Key Quantitative Figures

  • Share Capital: ₹10,16,13,000 (unchanged from previous year)
  • Reserves and Surplus: ₹1,44,34,315.17 (down from ₹1,86,39,973.40)
  • Total Income: ₹28,13,032.40 (down 77.45% from ₹1,24,76,230.19)
  • Total Expenses: ₹70,18,691.16 (up 119.15% from ₹32,02,285.95)
  • Net Profit/(Loss): ₹(42,05,658.76) loss (vs. ₹92,73,944.24 profit in FY19)
  • EPS: ₹(0.41) (vs. ₹0.91 in FY19)
  • Long-term Borrowings: ₹1,62,08,961.78 (up from ₹1,39,61,297.32)
  • Trade Payables: ₹1,98,36,715.52 (up from ₹81,60,803.50)
  • Current Investments: ₹2,85,54,995.84 (up from ₹1,53,88,463.84)
  • Short-term Loans & Advances: ₹12,29,36,776.40 (up from ₹11,30,90,768.00)

Dates of Action

  • AGM Date: August 29, 2026 at 11:30 AM
  • Financial Year End: March 31, 2020
  • Board Meeting Dates: 11.04.2019, 18.04.2019, 30.05.2019, 14.08.2019, 03.11.2019, 15.01.2020
  • Director Resignations: April 11, 2019 (three directors)
  • New Director Appointments: April 18, 2019 and August 8, 2019

Parties Involved

  • Statutory Auditors: Mulraj D Gala & Co, Chartered Accountants
  • Secretarial Auditor: Neha Anup Poddar, Company Secretary
  • Registrar & Share Transfer Agent: Skyline Financial Services Private Limited
  • Stock Exchanges: BSE Limited and Metropolitan Stock Exchange of India Limited
  • Board Members: Kiran Bhogate (Executive Director), Sidu Mahadev Jambhale (Independent Director), Prajakta Ashok Patil (Independent Director)

Financial and Operational Impact

  • Zero revenue from operations during FY20
  • Other income declined significantly due to reduction in investment income
  • Substantial losses in Futures & Options (F&O) trading (₹30,71,484.25) and Short-Term Capital Loss (₹18,76,949.28)
  • No dividend recommended for FY20
  • No amount transferred to general reserves
  • Company faced operational paralysis due to MCA portal lockout affecting statutory compliance

Capital Structure Impact

  • No change in share capital during the year
  • No dilution or change in promoter holding disclosed

Governance Developments

  • Complete board reconstitution in FY20 with three new directors
  • Audit Committee met four times during the year
  • Nomination and Remuneration Committee met once
  • Stakeholders Relationship Committee met once
  • Company acknowledges non-compliances with SEBI LODR Regulations and Companies Act
  • Pending regularization of board composition with ROC Ahmedabad

Forward-looking Statements

  • Company plans to convene backlogged AGMs after regularization of MCA records
  • Intent to submit compounding applications for timeline delays
  • Focus on restoring internal financial control processes
  • No specific business outlook or guidance provided

Additional Information

  • Annual listing fees pending payment to stock exchanges
  • Trading in company shares currently suspended
  • No subsidiary companies
  • No material related party transactions
  • No fraud reported by statutory auditors

#Tags: #ShriMahalaxmi #AGM2026 #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #CorporateGovernance #Neutral