Key Dates

  • AGM Date: Friday, 18th September 2026
  • AGM Time: 5:00 PM IST
  • AGM Mode: Video Conferencing / Other Audio Visual Means
  • Cut-off Date for E-voting: Monday, 11th September 2026
  • Remote E-voting Period: Monday, 14th September 2026 (9:00 AM) to Thursday, 17th September 2026 (5:00 PM)
  • Financial Year Ended: 31st March 2026

AGM Business

Ordinary Business:

1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026 together with the Reports of the Board of Directors and the Auditors thereon.

2. To appoint a Director in place of Mrs. Lalitha Cheripalli (DIN: 07026989), who retires by rotation and, being eligible, offers herself for re-appointment.

Financial Highlights (₹ in Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Revenue from operations | 42.79 | 23.03 |

| Other Income | 1.88 | 5.13 |

| Total Income | 44.67 | 28.16 |

| Total Expenses | 13.11 | 17.53 |

| Profit Before Tax | 31.56 | 10.63 |

| Less: Current Tax | 7.94 | 2.67 |

| Profit After Tax | 23.62 | 7.96 |

  • Basic EPS: ₹2.62 (Previous Year: ₹0.88)
  • Dividend: Not recommended for the year under review.
  • Transfer to Reserves: No amount proposed to be transferred to reserves.

Capital Structure

  • Authorized Share Capital: ₹5,00,00,000 divided into 50,00,000 equity shares of ₹10 each.
  • Paid-up Share Capital: ₹90,00,000 divided into 9,00,000 equity shares of ₹10 each. No change during the year.

Operations Review

  • The Company is primarily engaged in the activities of an Investment Company. There was no change in the nature of business.
  • Total income stood at ₹44.67 Lakhs compared to ₹28.16 lakhs in the previous year.
  • Profit before tax stood at ₹31.56 lakhs compared to ₹10.63 lakhs in the previous year.
  • The thrust of the business is to hold and continue to hold securities in various companies. The company holds ₹780.20 lakhs of its assets in the form of investments in Equity shares and Debentures.

Director Re-appointment

  • Mrs. Lalitha Cheripalli (DIN: 07026989), Executive Director, retires by rotation and is eligible for re-appointment.
  • The Board recommends her re-appointment.
  • Details of Director seeking re-appointment:
  • Directorships in other companies (as on 31st March 2026): Bhuwalka Steel Industries Limited, Innovrupt Infrastructure Private Limited, Perdignus Ventures Private Limited, Starteck Supermarts Private Limited, Pristinus Enterprises Private Limited.
  • Committee Memberships: Arunika Consulting Private Limited (NIL for Audit and Stakeholders' Relationship Committee).
  • Shareholding in the Company: NIL
  • Relationship with other Directors and KMP: None
  • Terms: Re-appointment as Whole-time Director, liable to retire by rotation.
  • Remuneration: NIL (Details of remuneration sought to be paid and last drawn remuneration are stated as NIL).
  • Board Meetings attended during FY 2025-26: 4 out of 4

Corporate Governance & Board Details

  • Board of Directors:
  • Mrs. Lalitha Cheripalli (Whole-time Director)
  • Mr. Pankaj Jain (Non-Executive Director)
  • Mr. Gautam Panchal (Independent Director)
  • Mrs. Sandhya Malhotra (Independent Director)
  • Key Managerial Personnel:
  • Mr. Jay Master (Chief Financial Officer)
  • Mrs. Shaily Dedhia (Company Secretary)
  • Auditors: M/s. Bagaria & Co. LLP, Chartered Accountants, Mumbai (Firm Registration No. 113447W/W-100019)
  • Bankers: Kotak Mahindra Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd.
  • RTA: M/s MUFG INTIME INDIA PRIVATE LIMITED

Board & Committee Meetings

  • The Board of Directors met 4 times during the financial year 2025-26 (27th May 2025, 5th August 2025, 11th November 2025, 5th February 2026). All directors attended all meetings.
  • Audit Committee: Met 4 times. Composition: Mr. Pankaj Jain (Chairman), Mr. Gautam Panchal (Member), Mrs. Sandhya Malhotra (Member).
  • Nomination and Remuneration Committee: Met 1 time. Composition: Mr. Gautam Panchal (Chairman), Mr. Pankaj Jain (Member), Mrs. Sandhya Malhotra (Member).
  • Stakeholders' Relationship Committee: Met 4 times. Composition: Mr. Pankaj Jain (Chairman), Mr. Gautam Panchal (Member), Mrs. Sandhya Malhotra (Member).
  • Separate Meeting of Independent Directors was held on 27th March 2026. All Independent Directors were present.

Auditor's Reports

  • Statutory Auditor (M/s. Bagaria & Co. LLP): Their report does not contain any qualification, reservation, adverse remark, disclaimer, or modified opinion.
  • Secretarial Auditor (Mr. Veeraraghavan N., Practicing Company Secretary): The Secretarial Audit Report (Form MR-3) confirms compliance with applicable statutory provisions.
  • Internal Auditor: M/s. Sandeep V. Chavan & Co., Chartered Accountants (Firm Registration No. 148937W).

Related Party Transactions

  • Transactions were carried out with related parties in the ordinary course of business.
  • Key Related Parties: Minteck Holdings Private Limited (Entity over which KMP has significant influence), Starteck Finance Limited (Entity over which KMP has significant influence), Key Managerial Personnel.
  • Transactions during the year:
  • Commission Income from Minteck Holdings Pvt. Ltd.: ₹7.00 Lakhs
  • Interest Income from Starteck Finance Limited: ₹1.88 Lakhs
  • Salary Expenses: ₹1.20 Lakhs
  • Directors' Sitting Fees: ₹0.70 Lakhs (Mrs. Sandhya Malhotra: ₹0.35 Lakhs, Mr. Gautam Panchal: ₹0.35 Lakhs)
  • Outstanding balances as at year-end:
  • Loans to Starteck Finance Limited: ₹19.72 Lakhs (Previous Year: ₹21.13 Lakhs)
  • Trade Receivables from Minteck Holdings Pvt. Ltd.: ₹8.16 Lakhs (Previous Year: Nil)

E-voting & AGM Attendance Instructions

  • The Board has engaged the services of National Securities Depository Limited (NSDL) for e-voting.
  • Mr. Veeraraghavan N., Company Secretary in Practice (COP No. 4334), appointed as the Scrutinizer.
  • Voting rights shall be in proportion to the paid-up equity share capital as on the cut-off date (11th September 2026).
  • Detailed instructions for remote e-voting and joining the AGM via VC/OAVM are provided for shareholders holding shares in both demat and physical form.
  • The facility for participation through VC/OAVM will be available for 1000 members on a first-come-first-served basis, excluding large shareholders, promoters, institutional investors, directors, KMP, etc.

Other Regulatory Disclosures

  • Deposits: The Company has not accepted any deposits from the public.
  • Corporate Social Responsibility (CSR): Provisions of Section 135 of the Companies Act, 2013 are not applicable.
  • Vigil Mechanism/Whistle Blower Policy: Established and posted on the company's website.
  • Internal Financial Controls: Considered adequate and operating effectively.
  • Material Orders: No significant material orders passed by regulators/courts/tribunals impacting the going concern status.
  • Fraud Reporting: No instances of fraud were reported by the auditors.
  • IEPF: Members are reminded about the transfer of unpaid dividends and shares to the Investor Education and Protection Fund (IEPF) Authority after seven consecutive years.

Website & Communication

  • The Notice and Annual Report are available on the company's website: www.sw1india.com
  • The company's email for investor grievances: cosec@sw1india.com