Key Financial Performance (₹ in Lakhs)
| Particulars | FY 2025-26 | FY 2024-25 | Change |
| Revenue from Operations | 2326.07 | 1858.45 | +25.15% |
| Other Income | 0.57 | 0.51 | +11.76% |
| Total Revenue | 2326.64 | 1858.95 | +25.16% |
| Total Expenses | 1792.84 | 1731.41 | +3.55% |
| Profit Before Depreciation & Tax | 533.80 | 265.33 | +101.18% |
| Depreciation | 320.24 | 137.79 | +132.41% |
| Interest | 5.23 | 5.54 | -5.60% |
| Profit Before Tax | 208.33 | 127.54 | +63.35% |
| Current Tax | 54.92 | 44.45 | +23.55% |
| Deferred Tax | 5.96 | 2.20 | +170.91% |
| Profit After Tax | 147.46 | 80.90 | +82.28% |
| EPS (Basic & Diluted) | ₹0.03 | ₹0.02 | +50% |
Capital Structure
Authorized Share Capital: ₹50,00,00,000 divided into 50,00,00,000 equity shares of ₹1 each
Paid-up Share Capital: ₹48,96,16,000 divided into 48,96,16,000 equity shares of ₹1 each (unchanged from previous year)
Dividend Declaration
No dividend recommended for FY 2025-26 to conserve resources for future prospects and growth.
Annual General Meeting Details
31st AGM Date: September 30, 2026
Time: 11:30 AM IST
Mode: Video Conferencing/Other Audio Visual Means (OAVM)
Deemed Venue: Registered Office at 4, Sharad Flat, Opp. Dharnidhar Temple, Ahmedabad - 380007
AGM Agenda Items
1. Adoption of Financial Statements for FY ended March 31, 2026
2. Reappointment of Ms. Jalpa Moulin Shah (DIN: 11270767) as Director retiring by rotation
3. Reappointment of Mr. Moulin Shah (DIN: 08948652) as Director retiring by rotation
Board of Directors
Managing Director: Samir Rasiklal Shah (DIN: 00787630)
Directors: Saumil Shah, Moulin Shah, Jalpa Moulin Shah, Bhavinkumar Arvindkumar Patel (Independent), Aanal Milankumar Satyawadi (Independent)
Company Secretary: Shagun Rathi (up to July 13, 2026)
Board Meetings & Attendance
During FY 2025-26, 7 Board meetings were held on: May 27, 2025; July 21, 2025; August 4, 2025; September 3, 2025; November 11, 2025; December 3, 2025; February 10, 2026. All directors attended all meetings they were eligible for.
Auditor Reports
Statutory Auditor's Report (S K Bhavsar & Co)
- Issued unmodified opinion on financial statements
- Emphasis of Matters highlighted:
- Lack of balance confirmations and reconciliation statements for certain trade receivables/payables
- No bifurcation between MSME and other creditors
- Advances to suppliers remain unconfirmed
- Supporting documents for investments not presented
- Loans granted without confirmations or supporting agreements
- Internal financial controls report qualified due to inadequate documentation of specific policies and procedures
Secretarial Audit Report (A B Udani & Associates)
Qualifications with Board Responses:
1. Qualification: Company did not appoint adequate number of Independent Directors as per Regulation 17(1) of SEBI LODR
Response: Adequate Independent Directors appointed on April 3, 2026
2. Qualification: Company did not appoint Internal Auditor for FY 2025-26
Response: Internal Auditor appointed on April 3, 2026, but BSE intimation and ROC Form MGT-14 not filed
3. Qualification: SDD Software installed but data maintained in Excel files
Response: Data management regularized in SDD Software
Key Operational Highlights
- Revenue growth driven by expansion in decoration business services
- Company engaged in décor services for pre-wedding events, theme weddings, corporate events, religious events, property décor, lights décor and catering
- No change in nature of business during FY 2025-26
- No holding/subsidiary/associate companies or joint ventures
Shareholding Pattern
Total Shareholders: 44,121
Promoter Holding: Approximately 3.74% (as disclosed in director shareholding)
Public Holding: 96.26%
Dematerialized Shares: 99.98% of total share capital
Related Party Transactions
Loans taken from directors: ₹555.46 lakhs from Mr. Samir Shah (Managing Director)
Outstanding balances with related parties: Samir Shah (₹562.61 lakhs payable), Saumil Shah (₹10.57 lakhs payable), Moulin Shah (₹1.03 lakhs payable)
Risk Management
Company has framed formal Risk Management framework periodically reviewed by Board. Audit Committee reviews adequacy of risk management framework.
Internal Financial Controls
Company maintains adequate internal financial controls systems, tested during the year with no reportable material weaknesses observed.
Important Dates
Book Closure: September 23, 2026 to September 30, 2026 (both days inclusive)
E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Cut-off Date for E-voting: September 25, 2026
Registered Office & Contact
4, Sharad flat, Opp. Dharnidhar Derasar, B/h, Sales India, Paldi, Ahmedabad 380007
Registrar & Share Transfer Agent
Purva Sharegistry India Private Limited
Unit No. 9, Shiv Shakti Ind. Estate, J. R. Boricha Marg, Lower Parel (E), Mumbai 400011