Key Financial Figures (FY 2025-26 vs FY 2024-25)

  • Income from Operation: ₹5275.00 lakhs (previous year: ₹2995.00 lakhs)
  • Other Income: ₹287.52 lakhs (previous year: ₹54.52 lakhs)
  • Total Income: ₹5562.52 lakhs (previous year: ₹3049.52 lakhs)
  • Net Profit/Loss Before Depreciation and Tax: ₹857.75 lakhs (previous year: ₹110.01 lakhs)
  • Depreciation: ₹10.25 lakhs (previous year: ₹12.11 lakhs)
  • Net Profit/Loss Before Tax: ₹847.51 lakhs (previous year: ₹97.90 lakhs)
  • Current Tax: ₹182.50 lakhs (previous year: ₹43.55 lakhs)
  • Deferred Tax: ₹1.24 lakhs (previous year: ₹1.08 lakhs)
  • Net Profit/Loss after Tax: ₹666.25 lakhs (previous year: ₹55.43 lakhs)
  • Cash and cash equivalents: ₹143.22 lakhs
  • Paid-up Equity Share Capital: ₹98.56 lakhs (unchanged)

Dividend Declaration

Board recommended dividend of 50% on equity shares (at par with previous year). If approved, will result in outflow of ₹49.28 lakhs.

AGM Details

  • Date: September 25, 2026 (Friday)
  • Time: 11:00 am
  • Mode: Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Register of Members closure: September 19, 2026 to September 25, 2026 (both days inclusive)
  • Cut-off date for dividend: September 18, 2026

Business Items for AGM

Ordinary Business:

1. To consider and adopt Audited Financial Statements for FY ended March 31, 2026

2. To declare dividend on equity shares

3. To re-appoint Mrs. Mamta Mangaldas (DIN: 00021078) as Director who retires by rotation

Special Business:

4. To increase threshold of loans/guarantees/providing of securities and making of investments in securities under Section 186 of Companies Act, 2013 up to ₹100 Crores

Key Management Personnel

  • Mr. Aditya Mangaldas: Chairman and Managing Director
  • Mrs. Mamta Mangaldas: Director
  • Ms. Gargi Mashruwala: Director
  • Mr. Anil Wani: Director
  • Mr. Asgar Bengali: Chief Financial Officer
  • Mr. Hussain Sidhpurwala: Company Secretary

Auditors

  • Statutory Auditors: Vasani & Thakkar Chartered Accountants (Firm Registration No. 111296W)
  • Secretarial Auditors: Nilesh Shah & Associates Company Secretaries

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 56.16% (55,349 shares)
  • Public Shareholding: 43.84% (43,211 shares)
  • Shares in demat form: 97.04% of paid-up capital

Corporate Governance

  • Board meetings held during year: 4
  • Audit Committee meetings: 4
  • Stakeholders Relationship Committee meetings: 4
  • Nomination Remuneration Committee meeting: 1
  • No pending shareholder complaints

Related Party Transactions

Transactions with key management personnel:

  • Mr. Aditya Mangaldas: ₹105.25 lakhs
  • Mr. Asgar Bengali: ₹11.41 lakhs
  • Mr. Hussain Sidhpurwala: ₹4.58 lakhs

Other Material Information

  • Company constructs luxury villas in Alibaug
  • Buying land for two villas and shortlisted another piece for two more villas
  • No manufacturing activity during the year
  • No fraud reported by auditors
  • No significant material orders during the year
  • Unmodified audit opinion from statutory auditors

Voting Instructions

  • E-voting period: September 22, 2026 (10:00 am) to September 25, 2026 (5:00 pm)
  • Scrutinizer: Mr. Nilesh Shah, Practising Company Secretary
  • Results to be placed on company website: www.victoriamills.in