Key Dates and Events

  • Annual Report Submission Date: 02nd September, 2026
  • AGM Date: Monday, 28th September, 2026 at 11:30 AM
  • AGM Mode: Video Conferencing/Other Audio Visual Means with deemed location at Registered Office (195, Walkeshwar Road, Mumbai 400 006)
  • Cut-off date for e-voting eligibility: Monday, 21st September, 2026
  • Remote e-voting period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)

Financial Performance Highlights (Standalone)

  • Operating Revenue: ₹232.63 lakhs (Previous year: ₹26.69 lakhs)
  • Other Income: ₹17.54 lakhs (Previous year: ₹18.85 lakhs)
  • Total Revenue: ₹250.17 lakhs (Previous year: ₹45.54 lakhs)
  • Total Expenses: ₹248.94 lakhs (Previous year: ₹38.57 lakhs)
  • Profit Before Tax: ₹1.24 lakhs (Previous year: ₹6.97 lakhs)
  • Net Profit After Tax: ₹1.24 lakhs (Previous year: ₹6.97 lakhs)
  • Tax Expenses: Nil (Previous year: Nil)

Financial Performance Highlights (Consolidated)

  • Operating Revenue: ₹232.63 lakhs (Previous year: ₹26.69 lakhs)
  • Other Income: ₹17.54 lakhs (Previous year: ₹18.85 lakhs)
  • Total Revenue: ₹250.17 lakhs (Previous year: ₹45.54 lakhs)
  • Total Expenses: ₹249.96 lakhs (Previous year: ₹41.52 lakhs)
  • Profit Before Tax: ₹0.21 lakhs (Previous year: ₹4.02 lakhs)
  • Net Profit After Tax: ₹0.21 lakhs (Previous year: ₹4.02 lakhs)
  • Tax Expenses: Nil (Previous year: Nil)

Business Operations Update

During FY 2025-26, the company resumed trading in yarn and other textile products and leasing of properties, in addition to continuing its existing Real Estate Development business. The company is now engaged in three major business segments:

1. Real Estate Development

2. Trading of Yarn and Other Textile Products

3. Leasing of Properties

Capital Structure

  • Paid-up Capital: ₹6,36,62,410/- comprising of 3,18,31,205 Equity Shares of ₹2 each
  • No change in capital structure during the year
  • Listing: Equity shares listed on BSE Limited (Stock Code 514197)
  • Demat Status: 81.15% of paid-up capital held in demat mode

Dividend and Reserves

  • No dividend recommended for FY 2025-26 due to carry forward losses and to conserve resources
  • No amount transferred to General Reserves during the year

Corporate Governance

  • Board comprises of 7 Directors (2 Executive, 2 Non-executive, 3 Independent)
  • Board Meetings: 5 meetings held during FY 2025-26
  • Key Managerial Personnel: Mr. Ajay Savai (Managing Director), Ms. Trishna Savai (Executive Director & CFO), Ms. Akanksha Motwani (Company Secretary & Compliance Officer appointed w.e.f 07/08/2026)
  • Board Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Finance Committee

Director Re-appointment

Mr. Dhaval Ajay Savai (DIN: 07003711) retires by rotation and is seeking re-appointment at the AGM. He holds 29,18,841 equity shares (9.17%) and has attended 100% of board meetings.

Subsidiary Information

  • Ssavai - Smart Abodes LLP: 95% subsidiary
  • Contribution: ₹1.0 lakh
  • Reserves and Surplus: (₹3.02) lakhs
  • Total Assets: ₹11.57 lakhs
  • Total Liabilities: ₹14.59 lakhs
  • Turnover: Nil
  • Profit After Tax: (₹1.02) lakhs

Auditor Appointments

  • Statutory Auditors: MLR & Associates LLP, Chartered Accountants (Firm Reg No. 138605W/W100240) - appointed until 45th AGM in 2030
  • Secretarial Auditor: M P Sanghavi & Associates LLP, Company Secretaries (Firm Reg No. L2020MH007000)

Regulatory Compliance Notes

  • Secretarial Audit Report includes qualification regarding entire promoter shareholding not held in demat mode
  • Company paid fine of ₹24,780/- for delayed filing of Statement of Investors' Grievances for quarter ended September 30, 2025
  • No material orders passed by regulators/courts impacting going concern status

Shareholding Pattern

  • Promoter Holding: Approximately 55.37% (including Ajay Savai 24.72%, Trishna Savai 11.28%, Dhaval Savai 9.17%, Sonal Savai 10.20%)
  • Distribution: 67.76% of capital held by 142 shareholders holding 10,001+ shares each

Important Policies

The company has adopted various policies including Code of Conduct, Whistle Blower Policy, Related Party Transaction Policy, Insider Trading Code, and Policy for determination of materiality of events.

Voting Arrangements for AGM

  • Remote e-voting through MUFG Intime India Private Limited
  • Detailed instructions provided for shareholders holding shares in both demat and physical form
  • Scrutinizer: FCS Pushpal Sanghavi of M P Sanghavi & Associates LLP

#Tags: #S&TCorporation #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral