Key Financial Figures (FY 2024-25)

  • Revenue from operations: ₹0.00 (Nil)
  • Other income: ₹1,484.00 (dividend income only)
  • Total expenses: ₹6,074.97
  • Profit/(Loss) before tax: (₹4,590.97) loss
  • Tax expense: ₹0.00 (Nil)
  • Profit/(Loss) after tax: (₹4,590.97) loss
  • Basic and diluted EPS: (₹0.00) per share
  • Paid-up equity share capital: ₹10,16,13,000.00
  • Reserves and surplus: ₹2,08,30,972.38
  • Total assets: ₹18,35,59,777.55
  • Long-term borrowings: ₹5,56,12,023.20
  • Long-term loans and advances: ₹17,95,96,850.93
  • Trade payables: ₹45,02,955.29
  • Current investments: ₹12,65,007.39
  • Cash and bank balances: ₹5,29,106.47

Comparative Financial Performance (vs. FY 2023-24)

  • Other income decreased from ₹9,30,734.79 to ₹1,484.00
  • Total expenses decreased from ₹64,887.56 to ₹6,074.97
  • Profit turned to loss from ₹8,65,847.23 profit to (₹4,590.97) loss
  • EPS decreased from ₹0.09 to (₹0.00)

Annual General Meeting Details

  • Date: Saturday, August 29, 2026
  • Time: 2:00 PM
  • Mode: Video Conference (VC) or Other Audio Visual Means (OAVM)
  • Record date: Friday, August 21, 2026
  • Remote e-voting period: August 26, 2026 (9:00 AM) to August 28, 2026 (5:00 PM)

Agenda Items for AGM

1. Adoption of audited standalone financial statements for FY ended March 31, 2025

2. Appointment of Mr. Kiran Bhogate (DIN: 07844152) as Executive Director liable to retire by rotation

3. Appointment of Ms. Neha Anup Poddar, Practicing Company Secretary (ACS No.: 28326, COP No.: 26322) as Secretarial Auditor for FY 2024-25 at remuneration to be fixed by Board

Board of Directors Composition

  • Executive Director: Mr. Kiran Vitthal Bhogate (DIN: 07844152)
  • Non-executive Independent Directors:
  • Ms. Prajakta Ashok Patil
  • Mr. Sidu Mahadev Jambhale (DIN: 08549263)

Statutory Auditors

Mulraj D Gala & Co, Chartered Accountants (Firm Registration No. 0145406W)

Address: B-21, R C Marg, Chembur Naka, Mumbai, Maharashtra: 400017

Registrar and Share Transfer Agent

Skyline Financial Services Private Limited

D-153 A Ist Floor Okhla Industrial Area, Phase - I, New Delhi-110 020

Tel: 011-26812682

Compliance Status and Issues

  • Company reported zero operational revenue for FY 2024-25 and FY 2023-24
  • Technical lockout on MCA portal prevented statutory filings since FY 2017-18
  • Trading in equity shares suspended on BSE and MSEI
  • Annual listing fees pending payment to stock exchanges
  • Board composition requires regularization with ROC Ahmedabad
  • Secretarial Audit Report noted significant non-compliances with Companies Act, 2013 and SEBI LODR Regulations

Key Ratios (FY 2024-25)

  • Current Ratio: 0.72 (0.70 in FY 2023-24)
  • Debt Equity Ratio: 0.45 (0.454 in FY 2023-24)
  • Return on Net Worth: -0.004% (0.71% in FY 2023-24)
  • Debtors Turnover, Inventory Turnover, Interest Coverage Ratio: Not Applicable (no operations)

Dividend Declaration

No dividend recommended for FY 2024-25 due to loss and need to conserve resources.

Corporate Governance

  • Audit Committee met 4 times during FY 2024-25
  • Nomination and Remuneration Committee met once
  • Stakeholders Relationship Committee met once
  • No investor grievances pending at year-end
  • Vigil mechanism/whistle-blower policy established

Capital Structure Impact

No change in share capital during FY 2024-25. Paid-up equity share capital remains at ₹10,16,13,000.00 comprising 1,01,61,300 equity shares of ₹10 each.

Cash Flow Implications

  • Net cash outflow from operating activities: ₹4,296
  • Net cash inflow from investing activities: ₹1,649
  • No cash flow from financing activities
  • Net decrease in cash and equivalents: ₹2,647

Forward-looking Statements

Board continues to evaluate lawful and commercially viable opportunities consistent with company objects while focusing on asset preservation, recovery of loans and advances, investment oversight, liquidity and regulatory compliance.