Key Quantitative Figures

  • Revenue from Operations (FY26): ₹1,780.1 lakh (FY25: ₹1,327.2 lakh)
  • Net Profit (FY26): ₹594.3 lakh (FY25: ₹689.2 lakh)
  • Current Tax Provision (FY26): ₹178.4 lakh
  • Authorized Share Capital: ₹10.00 crore
  • Paid-up Share Capital: ₹8.48 crore
  • CSR Obligation (FY26): ₹13.18 lakh
  • Cost Auditor Remuneration: ₹35,000 plus GST
  • GST Disputes/Contingent Liability: ₹1,541.23 lakh

Dates of Action

  • Board Meeting Date: September 03, 2026
  • AGM Date: September 26, 2026 at 3:00 PM
  • Cut-off Date for E-voting: September 19, 2026
  • E-voting Period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • Financial Year: April 01, 2025 to March 31, 2026

Parties Involved

  • Stock Exchange: BSE Limited (SME Emerge Platform)
  • Statutory Auditors: M/s. S. N. Shah & Associates, Chartered Accountants
  • Secretarial Auditor: M/s. Utkarsh Shah & Co., Company Secretaries
  • Cost Auditors: M/s. S S Puranik & Associates, Cost Accountants
  • Scrutinizer: Mr. Vijay Boliya of M/s. Vijay Boliya & Associates
  • RTA: Cameo Corporate Services Limited
  • E-voting Agency: Central Depository Services (India) Limited (CDSL)

AGM Agenda Items

Ordinary Business

1. Adoption of Annual Audited Standalone Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mr. Sanket Sanjay Deora (DIN: 01417446) as Director retiring by rotation

Special Business

3. Appointment of M/s. UTKARSH SHAH & CO. as Secretarial Auditor for 5 years (FY2026-27 to FY2030-31)

4. Ratification of remuneration of ₹35,000 plus GST payable to M/s. S S Puranik & Associates as Cost Auditors for FY2026-27

Financial Impact

  • The company has not recommended any dividend for FY2026
  • No transfer to reserves during the period
  • Cost auditor remuneration of ₹35,000 plus GST requires shareholder ratification
  • Secretarial auditor appointment for 5 years has financial implications for subsequent years

Capital Structure Impact

  • No change in share capital structure from the AGM resolutions
  • Paid-up share capital stands at ₹8.48 crore comprising 84,81,100 equity shares of ₹10 each

Corporate Governance Details

  • Board Composition: 5 Directors (2 Executive, 3 Non-Executive including 2 Independent)
  • Key Managerial Personnel: Mr. Bhushan Pramod Puranik (Company Secretary) and Mr. Shashank Shekhar Chaturvedi (CFO)
  • Board Meetings: 14 meetings held during FY2026
  • Committee Composition: Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee constituted

Auditor Qualifications & Explanations

The Statutory Auditors issued an unqualified opinion with the following observations:

1. Audit Trail Records: Company did not provide audit trail records for entire FY2026

2. Stock Statement Variance: Variation of more than 10% between quarterly stock statements filed with bank (Union Bank of India) and books of account for September 2025 (12.72%) and March 2026 (12.43%)

3. CSR Compliance: ₹13.18 lakh unspent CSR amount for FY2026 not transferred to specified fund within stipulated timeline

4. Structured Digital Database: Non-compliance with Regulation 3(5) of SEBI PIT Regulations regarding maintenance of SDD

The Board has provided explanations for each observation and corrective actions taken.

Related Party Transactions

Transactions with related parties including Indus Aluminium Recyclers Limited and Deora Wires N Machines Private Limited disclosed in AOC-2. All transactions were at arm's length basis.

Other Material Information

  • The company operates in a single segment of manufacturing aluminium products
  • No material changes and commitments affecting financial position post financial year end
  • No significant orders passed by regulators/courts impacting going concern status
  • Company has adequate internal financial controls system as per auditor report
  • Vigil mechanism/whistle blower policy in place
  • No cases filed under Sexual Harassment of Women at Workplace Act, 2013

Voting Arrangements

  • Remote e-voting through CDSL platform from September 23-25, 2026
  • Physical attendance dispensed with due to VC/OAVM meeting
  • Scrutinizer appointed to conduct e-voting process
  • Voting results to be declared within 2 working days of AGM conclusion