AGM Details

  • Date: Friday, September 11, 2026
  • Time: 03:30 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off date for voting: Friday, September 4, 2026
  • Remote e-voting period: September 8, 2026 (9:00 AM) to September 10, 2026 (5:00 PM)
  • Scrutinizer: Mr. Amit Saxena of M/s Amit Saxena & Associates
  • Register of Members closure: September 5-11, 2026

Ordinary Business Items

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with report of Auditors

3. Re-appointment of Mr. Bavaraparambil Abdhulkadher Hydrose (DIN: 01390977) as Director liable to retire by rotation

Special Business Items

4. Re-appointment of Mr. Sankaranarayanan Nair Sreejith (DIN: 09250652) as Independent Director for second term from December 6, 2026 to December 5, 2031

5. Re-appointment of Mr. Bengolan Anilkumar (DIN: 09248528) as Independent Director for second term from December 6, 2026 to December 5, 2031

6. Shifting of Registered Office from Kerala to National Capital Territory of Delhi and consequent amendment to Memorandum of Association

7. Borrowing Limit Approval of up to ₹500 crores under Section 180(1)(c) of Companies Act, 2013

8. Creation of Charge on Assets for borrowings up to ₹500 crores under Section 180(1)(a)

9. Waiver of Excess Remuneration Recovery for Mr. Faizal Bavaraparambil Abdul Khader - ₹3,93,400 (FY2025) and ₹3,60,900 (FY2026)

10. Waiver of Excess Remuneration Recovery for Ms. Sruthi Muhammed Ali - ₹13,26,680 (FY2025) and ₹15,28,180 (FY2026)

11. Approval for Payment of Managerial Remuneration in excess of limits under Section 197 for any financial year

12. Increase in Remuneration of Mr. Faizal Bavaraparambil Abdul Khader from ₹3,00,000 to ₹5,00,000 per annum

13. Increase in Remuneration of Ms. Sruthi Muhammed Ali from ₹3,00,000 to ₹5,00,000 per annum

14. Preferential Issue of Equity Shares up to 23,90,000 shares at ₹20.47 per share (including premium of ₹10.47) aggregating ₹4,89,23,300 to promoters and promoter group

Financial Highlights (Standalone)

  • Total Revenue: ₹4,355.92 lakhs (FY2026) vs ₹5,209.31 lakhs (FY2025)
  • Total Expenses: ₹4,322.13 lakhs (FY2026) vs ₹5,185.98 lakhs (FY2025)
  • Profit Before Tax: ₹337.85 lakhs (FY2026) vs ₹233.32 lakhs (FY2025)
  • Profit After Tax: ₹252.53 lakhs (FY2026) vs ₹167.42 lakhs (FY2025)
  • EPS (Basic & Diluted): ₹1.01 (FY2026) vs ₹0.67 (FY2025)

Financial Highlights (Consolidated)

  • Total Revenue: ₹4,355.94 lakhs (FY2026) vs ₹5,209.66 lakhs (FY2025)
  • Total Expenses: ₹4,322.23 lakhs (FY2026) vs ₹5,186.12 lakhs (FY2025)
  • Profit Before Tax: ₹337.07 lakhs (FY2026) vs ₹235.40 lakhs (FY2025)
  • Profit After Tax: ₹251.75 lakhs (FY2026) vs ₹168.98 lakhs (FY2025)
  • EPS (Basic & Diluted): ₹1.90 (FY2026) vs ₹1.53 (FY2025)

Capital Structure

  • Authorized Share Capital: ₹52,00,00,000 divided into 5,20,00,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: ₹24,97,75,500 divided into 2,49,77,550 equity shares of ₹10 each
  • No bonus shares or buyback during the year

Preferential Issue Details

  • Total Shares: 23,90,000 equity shares
  • Issue Price: ₹20.47 per share (Face value ₹10 + Premium ₹10.47)
  • Total Consideration: ₹4,89,23,300
  • Allottees: Promoters and promoter group members including Faizal Bavaraparambil Abdul Khader (13,00,000 shares), Bavaraparambil Hydrose Abdhul Kadher (2,50,000 shares), Sruthi Muhammed Ali (2,50,000 shares), and others
  • Objects: Working capital requirements (₹361.73 lakhs), General corporate purpose (₹120 lakhs), Issue expenses (₹7.50 lakhs)
  • Relevant Date for Pricing: August 12, 2026

Board of Directors

  • Mr. Faizal Bavaraparambil Abdul Khader (Managing Director)
  • Mr. Bavaraparambil Abdhulkadher Hydrose (Non-Executive Director)
  • Ms. Sruthi Muhammed Ali (Non-Executive Director)
  • Mr. Bengolan Anilkumar (Independent Director)
  • Mr. Sankaranarayanan Nair Sreejith (Independent Director)

Key Managerial Personnel

  • Ms. Divya Modi (Company Secretary)
  • Mrs. Alingal Pandian Rajeswari (Chief Financial Officer)

Committee Composition

  • Audit Committee: Mr. Bengolan Anilkumar (Chairman), Mr. Bavaraparambil Abdhulkadher Hydrose (Member), Mr. Sankaranarayanan Nair Sreejith (Member)
  • Nomination and Remuneration Committee: Mr. Sankaranarayanan Nair Sreejith (Chairman), Mr. Bengolan Anilkumar (Member), Mr. Bavaraparambil Abdhulkadher Hydrose (Member)
  • Stakeholders Relationship Committee: Mr. Bengolan Anilkumar (Chairman), Mr. Faizal Bavaraparambil Abdul Khader (Member), Mr. Bavaraparambil Abdhulkadher Hydrose (Member)

Auditors

  • Statutory Auditors: M/s. Kapish Jain and Associates (Chartered Accountants)
  • Secretarial Auditors: M/s. Amit Saxena & Associates (Company Secretaries)
  • Internal Auditor: Mrs. Alingal Pandian Rajeswari

Registered Office & Contact

46/2631 B, Safa Arcade, Kaniyapilly Road, Chakkaraparambu, Ernakulam Kerala 682028

Registrar & Share Transfer Agent

Cameo Corporate Services Ltd, Subramanian Building, Club House Road, Chennai, Tamil Nadu 600002

Bankers

State Bank of India Limited (SBI)

Important Notes

  • No dividend recommended for FY2025-26
  • No deposits accepted during the year under Section 73 of Companies Act, 2013
  • Company has one subsidiary (Effective Lifestyle Private Limited) and one associate (Kanone Technologies Private Limited)
  • No material orders passed by regulators/courts impacting going concern status
  • No fraud reported by statutory auditors under Section 143(12)
  • Company has complied with applicable Secretarial Standards

#Tags: #SafaSystems #AGM2026 #SEBIDisclosure #RegulatoryCompliance #FinancialResults #CorporateGovernance #Neutral