Key Financial Figures (₹ in lakhs)

  • Operating Income: 16,700.07 (FY25: 12,898.07) - 29.48% increase
  • Other Income: 10.65 (FY25: 14.41)
  • Profit Before Depreciation, Exceptional Items: 638.58 (FY25: 505.47)
  • Depreciation: 84.49 (FY25: 68.77)
  • Profit Before Tax: 505.67 (FY25: 422.96)
  • Profit After Tax: 367.67 (FY25: 329.96)
  • Basic & Diluted EPS: ₹4.23 (FY25: ₹3.86)
  • Share Capital: 937.28 (FY25: 855.28)
  • Total Equity: 2,996.61 (FY25: 2,261.65)

Business Segment Performance

  • Stearic Acids & Other Non-Edible Oils Division: Sales of ₹16,006 lakhs (FY25: ₹11,917.30 lakhs)
  • Knitwear Division: Sales of ₹694.07 lakhs (FY25: ₹980.77 lakhs) - 29.23% decrease
  • Total Employees: 143 personnel

Annual General Meeting Details

  • 44th AGM Date: Monday, September 28, 2026
  • Time: 11:00 A.M.
  • Venue: Registered Office at Momnabad Road, Village Akbarpura, Ahmedgarh, Sangrur, Punjab 148021
  • Register of Members closure: September 23-28, 2026

Ordinary Business Agenda

1. Adoption of Audited Financial Statements for FY 2025-26

2. Reappointment of Mr. Ritesh Arora (DIN: 00080156) who retires by rotation

Special Business Agenda

3. Ratification of remuneration payable to Cost Auditor (Verma Khushwinder & Co.) for FY 2026-27 at ₹45,000 plus applicable taxes

4. Reappointment of Mr. Ritesh Arora as Managing Director for period 14.12.2026 to 13.12.2031 with revised remuneration:

  • Salary: ₹5,00,000/month till 31.03.2027, then ₹7,50,000/month w.e.f. 01.04.2027 with 7% annual increment
  • Perquisites including medical reimbursement, LTC, electricity bill up to ₹50,000/month, maintenance fee up to ₹15,000/month, gratuity, car and telephone facilities

5. Revision in remuneration of Mr. Rijul Arora (DIN: 07477956), Wholetime Director for period 01.10.2026 to 30.09.2029:

  • Salary: ₹5,00,000/month w.e.f. 01.04.2027 with 7% annual increment
  • Perquisites including medical reimbursement, LTC, electricity bill up to ₹25,000/month, maintenance fee up to ₹10,000/month, gratuity, car and telephone facilities

Capital Structure Changes

  • Preferential allotment of 820,000 equity shares to promoters on January 30, 2026 at ₹46.23 per share (including premium of ₹36.23 per share)
  • Total proceeds: ₹379.086 lakhs utilized for reduction/repayment of credit facilities
  • Shares credited to demat accounts on April 3, 2026 and listed at BSE from April 15, 2026
  • Post-issue share capital: ₹937.28 lakhs (93,72,822 shares of ₹10 each)
  • Dematerialization status: 73.33% of equity share capital

Board of Directors

  • Chairman-cum-Managing Director: Sh. Ritesh Arora
  • Wholetime Director & CFO: Sh. Rijul Arora
  • Independent Directors: Mrs. Kajal Rai, Ms. Komal Kathuria, Mrs. Sharon Arora
  • Company Secretary: Ms. Neha Chhabra

Auditor Appointments

  • Statutory Auditors: M/s. Ashok Shashi & Co. (FRN: 13258N) appointed until 2029 AGM
  • Secretarial Auditors: M/s. Bhambri & Associates appointed for FY 2025-26 to 2029-30
  • Internal Auditor: CA Keshav Madaan reappointed for FY 2026-27
  • Cost Auditors: M/s. Verma Khushwinder & Co. (FRN 000469) appointed for FY 2025-26 and reappointed for FY 2026-27

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Key transactions include:

  • Purchases from Octave Apparels: ₹284.58 lakhs
  • Sales to Octave Apparels: ₹54.66 lakhs
  • Director remuneration: ₹90.00 lakhs to Mr. Ritesh Arora and Mr. Rijul Arora
  • Loans taken from directors during year: ₹405.00 lakhs
  • Loans repaid to directors during year: ₹474.00 lakhs

Shareholding Pattern (as on March 31, 2026)

  • Promoters/Promoters Group: 43.05% (36,81,947 shares)
  • Public: 56.95% including Body Corporates (4.96%), NRIs (2.10%), and Others (49.89%)
  • Top shareholders: Ritesh Arora (19.32%), Rijul Arora (19.52%), Roopica Arora (9.19%)

Important Disclosures

  • No dividend declared for FY 2025-26 due to meager profits
  • No material changes affecting financial position between year-end and report date
  • No proceedings under Insolvency and Bankruptcy Code, 2016
  • No fraud reported by auditors to Audit Committee or Board
  • All applicable accounting standards followed properly
  • Adequate internal financial controls in place
  • Corporate governance provisions became applicable after May 21, 2026 when net worth crossed threshold

Voting Arrangements

  • E-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: September 22, 2026
  • Scrutinizer: Mr. Ansh Bhambri, Company Secretary in practice
  • Results to be declared within 48 working hours of AGM conclusion

Bankers & Registrars

  • Bankers: ICICI Bank
  • Registrar & Share Transfer Agent: Skyline Financial Services Private Limited, New Delhi