AGM Details

  • Meeting Date: Wednesday, September 23, 2026
  • Time: 12:00 P.M.
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: Thursday, September 17, 2026 to Wednesday, September 23, 2026 (both days inclusive)
  • Deemed Venue: Registered Office of the Company

Business to be Transacted

Ordinary Business:

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

2. Item 2: Appointment of Director liable to retire by rotation - Mr. Bhavin S. Shah (DIN: 03129574)

Special Business:

3. Item 3: Re-appointment of Mr. Bhavin Shah (DIN: 03129574) as Non-Executive Director, liable to retire by rotation for term of 5 years from December 30, 2026 to December 29, 2031

4. Item 4: Re-appointment of Mrs. Krupa Jain (DIN: 09424726) as Whole-Time Director for term of 5 years from December 30, 2026 to December 29, 2031 with remuneration of ₹2,92,500 per annum

Voting Information

  • Remote e-Voting Period: Sunday, 20th September, 2026 (09:00 A.M.) to Tuesday, 22nd September, 2026 (05:00 P.M.)
  • Cut-off Date: 16th September, 2026
  • E-Voting Service Provider: NSDL
  • Voting Rights: Proportional to shareholding as on cut-off date

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹454.86 lakhs (Previous year: ₹1,032.24 lakhs)
  • Other Income: ₹357.49 lakhs (Previous year: ₹334.15 lakhs)
  • Total Revenue: ₹812.35 lakhs (Previous year: ₹1,366.39 lakhs)
  • Profit Before Tax: ₹25.23 lakhs (Previous year: ₹24.92 lakhs)
  • Profit After Tax: ₹19.53 lakhs (Previous year: ₹18.44 lakhs)
  • Net Worth: ₹6,296.78 lakhs (Previous year: ₹6,420.61 lakhs)

Dividend Declaration

No dividend recommended for the year ended March 31, 2026, in view of further expansion plans.

Director Details

Board Composition:
  • Mr. Yogesh M. Shah - Chairman & Non-Executive Director
  • Mrs. Krupa H. Jain - Managing Director
  • Mr. Bhavin S. Shah - Executive Director
  • Mr. Arvind M. Shah - Independent Director
  • Mr. Ashwin Z. Savla - Independent Director
  • Mr. Nilesh K. Shah - Independent Director
Director Remuneration (FY 2025-26):
  • Mr. Yogesh M. Shah: ₹12,77,500
  • Mrs. Krupa H. Jain: ₹6,73,500
  • Non-Executive Directors: Only sitting fees (no remuneration)

Key Appointments

  • Auditors: M/s. Jayesh R. Shah & Co., Chartered Accountants (Appointed till 47th AGM)
  • Secretarial Auditor: M/s. Nidhi Shah & Associates, Practicing Company Secretaries
  • Registrars & Transfer Agents: MUFG Intime India Private Limited

Corporate Governance

  • Four Board meetings held during the year
  • All mandatory committees constituted (Audit, Nomination & Remuneration, Stakeholders Relationship)
  • Whistle Blower Policy and Vigil Mechanism in place
  • No material related party transactions

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 25.74%
  • Public: 74.24%
  • Dematerialized Shares: 99.99% of paid-up capital
  • Total Shares: 1,49,62,935 equity shares of ₹10 each

Key Operational Highlights

  • Primary business: Infrastructure development for Wind Turbine Generators and renewable energy projects
  • Company optimistic about growth prospects in renewable energy sector
  • Focus on wind energy infrastructure development and exploring solar power opportunities

Emphasis of Matter from Auditors

1. Inventory Valuation: Power Evacuation Facilities (carrying value: ₹5.88 crores) with impairment provision of ₹1.75 crores. Land for wind farm (carrying value: ₹4.75 crores) written down to ₹4.51 crores. Realizability dependent on successful execution of solar power projects.

2. Contingent Liabilities:

  • Income Tax demand of ₹6.92 crore for AY 2018-19 (rectification application filed)
  • GST demand of ₹28.80 lakh for AY 2018-19 (intends to appeal)

Internal Financial Controls

Adequate internal financial controls in place with no reportable material weaknesses observed.

Future Outlook

Company intends to leverage experience in wind energy infrastructure development to explore new projects and business opportunities in the growing renewable energy sector supported by favorable government initiatives.