AGM Details

  • Meeting Date: Friday, September 18, 2026 at 02:30 P.M.
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: September 11, 2026
  • Register Closure: September 12, 2026 to September 18, 2026 (both days inclusive)
  • Remote e-Voting Period: September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM)
  • Deemed Venue: Registered Office at 105/2, Shivajinagar, Sanghvi House, Pune - 411005, Maharashtra

Business Items to be Transacted

Ordinary Business

1. Adoption of Audited Financial Statements:

  • Standalone Financial Statements for FY ended March 31, 2026
  • Consolidated Financial Statements for FY ended March 31, 2026
  • Both to be considered through Ordinary Resolutions

2. Re-appointment of Director:

  • Mr. Narendra Rikhabchand Sanghvi (DIN: 02912085) retires by rotation
  • Proposed re-appointment as Director liable to retire by rotation
  • Age: 73 years, Non-Executive Director since February 16, 2010
  • Attendance: 4 out of 4 board meetings in FY26
  • Shareholding: 0 shares
  • Remuneration: Nil

3. Appointment of Statutory Auditors:

  • Proposed appointment of M/s. Komandoor & Co. LLP, Chartered Accountants (Firm Registration No. 001420S/S200034)
  • Term: 5 years from conclusion of 16th AGM until conclusion of AGM for FY ending March 31, 2031
  • Proposed annual fee: ₹280,000 (exclusive of taxes and out-of-pocket expenses)
  • Current auditor M/s. B K Khare & Co. completed second consecutive term and ineligible for reappointment
  • Previous auditor fee: ₹760,000 for FY26

Special Business

4. Appointment of Independent Director:

  • Mr. Rohit Prakash Bafana (DIN: 00590469) appointed as Additional Non-Executive Independent Director effective May 21, 2026
  • Proposed appointment as Non-Executive Independent Director for term of May 21, 2026 to May 20, 2031
  • Not liable to retire by rotation
  • Age: 46 years, qualified with Bachelor's in Mechanical Engineering and Post Graduate in Bioengineering
  • Sitting fees: ₹10,000 per board meeting
  • Shareholding: Nil shares
  • No relationship with other directors/KMPs

Financial Performance Highlights

Consolidated Performance (₹ in Thousand)

  • Revenue from Operations: ₹146,142.82 (FY25: ₹121,986.56)
  • Other Income: ₹2,847.95 (FY25: ₹5,728.77)
  • Total Income: ₹148,990.77 (FY25: ₹127,715.33)
  • Total Expenditure: ₹129,982.91 (FY25: ₹116,921.81)
  • Profit Before Tax: ₹19,007.86 (FY25: ₹10,793.52)
  • Current Tax: ₹3,168.14 (FY25: ₹666.80)
  • Profit After Tax: ₹15,839.72 (FY25: ₹10,126.72)

Standalone Performance (₹ in Thousand)

  • Revenue from Operations: ₹91,155.76 (FY25: ₹85,194.16)
  • Other Income: ₹2,238.55 (FY25: ₹4,485.06)
  • Total Income: ₹93,394.31 (FY25: ₹89,679.22)
  • Total Expenditure: ₹83,133.41 (FY25: ₹78,145.83)
  • Profit Before Tax: ₹10,260.90 (FY25: ₹11,533.39)
  • Current Tax: ₹1,760.77 (FY25: ₹663.62)
  • Profit After Tax: ₹8,500.13 (FY25: ₹10,869.77)

Key Financial Ratios (Standalone)

  • Current Ratio: 5.45 (FY25: 7.11)
  • Return on Equity: 0.08 (FY25: 0.11)
  • Inventory Turnover: 21.91 (FY25: 20.43)
  • Trade Receivables Turnover: 13.38 (FY25: 10.51)
  • Net Profit Ratio: 0.09 (FY25: 0.13)

Capital Structure

  • Authorized Share Capital: ₹130,000,000 (13,000,000 equity shares of ₹10 each)
  • Paid-up Capital: ₹104,158,800 (10,415,880 equity shares of ₹10 each)
  • No change in capital structure during FY26

