Key Financial Figures

Financial Performance (₹ in Lakhs):

  • Total Revenue: ₹4,806 (FY 2025-26) vs ₹7,359 (FY 2024-25)
  • Profit Before Tax: ₹32 (FY 2025-26) vs ₹38 (FY 2024-25)
  • Net Profit: ₹16 (FY 2025-26) vs Loss of ₹8 (FY 2024-25)
  • Total Comprehensive Income: ₹11 (FY 2025-26) vs ₹12 (FY 2024-25)
  • Turnover: ₹4,788 (FY 2025-26) vs ₹7,340 (FY 2024-25)
  • Production Volume: 2,771 MT (34% decrease from 4,193 MT previous year)
  • Earnings Per Share: ₹0.10 (FY 2025-26) vs ₹0.11 (FY 2024-25)

Financial Position as of 31st March 2026 (₹ in Lakhs):

  • Total Assets: ₹6,883
  • Total Equity: ₹3,031
  • Share Capital: ₹1,134.13 (11,341,320 equity shares of ₹10 each)
  • Borrowings: ₹2,140.42 (₹543.40 non-current + ₹1,597.02 current)
  • Trade Receivables: ₹3,416.94
  • Inventories: ₹838.45
  • Cash & Cash Equivalents: ₹85.31

Operational Highlights

  • Production was 34% lower at 2,771 MT compared to 4,193 MT in previous year
  • Company retained profitability despite production decline by adapting production plans
  • Exports remained suspended due to volatile international scenario and Iran/US war impact
  • Company received extension of anti-dumping duty benefit from Turkey for five years
  • 98.85% of paid-up equity share capital is in dematerialized form
  • Company has three manufacturing units: Two in Silvassa and one in Dharampur, Gujarat

AGM Details

  • Date: Wednesday, 30th September 2026
  • Time: 10:30 AM
  • Venue: Registered Office at Plot No. 45-46, Phase II, Piperia Industrial Estate, Silvassa-396230
  • Book Closure: 24th September 2026 to 30th September 2026 (both days inclusive)

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY ended 31st March 2026

2. Reappointment of Mr. Ramesh Kumar Mishra (DIN: 00245600) who retires by rotation

Special Business:

3. Ratification of remuneration of ₹55,000 plus expenses to M/s V.J. Talati & Co. as Cost Auditors for FY 2026-27

4. Reappointment of Mr. Piyush Patel (DIN: 09655113) as Non-Executive Independent Director for second term of 5 years from 30th June 2027 to 29th June 2032

Board and Management Details

Board of Directors:

  • R K Mishra - Chairman and Managing Director (DIN: 00245600)
  • S K Mishra - Director and CFO (DIN: 00304796)
  • H V Mishra - Director and CEO (DIN: 02810907)
  • Piyush Patel - Independent Director (DIN: 09655113)
  • Arti Shah - Independent Director
  • Rajnikant Manilal Mody - Independent Director

Key Managerial Personnel:

  • Manish Seksaria - Company Secretary

Professional Appointees:

  • Statutory Auditors: S M Gupta & Co. (appointed for 5 years from 29th September 2023)
  • Cost Auditors: V.J. Talati & Co. (Firm Registration No. R00213)
  • Secretarial Auditors: Vikas R Chomal & Associates
  • Internal Auditor: Mr. Sanjay Sarju Mishra
  • RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

Capital Structure Impact

  • No change in share capital during the year
  • No bonus shares, sweat equity, or ESOPs issued
  • No buyback of securities
  • 492,249 shares (4.34%) of Super Infincon Private Limited pledged in favor of Caparo Financial Solutions Limited

Significant Developments

  • Company delayed in depositing statutory dues: TDS ₹20.84 lakhs, Provident Fund ₹10.33 lakhs, Profession Tax ₹2.00 lakhs
  • Ongoing tax and GST disputes totaling ₹3,186.01 lakhs across multiple assessment years
  • Unsecured loans from directors: ₹452.06 lakhs (payable on demand)
  • Working capital facilities from Axis Bank (₹850 lakhs) and Punjab National Bank
  • Term loan of ₹600 lakhs from Caparo Financial Solutions Ltd. at 20% interest rate

Corporate Governance

  • Board met 4 times during the year
  • All three committees (Audit, Nomination & Remuneration, Stakeholders Relationship) are functional
  • Whistle Blower Policy and Code of Conduct for prevention of insider trading in place
  • No instances of fraud reported during the year
  • No complaints received under Sexual Harassment at Workplace policy

Voting Arrangements

  • Remote e-voting through CDSL from 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Physical voting at AGM venue for those not voting electronically
  • Mr. Vikas Chomal appointed as Scrutinizer for the voting process

Forward-looking Statements

Management discussed global economic challenges, geopolitical tensions affecting supply chains, and expectations of gradual recovery in textile sector. Company focused on developing new products including geo textiles and technical textiles.