Key Financial Figures (Amount in ₹ Lakhs)

Financial Performance Summary:

  • Total Income: ₹33.25 (Previous year: ₹43.22)
  • Other Income: ₹33.25 (comprising dividend and interest income)
  • Total Expenditure: ₹28.00 (Previous year: ₹32.04)
  • Profit before tax and depreciation: ₹5.25 (Previous year: ₹11.18)
  • Depreciation: ₹4.90 (Previous year: ₹5.04)
  • Tax expenses: ₹(-2.00) (Previous year: ₹1.82)
  • Net profit after tax: ₹7.25 (Previous year: ₹9.36)
  • Balance carried forward: ₹331.19 (Previous year: ₹323.94)

Capital Structure:

  • Paid-up Equity Share Capital: ₹720.00 (7,20,00,000 equity shares of ₹1 each)
  • No change in share capital during the year

Asset Position:

  • Non-current Assets: ₹670.37
  • Current Assets: ₹388.48
  • Total Assets: ₹1,058.85
  • Investments: ₹577.09 (including mutual funds, bonds, and equity shares)
  • Cash and cash equivalents: ₹17.13

Annual General Meeting Details

  • 33rd AGM Date: Saturday, 1st August, 2026
  • Time: 9:30 AM
  • Mode: Video Conference/Other Audio-Visual Means (VC/OAVM)

Agenda Items:

Ordinary Business:

1. To receive, consider, approve and adopt Audited Financial Statements and Reports of Board of Directors and Auditors for FY ended March 31, 2026

2. To appoint director in place of Mrs. Sonal V. Raja (DIN: 07122685) who retires by rotation

Special Business:

3. Approval to enter into Related Party Transactions with Mr. Nandit V. Raja, Promoter and relative of director

4. Approval to enter into Related Party Transactions with Mrs. Sonal V. Raja, Promoter and Director

Related Party Transactions

  • Nature: Lease agreements for registered office premises
  • Parties: Mr. Nandit V. Raja and Mrs. Sonal V. Raja
  • Terms: ₹15,000 per month each (₹1,80,000 annually per party)
  • Period: 11 months and 29 days from date of AGM approval
  • Rationale: Arm's length basis, lower rent compared to market rates

Board and Governance Structure

Directors as on March 31, 2026:

1. Mr. Vipul H. Raja - Chairman and Managing Director (DIN: 00055770)

2. Mrs. Sonal V. Raja - Non-Executive Director (DIN: 07122685)

3. Mrs. Dipali Patel - Non-Executive Independent Director (DIN: 08987939)

4. Mr. Ansh Mashruwala - Non-Executive Independent Director (DIN: 10335948)

Key Managerial Personnel:

1. Mr. Vipul H. Raja - Chairman & Managing Director

2. Mrs. Nidhi Shah - Company Secretary

3. Mr. Vipul P. Patel - Chief Financial Officer

Board Meetings:

  • 5 meetings held during FY 2025-2026 on: 17th April 2025, 24th April 2025, 7th August 2025, 15th October 2025, and 23rd January 2026
  • All directors attended all meetings

Committee Structure:

  • Audit Committee: Met 4 times, chaired by Mr. Ansh Mashruwala
  • Nomination and Remuneration Committee: Met 1 time, chaired by Mr. Ansh Mashruwala
  • Stakeholders' Relationship Committee: Met 4 times, chaired by Mr. Ansh Mashruwala

Operational Review

  • No operational revenue during the year under review
  • Income solely from dividends and interest on investments
  • Company engaged in providing consultancy services but earned no orders
  • Kutch salt pan project halted due to local conditions and environment
  • Investment in Aalps Infraspace LLP (19% share) - project stopped, significant amount received back

Dividend

  • No dividend recommended for FY 2025-2026 due to business needs
  • No unclaimed dividend amounts requiring transfer to Investor Education and Protection Fund

Shareholding Pattern (as on March 31, 2026)

  • Total shares: 7,20,00,000 equity shares of ₹1 each
  • Promoter holding: 55.64%
  • Public holding: 44.36%
  • Dematerialized shares: 78.20% of total capital
  • Major shareholders:
  • Vipul H Raja: 23.82%
  • Anjan H Raja: 12.91%
  • Sonal V Raja: 9.89%
  • Nandit V Raja: 8.90%

Compliance Status

  • No material orders passed by regulators/courts impacting going concern status
  • Adequate internal financial controls maintained
  • No fraud reported by auditors
  • All applicable laws complied with
  • No deposits accepted from public
  • No corporate social responsibility requirements applicable

E-voting Arrangements

  • Remote e-voting period: July 29, 2026 (9:00 AM) to July 31, 2026 (5:00 PM)
  • Cut-off date: July 24, 2026
  • Service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Kamlesh M. Shah, Practicing Company Secretary

Other Disclosures

  • Segment reporting: Single business segment (consultancy services)
  • Foreign exchange: No earnings or outgo
  • Employee strength: 4 employees including KMPs
  • Director remuneration: ₹0.28 lakhs as sitting fees (no other remuneration)
  • Conservation of energy: Not applicable to the company