Key Financial Figures (FY 2025-26)
- Total Revenue from Operations: ₹154.40 lakhs (Previous year: ₹0.00 lakhs)
- Profit Before Tax: ₹0.58 lakhs (Previous year: Loss of ₹1.17 lakhs)
- Profit After Tax: ₹0.43 lakhs (Previous year: Loss of ₹1.17 lakhs)
- Share Capital: ₹305.69 lakhs (Previous year: ₹1.00 lakhs)
- Trade Receivables: ₹228.97 lakhs
- Cash and Cash Equivalents: ₹0.97 lakhs
- Other Current Assets: ₹226.37 lakhs
- Short Term Borrowings: ₹16.17 lakhs
- Trade Payables: ₹129.15 lakhs
AGM Details
- Date: September 28, 2026
- Time: 2:30 PM
- Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Record Date: September 21, 2026
- Remote e-voting period: September 24-27, 2026
AGM Agenda Items
Ordinary Business
1. Adoption of audited financial statements, Director's Report and Auditor's Report for FY 2025-26
Special Business
2. Increase in borrowing limits to ₹500 crore under Section 180(1)(c) of Companies Act, 2013
3. Creation of security on company assets up to ₹500 crore under Section 180(1)(a)
4. Approval for loans, guarantees, securities and investments up to ₹500 crore under Section 186
5. Alteration of Object Clause and Ancillary Objects Clause of Memorandum of Association
6. Adoption of new Articles of Association
7. Appointment of Mr. Amit Suresh Ninawe (DIN: 11707767) as Executive Director at ₹1,00,000/month for 5 years
8. Appointment of Mr. Lalit Naresh Nagdev (DIN: 11709670) as Executive Director at ₹1,00,000/month for 5 years
9. Appointment of Mr. Chandraprakash Wadhwani (DIN: 00300084) as Non-Executive Non-Independent Director (Promoter Category)
10. Appointment of Mr. Gaurav Patel (DIN: 08889698) as Non-Executive Independent Director for 5 years
11. Appointment of Mr. Manish Tarachand Pande (DIN: 08712019) as Non-Executive Independent Director for 5 years
12. Appointment of Ms. Neha Hardeepsingh Narang (DIN: 11666521) as Non-Executive Non-Independent Woman Director
Board Composition Changes (Post March 31, 2026)
New Appointments (June 30, 2026)
- Mr. Chandraprakash Wadhwani - Additional Non-Executive Director & Chairperson
- Mr. Gaurav Patel - Additional Independent Director
- Mr. Manish Pande - Additional Independent Director
- Ms. Neha Narang - Additional Non-Executive Director
New Appointments (June 6, 2026)
- Mr. Lalit Nagdev - Additional Executive Director
- Mr. Amit Ninawe - Additional Executive Director
Key Managerial Personnel Changes (Post March 31, 2026)
- Mr. Lalit Nagdev appointed as CEO & Executive Director (from June 30, 2026)
- Mr. Amit Ninawe appointed as CFO & Executive Director (from June 30, 2026)
- Ms. Ankita Hande appointed as Company Secretary & Compliance Officer (from June 30, 2026)
Previous KMP (as on March 31, 2026)
- Mr. Prashant Avantilal Vora - Managing Director (ceased June 30, 2026)
- Mr. Gaurav Baid - Chief Financial Officer (ceased June 30, 2026)
- Mrs. Saloni Abhishek Shah - Company Secretary & Compliance Officer (ceased June 30, 2026)
Scheme of Demerger
The company completed demerger from Parshva Enterprises Limited through NCLT order dated October 13, 2025. Issued 30,56,925 equity shares to shareholders of Parshva Enterprises in ratio of 3:10 (3 shares of Simandhar for every 10 shares of Parshva).
Financial Performance Analysis
- Trade Receivable Turnover Ratio: 0.67 times
- Current Ratio: 14.17 (Previous year: 101.93)
- Debt Equity Ratio: 0.05 (Previous year: -24.01)
- Interest Coverage Ratio: 3.93 times (Previous year: 7.37)
- Net Profit Margin: 0.28%
- Return on Capital Employed: 12.18%
Secretarial Audit
Secretarial audit report by M/s. JSD & Associates contains no qualifications or adverse remarks.
Related Party Transactions
Company had transactions with related parties including loans from directors amounting to ₹16.17 lakhs. All transactions were at arm's length and in ordinary course of business.
Compliance Status
Company complied with all applicable secretarial standards and regulatory requirements. No material orders were passed by regulators/courts during the year.