Key Financial Figures (FY 2025-2026)

  • Total Income: ₹58.55 crore
  • Profit before Depreciation and Taxation: ₹309.24 lakh
  • Depreciation: ₹29.82 lakh
  • Profit before Tax: ₹279.42 lakh (compared to ₹302.55 lakh in FY25)
  • Provision for Taxation: ₹91.03 lakh
  • Net Profit after Taxation: ₹188.39 lakh (compared to ₹49.37 lakh in FY25)
  • Other Comprehensive Income (Net of Tax): ₹9.73 lakh (compared to loss of ₹29.11 lakh in FY25)
  • Total Comprehensive Income: ₹198.12 lakh (compared to ₹20.26 lakh in FY25)
  • Net Worth: ₹7,192.18 lakh (compared to ₹6,994.06 lakh in FY25)
  • Current Ratio: 69.47 (compared to 103.10 in FY25)
  • Net Profit Margin: 3.21% (compared to 0.48% in FY25)
  • Return on Net Worth: 0.002 (compared to 0.007 in FY25)

40th Annual General Meeting Details

  • Date: Wednesday, September 23, 2026
  • Time: 2:30 p.m.
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Cut-off date for e-Voting: September 16, 2026
  • Book Closure: September 17, 2026 to September 23, 2026 (both days inclusive)

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Appointment of Mr. Jayanty Rama Krishna Sarma who retires by rotation

Special Business

3. Re-appointment of Mr. Jayanty Rama Krishna Sarma as Whole-Time Director (Executive Director) for 5 years effective September 27, 2026

Director Reappointment Details

  • Name: Mr. Jayanty Rama Krishna Sarma (DIN: 00088327)
  • Term: 5 years effective September 27, 2026
  • Remuneration: Salary including perquisites and allowances not exceeding ₹33,00,000 per annum
  • Current Remuneration (FY 2025-2026): ₹26,88,000
  • Age: 69 years (will attain 70 on July 9, 2027)
  • Qualifications: M.A. (Economics), AICWA, ACS
  • Experience: 49 years in banking, treasury, corporate laws, finance, audit, secretarial and administration
  • Shareholding: Nil as on March 31, 2026
  • Board Meetings attended: 5 out of 5 in FY 2025-2026

Dividend Declaration

No dividend declared on equity shares due to accumulated losses. Entire net profit of ₹188.39 lakh retained in Profit & Loss Account.

Share Capital Structure

  • Authorized Capital: ₹15,000 lakh (7,50,00,000 equity shares of ₹10 each + 75,00,000 preference shares of ₹100 each)
  • Paid-up Capital: ₹5,567.01 lakh (5,56,73,122 equity shares of ₹10 each)
  • Dematerialized Holdings: 73.90% of paid-up capital (4,11,39,609 shares)
  • Physical Holdings: 26.10% of paid-up capital (1,45,33,513 shares)
  • Major Shareholders: Adria Enterprises Private Limited (24.88%), Apple Finance Employees Welfare Trust (5.96%)

Business Operations

  • Nature of Business: Trading in precious metals (silver, gold) and derivatives on recognized exchanges
  • Trading Strategy: Focus-based approach with fixed forward contracts and hedging for price risk management
  • Inventory Turnover Ratio: 5.46 (compared to 5.50 in FY25)
  • Key Commodities: Silver (exposure ₹5,470.95 lakh, 5,044.15 kg), Gold (exposure ₹3,827.83 lakh, 34.00 kg)

Investments

  • Non-Current Investments (FVTOCI): ₹144.52 lakh (compared to ₹1,137.44 lakh in FY25)
  • Current Investments (FVTPL): ₹5,825.98 lakh (compared to ₹1,550.56 lakh in FY25)
  • Mutual Fund Holdings: HDFC Focused Fund, ICICI Prudential Focused Equity Fund, Invesco India Focused Fund, Kotak Large & Midcap Fund, Motilal Oswal Large & Midcap Fund, SBI Banking & Financial Services Fund, Nippon India ETF Gold BeES, Nippon India Silver ETF

Key Managerial Personnel

  • Executive Director: Mr. J.R.K. Sarma (remuneration ₹26,88,000)
  • Chief Financial Officer: Mr. P.H. Deval (remuneration ₹6,38,550)
  • Company Secretary: Mr. P.B. Deshpande (remuneration ₹19,60,106)

Board Composition

  • Total Directors: 4
  • Executive Director: 1 (Mr. J.R.K. Sarma)
  • Independent Directors: 2 (Mr. Mahesh Raghavan Menon, Ms. Vidhi Bipin Mandaliya)
  • Non-Executive Non-Independent Director: 1 (Mr. Pravin Rohidas Vast)
  • Board Meetings held: 5 during FY 2025-2026

Employee Information

  • Total Permanent Employees: 5 as on March 31, 2026
  • Median Remuneration Increase: 10.00%
  • Ratio of Director Remuneration to Median Employee Remuneration: 4.37

Related Party Transactions

  • Transaction with Mrs. Anita Menon (wife of Mr. Mahesh Menon): Professional fee of ₹20,000 per month as Consultant & Legal Advisor
  • Approval Date: May 29, 2025
  • All transactions at arm's length and in ordinary course of business

Corporate Governance

  • Board Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, Share & Debenture Transfer Committee, CSR Committee
  • Whistle Blower Policy: Implemented with no complaints during the year
  • CSR: No spending as company didn't meet conditions under Section 135 of Companies Act
  • Risk Management Policy: Implemented for commodity price risk, financial risks, regulatory risks

Important Dates

  • Financial Year: April 1, 2025 to March 31, 2026
  • Board Approval of Financial Statements: May 28, 2026
  • Auditor's Report Date: May 28, 2026
  • E-Voting Period: September 20, 2026 (9:00 a.m.) to September 22, 2026 (5:00 p.m.)

Market Outlook

Company optimistic about precious metals trading due to improved regulatory framework, better market integration, developing infrastructure, and warehousing facilities. Planning to explore other metals in addition to gold and silver based on risk-return analysis.

#Tags: #UtiqueEnterprises #AnnualReport #SEBIDisclosure #CommodityTrading #AGM2026 #FinancialResults #CorporateGovernance #RegulatoryCompliance