Key Quantitative Figures

  • Revenue from operations: ₹28,217.99 lakhs (Previous year: ₹20,433.64 lakhs)
  • Other Income: ₹355.00 lakhs (Previous year: ₹176.84 lakhs)
  • Profit before tax: ₹394.45 lakhs (Previous year: ₹373.19 lakhs)
  • Profit after tax: ₹348.02 lakhs (Previous year: ₹282.74 lakhs)
  • Total Comprehensive Income: ₹349.52 lakhs (Previous year: ₹196.34 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹3.75 (Previous year: ₹3.04)
  • Paid-up Equity Share Capital: ₹929.18 lakhs (92,91,800 equity shares of ₹10 each)
  • Authorized Share Capital: ₹2,000 lakhs (1,90,00,000 equity shares of ₹10 each + 1,00,000 preference shares of ₹100 each)
  • Cost Auditor Remuneration: ₹20,000 plus taxes for FY 2026-2027
  • Whole-time Director Salary: ₹1,47,193 per month for Mr. Ajay Peshkar

Dates of Action

  • AGM Date: August 18, 2026 at 1:00 PM through VC/OAVM
  • Book Closure: August 8, 2026 to August 18, 2026
  • E-voting Period: August 15, 2026 (9:00 AM) to August 17, 2026 (5:00 PM)
  • Cut-off Date: August 11, 2026
  • Board Meeting Dates: 7 meetings held on May 5, May 29, August 12, August 20, September 25, November 10, 2025 and February 13, 2026

Parties Involved

  • Statutory Auditors: M/s. Ashok Khasgiwala & Co. LLP, Chartered Accountants
  • Cost Auditors: M/s. A. Goyal and Co., Cost Accountants (Firm Registration No. 101308)
  • Secretarial Auditors: M/s. Ajit Jain & Co., Company Secretaries
  • RTA: M/s Sarthak Global Limited
  • Bankers: Punjab National Bank, UCO Bank
  • Scrutinizer: Mr. Amit Jain, FCS 7859, Practicing Company Secretary

Business Operations

The Company is primarily engaged in manufacturing of LPG Cylinders supplied to Oil Companies like Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited and also to private companies. Apart from this, Company is also engaged in trading of agri-commodities on opportunity basis.

AGM Agenda Items

Ordinary Business:

1. To receive, consider and adopt Audited Standalone Financial Statements for FY ended March 31, 2026

2. To appoint director in place of Ms. Deepika Arora who retires by rotation

Special Business:

3. Ratification of Cost Auditors' Remuneration of ₹20,000 plus taxes for FY 2026-2027

4. Re-appointment of Mr. Ajay Peshkar as Whole-time Director for 3 years from May 19, 2026 at monthly salary of ₹1,47,193 with annual increment up to ₹25,000

Capital Structure Impact

No change in share capital during the year. Paid-up equity share capital remains at ₹929.18 lakhs divided into 92,91,800 equity shares of ₹10 each.

Financial Impact

  • No dividend declared for FY 2025-2026
  • No amount transferred to reserves
  • Company has adequate internal financial controls
  • No material related party transactions requiring disclosure

Corporate Governance

  • Board comprises 5 Directors (3 Independent, 1 Non-Executive, 1 Whole-time)
  • All committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management) constituted and functional
  • Code of Conduct implemented for Directors and Senior Management
  • Whistle Blower Policy and Vigil Mechanism in place

Auditor Reports

  • Statutory Auditors: Unmodified opinion
  • Secretarial Auditors: No adverse comments or qualifications
  • Cost Audit Report for 2024-25 filed with Central Government

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 33,27,850 shares (35.81%)
  • Domestic Corporate Bodies: 36,85,089 shares (39.66%)
  • Indian Public: 16,37,832 shares (17.63%)
  • NRIs/OCBs/FIIs: 6,31,027 shares (6.79%)
  • HUF: 10,002 shares (0.11%)

Dematerialization Status

  • CDSL: 74,85,190 shares (80.56%)
  • NSDL: 3,59,508 shares (3.87%)
  • Physical: 14,47,102 shares (15.57%)

Credit Rating

Non-fund based limit rated IND BB+/Stable/IND A4+ by India Ratings and Research Private Limited

Foreign Exchange

  • Foreign exchange outgo: ₹26,455.46 lakhs (Previous year: ₹17,573.97 lakhs)
  • Foreign exchange earning: ₹49.56 lakhs (Previous year: ₹98.82 lakhs)

Key Financial Ratios

  • Debtors Turnover Ratio: 10.32 (Previous: 26.17)
  • Inventory Turnover Ratio: 11.21 (Previous: 16.44)
  • Interest Coverage Ratio: 131.61 (Previous: 90.28)
  • Current Ratio: 1.51 (Previous: 1.90)
  • Debt Equity Ratio: 0.00 (Previous: 0.13)
  • Return on Net Worth: 7.62% (Previous: 6.70%)

Contingent Liabilities

  • Sales Tax/VAT/GST demands disputed in appeals: ₹106.18 lakhs
  • Other matter in appeals: ₹19.49 lakhs
  • Total amount deposited against disputes: ₹57.21 lakhs

Forward Looking Statements

The Management Discussion & Analysis contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied.