AGM Details

  • Meeting Date: 21st September 2026 at 3:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM) only
  • Cut-off date for e-voting: 14th September 2026
  • e-voting period: 18th September 2026 (9:00 AM) to 20th September 2026 (5:00 PM)
  • Scrutinizer: Kashyap R. Mehta (FCS 1821) of Kashyap R. Mehta & Partners

Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Sunil S. Ahuja (DIN: 00064612) who retires by rotation

Special Business:

3. Appointment of Mr. Parth B. Thakkar (DIN: 10709057) as Independent Director for 5 years from 1st September 2026 to 31st August 2031

4. Appointment of Ms. Rajkumari R. Udhwani (DIN: 02636225) as Independent Director for 5 years from 1st September 2026 to 31st August 2031

5. Appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for 5 years from FY 2026-27 to FY 2030-31 at remuneration of ₹75,000 plus taxes per annum

Financial Performance (₹ lakhs)

| Particulars | 2025-26 | 2024-25 | Change |

| Profit before Interest & Depreciation | 63.62 | 59.36 | +7.2% |

| Profit before Tax | 56.64 | 50.79 | +11.5% |

| Profit after Tax | 47.30 | 42.57 | +11.1% |

| Current Tax | 9.69 | 8.63 | +12.3% |

| Deferred Tax Benefit | (0.35) | (0.53) | - |

Key Financial Position (as at 31st March 2026)

  • Paid-up Share Capital: ₹302.16 lakhs (30,21,600 equity shares of ₹10 each)
  • Reserves & Surplus: ₹256.53 lakhs
  • Cash & Bank Balances: ₹459.77 lakhs (including deposits of ₹414.75 lakhs)
  • Current Ratio: 16.29 (15.53 in previous year)
  • Return on Networth: 10.02% (9.82% in previous year)
  • EPS: ₹1.56 (₹1.41 in previous year)

Operational Highlights

  • Manufacturing operations suspended since 1st February 2015
  • No production/sale of wheat flour during FY 2025-26 or previous year
  • Income primarily from rental income (₹65.09 lakhs) and interest income (₹26.47 lakhs)
  • Company has no debt outstanding

Dividend

No dividend recommended for FY 2025-26 to conserve resources for working capital requirements.

Board and Management Changes

  • Mr. Mann A. Ahuja appointed as Non-Executive Non-Independent Director w.e.f. 23rd July 2025
  • Ms. Ankita Amariya resigned as Company Secretary w.e.f. 1st January 2026
  • Mr. Bandish Rana appointed as Company Secretary & Compliance Officer w.e.f. 1st January 2026
  • Mr. Hargovind H. Parmar and Ms. Unnati S. Bane to retire as Independent Directors after AGM

Auditor Appointments

  • Statutory Auditors: M/s. N K Aswani & Co. (appointed for 5 years till FY 2027-28)
  • Internal Auditors: M/s. Harish V. Gandhi & Co.
  • Secretarial Auditors: M/s. Kashyap R. Mehta & Partners (proposed for 5 years)

Corporate Governance

  • Paid-up capital below ₹10 crores and net worth below ₹25 crores - certain corporate governance regulations not applicable
  • Filed Non-Applicability Certificate with exchange
  • Board met 7 times during FY 2025-26

Shareholding Pattern

  • Promoter group holding approximately 21.02%
  • Shares dematerialized with ISIN INE897A01011
  • Physical share transfers not permitted per SEBI guidelines

Other Disclosures

  • No material changes or commitments affecting financial position post 31st March 2026
  • No fraud reported by auditors
  • No pending litigations impacting financial position
  • No CSR obligations applicable
  • Whistleblower policy in place, no complaints received
  • No sexual harassment cases reported