Flexituff Ventures International Ltd

Flexituff Ventures International Limited — Trading Window closed from October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results along with limited review report for the Quarter & Half Year Ended 30th September, 2026.

Auditor appointment

• Appointed S.N. Gadiya & Co as Statutory Auditor for FY 2026-27, subject to shareholder approval.

Directors' Report

• Approved revised Directors' Report for the financial year ended 31 March 2026.

AGM communications

• Dispatched Notice for the 33rd Annual General Meeting.

Name change proposal

• Note CRC approval for proposed change of name to Kaashipur Ventures International Limited and seek member approval.

Auditor appointment

• Appointment of Statutory Auditors: M/s. S.N. Gadiya & Co., effective 8 Sep 2026.
• Profile: S.N. Gadiya & Co., established 1983; experienced in statutory audits for listed entities.
• Relationship: Not related to any director.

Financial performance

• Standalone revenue 205.72m; down from 4601.64m YoY.
• Standalone EBITDA 263.05m; down from 608.11m.
• Standalone net worth declined by 13,418.82 Lakh.
• Consolidated revenue 199.71m; down from 4577.83m.
• Consolidated EBITDA 264.17m; down from 630.81m.
• Consolidated net worth declined by 13,646.9 Lakh.
• Note: Standalone PAT and Consolidated PAT are negative.

Debt and liquidity

• Auditors issued adverse opinions; material going-concern uncertainty.
• Defaults on borrowings; SARFAESI notices; Kashipur property symbolic possession.
• CARE rating 'D' with negative outlook; liquidity under strain.
• Annual listing fees outstanding due to temporary business closure.

Operations and disruption

• Kashipur unit disrupted by non-availability of critical raw materials; labour strike.
• Absence of revenue from sold FIBC segment reduced turnover.
• Management pursuing liquidity revival measures: working capital, long-term funding, cost rationalization.

Audits, governance and board

• CSR committee dissolved; new directors appointed post-year.
• Secretarial audit noted multiple qualifications; governance framework under strengthening.
• Internal audit not conducted; no internal auditor; steps planned.

Regulatory and litigation

• IBC case CP (IB) 1694/2018 pending final order; Trend Flooring dispute.
• UCO Bank symbolic possession under SARFAESI; disclosure to stock exchanges.
• Outstanding statutory dues; multiple disputes and penalties disclosed.

Capital and corporate actions

• Dividend declared for FY2025-26: NIL.
• Equity share capital: 32.8228m shares; Rs 328.23m paid-up.
• 49,50,000 warrants lapsed; upfront forfeited; no equity issued.
• Name change to Kaashipur Venture International Limited; approvals required.

Outlook and strategy

• Management roadmap includes new markets, digital transformation and R&D.
• Infrastructure investments; revival and long-term value creation.

AGM Details

• AGM on 30 September 2026 at 2:30 PM IST via VC/OAVM
• Record/Book closure from 24 Sep to 30 Sep 2026

Ordinary Business

• Adopt standalone financial statements for year ended 31 March 2026
• Adopt consolidated financial statements for year ended 31 March 2026

Director changes

• Re-appoint Saurabh Kalani as Whole-time Director
• Appoint Gudiya Yadav as Non-Executive Non-Independent Woman Director from Sep 30, 2026
• Appoint Surabhi Singh Rathod as Non-Executive Independent Woman Director
• Appoint Siddharth Shankar Mahajan as Non-Executive Independent Director

Auditor appointment

• Appoint S.N. Gadiya & Co. as Statutory Auditors till 34th AGM; remuneration Rs 2,50,000 plus taxes
• Tenure from conclusion of this AGM until 34th AGM

Special business

• Change name to Kaashipur Venture International Limited
• Alter MOA and AOA to reflect new name
• Substitute name across all documents as per law
• Board authorized to file forms with ROC and exchanges

Book closure details

• Book closure: 24 Sep 2026 to 30 Sep 2026, inclusive.
• Purpose: for the 33rd Annual General Meeting dated 30 Sep 2026.
• Security: Equity shares (533638) and FLEXITUFF.
• Record date: not specified.
• Event date: AGM on 30 Sep 2026.
• E-voting: period not provided.