Financial Performance Highlights (Standalone)

  • Income from Operations: Loss of ₹1,974.88 lacs (FY25: Profit of ₹622.19 lacs)
  • Other Income: ₹7.37 lacs (FY25: ₹12.73 lacs)
  • Profit Before Tax: Loss of ₹2,198.23 lacs (FY25: Profit of ₹379.72 lacs)
  • Profit After Tax: Loss of ₹2,204.91 lacs (FY25: Loss of ₹9.90 lacs)
  • Total Comprehensive Income: Loss of ₹2,671.45 lacs (FY25: Loss of ₹1,037.46 lacs)
  • Earnings Per Share: Negative ₹21.00 (FY25: Negative ₹0.09)

Key Financial Position (Standalone as of March 31, 2026)

  • Paid-up Equity Capital: ₹1,050.00 lacs (105 lakh equity shares of ₹10 each)
  • Net Worth: ₹1,245.76 lacs (FY25: ₹2,887.07 lacs)
  • Total Assets: ₹4,383.51 lacs (FY25: ₹5,510.47 lacs)
  • Investments (Non-current): ₹2,645.04 lacs (including ₹618.95 lacs in subsidiary)
  • Short-term Borrowings: ₹1,447.92 lacs (due to subsidiary company)
  • Trade Payables: ₹449.99 lacs (FY25: Nil)

Annual General Meeting Details

  • Date: Thursday, September 3, 2026
  • Time: 4:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Cut-off date for e-voting: August 27, 2026
  • E-voting period: August 31, 2026 (9:00 AM) to September 2, 2026 (5:00 PM)

Business Items for AGM Approval

Ordinary Business

1. Adoption of financial statements for FY25-26

2. Re-appointment of Shri Sundar Iyer (DIN: 00481975) as director liable to retire by rotation

Special Business

3. Revision of remuneration payable to Mr. Karthik Sundar Iyer, Managing Director, to ₹60,00,000 per annum from April 1, 2026, to August 31, 2028

4. Continuation of remuneration payable to Shri Sundar Iyer, Whole-time Director & CEO, at ₹60,00,000 per annum from April 1, 2026

5. Approval of related party transactions for FY26-27 as detailed in the notice

Material Related Party Transactions for Approval

Six transactions are proposed for shareholder approval:

1. SI Investments and Broking Private Limited: Brokerage services up to ₹150 lacs (April 2026-March 2027)

2. Lubricants & Allied Products Mfg. Co. Pvt. Ltd.: Business center services at ₹23,000/month plus statutory charges (April 2026-March 2027)

3. Twentyfirst Century Shares and Securities Limited: Business services at ₹50,000/month plus statutory charges (April 2026-March 2027)

4. Mr. Sundar Iyer: Interest-free short-term loans up to ₹1,000 lacs (April 2026-March 2027)

5. Mr. Karthik Sundar Iyer: Interest-free short-term loans up to ₹2,000 lacs (April 2026-March 2027)

6. Twentyfirst Century Shares and Securities Limited: Interest-free short-term loans up to ₹5,000 lacs (April 2026-March 2027)

Directors and Key Managerial Personnel

  • Sundar Iyer: Chairman & CEO (DIN: 00481975)
  • Karthik Sundar Iyer: Managing Director (DIN: 08853430)
  • Govind Krishnan Muthukumar: Non-Executive Director (DIN: 00463579)
  • Dipti D. Sakpal: Independent Director (DIN: 07305797)
  • Balkrishna K Rai: Independent Director (DIN: 08793233)
  • Raghavan Suguna: Independent Director (DIN: 06601230)
  • A.V.M. Sundaram: Company Secretary
  • Bhaskar Shetty: Chief Financial Officer

Board Committees

  • Audit Committee: Balkrishna K Rai (Chairman), Dipti D. Sakpal, Raghavan Suguna
  • Stakeholders' Relationship Committee: Dipti D. Sakpal (Chairperson), Balkrishna K Rai, Raghavan Suguna
  • Nomination and Remuneration Committee: Dipti D. Sakpal (Chairperson), Balkrishna K Rai, Raghavan Suguna
  • CSR Committee: Sundar Iyer (Chairman), Dipti D. Sakpal, Balkrishna K Rai

Auditor Appointments

  • Statutory Auditors: M/s Shankar & Kishor, Chartered Accountants (reappointed until 42nd AGM)
  • Secretarial Auditors: M/s Lakshmmi Subramanian & Associates, Practicing Company Secretaries (appointed for FY25-26 to FY29-30)
  • Internal Auditors: M/s G.S. Punjawat & Co., Chartered Accountants

Corporate Actions

  • Dividend: No dividend declared for FY25-26 (FY24-25: Nil)
  • Unclaimed Dividend: Dividend for FY23-24 (declared August 8, 2024) must be claimed by August 15, 2031
  • Share Transfer Books: Closed from August 28, 2026, to September 3, 2026

Subsidiary Information

  • Twentyfirst Century Shares and Securities Limited: Wholly-owned subsidiary
  • Subsidiary Performance (FY25-26): Revenue loss of ₹167.99 lacs, net loss of ₹199.83 lacs
  • Investment in Subsidiary: ₹618.95 lacs (55,89,500 equity shares of ₹10 each fully paid)

CSR Activities

  • CSR Expenditure FY25-26: ₹14.15 lacs
  • Recipients: Inga Health Foundation (₹3.65 lacs), Udaan (₹0.50 lacs), Pratyaksha (₹10.00 lacs)
  • CSR Committee: Sundar Iyer (Chairman), Dipti D. Sakpal, Balkrishna K Rai

Contingent Liabilities

  • Income Tax Disputes:
  • AY 1996-97: ₹104.96 lacs (pending with ACIT)
  • AY 2014-15: ₹211.18 lacs (pending with ITO Corporate Ward)
  • AY 2015-16: ₹55.43 lacs (pending with ACIT)
  • Gujarat Industrial Investment Corporation: Provision of ₹75 lacs made for legal case pending in Chennai High Court

Internal Financial Controls

Auditors reported adequate internal financial controls operating effectively as of March 31, 2026.

Ten-Year Financial Performance Summary

The company has shown volatile performance over the past decade with significant losses in FY21-22 (₹1,521.58 lacs), FY22-23 (₹1,558.11 lacs), and the current year FY25-26 (₹2,204.91 lacs), interspersed with profitable years in FY23-24 (PAT ₹3,223.03 lacs).

Important Dates

  • Book Closure: August 28, 2026, to September 3, 2026
  • Dividend Payment: Not applicable for FY25-26
  • Next Results: Q2 FY26-27 expected first week of November 2026