AGM and Regulatory Disclosure

The 78th Annual General Meeting was convened on September 16, 2026, to approve audited financial statements and special business items including appointment of new statutory auditors J.C. Bhalla & Co, enhancement of borrowing limits to ₹200 crore, and approval of material related party transactions. The filing was submitted to BSE Limited in compliance with SEBI LODR Regulations.

Financial Performance Highlights

FY 2025-26 Consolidated Performance:

  • Revenue from operations: ₹122.59 lakhs (43.7% decline from FY25 ₹217.97 lakhs)
  • Net Loss: ₹99.92 lakhs (49.7% improvement from FY25 loss of ₹198.53 lakhs)
  • Total comprehensive loss: ₹102.39 lakhs (FY25: ₹316.97 lakhs)
  • No dividend recommended due to losses

Key Financial Position:

  • Cash and cash equivalents: ₹221.66 lakhs (significant increase from FY25 ₹0.13 lakhs)
  • Current Ratio: 74.86x (FY25: 0.85x)
  • Debt Equity Ratio: 0.00 (FY25: 0.33)
  • Borrowings reduced to nil with all working capital loans repaid

Capital Structure Changes

Significant Capital Raise:

  • Authorized share capital increased from ₹5 crore to ₹22 crore
  • Preferential allotment of 66.46 lakh shares raising ₹73.41 crore to promoters and non-promoters
  • Issued 93,12,364 fully convertible warrants at ₹31.41 per warrant with 25% amount received (₹731.25 lakhs)
  • Balance 75% (₹2,925.01 lakhs) receivable upon conversion within 18 months

Management and Operational Changes

Board Reconstitution (May 2025):

  • Mr. Arvinder Singh Pasricha appointed as Chairman and Non-Executive Director
  • Mr. Vinay Kumar Singh appointed as Managing Director and CFO
  • Complete board restructuring with resignations of previous management

Business Transformation:

  • Company transitioned to real estate business with amended object clause
  • Registered office shifted from Mumbai to New Delhi effective April 20, 2026
  • Company name changed from Ador Multiproducts Limited to Thrive Future Habitats Limited

Subsidiary Transactions

Divestment of Aura Flow Private Limited:

  • Sold effective March 30, 2026 with proceeds of ₹0.02 lakhs
  • Gain on sale recognized: ₹2.55 lakhs (classified under Exceptional Items)

Impairment in 1908 E-Ventures Private Limited:

  • Total impairment charge: ₹93.76 lakhs (recognized in previous year)
  • Tangible and intangible assets impairment recorded

Auditor Changes

Statutory Auditors:

  • M/s. Praveen & Madan resigned w.e.f. August 5, 2026
  • M/s. J.C. Bhalla and Co. appointed subject to shareholder approval

Secretarial Auditors:

  • M/s. Neeta A & Associates appointed for 5 years (FY2026-27 to FY2030-31)

Key Financial Ratios

  • Return on Equity: -4.28% (FY25: -86.27%)
  • Net Profit Margin: -83.52% (FY25: -145.42%)
  • Operating Profit Margin: -70.01% (FY25: -24.58%)
  • Debtors Turnover: 14.75 (FY25: 12.14)

Regulatory Compliance and Outlook

Secretarial Audit Report noted minor compliance deviations including delayed publication of financial results advertisement. Company remains optimistic about growth prospects in both personal care industry and strategic entry into real estate sector, focusing on operational excellence and disciplined business expansion with strong liquidity position supporting future initiatives.