Key Financial Figures (FY 2025-26 vs. FY 2024-25)

  • Revenue from Operations: ₹1,322,785 (Prev. ₹1,095,804)
  • Other Income: ₹341,465 (Prev. ₹258,888)
  • Total Income: ₹1,664,250 (Prev. ₹1,354,692)
  • Total Expenditure: ₹1,523,246 (Prev. ₹1,423,400)
  • Profit/(Loss) before Tax: ₹141,004 (Prev. Loss ₹68,708)
  • Tax Expense (Net): ₹35,727 (Prev. Tax Credit ₹15,718)
  • Net Profit/(Loss): ₹105,276 (Prev. Loss ₹52,990)
  • Earnings Per Share (EPS): ₹0.88 (Prev. Loss ₹0.45)

Capital Structure

  • Authorised Share Capital: ₹16,50,00,000 (1,65,00,000 equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹1,19,05,000 (11,90,500 equity shares of ₹10 each)
  • Preferential Warrants: The company received in-principle approval from BSE on April 29, 2025, for 38,09,500 equity warrants. It received applications and 25% payment for 24,15,000 warrants only, amounting to ₹3,92,43,750. These warrants are convertible into equity shares at a premium of ₹55 per share (₹65 total issue price) within 18 months.
  • Reporting Error: The company erroneously filed PAS-3 for these 24,15,000 warrants as fully paid-up equity shares, leading to a mismatch in reported paid-up capital. A rectification application (GNL-1) has been filed with MCA and is under process.

AGM Details

  • Date: 30th September 2026
  • Time: 11:30 AM
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue is the Registered Office at R-489, GF-A, New Rajinder Nagar, New Delhi – 110060.
  • Record Date: 25th September 2026
  • Book Closure: 25th September 2026 to 30th September 2026 (both days inclusive)

Agenda for AGM

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026, along with Directors' and Auditors' Reports.

2. Re-appointment of Mr. Anmol Verma (DIN: 10105072) as a Director, who retires by rotation.

Special Business:

3. Special Resolution: To approve making loans/guarantees/investments under Section 186 of the Companies Act, 2013, in excess of prescribed limits. The company seeks to increase the aggregate limit from ₹15,00,00,000 to ₹20,00,00,000.

Key Operational Highlights

  • The company is engaged in commission agency, brokerage, management consultancy, and trading (e.g., rice, jewellery).
  • No dividend was recommended for FY 2025-26 to conserve resources.
  • No amount was transferred to reserves.
  • The company is in the process of voluntarily delisting from the Calcutta Stock Exchange (CSE), which has no active trading platform. Shares remain listed on BSE.

Corporate Governance & Appointments

  • Board of Directors: Comprises 7 directors, including Executive, Non-Executive, and Independent Directors.
  • Key Managerial Personnel (KMP): Ms. Vinod Bala (Chairman, Whole-time Director & CFO); Mr. Chetan Malik (Company Secretary & Compliance Officer).
  • Auditors:
  • Statutory Auditor: M/s. G. K. Kedia & Co., Chartered Accountants (Firm Reg. No. 013016N). Appointed for 5 years until the AGM of 2030.
  • Secretarial Auditor: M/s. B. Bhushan & Co., Company Secretaries.
  • Internal Auditor: M/s. Mittal Jindal & Associates, Chartered Accountants.
  • Board Meetings: 5 meetings were held during FY25-26.

Auditor's Remarks

  • The Statutory Auditor's report is unmodified but contains a Key Audit Matter regarding an advance of ₹2,50,00,000 to Penganga Properties Private Limited. The purpose and commercial substance of this advance were not finalized as of the reporting date, requiring significant auditor judgment regarding its classification and recoverability.
  • The Secretarial Audit Report notes several observations:
  • The company website was not updated during the year.
  • The erroneous filing of PAS-3 for warrants as equity shares.
  • Past fines levied by BSE for various regulatory delays (e.g., submission of scrutinizer's report, related party transactions) have been mostly withdrawn or paid.

Related Party Transactions (RPTs)

All RPTs were conducted at arm's length in the ordinary course of business. The total value of material RPTs is below the specified threshold. Key transactions include:

  • Remuneration to Ms. Vinod Bala (WTD & CFO): ₹300,000
  • Rent paid to Best Properties Pvt Ltd. (Relative of Director): ₹120,000

Other Material Information

  • Loans & Advances: The company has given various loans and advances. Significant overdue amounts include ₹92,14,118 from Worldlink Finance Ltd. (suit filed) and ₹31,80,198 from I-stay Hospitality Pvt Ltd.
  • Internal Financial Controls: The auditors report that the company has adequate internal financial controls.
  • Vigil Mechanism: A Whistle Blower Policy is in place. No complaints were received during the year.
  • Corporate Social Responsibility (CSR): Not applicable to the company.
  • Dematerialization: 94.84% of the company's equity shares are held in dematerialized form.