Financial Highlights

Profit & Loss Statement (₹ in '00)

| Metric | Current Year (2025-26) | Previous Year (2024-25) |

| Profit before Interest, Depreciation & taxes | (2,24,038) | (2,294) |

| Finance Charges | 943 | 5,282 |

| Profit/(Loss) before Depreciation & Taxes | (2,24,981) | (7,576) |

| Depreciation | 1,598 | 212 |

| Profit/(Loss) Before Provision & Taxes | (2,26,579) | (7,788) |

| Exceptional Items | (25,022) | 0 |

| Current Tax | — | (11,420) |

| Deferred Tax | (60,846) | (16,815) |

| Income Tax for previous year | 1,055 | 0 |

| Profit/(Loss) after Tax | (1,91,810) | (2,393) |

| Balance brought forward | 60,062 | 62,454 |

| Balance Carried to Balance Sheet | (1,31,748) | 60,062 |

Key Financial Metrics

  • Revenue from operations: ₹320.49 lakh (94% increase from ₹130.31 lakh in previous year)
  • EBITDA: ₹(224.04) lakh vs ₹(2.29) lakh previous year
  • Loss after tax: ₹(191.81) lakh vs ₹(2.39) lakh previous year
  • Depreciation: ₹1.60 lakh vs ₹0.21 lakh previous year

Exceptional Item

During the year, the company wrote off ₹25.02 lakh representing a claim against Punjab & Sind Bank arising from fraudulent withdrawal of funds by a bank official in FY 1997-98. The matter remains under litigation.

Balance Sheet Position (as of 31.03.2026)

  • Net fixed assets: ₹12.23 lakh (vs ₹0.48 lakh previous year)
  • Net worth: ₹842.51 lakh (14.994% increase from ₹562.19 lakh)
  • Paid-up Equity Share Capital: ₹774.44 lakh comprising 73,94,800 equity shares of ₹10 each and ₹34.96 lakh from 8,04,800 forfeited shares
  • Authorized Share Capital: ₹785.00 lakh (78,50,000 equity shares of ₹10 each)

Share Capital Changes

During FY 2025-26, the company made a preferential allotment of 31,47,500 equity shares of face value ₹10 at a premium of ₹5 per share. No other securities were issued.

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Change |

| Current Ratio | 193.91 | 71.38 | 172% |

| Operating Profit Margin (%) | -79% | -6% | 1214% |

| Net Profit Margin (%) | -60% | -2% | 3160% |

| Return on Net Worth | -23% | 0% | 5250% |

| EBITDA Margin | -70% | -6% | 1107% |

| Earnings per share (₹) | (2.62) | (0.06) | 4548% |

Dividend Declaration

No dividend recommended for the year to conserve resources and build up reserves.

Corporate Governance & Board Matters

Board Composition

  • Mr. Anuj Agarwal - Managing Director (DIN: 02984121)
  • Mr. Laxmi Kant Jajodia - Non-Executive Independent Director (DIN: 00570216)
  • Mr. Anup Chattopadhyay - Non-Executive Independent Director (DIN: 10042485)
  • Ms. Poonam Bathwal - Company Secretary & Compliance Officer
  • Mr. Jaswinder Singh - CFO

Board Meetings

6 meetings held during the year on: 09.04.2025, 27.05.2025, 12.08.2025, 22.08.2025, 13.11.2025, and 06.02.2026. All directors attended all meetings.

Director Reappointment

Mr. Anuj Agarwal retires by rotation and is recommended for reappointment at the ensuing AGM.

Statutory Appointments

Auditors

M/s. M.K. Kothari & Associates, Chartered Accountants (Firm Reg. No. 0323929E) continue as statutory auditors and are recommended for reappointment for another 3 years. Their audit report contains no qualifications or adverse remarks.

Secretarial Auditor

Mr. Navneet Jhunjhunwala of M/s N.Jhunjhunwala & Associates (FCS No. 6397) conducted secretarial audit with no qualifications or adverse remarks.

Operational Highlights

Business Operations

The company is a non-deposit taking Non-Banking Financial Company (NBFC-ND) registered with RBI (Registration No. 05.02614 dated 04.06.1998) engaged in investments and lending.

Shareholding Pattern (as on 31.03.2026)

  • Indian Promoters: 56.33% (41,65,361 shares)
  • Indian Public including corporate bodies: 43.67% (32,29,439 shares)
  • Total shares: 73,94,800
  • Dematerialized shares: 69,72,594 (94.29% of total)

AGM Details

  • Date: 28th September, 2026
  • Time: 10:00 A.M.
  • Venue: "Avani Signature", 91A/1, Park Street, Kolkata - 700 016
  • Book Closure: 22nd to 28th September, 2026 (both days inclusive)

RBI Compliance

The company fulfills RBI norms regarding recognition and provisioning of non-performing assets, capital adequacy, and statutory liquidity ratio.

Other Compliance

  • No deposits accepted from public under Section 73 of Companies Act, 2013
  • No material changes or commitments affecting financial position between year-end and report date
  • No proceedings under Insolvency and Bankruptcy Code, 2016
  • No significant orders passed by regulators/courts impacting going concern status
  • No fraud reported by auditors under Section 143(12)
  • No sexual harassment complaints received during the year

Management Commentary

Performance Review

Directors noted that revenue from operations increased by 94% over previous year but company recorded loss of ₹191 lakh for the year. Directors are striving to increase revenue and profitability.

Future Outlook

Directors are hopeful that performance will improve in coming year, expecting stable business conditions and good company performance.

Related Party Transactions

Transactions with related parties include:

  • Remuneration to KMPs: ₹24,000 to Anuj Agarwal, ₹6,000 to Poonam Bathwal, ₹9,000 to Jaswinder Singh
  • Director sitting fees: ₹2,000 each to Anup Chattopadhyay and Laxmi Kant Jajodia
  • Office rent paid to Dhanshree Enclave Pvt Ltd: ₹2,400

Employee Remuneration

Managerial Personnel

| Name | Designation | Remuneration (₹) |

| Anuj Agarwal | Managing Director | 24,00,000 |

| Poonam Bathwal | Director & Company Secretary | 6,00,000 |

| Jaswinder Singh | CFO | 9,00,000 |

Remuneration Ratio

Ratio of remuneration of each director to median employee remuneration:

  • Anuj Agarwal: 5.33:1
  • Poonam Bathwal: 1.33:1
  • Laxmi Kant Jajodia: 0.44:1
  • Anup Chattopadhyay: 0.44:1

Risk Management

The company has a defined Risk Management framework to identify, assess, monitor and mitigate various risks to key business objectives. Major risks are systematically addressed through mitigating actions.

Other Disclosures

  • Bankers: HDFC Bank Ltd., Punjab & Sindh Bank, ICICI Bank Ltd.
  • Registrars & Share Transfer Agents: Niche Technologies Pvt. Ltd., Kolkata
  • Listing: BSE (Scrip Code: 531509) and Calcutta Stock Exchange (Stock Code: 29182)
  • Compliance Officer: Ms. Poonam Bathwal