Epuja Spiritech Ltd

Epuja Spiritech Limited Trading Window Closed for Designated Persons from 01 October 2026 till the declaration of Unaudited Financial Results for the quarter and half year ended 30 September 2026 and 48 hours thereafter

Promoter to Public reclassification

• BSE No-Objection received for reclassifying promoters to Public under Regulation 31A.
• DIVIT INDIA SERVICES PRIVATE LIMITED reclassified from Promoter to Public.
• WNFOTEL INFOMEDIA TECHNOLOGIES PRIVATE LIMITED reclassified from Promoter to Public.
• Approval granted by BSE; compliance with Regulation 31A and LODR provisions.
• Company will comply with disclosure requirements and related provisions under Regulation 31A.
• Date of No-Objection: 25 September 2026.
• No financial amounts disclosed in the No-Objection letter.
• Change impacts promoter/public classification; may affect future shareholding disclosures.

ESOP approval and name change

• Board approved adoption of ESOP Scheme in-principle for future issuance to employees.
• Company name updated to Epuja Spiritech Limited from Sagar Productions Limited.

Financial highlights

• Standalone revenue from operations Rs 185.90 Lakh, down from Rs 864.70 Lakh in FY25.
• Consolidated revenue from operations Rs 192.12 Lakh; consolidated loss after tax Rs 1,048.74 Lakh.
• Standalone net loss after tax Rs 1,048.55 Lakh; swing from Rs 15.77 Lakh profit.
• EPS basic/diluted for FY26: Rs (0.93).
• Dividend declared for FY25-26: none.

Capital and funding

• Paid-up equity capital Rs 1,130.82 Lakh; up from Rs 854.79 Lakh.
• Rights issue planned up to Rs 60 crore, subject to approvals.
• Debt level Rs 27.16 Lakh; debt-to-equity ratio 0.02.
• Dematerialised shares at 99.99% of total equity.
• Wholly-owned subsidiary: Epuja Softtech Private Limited.

Business model and growth

• Network of about 3,600 temples enabling remote Pujas via priests.
• Diversified verticals: astrology, Rudraksha, gemstones, Pandit-at-Home, spiritual tours.
• Asset-light model enabling scalable growth via technology.
• Post-year MOA amended to include Agro Products and IT-enabled services.

Governance and controls

• Board comprises nine directors; independent directors Mishra, Khakhi, Chandrasekharan, Tardalkar.
• 16 board meetings held in 2025-26.
• Audit Committee: three members; Chair Pooja Hemang Khakhi.
• CEO/CFO certification on financial statements and internal controls.
• Secretarial audit by M K Samdani; findings: compliant.

Tax and risk

• Contingent income tax liabilities Rs 347.85 Lakh; AY 2018-19 dispute pending.
• Risk management framework and internal controls ongoing enhancements.

Cash flows and liquidity

• Operating cash flow: net outflow Rs 635.30 Lakh; financing inflow Rs 659.58 Lakh.
• Net cash increase Rs 24.28 Lakh; closing cash Rs 52.67 Lakh.

Post-year developments

• MOA amendments to include Agro, agri-tech, and supply chain services.
• ESOP 2026 to be implemented; 1% annual cap; no employees yet identified.

AGM Details

• Date and time: 30 September 2026 at 4:00 PM.
• Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM).
• Record date for attendance/e-voting: 22 September 2026.
• Register of Members closed: 23–30 September 2026.

Key Resolutions

• Ordinary Resolution: Adopt the standalone and consolidated financial statements and reports.
• Ordinary Resolution: Re-appointment of Rikin Jitendra Parekh as Director.
• Special Resolution: Grant ESOP 2026 equal to or exceeding 1% of issued capital.

Dividend

• Dividend: Board did not recommend any dividend for FY2025-26.

Directors & Auditors

• Director: Rikin Jitendra Parekh to be reappointed by rotation.
• Statutory Auditor: S D P M & Co; Audit fees Rs 3.00 lakh.
• Secretarial Auditor: M K Samdani & Co; Secretarial audit engaged; Internal Auditor: Umangi Bhavsar & Associates.

Material RPTs & Other Approvals

• Related Party Transactions: Remuneration to KMP totalled 56.54 Lacs; end-year loans to directors totalled 27.16 Lacs.
• Rights Issue: Board approved rights issue up to Rs 60 crore, subject to stock exchange approvals.
• ESOP 2026: Special resolution approved for granting options ≥1% of issued capital; to be implemented after approvals.

Book closure for AGM

• Book closure: 23 September 2026 to 30 September 2026 (inclusive).
• Purpose: Annual General Meeting.
• Security: Equity shares.
• AGM date: 30 September 2026.

Key Decisions

• Board approves ESOP 2026 grant ≥1% of issued capital for identified employees, subject to shareholder approval.
• Megha Samdani appointed Scrutinizer for 47th AGM.
• Approved Notice for 47th AGM and Directors' Report for FY ended 31 March 2026.
• AGM scheduled for 30 September 2026 at 4:00 PM via VC/OAVM.
• Cut-off date fixed at 22 September 2026 for voting eligibility.
• Remote e-voting from 27 September to 29 September 2026 (09:00–17:00).
• Book closure from 23 September to 30 September 2026.
• Notice of 47th AGM and Annual Report to be submitted to stock exchanges.

Overview of postal ballot scrutiny

• Consolidated Scrutinizer Report submitted for remote e-voting and postal ballot ended Aug 29, 2026.
• Issuer: Epuja Spiritech Limited (formerly Sagar Productions Limited).
• Purpose: Scrutinizer report under Section 108 and Rule 20 for e-voting and postal ballot.

Resolutions and outcomes

• Special resolution to raise intercompany loan limit to ₹100 crore; voting 100% in favor.
• Special resolution to add object clause in MoA; voting 99.99% in favor.
• Ordinary resolution to increase authorised share capital and alter capital clause; voting 99.99% in favor.