Financial Performance (FY 2025-26)

  • Total Income: ₹26.31 crore (Previous year: ₹22.45 crore)
  • Profit Before Tax (PBT): ₹2.62 crore (Previous year: ₹9.12 crore)
  • Tax Expense: ₹56.60 lakhs (Current tax: ₹48.00 lakhs, Deferred tax: ₹12.05 lakhs, Earlier year tax: -₹3.45 lakhs)
  • Profit After Tax (PAT): ₹2.05 crore (Previous year: ₹7.83 crore)
  • Other Comprehensive Income: ₹25.58 lakhs
  • Total Comprehensive Income: ₹2.31 crore
  • Retained Earnings: ₹58.27 crore (brought forward: ₹56.22 crore)
  • Earnings Per Share (EPS): ₹12.97 (Basic and Diluted)

Operations and Business Segments

  • The company operates in three segments: Construction & Contracts, Estate Dealing & Development, and Infrastructure & hospitality activities
  • Segment Revenue: Construction & Contracts: ₹7.96 crore, Infrastructure & hospitality: ₹6.46 crore
  • Total Revenue from Operations: ₹14.42 crore
  • Other Income: ₹11.89 crore (mainly interest income of ₹9.01 crore)

Capital Structure

  • Authorized Capital: 17,50,000 equity shares of ₹10 each (₹17.50 lakhs)
  • Issued, Subscribed & Paid-up Capital: 15,83,250 equity shares of ₹10 each (₹15.83 lakhs)
  • Promoter Holding: 56.09% (8,88,100 shares)
  • Public Holding: 43.91% (6,95,150 shares)

58th Annual General Meeting Details

Date: Wednesday, September 30, 2026 at 3:00 PM

Venue: Registered Office at 7, Thakkers, Near Nehru Garden, Nashik 422 001

Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)

Agenda Items:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26

2. Re-appointment of Mr. Chetan Giridharlal Batavia (DIN: 00400700) as Director who retires by rotation

Special Business:

3. Appointment of Ashok Surana, Peer Reviewed Practicing Company Secretaries, as Secretarial Auditor for 5 years from FY 2026-27 to FY 2030-31

Corporate Governance

  • Board met 5 times during FY 2025-26
  • Reconstitution of Board with new Independent Directors appointed
  • All Directors affirmed compliance with Code of Conduct
  • Adequate internal financial controls maintained with no material weaknesses
  • Vigil Mechanism/Whistle Blower Policy implemented

CSR Activities

  • CSR obligation for FY 2025-26: ₹6.99 lakhs
  • Full amount spent on eligible CSR activities
  • CSR Committee comprises Mr. Gaurav Jitendra Thakker (Chairman), Mr. Chetan Giridharlal Batavia, and Mr. Manish Vilas Lonari

Auditors and Reports

  • Statutory Auditors: M/s. Karwa Malani Kalantri & Associates, Chartered Accountants
  • Internal Auditors: M/s. S. S. Dhoot & Company, Chartered Accountants
  • Secretarial Auditor: Ashok Surana, Practicing Company Secretaries
  • All auditors issued unmodified opinions with no qualifications

Related Party Transactions

All related party transactions were in ordinary course of business and at arm's length basis. Significant transactions include:

  • Inter-corporate deposits with related parties: ₹80.72 crore
  • Lease deposits with related parties: ₹26.05 crore
  • Advances for property with related parties: ₹14.68 crore

Key Financial Ratios

  • Current Ratio: 5.39 (Previous year: 0.97)
  • Debt to Equity: 0.39 (Previous year: 0.80)
  • Return on Equity: 3% (Previous year: 8%)

Other Disclosures

  • No dividend declared for FY 2025-26
  • No deposits accepted from public
  • No material orders passed by regulators/courts
  • No frauds reported by auditors
  • 27 permanent employees on rolls as of March 31, 2026
  • Median employee remuneration: ₹3,30,275