Key Dates and Events

  • Annual General Meeting: 44th AGM to be held on 25th September 2026 at 11:30 AM at Registered Office
  • Book Closure: 19th September 2026 to 25th September 2026 (both days inclusive)
  • E-voting Period: 22nd September 2026 (9:00 AM) to 24th September 2026 (5:00 PM)
  • Record Date: 18th September 2026

Financial Performance Summary (FY2025-2026)

Income Statement Highlights (₹ in Lakhs)

  • Gross Income: ₹1,640.82 (Previous year: ₹1,661.99)
  • Net Profit Before Tax: ₹1.34 (Previous year: ₹4.81)
  • Provision for Tax: ₹1.05 (Previous year: ₹6.19)
  • Net Profit After Tax: ₹2.39 (Previous year: ₹(1.38) loss)
  • Balance Brought Forward: ₹(27.96) (Previous year: ₹(26.58))
  • Balance Available for Appropriation: ₹(25.57) (Previous year: ₹(27.96))

Key Financial Positions (as at 31st March 2026)

  • Property, Plant and Equipment: ₹118.28 lakhs
  • Inventories: ₹748.53 lakhs
  • Trade Receivables: ₹576.59 lakhs
  • Cash & Cash Equivalents: ₹3.93 lakhs
  • Total Borrowings: ₹606.16 lakhs (Current: ₹592.59 lakhs, Non-current: ₹13.56 lakhs)
  • Share Capital: ₹343.33 lakhs (35,24,600 equity shares of ₹10 each)
  • Reserves & Surplus: ₹232.49 lakhs

AGM Business Items

Ordinary Business

1. Adoption of Financial Statements: To consider and adopt Audited Financial Statements for year ended 31st March 2026 with Reports of Board of Directors and Auditors

2. Reappointment of Director: To appoint director in place of Shri Ashok V. Tulsiyan (DIN:00320442) who retires by rotation

Dividend Declaration

No dividend recommended for the year under review to conserve profits.

Directors and Key Managerial Personnel

Board Composition

  • Shri Santosh R. Tulsiyan - Chairman & Managing Director
  • Shri Subhash R. Tulsiyan - Executive Director
  • Shri Ashok V. Tulsiyan - Director (retiring by rotation)
  • Shri Sanjeev D. Saran - Independent Director
  • Shri Radhaballabh Tibrewal - Independent Director
  • Shri Asharam S. Rungta - Independent Director
  • Mrs. Sumita S Tulsiyan - Director
  • Shri Sunil Tulsiyan - Chief Financial Officer

Company Secretary & Compliance Officer

Ms. Radha Sushil Kumar Sharma (Appointed on 13th April 2026, M No. 446047)

Auditor Appointments

Statutory Auditors

M/s. Jhunjhunwala Jain & Associates LLP, Chartered Accountants reappointed in 43rd AGM for term from FY2025-26 to FY2029-30

Secretarial Auditor

Mrs. Lalita Vijay Lath, Company Secretary in whole-time practice, appointed for five years at 43rd AGM

Related Party Transactions

Disclosed transactions with related parties totaling ₹155.91 lakhs, including:

  • Process charges paid to Silwester Textiles Pvt Ltd: ₹70.62 lakhs
  • Sale of job charges to Signora Exports: ₹34.72 lakhs
  • Managerial remuneration to directors: ₹17.50 lakhs
  • Salary payments to relatives of directors: ₹30.34 lakhs

Corporate Governance Compliance

  • Conducted 5 Board Meetings and 5 Audit Committee Meetings during the year
  • All Independent Directors submitted declaration of independence
  • Vigil Mechanism and Whistle Blower Policy implemented
  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013

Secretarial Audit Report

Clean report issued by Mrs. Lalita Lath, Practicing Company Secretary, confirming compliance with:

  • Companies Act, 2013 and rules thereunder
  • SEBI Listing Regulations, 2015
  • Other applicable laws and regulations

Additional Information

  • Factory: Plot No. L-40, F1/22, M.I.D.C., Tarapur, Post: Boisar, Dist.: Thane, Maharashtra
  • Bankers: Saraswat Co-Op Bank Ltd
  • Share Transfer Agents: Adroit Corporate Services Private Limited, Mumbai

Annexures Included

  • Annexure I: Form AOC-2 - Related Party Transactions disclosure
  • Annexure II: Declaration of Independence by Independent Directors
  • Annexure III: Secretarial Audit Report in Form MR-3
  • Annexure IV: Corporate Governance Compliance Certificate