Key Financial Figures (FY 2025-26 vs. FY 2024-25)

  • Total Income: ₹2,29,025 (Previous Year: ₹3,52,225)
  • Total Expenditure: ₹16,15,097 (Previous Year: ₹9,51,346)
  • Profit/(Loss) Before Tax: (₹13,86,072) (Previous Year: (₹5,99,121))
  • Tax Expenses: Nil (Previous Year: Nil)
  • Profit/(Loss) After Tax: (₹13,86,072) (Previous Year: (₹5,99,121))
  • Earnings Per Share (Basic & Diluted): (₹4.53) (Previous Year: (₹1.96))
  • Paid-up Equity Capital: ₹30,62,330 (31,00,000 equity shares of ₹10 each; unchanged from previous year)

AGM Details

  • Date: Wednesday, 30th September 2026
  • Time: 12:00 p.m.
  • Venue: Registered Office at Office No. 14, First Floor, Plumber House, 557, J.S.S. Road, Chira Bazar, Mumbai - 400002
  • Business:

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

2. To consider and approve the re-appointment of Mr. Rohit Doshi (DIN: 03065137) as a director, who retires by rotation.

Shareholding and Record Date

  • Register of Members & Share Transfer Books Closure: 24th September 2026 to 30th September 2026 (both days inclusive).
  • Cut-off date for e-voting eligibility: 23rd September 2026.
  • Promoter Holding: Singhal Merchandise (India) Pvt Ltd holds 1,84,450 shares (60.23% of paid-up capital).

Board of Directors & Key Managerial Personnel (KMP)

  • Mr. Rohit Shantilal Doshi – Director (Non-Executive, Promoter; DIN: 03065137)
  • Mr. Manish Krishna Murari Jakhalia – Director (Non-Executive, Independent; DIN: 01847156)
  • Ms. Shatabdi Suresh Jadhav – Director (Non-Executive, Independent; DIN: 08719690)
  • Mr. Prakhar Singh Taunk – Company Secretary & Compliance Officer (Appointed 01.06.2024)
  • No changes in the composition of the Board or KMP during the financial year.

Auditor Reports and Qualifications

  • Statutory Auditor (J M T & Associates): Issued an unmodified opinion. The audit report does not contain any qualifications, reservations, adverse remarks, or disclaimers. Notes to accounts are self-explanatory.
  • Secretarial Auditor (Manisha Chindarkar): The Secretarial Audit Report contained qualifications:

1. The company had not appointed an Internal Auditor for FY 2025-26. Management replied that the company is in the process of appointment.

2. The Board composition is not duly constituted with a proper balance of Executive, Non-Executive, and Independent Directors. Management replied that the company is searching for the right candidates.

  • Frauds Reported: No frauds were reported by the auditors under Section 143(12) of the Companies Act, 2013.

Internal Financial Controls

The company has adequate internal financial controls commensurate with its size, except for the non-appointment of an Internal Auditor. These controls were operating effectively as of 31st March 2026.

Dividend and Reserves

No dividend was recommended for FY 2025-26. No amounts were transferred to reserves.

Related Party Transactions

Transactions during the year were on an arm's length basis and in the ordinary course of business. Details:

  • Director Sitting Fees paid to Mr. Manish Jakhalia: ₹25,000
  • Salary paid to Company Secretary, Mr. Prakhar Singh Taunk: ₹3,60,000

Loans, Guarantees, and Investments

  • Investments: ₹22 Lakhs in quoted equity shares of Starteck Finance Limited (9,912 shares of ₹10 each).
  • Loans & Advances (Unsecured, Considered Good): ₹99 Lakhs given to Body Corporates & Others.
  • The company did not accept any public deposits.

Other Material Disclosures

  • CSR: Provisions of Section 135 of the Companies Act, 2013 are not applicable.
  • Vigil Mechanism: In place; overseen by the Audit Committee.
  • Investor Grievances: No complaints were received during the year. Pending complaints with SEBI were Nil.
  • Corporate Governance: Compliance with specific regulations under SEBI LODR is not applicable as the company's paid-up capital and net worth were below the prescribed threshold.
  • IEPF: No funds were required to be transferred to the Investor Education and Protection Fund.

Registrars and Share Transfer Agents

Purva Sharegistry (India) Private Limited, Mumbai.