Key Quantitative Figures

  • Net Loss FY 2025-26: ₹13,86,072 (compared to loss of ₹5,99,121 in FY 2024-25)
  • Total Income FY 2025-26: ₹2,29,025 (compared to ₹3,52,225 in previous year)
  • Expenditure FY 2025-26: ₹16,15,097 (compared to ₹9,51,346 in previous year)
  • Paid-up Equity Capital: ₹30,62,330 (unchanged from previous year)
  • Investments in Quoted Shares: ₹22 lakhs in Starteck Finance Limited (9912 equity shares of ₹10 each)
  • Loans & Advances: ₹99 lakhs (unsecured, considered good)
  • Cash and Cash Equivalents: ₹1 lakh (compared to ₹3 lakhs previous year)
  • Earnings Per Share: Basic and diluted (₹4.53) loss per share
  • Director Sitting Fees Paid: ₹25,000 to Mr. Manish Jakhalia
  • Company Secretary Remuneration: ₹3,60,000 to Prakhar Singh Taunk

Dates of Action

  • AGM Date: 30th September 2026 at 12:00 PM
  • Register of Members Closure: 24th September 2026 to 30th September 2026 (both days inclusive)
  • Remote E-Voting Period: 27th September 2026 at 09:00 AM to 29th September 2026 at 05:00 PM
  • Ballot Form Submission Deadline: 29th September 2026 at 05:00 PM
  • Board Meetings Held: 8 meetings during FY 2025-26 on 20.05.2025, 01.07.2025, 11.08.2025, 05.09.2025, 10.11.2025, 10.12.2025, 21.01.2026, and 20.03.2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditors: J M T & Associates, Chartered Accountants
  • Secretarial Auditor: Manisha Chindarkar, Practicing Company Secretary
  • Registrar and Share Transfer Agent: Purva Sharegistry (India) Private Limited
  • Scrutinizer for E-Voting: CS Manisha Chindarkar
  • Board of Directors: Mr. Rohit Shantilal Doshi, Mr. Manish Krishna Murari Jakhalia, Ms. Shatabdi Suresh Jadhav
  • Key Managerial Personnel: Prakhar Singh Taunk (Company Secretary & Compliance Officer)

Business to be Transacted at AGM

Ordinary Business:

1. To receive, consider, approve and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.

2. To consider and approve the appointment of Mr. Rohit Doshi (DIN 03065137) as a director, who retires by rotation and being eligible has offered himself for reappointment as Director.

Financial and Operational Impact

  • The company has incurred continuous losses with increased loss in current financial year
  • No dividend recommended for FY 2025-26
  • No amounts transferred to reserves
  • No deposits accepted within meaning of Section 73 of Companies Act, 2013
  • No material changes in nature of business
  • No subsidiary, joint ventures or associate companies
  • No foreign exchange earnings or outgo
  • No funds required to be transferred to Investor Education and Protection Fund (IEPF)

Capital Structure Impact

  • No change in share capital during the year
  • No public issue, right issue, bonus issue or preferential issue
  • No shares with differential voting rights or sweat equity shares issued
  • No stock options granted

Corporate Governance Details

  • Board Composition: 3 directors (1 promoter non-executive, 2 independent non-executive)
  • Board Evaluation: Annual performance evaluation conducted for board, directors, and committees
  • Committee Structure:
  • Audit Committee: Mr. Manish Jakhalia (Chairman), Mr. Rohit Doshi, Ms. Shatabdi Jadhav
  • Nomination & Remuneration Committee: Mr. Manish Jakhalia (Chairman)
  • Stakeholders Relationship Committee: Mr. Rohit Doshi (Chairman), Mr. Manish Jakhalia, Ms. Shatabdi Jadhav
  • Key Managerial Personnel: Company Secretary appointed, no MD/CEO/CFO appointed

Voting Arrangements

  • Remote e-voting facility provided through Purva Sharegistry (India) Private Limited
  • Cut-off date for voting eligibility: 23rd September 2026
  • Members holding shares in physical form can vote by ballot form
  • Scrutinizer to submit consolidated report within 48 hours of conclusion of meeting

Other Material Disclosures

  • Company engaged in real estate business
  • Total income primarily from other income (dividend, interest, fair value changes)
  • Related party transactions: payment of director sitting fees and company secretary salary
  • No pending litigations impacting financial position
  • No fraud reported by auditors during the year
  • Company has not appointed internal auditor (noted in secretarial audit)
  • Board composition not optimum (noted in secretarial audit)
  • Company secretary changed during the year: Akshar Jagdish Patel resigned on 13.05.2024, Prakhar Singh Taunk appointed on 01.06.2024