AGM Details

  • Date: Wednesday, 30th September 2026
  • Time: 12:00 p.m. (IST)
  • Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM)
  • Record Date: September 23, 2026
  • E-voting Period: September 27, 2026 (9:00 a.m.) to September 29, 2026 (5:00 p.m.)

Board of Directors (as of March 31, 2026)

  • Mr. Servesh Gupta - Managing Director and Chairman
  • Ms. Ashima Gupta - Executive Director
  • Mr. Ashish Gupta - Independent Director (w.e.f 13.02.2026)
  • Mr. Venu Gopal Reddy - Independent Director

Key Managerial Personnel

  • Mr. Servesh Gupta - Managing Director and Chairman
  • Mr. Sunil Sharma - Chief Financial Officer (w.e.f 10.04.2026)
  • Ms. Rolly Tiwari - Company Secretary & Compliance officer (w.e.f. 27th May 2025 to 22.12.2025)
  • Ms. Manju - Company Secretary & Compliance officer (w.e.f. 23.03.2026 to 29.05.2026)

Financial Performance (Standalone)

| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |

| Total Turnover | 0.00 | 0.00 |

| Other income | 0.59 | 0.80 |

| Depreciation | 0.37 | 0.46 |

| Profit/(Loss) before tax | (16.87) | (46.75) |

| Profit/(Loss) after tax | (16.87) | (46.75) |

Financial Performance (Consolidated)

| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |

| Total Turnover | 0.00 | 0.00 |

| Other income | 0.59 | 0.80 |

| Depreciation | 1.57 | 1.58 |

| Profit/(Loss) before tax | (37.02) | (64.42) |

| Profit/(Loss) after tax | (37.02) | (64.42) |

Key Financial Positions (as of March 31, 2026)

Standalone:

  • Property, plant and equipment: ₹1.67 lakhs
  • Intangible assets under development: ₹166.61 lakhs
  • Non-current investments: ₹652.79 lakhs
  • Loans (non-current): ₹1,098.57 lakhs
  • Trade receivables (non-current): ₹685.73 lakhs
  • Cash and cash equivalents: ₹2.44 lakhs
  • Equity share capital: ₹3,941.42 lakhs
  • Other equity: (₹211.85) lakhs
  • Borrowings (non-current): ₹351.34 lakhs

Consolidated:

  • Property, plant and equipment: ₹1.67 lakhs
  • Intangible assets: ₹522.66 lakhs
  • Intangible assets under development: ₹166.61 lakhs
  • Investments: ₹128.17 lakhs
  • Loans: ₹1,498.57 lakhs
  • Trade receivables: ₹678.16 lakhs
  • Cash and cash equivalents: ₹6.69 lakhs
  • Equity share capital: ₹3,941.42 lakhs
  • Other equity: (₹318.62) lakhs
  • Borrowings (non-current): ₹573.27 lakhs

AGM Agenda Items

1. Ordinary Business:

  • Adoption of audited standalone and consolidated financial statements for FY 2025-26
  • Re-appointment of Ms. Ashima Gupta (DIN: 07795866) who retires by rotation
  • Appointment of M/s MJRA & Associates, Chartered Accountants (Firm registration No: 013850N) as Statutory Auditors for 5 years from 2026-2027 to 2030-2031

2. Special Business:

  • Appointment of Mr. Gajanand Gupta (DIN: 01819397) as Independent Director for 5 years

Key Compliance Issues Identified in Secretarial Audit Report

1. Mr. Venu Gopal Reddy and Mr. Ashish Gupta, independent directors, have not applied for inclusion of their name in the data bank and have not passed self-assessment test as conducted by IICA

2. Composition of Board of Directors not constituted with proper balance due to ineligible Independent Directors

3. Composition of Audit Committee not properly constituted due to ineligible Independent Directors

4. Composition of Nomination and remuneration Committee not properly constituted due to ineligible Independent Directors

5. Office of Company Secretary (Compliance Officer) vacant from 17.12.2025 to 23.03.2026 (exceeding 3-month timeline)

6. Office of Chief Financial Officer vacant from 14.11.2025 to 10.04.2026 (exceeding 3-month timeline)

7. Outstanding unsecured loan from IKF Technology Ltd. (₹92.20 lakhs) which is undergoing insolvency proceedings under IBC, 2016

Subsidiaries

1. Retails Information Systems Pty Ltd - Foreign Wholly Owned Subsidiary

2. Niskarsh Properties Pvt Ltd - Wholly Owned Subsidiary

3. Zeal Appartment LLP - Subsidiary

Dividend

No dividend recommended due to losses incurred during the financial year.

Internal Financial Controls

Auditors reported that the company has adequate internal financial controls system with reference to financial statements that were operating effectively as at March 31, 2026.

Key Changes in Business Operations

The company proposes to expand its scope of activities into:

1. Emerging Technologies & Digital Innovation: AI, Cybersecurity, Robotics, ML, Media, Marketing, Telecommunications

2. Green Technology & Sustainable Development: Hydrogen Fuel, Drones, Electric Vehicles (EVs), Waste-to-Energy technologies