Nature of the Disclosure

This is a regulatory filing pursuant to SEBI Listing Regulations 34(1) and 36(1)(b), containing the Notice of the 42nd Annual General Meeting (AGM) and the Integrated Annual Report for the financial year ended March 31, 2026 (FY25-26).

AGM Details

The Forty-Second AGM is scheduled to be held on Tuesday, September 15, 2026, at 11:30 AM IST via Video Conference/Other Audio-Visual Means. The deemed venue is the registered office at 109-A (First Floor), Surya Kiran Building, 19, Kasturba Gandhi Marg, Connaught Place, New Delhi - 110001.

Business to be Transacted

Ordinary Business:

1. To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for FY25-26 along with the Reports of the Board of Directors and Auditors.

2. To regularize the appointment of Ms. Sangeeta Harpalani (DIN: 00094706) as Executive Director and Chief Financial Officer. She was appointed as an Additional Director on August 11, 2026, and is liable to retire by rotation.

3. To regularize the appointment of Mr. Amit Kapoor (DIN: 11646219) as an Independent Director for a term of 5 years commencing from the ensuing AGM. He was appointed as an Additional Director (Independent) on August 11, 2026.

4. To regularize the appointment of Mr. Ankit Himmatsingka (DIN: 09608126) as a Non-Executive Director. He was appointed as an Additional Director on December 26, 2025, and is liable to retire by rotation.

Financial Performance Highlights (Standalone)

  • Revenue from Operations: ₹0.24 lakh (FY25: ₹0.00 lakh)
  • Other Income: ₹83.68 lakh (FY25: ₹80.66 lakh)
  • Profit Before Tax (PBT): ₹45.99 lakh (FY25: ₹60.66 lakh)
  • Tax Expense: ₹12.43 lakh (FY25: ₹14.39 lakh)
  • Net Profit: ₹33.56 lakh (FY25: ₹46.27 lakh)
  • Earnings Per Share (EPS): ₹0.39 (FY25: ₹0.53)
  • Carried Forward Balance: Retained Earnings deficit of ₹(152.36) lakh (FY25: deficit of ₹(185.92) lakh)

Financial Performance Highlights (Consolidated)

  • Revenue from Operations: ₹0.24 lakh (FY25: ₹0.00 lakh)
  • Other Income: ₹83.68 lakh (FY25: ₹80.66 lakh)
  • Profit Before Tax (PBT): ₹45.79 lakh (FY25: ₹60.55 lakh)
  • Tax Expense: ₹12.43 lakh (FY25: ₹14.39 lakh)
  • Net Profit: ₹33.36 lakh (FY25: ₹46.16 lakh)
  • Earnings Per Share (EPS): ₹0.38 (FY25: ₹0.53)
  • Carried Forward Balance: Retained Earnings deficit of ₹(143.98) lakh (FY25: deficit of ₹(177.33) lakh)

Key Financial Position (Standalone as of March 31, 2026)

  • Total Assets: ₹1,187.53 lakh
  • Loans (Current): ₹564.05 lakh (mainly inter-corporate deposits)
  • Other Financial Assets (Current): ₹573.82 lakh (includes fixed deposits, accrued interest, earnest money)
  • Cash and Cash Equivalents: ₹27.35 lakh
  • Total Equity: ₹719.09 lakh (Share Capital: ₹871.45 lakh; Retained Earnings: ₹(152.36) lakh)
  • Total Liabilities: ₹468.44 lakh

Dividend

No dividend was recommended for FY25-26.

Change in Directors and Key Managerial Personnel

  • Resignations: Ms. Sheela Gupta and Mr. Tapan Gupta resigned from the Directorship effective July 29, 2026. Mr. Varun Mangla resigned as Managing Director on August 11, 2026, but continues as a Director.
  • New Appointments (to be regularized at AGM): Ms. Sangeeta Harpalani (Executive Director & CFO), Mr. Amit Kapoor (Independent Director), Mr. Ankit Himmatsingka (Non-Executive Director).
  • Other Director: Mr. Mukesh Kumar was appointed as an Additional Director (Independent) on December 26, 2025, but has not consented to be considered for regularization.

State of Company's Affairs and Performance

  • The core plastic goods trading business saw minimal activity (₹0.24 lakh revenue) due to unfavorable market conditions, rising input costs, and subdued demand.
  • The company diversified its strategy into acquiring stressed assets under the Insolvency and Bankruptcy Code (IBC), 2016. During FY26, it filed 10 Expressions of Interest and 4 Resolution Plans (individually or jointly).
  • Profitability decreased year-on-year due to lower other income and higher expenses.
  • The company has one subsidiary, Sabrimala Industries LLP, which reported a net loss of ₹10,500 for FY26.

Material Changes and Commitments

  • The company granted a loan of ₹25.00 lakh during FY26 (total loans outstanding: ₹564.05 lakh).
  • A bank guarantee of ₹452.50 lakh was issued by Kotak Mahindra Bank in favor of the Resolution Professional of Vallabh Textile Company Limited, against which the company has provided a 100% lien on a Fixed Deposit.
  • No material changes affecting the financial position occurred between the year-end and the report date.

Share Capital

  • Authorized Capital: ₹10,00,00,000 (1,00,00,000 equity shares of ₹10 each)
  • Paid-up Capital: ₹8,71,45,000 (87,14,500 equity shares of ₹10 each). No changes occurred during FY26.

Auditors

  • Statutory Auditors: M/s. Suresh & Associates, Chartered Accountants. Their audit report contains no qualifications.
  • Secretarial Auditor: M/s. RSH & Associates. Their report noted minor non-compliances related to SEBI PIT Regulations and ROC filing procedures but contained no material adverse findings.
  • Internal Auditor: M/s. Rastogi Sunil & Associates, Chartered Accountants.

Registered Office and Registrars

  • Registrar & Share Transfer Agent (RTA): M/s. Skyline Financial Services Private Limited, New Delhi.

Listing

Shares are listed on BSE Limited and the Calcutta Stock Exchange Limited.

E-Voting and AGM Participation Instructions

  • The remote e-voting period is from September 12, 2026 (9:00 AM) to September 14, 2026 (5:00 PM).
  • The record date for determining members entitled to vote is September 8, 2026.
  • Detailed instructions for e-voting and joining the virtual AGM are provided in the notice, including helpdesk contacts for CDSL and NSDL.

Explanatory Statement and Director Profiles

An explanatory statement pursuant to Section 102 of the Companies Act, 2013, provides rationale for the director appointments. Annexure-I contains detailed profiles of the directors proposed for appointment, including their qualifications, experience, and other directorships.