Key Financial Figures (FY 2025-26)

  • Total Income: ₹260.87 crore (previous year: ₹239.65 crore)
  • Revenue from Operations: ₹260.10 crore (previous year: ₹239.43 crore)
  • Profit Before Tax (PBT): ₹7.42 crore (previous year: ₹13.71 crore)
  • Profit After Tax (PAT): ₹5.59 crore (previous year: ₹9.72 crore)
  • Earnings Per Share (Basic & Diluted): ₹0.45 (previous year: ₹0.99)
  • Cost of Materials Consumed: ₹226.75 crore
  • Employee Benefits Expense: ₹4.55 crore
  • Finance Cost: ₹3.50 crore
  • Depreciation & Amortization: ₹1.57 crore

Capital Structure

  • Authorized Share Capital: ₹30.00 crore (15,00,00,000 equity shares of ₹2 each)
  • Issued, Subscribed and Paid-up Capital: ₹24.59 crore (12,29,57,954 equity shares of ₹2 each)
  • No change in share capital during the financial year

Credit Rating

  • Long-term facilities: IND BBB-/Stable (upgraded from IVR BBB-/Stable)
  • Short-term facilities: IND A3 (upgraded from IVR A3)
  • Rating agency: India Rating & Research

Dividend

No dividend recommended for FY 2025-26 to plough back profits for future growth.

Board and Committee Composition

Board of Directors (as of March 31, 2026):

  • Shri Nitesh Parshottambhai Vaghasiya (Chairman cum Managing Director)
  • Shri Pankaj Vasantbhai Shingala (Whole-time Director)
  • Smt. Aartiben Pankajkumar Shingala (Non-Executive Director)
  • Smt. Viralben Chetankumar Dave (Independent Director)
  • Shri Satish Kalkani (Independent Director)
  • Smt. Shital Ashish Gajera (Independent Director, appointed w.e.f. September 1, 2025)

Key Managerial Personnel:

  • Shri Nitesh Parshottambhai Vaghasiya (CMD)
  • Shri Pankaj Vasantbhai Shingala (WTD)
  • Shri Pravin Pansuriya (CFO)
  • Shri Amit Vishwkarma (Company Secretary and Compliance Officer, appointed w.e.f. July 1, 2025)

Committee Composition:

  • Audit Committee: Smt. Viralben Chetankumar Dave (Chairperson), Shri Satish Kalkani, Shri Nitesh Parshottambhai Vaghasiya
  • Nomination and Remuneration Committee: Shri Satish Kalkani (Chairperson), Smt. Viralben Chetankumar Dave, Smt. Aartiben Pankajkumar Shingala
  • Stakeholders Relationship Committee: Smt. Viralben Chetankumar Dave (Chairperson), Shri Satish Kalkani, Smt. Aartiben Pankajkumar Shingala
  • CSR Committee: Shri Nitesh Parshottambhai Vaghasiya (Chairperson), Shri Pankaj Vasantbhai Shingala, Smt. Viralben Chetankumar Dave

Director Changes

  • Shri Vipul Mansukhbhai Patel ceased as Independent Director on July 30, 2025 due to professional commitments
  • Smt. Shital Ashish Gajera appointed as Independent Director w.e.f. September 1, 2025 for a 5-year term

AGM Details

19th Annual General Meeting:

  • Date: Saturday, September 19, 2026
  • Time: 3:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off date for e-voting: September 12, 2026
  • Remote e-voting period: September 16, 2026 (9:00 AM) to September 18, 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business

1. Adoption of audited standalone financial statements for FY 2025-26

2. Re-appointment of Smt. Artiben Pankajkumar Shingala (DIN: 09113214) who retires by rotation

Special Business

3. Ratification of remuneration of Cost Auditor: M/s. Niketan Govindbhai Tadhani & Co. at ₹35,000 plus applicable taxes for FY 2026-27

4. Renewal of Material Related Party Transactions with Jigar Cables Limited:

  • Aggregate value not exceeding ₹200 crore
  • Includes sale/purchase of goods, services, and grant of non-exclusive brand usage rights at 2% royalty
  • Period: Conclusion of AGM to conclusion of next AGM

5. Renewal of Material Related Party Transactions with Jigar Polymers Limited:

  • Aggregate value not exceeding ₹25 crore
  • Includes sale/purchase of goods and services
  • Period: Conclusion of AGM to conclusion of next AGM

6. Ratification of appointment of Smt. Viralben Chetankumar Dave (DIN: 10719954) as Independent Director for term September 6, 2024 to September 5, 2029 (requires Special Resolution due to previous classification error)

7. Ratification of appointment of Shri Satish Kalkani (DIN: 10719585) as Independent Director for term September 6, 2024 to September 5, 2029 (requires Special Resolution due to previous classification error)

Auditor Information

  • Statutory Auditors: M/s. Bhavin Associates, Chartered Accountants (FRN: 101383W) - reappointed for second term until 2027 AGM
  • Secretarial Auditors: M/s. Jain Preeti & Company, Practicing Company Secretaries - appointed for 5 years from April 1, 2025 to March 31, 2030
  • Internal Auditor: Adv. Adarsh Gohel of Gohel & Associates for FY 2026-27
  • Cost Auditors: M/s. Niketan Govindbhai Tadhani & Co. for FY 2025-26 and FY 2026-27 at ₹35,000 per annum

Related Party Transactions

Transactions with Jigar Cables Limited (FY 2025-26):

  • Sales: ₹524.43 crore
  • Purchases: ₹450.37 crore
  • Commission/Royalty: ₹76.57 crore

Transactions with Jigar Polymers Limited (FY 2025-26):

  • Sales: ₹9.48 lakh
  • Purchases: ₹138.44 lakh

Corporate Social Responsibility

  • CSR Expenditure for FY 2025-26: ₹20.51 lakh (against requirement of ₹19.97 lakh)
  • Focus areas: Promoting education, healthcare, human welfare and social service activities
  • Recipients: Shri Swaminarayan Sarvopari Siddhant Digvijay Trust and Swami Shri Nirdoshanandji Manavseva Trust

Employee Information

  • Total permanent employees: 146 as of March 31, 2026
  • Remuneration ratio (Director:Median employee): CMD - 15.57:1, WTD - 7.78:1
  • Average percentile increase in salaries: 18.77% for non-managerial personnel, 25.69% for managerial personnel

Other Disclosures

  • Unclaimed dividend for FY 2017-18 transferred to IEPF Authority
  • 18,105 equity shares transferred to IEPF demat account pertaining to unclaimed dividend
  • Vigil Mechanism/Whistle Blower Policy in place - no complaints received during the year
  • No cases of sexual harassment reported during the year
  • Green Initiative: Annual report sent electronically to shareholders with registered email addresses