Financial Performance (FY 2025-26)

  • Total Income: ₹278.62 lakhs (Previous year: ₹42.98 lakhs)
  • Profit Before Depreciation and Tax: ₹4.75 lakhs (Previous year: ₹3.10 lakhs)
  • Depreciation: ₹0.15 lakhs (Previous year: ₹0.00 lakhs)
  • Profit Before Tax: ₹4.60 lakhs (Previous year: ₹3.10 lakhs)
  • Provision for Tax: ₹1.23 lakhs (Previous year: ₹0.80 lakhs)
  • Net Profit After Tax: ₹3.37 lakhs (Previous year: Net loss of ₹2.29 lakhs)
  • Transfer to General Reserves: ₹3.37 lakhs
  • No dividend recommended for the financial year

Capital Structure

  • Authorized Share Capital: ₹10,00,00,000 divided into 5,00,00,000 Equity Shares of ₹2 each
  • Paid-up Equity Share Capital: ₹9,42,50,000 comprising 4,71,25,000 Equity Shares of ₹2 each
  • No changes in share capital during the year
  • No shares issued with differential voting rights, stock options, or sweat equity

AGM Details

  • 44th Annual General Meeting to be held on September 30, 2026, at 3:30 PM IST through Video Conference/Other Audio Visual Means
  • Deemed venue: Registered Office at Office No. D 310, Crystal Plaza, Opposite Infinity Mall, New Link Road, Andheri West, Andheri, Mumbai, Maharashtra, 400053

Ordinary Business

1. To adopt Audited Financial Statements for year ended March 31, 2026

2. To reappoint Mr. Munnalal Jain (DIN: 10478345) as Director retiring by rotation

Special Business

3. To appoint Mr. Kaushik Kantilal Shah (DIN: 01396342) as Independent Director for 5 years from August 14, 2026, to August 13, 2031 (Special Resolution required)

Board and Management Changes

During FY 2025-26:

  • Ms. Prachi Jain resigned as Company Secretary & Compliance Officer effective August 13, 2025
  • Ms. Unnati Sharma (ACS No.: A66581) appointed as Company Secretary & Compliance Officer effective December 26, 2025

Post-FY 2025-26 (up to report date):

  • Mr. Yash Surjan resigned as Non-Executive Independent Director effective August 3, 2026
  • Mr. Kaushik Kantilal Shah appointed as Additional Non-Executive Independent Director effective August 14, 2026

Current Board Composition

  • Mr. Munnalal Bhaiyalal Jain - Managing Director
  • Ms. Sushma Yadav - Non-Executive Independent Director
  • Ms. Kavita Ashok Jain - Non-Executive Independent Director
  • Mr. Atul Kumar Maheshwari - Chief Financial Officer
  • Mr. Kaushik Kantilal Shah - Non-Executive Independent Director (Additional, appointed August 14, 2026)
  • CS Unnati Sharma - Company Secretary and Compliance Officer

Key Appointments

  • Statutory Auditors: M/s. Motilal & Associates LLP (Chartered Accountants) appointed until 48th AGM
  • Secretarial Auditor: M/s. Gajab Maheshwari and Associates (Company Secretaries)
  • Internal Auditors: M/s. Ritik Agrawal & Company (Chartered Accountants)
  • Share Transfer Agent: Purva Sharegistry India Pvt. Ltd.

Auditor Reports

Statutory Auditor Report (M/s. Motilal & Associates LLP)

  • Unqualified opinion on financial statements
  • Key audit matter: Assessment of disputed income tax demands totaling ₹92.48 lakhs due to non-availability of TDS credits in Form 26AS for AY 2011-12 and 2012-13
  • No material fraud reported during the year
  • Internal financial controls considered adequate and operating effectively

Secretarial Auditor Report (M/s. Gajab Maheshwari and Associates)

  • No material violations or non-compliances observed
  • Company complied with Companies Act, 2013; Securities Contracts (Regulation) Act, 1956; Depositories Act, 1996; SEBI Regulations; and other applicable laws
  • Adequate systems and processes in place for compliance monitoring

Corporate Governance

  • Board Meetings: 9 meetings held during the year
  • Audit Committee: 4 meetings held, chaired by Mr. Yash Surjan (until resignation)
  • Nomination and Remuneration Committee: 2 meetings held
  • Stakeholders Relationship Committee: 1 meeting held
  • Whistle Blower Policy implemented with direct access to Audit Committee chairman
  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013

Other Material Information

  • No subsidiary companies, joint ventures, or associate companies
  • No fixed deposits accepted from public
  • No material changes affecting financial position between year-end and report date
  • No significant or material orders passed by regulators, courts, or tribunals
  • Business Responsibility and Sustainability Report (BRSR) not applicable as company not in top-1000 listed entities
  • Corporate Social Responsibility (CSR) provisions not applicable
  • Unpaid Dividend: No amounts lying in Unpaid Dividend Account
  • Loans: Company granted unsecured loans to parties (other than subsidiaries/associates) amounting to ₹107.10 lakhs during year, with outstanding balance of ₹1,070.10 lakhs

Voting Information

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date: September 23, 2026
  • Scrutinizer: Mr. Gajab Maheshwari (CP No.: 24040) of M/s. Gajab Maheshwari and Associates
  • Results declaration: Within 48 hours of AGM conclusion

Important Notes

  • AGM will be conducted entirely through VC/OAVM without physical attendance
  • Documents available for inspection at registered office during working hours
  • Annual Report available on company website: www.wagendinfra.in
  • Shares under compulsory demat trading; physical shareholders advised to dematerialize