Ceenik Exports India Ltd

Order details

• Final order from Regional Director, Western Region-I, MCA, under Section 441.
• Non-appointment of Company Secretary from 18 September 2016 to 1 November 2018.
• Aggregate compounding fee levied: Rs 5.10 lakh; fully paid.
• Company portion paid Rs 1.60 lakh; no material business impact.
• Final order dated 23 September 2026; receipt recorded 30 September 2026.
• Violation relates to non-appointment of Company Secretary during FY 2016-17 to 2018-19.
• No material impact on operations or financial stability.
• Regulatory body is domestic; no related party or promoter interest indicated.
• Payment terms beyond full payment not further specified.

CEENIK EXPORTS (INDIA) LIMITED: Closure of Trading Window from October 01, 2026 till 48 hours after communication of un-audited half-year results for the period ended September 30, 2026

AGM details

• AGM conducted via VC/OAVM.
• Voting conducted using NSDL e-voting facility pre- and during AGM.

Resolutions and results

• Ordinary resolution: adoption of standalone financial statements approved.
• Ordinary resolution: director reappointment approved.

Directors

• Directors' rotation and reappointment approved; retiring director offered herself for reappointment.

Financial performance

• Total income ₹215.93 lakh in FY2025-26, down from ₹1,602.28 lakh.
• PAT ₹-940.82 lakh; EPS ₹-23.40.
• Realty & Investments revenue ₹215.93 lakh; derivative trading loss ₹967.94 lakh.
• Total segment revenue was a loss of ₹752.01 lakh.
• Garment manufacturing ceased from 1 Apr 2025.
• Net cash from operating activities ₹-673.18 lakh; year-end cash ₹50.25 lakh.
• Debt-to-Equity ratio 2.77; Current ratio 0.33.

Business model & strategy

• Garment manufacturing ceased from 1 Apr 2025.
• FY26 pivot to Realty & Investments and Derivative Trading.
• Objects expanded to real estate development, PPP and BOT opportunities.
• Postal Ballot on 2-Jul-2026 amended main objects.
• Nitin Narain Hingorani appointed Additional Director on 22 May 2026.
• Company has no holding/subsidiaries as of 31 Mar 2026.

Capital structure & liquidity

• Authorized capital ₹7.50 crore; paid-up equity ₹4.02 crore.
• Total borrowings ₹3,171.68 lakh; long-term ₹903.37; short-term ₹2,229.97.
• DSCR is negative; Current ratio 0.33; Debt-to-Equity 2.77.
• No final dividend declared for FY2025-26.
• Closing equity ₹1,132.44 lakh; net loss reduced net worth.

Dividend & capital allocation

• Final dividend not declared for FY2025-26.
• No transfer to reserves or surplus reported.

Governance & risk management

• Statutory auditors: J.S. Uberoi & Co; Secretarial: Dilip Swarnkar & Associates.
• Internal auditor: Sunil Powar; Board includes Narain Hingorani, Kavita Hingorani, and independent directors.
• Auditors’ report cites Emphasis of Matter on derivative trading losses; management asserts going concern.
• MCA penalty of ₹1.50 lakh paid for earlier auditor appointment issue.

Related party transactions

• Related parties include Niktin Properties & Estates Pvt Ltd; Viking Advanced Technologies; September Fashion; Ceenik Fashion.
• Unsecured loan from Niktin Properties ₹1,761.83 lakh; investments ₹34.20 lakh.
• Ceenik Fashion reimbursements ₹52.89; CFO/CS remuneration ₹8.41; related party rents ₹0.46.
• Year-end balances show loans to/from related parties; disclosures in Note 35.

Outlook & risks

• Rental income expected to rise as more premises are leased.
• Derivatives trading remains volatile; management notes potential but not threatening continuity.
• Real estate and regulatory environment present opportunities and risks; ongoing risk management is essential.

Interim MCA order on CS non-appointment

• Interim order from Regional Director, Western Region, MCA.
• Compounding of default for non-appointment of CS from 18 Sep 2016 to 20 Aug 2019.
• Penalty of ₹1,60,000 imposed.
• No material impact on operations or management.
• Interim order dated 17 August 2026; company will update exchanges on material developments.

Financial results approved

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Report by M/s J.S. Uberoi & Co. attached.

Director's report and AGM notices

• Director's Report for the year ended 31 March 2026 approved.
• Notice of 32nd AGM scheduled on 24 September 2025 via VC/OAVM approved.
• Cut-off date for AGM eligibility fixed at 17 September 2026.
• Scrutinizer appointed for AGM voting: M/s. Dilip Swarnkar & Associates.

Business actions and segment changes

• Discontinuation of garment segment effective 01 April 2025.
• Garment segment assets and liabilities moved to Realty & Investments.
• Derivatives trading segment introduced; prior period figures regrouped.

Financial statements and notes

• Statement of assets and liabilities as at 30 June 2026 included.

Meeting Details

• Scheduled for Friday, August 7, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited financial results for the quarter ended June 30, 2026.
• Any other matter with the permission of the Chair.

Other Notes

• Trading window closed from July 01, 2026 until 48 hours after results are communicated.