Annual General Meeting Details

The 34th Annual General Meeting will be held on Wednesday, September 23, 2026 at 11:30 AM through Video Conferencing/Other Audio Visual Means. The deemed venue is the registered office at 629-A, Gazdar House, 1st Floor, Near Kalbadevi Post Office, J.S.S. Marg, Mumbai - 400002.

Business to be Transacted

Ordinary Business:

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

2. Appointment of Mrs. Shruti A Shah (DIN: 06952245) as Director liable to retire by rotation

Financial Performance Highlights (Amounts in ₹ Lakhs)

| Particulars | 2025-26 | 2024-25 | Change |

| Revenue from operations | 3,248.45 | 1,667.05 | +95% |

| Other Income | 80.16 | 121.87 | -34% |

| Total Revenue | 3,328.61 | 1,788.92 | +86% |

| EBITDA | 326.34 | 167.95 | +94% |

| Profit before tax | 125.79 | 50.78 | +148% |

| Profit after tax | 54.40 | 39.14 | +39% |

| Net Worth | 2,292.32 | 2,221.88 | +3% |

Key Operational Metrics

  • Paid-up Equity Share Capital: ₹19,998,476 (19,998,476 equity shares of ₹10 each)
  • Promoter Holding: 31.50% as of March 31, 2026
  • Employee Strength: 64 permanent employees
  • Median Employee Remuneration: ₹237,250
  • Dematerialized Shares: 99.02% of paid-up capital

Dividend and Reserves

No dividend recommended for FY26 due to expansion plans. Retained earnings stood at ₹54.40 lakhs after all appropriations.

Business Operations

The Company is engaged in manufacturing and marketing of oral care, skincare, personal care, cosmetic and Ayurvedic products. It focuses on:

  • Own brand 'Ayuveer' across skincare, hair care, personal care and wellness categories
  • Third-party and contract manufacturing for domestic and international markets
  • Export business to United States (post US FDA registration)
  • Presence on e-commerce platforms including Amazon, Flipkart and Myntra

Corporate Actions

  • Preferential Warrant Issue: Board approved creation, issue, offer and allotment of Fully Convertible Warrants to 'Promoter & Promoter Group' and 'Non-Promoter' categories on preferential basis, subject to shareholder approval
  • Fund Utilization: Funds raised through preferential issue utilized for purposes approved by members

Management Changes

  • Mr. Rony Shah resigned as Company Secretary and Compliance Officer effective November 12, 2025
  • Ms. Ashita Chittora appointed as Company Secretary effective February 2, 2026

Director Details

Board Composition:

  • Mr. Yogesh M. Shah: Chairman & Non-Executive Director
  • Mr. Bhavin S. Shah: Managing Director
  • Mrs. Shruti A. Shah: Executive Director (retiring by rotation)
  • Mr. Chetan H. Mehta: Independent Director
  • Mr. Prakashbhai C. Shah: Independent Director
  • Mr. Nilesh K. Shah: Independent Director

Mrs. Shruti A Shah Profile:

  • Date of Birth: March 3, 1992 (Age: 34)
  • First appointed: September 12, 2014
  • Qualifications: Bachelor in Financial Markets
  • Experience: Over 10 years in marketing
  • Shareholding: 657,800 equity shares
  • Relationship: Daughter of Mr. Yogesh M. Shah

Internal Financial Controls

Adequate internal financial controls were in place and operating effectively throughout the year. No reportable material weakness observed.

Related Party Transactions

All related party transactions were in ordinary course of business and at arm's length basis. Disclosures provided in Note 35 to financial statements.

Future Prospects

The Company plans to:

  • Strengthen presence across oral care, skincare, personal care and cosmetic segments
  • Expand domestic and international markets
  • Grow third-party and contract manufacturing business
  • Expand export business and international customer base
  • Develop Ayuveer brand portfolio and e-commerce presence
  • Focus on introducing products in line with market trends

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 31.50%
  • Public: 68.50%
  • Total Shares: 19,998,476

EVoting Details

  • Remote e-voting period: September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
  • Cut-off date: September 16, 2026
  • Scrutinizer: Mrs. Khushboo Shah, M. Com
  • NSDL appointed as e-voting agency

Book Closure

Register of Members and Share Transfer Books will remain closed from September 17, 2026 to September 23, 2026 (both days inclusive).

Other Information

  • Plant Location: Plot No. 224/225, Vibrant Business Park, Opp. UPL, National Highway No. 8, Vapi - 396191
  • Registrars and Transfer Agents: Purva Sharegistry (India) Pvt. Ltd.
  • Listing: BSE Limited (Scrip Code: 511523; ISIN: INE882C01035)
  • Corporate Identity Number: L65910MH1992PLC067632