AGM Details

  • Meeting Date: Wednesday, 30th September 2026 at 16:00 Hrs (IST)
  • Mode: Video Conference (VC) / Other Audio-Visual Means (OAVM)
  • Cut-off Date: Tuesday, 22nd September 2026
  • Book Closure: Wednesday, 23rd September 2026 to Wednesday, 30th September 2026
  • e-Voting Period: Saturday, 26th September 2026 (09:00 Hrs) to Tuesday, 29th September 2026 (17:00 Hrs)
  • Service Provider: Bigshare Services Private Limited
  • Deemed Venue: Registered office at 209/A, Shyam Kamal B, CHS LTD, Agarwal Market, Tejpal Road, Vile Parle East, Mumbai, Maharashtra-400057

Business Items

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26 with reports of Board of Directors and Auditors

2. Appointment of director in place of Mr. Karthik Singh Javvari K (DIN: 08082707) who retires by rotation and does not offer himself for re-appointment

Special Business

3. Appointment of Secretarial Auditors: Ordinary resolution to appoint M/s. Atluri Ramesh & Associates (COP No. 16418) as Secretarial Auditors for 5 consecutive years from conclusion of 41st AGM until conclusion of 46th AGM in 2030

4. Appointment of Director: Ordinary resolution to appoint Mr. Javeri Kapisha Udaya Kumar Singh (DIN: 10872040) as Director with immediate effect

5. Appointment of Managing Director: Special resolution to appoint Mr. Javeri Kapisha Udaya Kumar Singh as Managing Director for 5 years effective from 16th September 2026

Key Financial Information (Rs. in Lakhs)

Financial Performance FY 2025-26

  • Revenue from Operations: Nil (Previous year: Nil)
  • Other Income: Rs. 0.18 (Previous year: Rs. 604.00)
  • Total Expenses: Rs. 15.48 (Previous year: Rs. 217.67)
  • Profit before tax: Rs. (15.30) (Previous year: Rs. 386.33)
  • Tax Expense: Deferred tax of Rs. (12.10) (Previous year: Rs. 10.84)
  • Net Profit/(Loss): Rs. (3.20) (Previous year: Rs. (375.49))
  • EPS: Rs. (0.05) basic and diluted (Previous year: Rs. (0.44))

Financial Position as at 31st March 2026

  • Share Capital: Rs. 692.64 (69,26,381 equity shares of Rs. 10 each)
  • Other Equity: Negative Rs. 859.49 (Retained earnings negative Rs. 1,852.93 + Capital reserve Rs. 17.46 + Securities premium Rs. 975.98)
  • Total Equity: Negative Rs. 166.85
  • Non-current assets: Rs. 152.13 (Property plant and equipment Rs. 41.41 + Investments Rs. 5.39 + Other financial assets Rs. 87.78 + Deferred tax assets Rs. 17.54)
  • Current assets: Rs. 662.96 (Inventories Rs. 158.06 + Trade receivables Rs. 55.57 + Cash and cash equivalents Rs. 15.87 + Other financial assets Rs. 2.06 + Other current assets Rs. 431.40)
  • Current liabilities: Rs. 978.28 (Borrowings Rs. 536.81 + Trade payables Rs. 364.33 + Provisions Rs. 15.15 + Other current liabilities Rs. 61.99)
  • Working Capital: Negative Rs. 315.32

Auditor's Qualified Opinion

M/s. Sagar & Associates issued qualified audit opinion citing:

1. Sundry Debtors: Rs. 274.83L outstanding over 3 years with provision of Rs. 219.26L, net Rs. 55.57L - unable to comment on recoverability

2. Closing Stock: Rs. 158.06L not moving for over 2 years - net realizable value not determined

3. Sundry Creditors: Rs. 364.33L outstanding over 3 years - no confirmations received

4. Other Current Assets: Rs. 429.75L comprising Rs. 419.25L advance to Ikon Associates (related party) without documented terms, and Rs. 10.50L from Gopinath Enterprise

5. Bank Balances: Rs. 1.58L across 7 accounts, only one statement (Rs. 0.20L) provided for verification

6. Fixed Deposits: Rs. 14.30L with City Bank - no confirmation received

7. Other Financial Assets: Rs. 87.78L long-outstanding EMDs and tender deposits - no provision made

8. Going Concern: Accumulated losses, negative net worth, current liabilities exceed current assets - material uncertainty exists

Board Response to Auditor Qualifications

  • Debtors: Rs. 54.67L due from Madhya Pradesh Government, pursuing with Horticulture department for settlement within 6 months
  • Inventory: Slow selling of dead stock with loss, to be closed as early as possible
  • Creditors: To be settled during FY 2026-27
  • Advances: Business contracts entered with concerned parties
  • Bank Accounts: Six accounts closed long back, only one operational
  • Fixed Deposits: City Bank holding FD despite cleared loan, pursuing resolution
  • Financial Assets: Pursuing with government departments for realization in current FY

Capital Structure

  • Authorized Capital: Rs. 700.00L (70,00,000 equity shares of Rs. 10 each)
  • Paid-up Capital: Rs. 692.64L (69,26,381 equity shares of Rs. 10 each)
  • No change in capital structure during the year

Key Management Personnel

  • Managing Director: Jeethendra Singh Goud (DIN: 07678735)
  • Directors: J K Karthik Singh, Sudhakar Reddy Pesaladinne (Independent), Gunjarla Ramu (Independent), Jaweri Potival Kiran Bai
  • CFO: Datta Prasad (appointed 14.08.2025)
  • Company Secretary: Kavita Rani

Voting Information

  • Remote e-voting: Through CDSL/NSDL systems for demat holders, Bigshare platform for others
  • Cut-off date: 22nd September 2026
  • Scrutinizer: M/s. Prathap Satla & Associates, Practicing Company Secretaries
  • Results: To be placed on company website and forwarded to BSE

Other Disclosures

  • No dividend declared for FY 2025-26
  • No deposits accepted during the year
  • No material related party transactions requiring disclosure under Section 188
  • No subsidiary, joint venture or associate company
  • No CSR obligations applicable
  • Whistle Blower Policy in place, no complaints received
  • Sexual Harassment Policy in place, no complaints received

Important Dates

  • AGM Notice sent: 8th September 2026
  • AGM Date: 30th September 2026
  • Book Closure: 23rd to 30th September 2026
  • e-Voting: 26th to 29th September 2026
  • Financial Year End: 31st March 2026
  • Audit Report Date: 30th May 2026