Key Quantitative Figures

Financial Performance (Standalone, ₹ in Lakhs):

  • Total Income: ₹38,675.73 (FY26) vs ₹37,949.11 (FY25)
  • Profit Before Tax: ₹589.08 (FY26) vs ₹787.34 (FY25)
  • Total Comprehensive Income: ₹429.13 (FY26) vs ₹527.19 (FY25)
  • Earnings Per Share: ₹8.95 (FY26) vs ₹21.99 (FY25)
  • Dividend Recommended: ₹2 per equity share (20% of face value ₹10)
  • Dividend Cash Outflow: ₹95.91 lakhs if approved

Balance Sheet Highlights (₹ in Lakhs):

  • Share Capital: ₹479.54 (increased from ₹239.77 due to 1:1 bonus issue)
  • Reserves & Surplus: ₹4,132.27
  • Total Assets: ₹15,080.58
  • Trade Receivables: ₹5,699.32
  • Inventories: ₹2,727.73
  • Borrowings: ₹3,322.13 (Current ₹2,671.17 + Non-current ₹650.96)

Dates of Action

  • AGM Date: September 21, 2026 at 3:00 PM IST
  • Record Date for Dividend: September 14, 2026
  • Dividend Payment Date: On or before October 20, 2026
  • Remote E-voting Period: September 18-20, 2026
  • Bonus Issue Allotment: April 4, 2025 (1:1 ratio)

Parties Involved

Board of Directors:

  • Rajiv Sharma (Chairman, Non-Executive Non-Independent)
  • R.K. Sharma (Managing Director, DIN: 00640581)
  • Jamil Ahmad (Non-Independent Director)
  • K.N. Agarwal (Independent Director)
  • Namrata Jain (ED-Finance & CFO)
  • Uttam Sahay (Independent Director)

Key Managerial Personnel:

  • Gagan Kaushik (Company Secretary & General Counsel)
  • Kulvinder Singh (Finance Controller & KMP)

Auditors:

  • Statutory: M/s Mangla Associates (FRN: 006796C)
  • Secretarial: M/s A. Arora & Company (FCS No. 2191)
  • Cost: M/s SDM & Associates (Firm Registration No. 000281)

Bankers:

  • ICICI Bank Ltd.
  • State Bank of India
  • Axis Bank Limited

Registrar & Transfer Agent:

M/s MCS Share Transfer Agent Limited, New Delhi

AGM Agenda Items

Ordinary Business:

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

2. Declaration of final dividend of ₹2 per equity share (20%)

3. Re-appointment of Mr. Rajiv Sharma who retires by rotation

Special Business:

4. Ratification of remuneration of Cost Auditor for FY27 - ₹85,000 + taxes

5. Adoption of new Memorandum of Association as per Companies Act 2013

6. Re-appointment of Mr. Uttam Sahay as Independent Director for second term (Jan 31, 2027 to Jan 30, 2030)

7. Re-appointment of Mr. Rama Kant Sharma as Managing Director for 5 years (Feb 4, 2027 to Feb 3, 2032) with monthly remuneration of ₹3 lakh basic + ₹6 lakh allowances

Financial and Operational Impact

Capital Structure Impact:

  • Bonus issue of 23,97,713 equity shares allotted on April 4, 2025 in 1:1 ratio
  • Share capital increased from ₹239.77 lakh to ₹479.54 lakh
  • General reserve reduced by ₹239.77 lakh due to bonus issue

Expansion Activities:

  • New satellite plant at Haridwar (1,800 sq. meter) for seat frames business approved
  • New shed at Nabha plant (1,00,000 sq. feet) for capacity enhancement
  • Capital work in progress: ₹113.33 lakh (FY26) vs ₹37.24 lakh (FY25)

Dividend Taxation:

  • TDS applicable at 10% for resident shareholders (20% if PAN not provided)
  • Different rates for non-resident shareholders as per Income Tax Act
  • Dividend income taxable in hands of shareholders

Corporate Governance

  • Board met 5 times during FY25-26
  • All directors attended all meetings
  • CSR expenditure: ₹14.29 lakh contributed to Jivan Jyot Foundation
  • No material orders from regulators/courts impacting going concern status

Voting Arrangements

  • AGM to be held through video conferencing/other audio-visual means
  • E-voting facility provided through NSDL
  • Scrutinizer: Mr. Ajay K Arora, Company Secretary in Practice

Additional Information

  • 99.81% shares held in dematerialized form
  • Promoter holding: 75% through b4S Solutions Private Limited
  • Manufacturing plants at Punjab, Karnataka, Uttarakhand, Maharashtra
  • Employee strength: 342 permanent employees (324 previous year)

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