Annual General Meeting Details
- Meeting Date: Thursday, August 20, 2026
- Time: 3:30 PM
- Mode: Video Conferencing (VC) or Other Audio Video Means (OVAM)
- Deemed Venue: Registered Office at Tirupati House, 4th Floor, Nr. Topaz Restaurant, University Road, Polytechnic Char Rasta, Ambawadi, Ahmedabad - 380 015
- Record Date: Thursday, August 13, 2026
Ordinary Business Items
1. Adoption of Financial Statements: To receive, consider and adopt audited financial statements for FY ended March 31, 2026 with reports of Directors and Auditors
2. Reappointment of Directors Retiring by Rotation:
- Mr. Roshan P Sanghavi (DIN: 010069896) - Managing Director
- Mr. Deepak T Mehta (DIN: 00156096) - Whole-Time Director
- Mr. Satish A Mehta (DIN: 01007020) - Whole-Time Director
All directors are eligible and offer themselves for reappointment
3. Dividend Declaration: To declare dividend for financial year ended March 31, 2026
4. Cost Auditor Remuneration Ratification: To ratify remuneration of ₹35,000 plus applicable taxes to M/s. B R & Associates, Cost Accountants
Special Business Items
5. Reappointment of Independent Director: Modification of expiry date for second term of Mr. Manish R Patel (DIN: 09547012) as Independent Director
6. Sale of Surplus Noida Property: Special resolution for sale of surplus land and building at:
- Location: Plot No.5, Echotech I, Extension Greater Noida Industrial Area, Gautam Buddh Nagar, Uttar Pradesh 201308
- Area: 9,325 square meters
- Buyer: Neumann Components Pvt Ltd (CIN: U25202DL2002PTC116011)
- Consideration: Not less than ₹30 crore
- Valuation: Independent valuation by IBBI Registered Valuer Sushil Chandra Sahu dated July 7, 2026
- Purpose: Debt reduction and working capital easing
- Net Worth Impact: Asset value represents 88.16% of company's net worth (₹34.028 crore)
Financial Performance Highlights (FY 2025-2026)
- Revenue from Operations: ₹95.38 crore (Previous year: ₹106.53 crore)
- Profit Before Finance Cost, Depreciation & Tax: ₹2.57 crore (Previous year: ₹2.82 crore)
- Finance Cost: ₹3.72 crore (Previous year: ₹4.19 crore)
- Depreciation: ₹1.46 crore (Previous year: ₹1.67 crore)
- Profit Before Tax: ₹2.57 crore (Previous year: ₹2.82 crore)
- Tax Expense: ₹0.65 crore (Current tax: ₹0.70 crore, Deferred tax: ₹-0.04 crore, Prior year: ₹-0.01 crore)
- Net Profit: ₹1.92 crore (Previous year: ₹2.14 crore)
- Total Comprehensive Income: ₹1.98 crore (Previous year: ₹2.16 crore)
- Earnings Per Share: ₹4.37 basic and diluted (Previous year: ₹4.85)
- Recommended Dividend: 10% (₹1 per share on 44,07,000 equity shares)
Capital Structure
- Paid-up Equity Share Capital: ₹4.40 crore
- Other Equity: ₹29.59 crore
- Total Equity: ₹34.03 crore
Key Operational Metrics
- Capital Expenditure: ₹0.95 lakh (both tangible and intangible)
- Cash & Cash Equivalents: ₹0.43 crore (Previous year: ₹2.30 crore)
- Inventories: ₹34.01 crore (Previous year: ₹29.84 crore)
- Trade Receivables: ₹18.25 crore (Previous year: ₹18.80 crore)
- Borrowings: ₹34.41 crore (Non-current: ₹9.61 crore, Current: ₹24.80 crore)
Board and Management Details
Board Composition: 14 Directors (4 Executive, 3 Non-Executive, 7 Independent)
Key Managerial Personnel:
- Mr. Gopalsinh Ratansinh Zala - Chief Financial Officer
- Mrs. Memon Akshabanu Mohammedshoaeb - Company Secretary and Compliance Officer (Mem No A46288)
Auditors: F. P. & Associates, Chartered Accountants
Corporate Actions
- Dividend Payment: If declared, will be paid within 7 days from date of declaration
- Book Closure: Friday, August 14, 2026 to Thursday, August 20, 2026 (both days inclusive)
- e-Voting Period: Begins August 17, 2026 at 9:00 AM and ends August 19, 2026 at 5:00 PM
Related Party Transactions
Total unsecured loans from directors/promoters: ₹75.86 crore (Closing balance)
- Remuneration to KMPs: ₹0.51 crore
- Rent paid to Balaji Coir Private Limited: ₹18.00 lakh
Other Disclosures
- No material changes in financial position between year-end and report date
- No change in nature of business during the year
- No pending litigations as of March 31, 2026
- Company has not accepted any public deposits
- Whistle Blower Policy and Vigil Mechanism in place
- Policy on Prevention of Sexual Harassment implemented