Pursuant to the requirements under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulation, 2015 as amended from time to time, we are hereby submitting summary of proceedings of the 01/2026-27 Extra-Ordinary General Meeting (“EGM”) of the Company held on Sunday, 14th June, 2026 at 11:30 AM IST at registered office of the Company situated at 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad – 380 058 The Voting Results of the 01/2026-27 Extra-Ordinary General Meeting of the Company along with the Scrutinizer's Report will be shared shortly.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto, we wish to inform you that the Company has issued a Corrigendum dated June 05, 2026 to the Notice of Extra Ordinary General Meeting ("EGM") scheduled to be held on Sunday, June 14, 2026 at 11:30 A.M. (IST). The Corrigendum has been issued to amend the disclosure relating to the Objects of the Preferential Issue and utilization of issue proceeds forming part of the Explanatory Statement under Item No. 1 of the EGM Notice.
Mr. Govindlal C. Thakkar (DIN: 07531165), has completed his term as Independent Director of the Company with effect from the end of the day on May 30, 2026. Consequent to Mr. Govind C. Thakkar’s completion of term as an Independent Director, he ceased to be the Chairman of the Audit Committee and Nomination & Remuneration Committee and Stakeholders’ Relationship Committee.
1. Appointment of Ms. Mansi Hardik Shah (DIN: 00031947) as an Additional Director (Non-Executive Independent Director) of the Company w.e.f. 04th June, 2026 2. Mr. Govindlal C. Thakkar (DIN: 07531165), has completed his term as Independent Director of the Company with effect from the end of the day on May 30, 2026. Consequent to Mr. Govind C. Thakkar’s completion of term as an Independent Director, he ceased to be the Chairman of the Audit Committee and Nomination & Remuneration Committee and Stakeholders’ Relationship Committee.
1. Appointment of Ms. Mansi Hardik Shah (DIN: 00031947) as an Additional Director (Non-Executive Independent Director) of the Company w.e.f. 04th June, 2026 2. Mr. Govindlal C. Thakkar (DIN: 07531165), has completed his term as Independent Director of the Company with effect from the end of the day on May 30, 2026. Consequent to Mr. Govind C. Thakkar’s completion of term as an Independent Director 3. Reconstitution of various committees of board due to appointment of new non-executive Independent Director of the company in compliance with the requirements of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
Filling of Draft Letter of Offer
Filling of Draft Letter of Offer
Filling of Draft Letter of Offer
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| YOY Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income | 0.21 | 0.21 | 0.15 | 0.22 | 0.13 | 0.12 | 0.11 | 0.17 | 0.13 | 0.11 | 7.44 | 0.31 |
| Total Income | 0.21 | 0.21 | 0.15 | 0.22 | 0.13 | 0.12 | 0.11 | 0.17 | 0.13 | 0.11 | 7.44 | 0.31 |
| Total Expenses + | 0.48 | 0.48 | 0.49 | 0.50 | 0.41 | 0.40 | 0.42 | 0.40 | 0.41 | 0.74 | 0.79 | 1.00 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.10 | 0.08 | 0.09 | 0.12 | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.09 |
| Other Expenses | 0.17 | 0.18 | 0.19 | 0.16 | 0.12 | 0.11 | 0.12 | 0.12 | 0.13 | 0.43 | 0.52 | 0.73 |
| Operating Profit | -0.48 | -0.48 | -0.49 | -0.50 | -0.41 | -0.40 | -0.42 | -0.40 | -0.41 | -0.74 | -0.79 | -1.00 |
| OPM % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Profit Before Tax + | -0.27 | -0.27 | -0.34 | -0.28 | -0.28 | -0.28 | -0.30 | -0.23 | -0.28 | -0.63 | 6.65 | -0.69 |
| Tax Expense | -0.12 | -0.09 | -0.06 | -0.03 | -0.11 | -0.03 | -0.15 | -0.07 | -0.06 | -0.17 | 1.68 | -0.17 |
| Tax % | - | - | - | - | - | - | - | - | - | - | 25.3% | - |
| Profit After Tax | -0.15 | -0.18 | -0.28 | -0.25 | -0.17 | -0.25 | -0.15 | -0.16 | -0.22 | -0.46 | 4.97 | -0.52 |
| EPS (Basic) | 700.21 | 0.00 | 0.00 | -0.36 | 700.25 | 0.00 | -0.22 | -0.23 | -0.39 | -0.66 | 7.10 | -0.74 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 0.00 | 0.00 | 0.00 | 0.00 | 10.59 | 13.09 |
| YOY Revenue Growth % | - | - | - | -100% | -19.11% | - |
| Other Income | 7.99 | 0.54 | 0.79 | 0.64 | 3.97 | 0.82 |
| Total Income | 7.99 | 0.54 | 0.79 | 0.64 | 14.56 | 13.91 |
| Total Expenses + | 2.93 | 1.63 | 1.95 | 2.82 | 13.36 | 14.42 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 4.06 | 4.52 |
| Employee Benefit Expense | 0.36 | 0.34 | 0.40 | 0.53 | 2.52 | 2.82 |
| Other Expenses | 1.81 | 0.47 | 0.70 | 1.41 | 5.06 | 4.97 |
| Operating Profit | -2.93 | -1.63 | -1.95 | -2.82 | -2.78 | -1.34 |
| OPM % | 0% | 0% | 0% | 0% | -26.2% | -10.2% |
| Profit Before Exceptional | 5.06 | -1.09 | -1.16 | -2.18 | 1.19 | -0.51 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 5.06 | -1.09 | -1.16 | -2.18 | 1.19 | -0.51 |
| Tax Expense | 1.29 | -0.35 | -0.30 | -0.56 | 0.36 | -0.09 |
| Tax % | 25.4% | - | - | - | 29.8% | - |
| Profit After Tax | 3.77 | -0.74 | -0.86 | -1.62 | 0.84 | -0.42 |
| EPS (Basic) | 5.40 | -1.06 | -1.23 | -2.31 | 1.08 | -0.61 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 12.50 | 16.49 | 20.45 | 21.31 | 22.23 | 26.60 |
| Property, Plant & Equipment | 2.47 | 5.66 | 6.57 | 7.43 | 8.20 | 13.66 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Current Assets + | 16.63 | 5.51 | 3.50 | 3.28 | 5.13 | 7.07 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.74 |
| Trade Receivables | 0.04 | 0.59 | 0.56 | 0.47 | 1.40 | 4.55 |
| Cash and Cash Equivalents | 0.01 | 0.00 | 0.00 | 0.04 | 0.21 | 0.02 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 24.91 | 21.13 | 21.87 | 22.73 | 24.34 | 23.66 |
| Equity Share Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Other Equity | 17.91 | 14.13 | 14.87 | 15.73 | 17.34 | 16.66 |
| Non-Current Liabilities | 0.22 | 0.68 | 1.02 | 1.32 | 1.87 | 3.92 |
| Current Liabilities | 4.00 | 0.19 | 1.06 | 0.55 | 1.15 | 6.08 |
| Total Liabilities | 4.21 | 0.87 | 2.08 | 1.86 | 3.02 | 10.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | -15.24 | 2.01 | -1.35 | -0.32 | -0.98 | 0.00 |
| Cash from Investing Activities | 10.45 | 0.62 | 0.67 | 0.43 | 6.90 | 0.00 |
| Cash from Financing Activities | 2.94 | -0.78 | 0.64 | -0.28 | -5.73 | 0.00 |
| Net Increase/Decrease in Cash | -1.85 | 1.86 | -0.04 | -0.17 | 0.19 | 0.00 |