AGM Details

  • Date: Wednesday, 30th September, 2026
  • Time: 11:30 a.m.
  • Venue: Registered office at Plot No. 15, Road 10, Sec -1 New Panvel East, Raigarh, Navi Mumbai, Maharashtra, India, 410206
  • Book Closure: From 18th September, 2026 to 30th September, 2026 (both days inclusive)
  • Record Date: 23rd September, 2026 (cut-off date for e-voting)

Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone Financial Statements for FY 2025-26 together with Reports of Board of Directors and Statutory Auditors

2. Re-appointment of Director: Mrs. Sumanlata Dhareshwar (DIN: 07027595) retires by rotation and offers herself for re-appointment

E-Voting Arrangements

  • Remote e-voting period: Begins 27th September, 2026 at 09:00 A.M. and ends 29th September, 2026 at 05:00 P.M.
  • Service provider: NSDL e-Voting system
  • Scrutinizer: CS Mayuri Rupareliya from M Rupareliya & Associates Practicing Company Secretaries

Financial Performance Highlights (Standalone)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) |

| Income from operations | 1,956.01 | 1,071.76 |

| Other Income | 0.92 | 0.03 |

| Total revenue | 1,965.93 | 1,071.79 |

| Total Expenses | 1,942.47 | 1,966.11 |

| Profit before tax | 23.05 | (894.33) |

| Deferred Tax Charge | (0.09) | 0.4 |

| Profit after tax (PAT) | 22.96 | (894.29) |

| Total Comprehensive Income | 22.96 | (894.29) |

Key Financial Position (as at March 31, 2026)

  • Equity Share Capital: ₹38.96 lakhs (unchanged from previous year)
  • Other Equity: Negative ₹768.72 lakhs (improved from negative ₹791.09 lakhs)
  • Total Assets: ₹4,584.95 lakhs
  • Short Term Borrowings: ₹4,677.03 lakhs
  • Trade Receivables: ₹451.64 lakhs
  • Cash and Cash Equivalents: ₹28.22 lakhs

Board of Directors

Executive Directors

  • Pankaj Narendra Saxena - Managing Director & CFO (DIN: 10289985)

Non-Executive Directors

  • Chaitanya Bharat Dhareshwar - Non-executive Director
  • Sumanlata Dhareshwar - Non-executive Director (DIN: 07027595)

Independent Directors

  • Uma Krishnan - Independent Director
  • Rishi Dharampal Aggarwal - Independent Director
  • Nitesh Pratapray Mehta - Independent Director

Key Managerial Personnel

  • Pankaj Narendra Saxena - Managing Director and Chief Financial Officer
  • Harshvardhan Barve - Secretary & Compliance Officer

Auditor Information

  • Statutory Auditor: M/s B.B. Gusani & Associates, Chartered Accountants
  • Secretarial Auditor: M/s Rupal Patel & Associates, Practicing Company Secretaries
  • Internal Auditor: M/s D G M S & CO., Chartered Accountants, Jamnagar [FRN: 112187W]

Corporate Governance

  • The Company is exempted from corporate governance requirements as it is listed on BSE SME Platform
  • Board met 4 times during FY 2025-26
  • Audit Committee met 4 times during the year
  • Nomination and Remuneration Committee met 1 time during the year
  • Stakeholders Relationship Committee met 1 time during the year

Compliance Issues Identified in Secretarial Audit

1. Company has a group company named Wherrelz Corporation incorporated outside India not disclosed to regulatory authorities

2. Minutes of meetings not maintained in accordance with Companies Act, 2013 requirements

3. Delayed filing of shareholding pattern under Regulation 31 for quarter ended September 2025 - BSE imposed ₹11,800 fine

4. Non-submission of statement on shareholder complaints within prescribed period - BSE imposed ₹22,420 fine

5. Non-submission of Reconciliation of Share Capital Audit Report for quarter ended December 2025

6. Delayed submission of AGM voting results as per Regulation 44(3)

7. Delayed filing of Form MGT-7 since financial year 2023-24

Other Material Information

  • Dividend: No dividend recommended for the year due to accumulated losses
  • Reserves: No amount transferred to reserves during the year
  • Subsidiaries/JVs: Company did not have any joint venture, holding or subsidiary company
  • Loans/Investments: Company did not give loans, provide guarantees, or make investments under Section 186 of Companies Act, 2013
  • Related Party Transactions: All transactions were on arm's length basis in ordinary course of business
  • Deposits: Company did not accept/renew any deposits during the year
  • CSR: Provisions of Section 135 not applicable to the Company
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report