Key Quantitative Figures

  • Revenue from Operations: ₹220.63 crore for FY26 (₹400.35 crore in FY25)
  • Total Income: ₹220.63 crore for FY26 (₹400.96 crore in FY25)
  • Net Profit After Tax: ₹2.21 crore for FY26 (₹3.99 crore in FY25)
  • Paid-up Equity Share Capital: ₹5.57 crore comprising 55,74,400 equity shares of ₹10 each
  • NCD Issuance Proposed: ₹30 crore through 600 secured, unlisted, redeemable NCDs of face value ₹5,00,000 each
  • Capital Raising Proposal: Up to ₹100 crore through various permissible methods

Dates of Action

  • AGM Date: September 14, 2026, at 11:00 AM IST
  • Record Date for AGM: September 7-13, 2026 (both days inclusive)
  • Remote e-Voting Period: September 10, 2026 (9:00 AM) to September 13, 2026 (5:00 PM)
  • Bonus Share Allotment: March 25, 2026 (1:1 ratio)
  • Rights Issue Allotment: November 19, 2025 (11,23,200 shares at ₹80 per share)

Parties Involved

  • Statutory Auditor: M/s. TRAK & Associates (to be appointed for 5 years)
  • Previous Auditor: M/s. VASG & Associates
  • Secretarial Auditor: JNG & Co. LLP
  • Internal Auditor: M/s. S S A R & Associates
  • RTA: Bigshare Services Private Limited
  • Debenture Trustee Proposed: Axis Trustee Services Limited

Director Appointments/Regularizations

1. Mr. Chandaka Janardhanrao (DIN: 07959789) - Re-appointment as Whole Time Director for 5 years from August 25, 2026

2. Mr. Divaker Nandanam (DIN: 07547321) - Regularization as Non-Executive Independent Director for 5 years from January 20, 2026

3. Ms. Sheeza Abbas (DIN: 11888437) - Regularization as Non-Executive Independent Director for 5 years from August 18, 2026

4. Mr. Ramakrishna Avadhanam (DIN: 11888440) - Regularization as Whole Time Director for 5 years from August 18, 2026

NCD Issuance Details

  • Type: Senior, secured, unrated, unlisted, redeemable Series A Non-Convertible Debentures
  • Quantity: 600 NCDs
  • Face Value: ₹5,00,000 per NCD
  • Total Amount: ₹30 crore
  • Coupon Rate: 18% per annum payable semi-annually
  • Tenor: 48 months from allotment date
  • Lock-in Period: 12 months
  • Default Coupon: Additional 1% per annum over coupon rate
  • Security: First ranking mortgage charge over company's immovable property - 11,374 Sq. Yards, Sy. No. 236, Dattai Palle Village, Thurkapally Mandal, Yadadri Bhuvanagiri District, Telangana
  • Redemption: Bullet repayment after 48 months

Capital Structure Changes

  • Rights Issue: 11,23,200 equity shares issued at ₹80 per share (including premium of ₹70 per share) raising ₹8.99 crore
  • Bonus Issue: 27,87,200 equity shares issued in 1:1 ratio
  • Resulting Capital Increase: Paid-up capital increased from ₹1.66 crore (16,64,000 shares) to ₹5.57 crore (55,74,400 shares)

Business Diversification

Proposed alteration of Memorandum of Association to include:

1. Business of export, import, e-commerce, trading of agricultural products and commodities

2. Development, establishment, and operation of wind energy, solar energy, and renewable energy projects

Financial Performance Review

  • Total Income: decreased from ₹400.96 crore in FY25 to ₹220.63 crore in FY26
  • Profit Before Tax: decreased from ₹5.29 crore in FY25 to ₹3.03 crore in FY26
  • Profit After Tax: decreased from ₹3.99 crore in FY25 to ₹2.21 crore in FY26
  • Earnings Per Share: decreased from ₹2.40 to ₹0.40 (restated for FY25: ₹1.20)
  • Current Ratio: 1.46 as of March 31, 2026 (1.68 previous year)
  • Debt-Equity Ratio: 0.02 as of March 31, 2026 (0.09 previous year)

Capital Raising Resolution

Approval sought for raising funds up to ₹100 crore through one or more of:

  • Further public offer
  • Qualified institutions placement
  • Private placement
  • Rights issue
  • Combination thereof

Voting Arrangements

  • Remote e-voting through NSDL from September 10-13, 2026
  • Physical voting at AGM venue for those not voting remotely
  • Scrutinizer: Mr. Jigar Kumar Gandhi, Practicing Company Secretary