AGM Details

The 39th Annual General Meeting is scheduled to be held on Monday, September 28, 2026 at 12.30 PM IST through Video Conferencing/Other Audio Visual Means without physical presence of members. The meeting will be conducted in accordance with MCA General Circular No.09/2024 dated September 19, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-/P/CIR/2024/133 dated October 3, 2024.

Ordinary Business

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026 along with Reports of Board of Directors and Auditors

2. To appoint Mr. Dhruva Narayan Jha (DIN: 01286654) who retires by rotation and offers himself for re-appointment

Special Business

3. Increase in Authorized Share Capital from ₹14,00,00,000 (1.4 crore shares of ₹10 each) to ₹45,00,00,000 (4.5 crore shares of ₹10 each) and consequential amendment to Memorandum of Association

Financial Highlights (FY 2025-26)

  • Revenue: ₹853.45 lakh (Previous year: ₹295.93 lakh)
  • Profit before tax: ₹19.59 lakh (Previous year: ₹27.19 lakh)
  • Profit after tax & extra-ordinary items: ₹13.67 lakh (Previous year: loss of ₹9.31 lakh)
  • Carried forward losses: ₹373.01 lakh (Previous year: ₹386.68 lakh)
  • Revenue composition: ₹650.00 lakh from sale of equity shares + ₹203.45 lakh interest on unsecured loans
  • Paid-up Equity Share Capital: ₹13.108 crore (1,31,07,950 equity shares of ₹10 each)
  • No dividend declared due to carried forward losses

Key Management Personnel

  • Managing Director: Dhruva Narayan Jha (DIN: 01286654)
  • Company Secretary: Kanchan Jhawar (ACS - 33633)
  • CFO: Jagdish Prasad Purohit (appointed March 27, 2026, replacing Jagannath Pandit)

Board of Directors

  • Independent Directors: Anand Bagaria, Anupam Shrivastava, Sunita Rani Parida
  • Executive Director: Dhruva Narayan Jha (Chairman & Managing Director)

Auditor Comments and Management Responses

The statutory auditors highlighted four key areas requiring attention:

1. Note 46: Valuation of unquoted shares inventories at cost pending independent valuer certification

  • Management response: Valuation based on last available annual accounts, obtaining independent valuer certificate

2. Note 47: Balances of trade receivable, loans/advances, trade payable subject to confirmation

  • Management response: In process of obtaining confirmations for all outstanding balances

3. Note 48: Non-traded/suspended stock valued at last traded price

  • Management response: Valuation based on last traded price where stocks are suspended

4. Note 49: Interest-free loans and advances of ₹5,290.38 lakh out of total ₹6,511.76 lakh

  • Management response: Trying to recover such loans or looking to settle accounts

Shareholding Pattern (as of March 31, 2026)

  • Total shares: 1,31,07,950 equity shares of ₹10 each
  • Public shareholding: 100% (No promoter shareholding)
  • Dematerialized shares: 88.99% of public shareholding
  • Top shareholders: Gajmukh Trading Private Limited (4.17%), Swarup Guchhait (3.31%), Satabdi Tracom Private Limited (3.00%)

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Significant transactions include:

  • Advances to Pushtikar Builders & Promoters Ltd.: ₹178.85 lakh outstanding
  • Advances to Dinman Marketing Ltd.: ₹395.74 lakh outstanding
  • Advances from Arstu Tradelinks Limited: ₹362.97 lakh outstanding

Loans and Advances

The company has provided interest-free loans and advances totaling ₹9,199.95 lakh, including:

  • ₹992.56 lakh to related parties
  • ₹8,207.39 lakh to other parties

Corporate Governance

The company has complied with corporate governance requirements under SEBI LODR Regulations 2015. Key committees include:

  • Audit Committee: Mr. Anupam Shrivastava (Chairman), Mr. Anand Bagaria, Mr. Dhruva Narayan Jha
  • Nomination & Remuneration Committee: Mr. Anupam Shrivastava (Chairman), Mr. Anand Bagaria, Ms. Sunita Rani Parida
  • Stakeholders' Relationship Committee: Mr. Anupam Shrivastava (Chairman), Ms. Sunita Rani Parida, Mr. Dhruva Narayan Jha

Voting Arrangements

  • e-Voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Record date: September 21, 2026
  • Scrutinizer: CS Sanjay Kumar Vyas, Practicing Company Secretary
  • VC/OAVM facility: Available for 1000 members on first-come-first-served basis

Other Key Information

  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd., Mumbai
  • Bankers: Kotak Mahindra Bank, Bank of Baroda
  • Book closure: September 22, 2026 to September 28, 2026 (both days inclusive)
  • Listing: BSE Limited (Scrip code: 539123)