Subsidiary Performance

Sanghvi Beauty & Salon Private Limited

  • Revenue: ₹54,783.18 (FY25: ₹37,437.82)
  • Profit After Tax: ₹7,614.23 (FY25: Loss ₹373.81)
  • Net Worth: Negative ₹34,243.04
  • Business: Spa & wellness services

Sanghvi Fitness Private Limited

  • Revenue: ₹813.28 (FY25: ₹598.30)
  • Loss After Tax: ₹129.44 (FY25: Loss ₹369.24)
  • Net Worth: Negative ₹6,441.24
  • Business: Fitness and boxing centers

Sanghvi Brands SL (Private) Limited

  • Revenue: Nil (FY25: Nil)
  • Loss After Tax: ₹145.20
  • Net Worth: Negative ₹3,052.98
  • Business: Spa operations in Sri Lanka (dormant)

Dividend Declaration

  • No dividend recommended for FY26 to strengthen financial position and retain internal accruals for future growth
  • Amount transferred to reserves: ₹8,500.13 thousand

Corporate Governance

Board Composition

  • Mr. Narendra Rikhabchand Sanghvi: Non-Executive Director
  • Mr. Darpan Narendra Sanghvi: Director
  • Ms. Disha Narendra Sanghvi: Non-Executive Director
  • Mr. Rohit Prakash Bafana: Independent & Non-Executive Director (appointed May 21, 2026)
  • Mr. Sunil Mohan Lulla: Independent & Non-Executive Director
  • Mr. Gaurav Balkrishan Agarwal: Independent & Non-Executive Director

Key Managerial Personnel

  • Dr. Vijay Aggarwal: Chief Executive Officer
  • Mr. Laxmi Narayan Rathi: Chief Financial Officer
  • Mrs. Aman Sharma: Company Secretary & Compliance Officer

Committee Composition

  • Audit Committee: Mr. Sunil Mohan Lulla (Chairman), Mr. Gaurav Balkrishan Agarwal, Mr. Narendra Sanghvi
  • Nomination and Remuneration Committee: Mr. Sunil Mohan Lulla (Chairman), Mr. Gaurav Balkrishan Agarwal, Mr. Narendra Sanghvi
  • Stakeholders Relationship Committee: Mr. Sunil Mohan Lulla (Chairman), Mr. Gaurav Balkrishan Agarwal, Mr. Narendra Sanghvi

Statutory Auditors

  • Outgoing Auditor: M/s. B.K. Khare & Co, Chartered Accountants (completed two consecutive terms)
  • Incoming Proposed Auditor: M/s. Komandoor & Co. LLP, Chartered Accountants
  • Peer Review Certificate: Valid certificate held by both firms

Internal Auditor

  • M/s. Komandoor & Co. LLP, Chartered Accountants

Secretarial Auditor

  • M/s. H Choudhary & Associates, Company Secretaries
  • No qualifications or adverse remarks in secretarial audit report

Employee Information

  • Total Permanent Employees: 81 as on March 31, 2026
  • Median Remuneration: ₹60,934.13
  • Increase in Median Remuneration: 7% in FY26
  • No material fraud reported under Section 143(12) of Companies Act, 2013

Related Party Transactions

  • All transactions entered at arm's length price in ordinary course of business
  • No material related party transactions requiring disclosure in Form AOC-2

Compliance Status

  • No material regulatory orders passed by courts/tribunals/regulators
  • No deposits accepted from public under Chapter V of Companies Act, 2013
  • Adequate internal financial controls system in place
  • Complied with secretarial standards on board and general meetings

Other Disclosures

  • Green Initiative: Documents sent electronically to members with registered email addresses
  • Dematerialization: Shares in demat form only with NSDL and CDSL
  • Listing: BSE SME Platform since November 22, 2017
  • Bankers: Axis Bank Limited
  • RTA: Bigshare Services Private Limited

Important Dates

  • Notice Date: August 10, 2026
  • AGM Date: September 18, 2026
  • Record Date: September 11, 2026
  • Remote e-Voting: September 15-17, 2026
  • Financial Year End: March 31, 2026