AGM Details

The 33rd AGM is scheduled to be held on Wednesday, September 30, 2026, at 01:00 p.m. at "Vyanjan Banquet Hall", 46, First Floor, Oshiwara Link Plaza, Next to Oshiwara Police Station, Near Maheshwari Bhawan, above "Vyanjan" Sweets, Link Road, Extn, Andheri (West), Mumbai-400102.

Ordinary Business

1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, and the Reports of the Board of Directors and the Auditors thereon.

2. To appoint a director in place of Mr. Tilokchand Manaklal Kothari (DIN: 00413627), who retires by rotation and, being eligible, offers himself for re-appointment.

3. Appointment of Ms. Riddhi Kishor Trivedi, Chartered Accountant (Membership No. 611547), as Statutory Auditor for a term of five consecutive years from the conclusion of the 33rd AGM until the conclusion of the 38th AGM, at remuneration plus applicable taxes to be approved by the Board.

Special Business

4. Approval of Material Related Party Transactions and Inter-Corporate Loans / Financial Assistance with related parties up to a maximum value of ₹25 Crore for each related party during FY 2026-27. The related parties are: Maharashtra Corporation Limited, Visagar Polytex Limited, Shalimar Productions Limited, Trisha Studios Limited, Visagar Textiles Private Limited, Njoymax OTT Entertainment Pvt. Ltd., Sagar Portfolio Services Ltd., and Jagrecha Finance and Trades Private Limited.

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹993.28 Lakhs (Previous Year: ₹12,956.73 Lakhs)
  • Total Expenses: ₹1,029.32 Lakhs (Previous Year: ₹12,972.91 Lakhs)
  • Loss Before Tax: ₹36.04 Lakhs (Previous Year: Loss of ₹16.18 Lakhs)
  • Total Tax: ₹0.10 Lakhs (Previous Year: ₹0.12 Lakhs)
  • Loss After Tax: ₹35.94 Lakhs (Previous Year: Loss of ₹16.07 Lakhs)
  • Paid-up Share Capital: ₹5,839.16 Lakhs (Unchanged from previous year)
  • Earnings Per Share (Basic and Diluted): (₹0.01) (Previous Year: (₹0.00))

Key Financial Ratios (FY 2025-26)

  • Current Ratio: 0.22 times
  • Debt-Equity Ratio: 0.51 times
  • Net Profit Ratio: (3.62%)
  • Return on Equity: (0.60%)
  • Trade Receivables Turnover Ratio: 3.14 times
  • Trade Payables Turnover Ratio: 85.13 times

Capital Structure

The paid-up equity share capital as on March 31, 2026, was ₹5,839.16 Lakhs. There were no public issues, rights issues, bonus issues, preferential issues, or any other form of share issuance during the year.

Dividend

No dividend recommended for FY 2025-26 due to losses incurred.

Board of Directors & Key Managerial Personnel

  • Tilokchand Kothari: Chairman & Executive Director
  • Kuldeep Kumar: Independent Director
  • Madhubala Vaishnav: Independent Director
  • Anju Pareek: Independent Director
  • Vikasjeet Singh: Non-Executive Director (Appointed w.e.f. August 14, 2025)
  • Ankita Rai: CFO
  • Sagar Kothari: CEO
  • Pushpraj Gupta: Company Secretary (Resigned w.e.f. August 14, 2025)
  • Palak Rajeshkumar Doshi: Company Secretary (Appointed w.e.f. November 14, 2025)

Auditors

  • Statutory Auditor: Ms. Riddhi Kishor Trivedi, Chartered Accountant (Membership No. 611547) - appointed to fill casual vacancy subject to members' approval
  • Secretarial Auditor: M/s Kirti Sharma & Associates
  • Internal Auditor: Mr. Lakhpat M. Trivedi

Regulatory Compliance Issues

  • The Secretarial Audit Report noted non-compliance with Regulation 44(3) of SEBI LODR Regulations relating to submission of voting results within prescribed timeline, resulting in a penalty of ₹11,800 levied by BSE.
  • None of the Independent Directors are registered with the Independent Director's Databank.
  • The Company failed to maintain SDD Software.

Related Party Transactions

Substantial related party transactions disclosed including loans to:

  • Maharashtra Corporation Limited: ₹27.89 lakh
  • Trisha Studios Limited: ₹505.50 lakh
  • Visagar Developers Private Limited: ₹28.50 lakh
  • Visagar Polytex Limited: ₹300.26 lakh
  • SibSagar Trade and Agencies (Njoymax OTT Entertainment): ₹20.00 lakh

Shareholding Pattern

As on March 31, 2026:

  • Promoters: 5.95%
  • Public: 90.76%
  • Bodies Corporate & NBFCs: 2.49%
  • Others: 0.79%
  • 99.86% shares held in dematerialized form

AGM Logistics

  • Record Date: September 23, 2026
  • Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)
  • Remote e-voting period: September 27, 2026 (09:00 A.M.) to September 29, 2026 (05:00 P.M.) through NSDL
  • Scrutinizer: Ms. Kirti Sharma, Practicing Company Secretary

Other Material Information

  • The company does not have any subsidiaries, joint ventures, or associate companies
  • No material changes and commitments affecting the financial position occurred after the financial year end
  • The company has adequate internal control systems commensurate with its size and operations
  • No significant material orders were passed by regulators or courts impacting the going concern status