakhs)
  • Profit After Tax: ₹69.48 lakhs (previous year: ₹60.31 lakhs)
  • Total Comprehensive Income: ₹69.48 lakhs (previous year: ₹60.31 lakhs)

Capital Structure

  • Authorized Share Capital: ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹10,00,00,000 divided into 1,00,00,000 equity shares of ₹10 each
  • Authorized Capital Increased: To ₹16,00,00,000 divided into 1,60,00,000 equity shares of ₹10 each w.e.f 27th April, 2026 (post year-end)

Fundraising Activity

  • Preferential Warrant Issue: 60,00,000 Convertible Warrants at ₹20 per warrant approved on 26th March, 2026
  • Allotment Date: 13th May, 2026
  • Total Funds Raised: ₹12,00,00,000
  • Conversion Terms: Each warrant convertible into one equity share of ₹10 face value with ₹10 premium

Board of Directors (as on 31st March, 2026)

  • Mr. Pawan Kumar Mittal (Non-Executive Director)
  • Mrs. Reshma Karan Morani (Independent Director)
  • Mr. Sandipbhai Patel (Independent Director)
  • Mr. Mahesh Dhanavade (Independent Director)
  • Mrs. Harshita Tiwari (Independent Director)
  • Mr. Nilesh Prafulbhai Thakkar (Independent Director)

Key Managerial Personnel

  • Mrs. Deepika Vaid - Company Secretary (appointed 05.12.2025)
  • Mr. Mukesh Laxman Sharma - Chief Financial Officer (appointed 29.04.2026)
  • Mrs. Jenisha Het Shah - Chief Executive Officer (appointed 13.02.2026, resigned 13.06.2026)

Management Changes During FY 2025-26

1. Resignation of Mr. Ramkumar Singh as CEO effective 29.07.2025

2. Resignation of Mrs. Anita Chougule as Company Secretary and Compliance Officer effective 30.09.2025

3. Appointment of Mrs. Deepika Vaid as Company Secretary and Compliance Officer effective 05.12.2025

4. Appointment of Mrs. Jenisha Het Shah as CEO effective 13.02.2026

5. Appointment of Mr. Nilesh Prafulbhai Thakkar as Independent Director effective 13.02.2026

6. Appointment of Mrs. Reshma Karan Morani as Independent Director effective 13.02.2026

7. Resignation of Mr. Mukesh Laxman Sharma as Non-Executive Director effective 13.02.2026

8. Resignation of Mr. Suhas Somkant Niphadkar as CFO effective 24.02.2026

9. Appointment of Mr. Mukesh Laxman Sharma as CFO effective 29.04.2026

10. Resignation of Mrs. Jenisha Het Shah as CEO effective 13.06.2026

45th Annual General Meeting Details

  • Date: 30th September, 2026
  • Time: 12:00 P.M.
  • Venue: Through Video Conferencing at "METRO GRILL"
  • Record Date: 23rd September, 2026

AGM Agenda Items

Ordinary Business:

1. Adoption of audited standalone financial statements for FY 2025-26

2. Reappointment of Mr. Pawan Kumar Mittal (DIN: 00749265) as director retiring by rotation

3. Appointment of M/s. Parth R. Shah And Co. (FRN: 153846W) as Statutory Auditors for 5 years

Special Business:

4. Appointment of M/s. A. Ankita & Associates as Secretarial Auditors for 5 years

Auditor Information

  • Statutory Auditor: M/s. Parth R. Shah And Co. (FRN: 153846W)
  • Secretarial Auditor: M/s. Ankur Gandhi & Associates
  • Internal Auditor: M/s S.K. Goel & Associates

Auditor Reports

  • Statutory Auditor: Issued unmodified opinion on standalone financial results for quarter and year ended 31st March, 2026
  • Secretarial Auditor: No qualifications in Secretarial Audit Report (Form MR-3)
  • Emphasis of Matter: Company has not made provision for gratuity of employees, non-compliance with Accounting Standard-15

Shareholding Pattern

  • Mr. Pawan Kumar Mittal: 22,33,614 shares (22.34%)
  • Kiran Mittal: 6,19,026 shares (6.19%)
  • Dematerialized Holdings: 99.04% of paid-up capital
  • Physical Holdings: 0.06% of paid-up capital

Corporate Governance

  • Corporate Governance provisions under Regulation 15(2) of SEBI LODR not applicable due to paid-up capital ≤ ₹10 crore and net worth ≤ ₹25 crore
  • Company maintains adequate internal control systems and risk management framework

Other Key Information

  • Corporate Office: 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad - 380006
  • Bankers: IDFC Bank, South Indian Bank
  • RTA: Skyline Financial Services Private Limited
  • Listed on: BSE Limited and Metropolitan Stock Exchange of India Limited
  • RBI Registration: 14.01024 (registered as NBFC on 10th August, 1998)

Dividend

No dividend recommended for FY 2025-26 as company requires funds for business operations and working capital deficiencies.