Pushpsons Industries Ltd

AGM details

• AGM held on 29 September 2026 via VC/OAVM at 11:00 AM.
• Register of Members and share transfer books closed 23–29 September 2026 (inclusive).
• Remote e-voting from 26 September 2026 10:00 AM to 28 September 2026 5:00 PM.
• Members on cut-off date eligible to vote.

Key resolutions

• Resolution 1: Adopt Audited Financial Statements for year ended March 31, 2026.
• Resolution 2: Re-appoint Pankaj Jain as Director, retiring by rotation.
• Resolution 3: Re-appoint Dhruv Jain as Director, retiring by rotation.
• Resolution 4: Approve appointment of Statutory Auditor to fill casual vacancy.
• Resolution 5: Appoint M/s R. Verma & Associates as Statutory Auditor.

Voting results

• Resolution 1 passed; 100% in favour; no dissent.
• Resolution 2 passed; 100% in favour; no dissent.
• Resolution 3 passed; 100% in favour; no dissent.
• Resolution 4 passed; 100% in favour; no dissent.
• Resolution 5 passed; 100% in favour; no dissent.

Directors and auditors

• Directors reappointed: Pankaj Jain and Dhruv Jain.
• Casual vacancy auditor appointment approved.
• R. Verma & Associates appointed as statutory auditor.

AGM details

• Held via VC/OAVM on 29 September 2026 at 11:00 AM.
• Register of Members and share transfer books closed 23-29 September 2026.
• Remote e-voting from 26-28 September 2026; cut-off date 23 September 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt audited financial statements for year ending 31 Mar 2026; approved (100%).
• Resolution 2 (Ordinary): Re-appoint Pankaj Jain as director by rotation; approved (100%).
• Resolution 3 (Ordinary): Re-appoint Dhruv Jain as director by rotation; approved (100%).
• Resolution 4 (Ordinary): Appoint statutory auditor to fill casual vacancy; approved (100%).
• Resolution 5 (Ordinary): Appoint M/s R. Verma & Associates as statutory auditors; approved (100%).

Director changes

• Directors Pankaj Jain and Dhruv Jain re-appointed by rotation.

Auditor approvals

• Auditor-related resolutions passed with no dissent.

AGM Details

• Mode: AVM/Video Conferencing; Time: 11:00 AM.

Key Resolutions

• Adoption of audited financial statements with Board and Auditor reports.
• Directors up for rotation: two directors eligible for reappointment.
• Appointment of Statutory Auditor to fill vacancy.

Pushpsons Industries Ltd — trading window closed from 1 October 2026 till 48 hours after the declaration of financial results for the quarter ended 30 September 2026.

Financial performance

• Revenue from operations: 33,217.51 thousand for year ended 31 March 2026.
• Total income: 34,905.61 thousand for the year.
• Profit after tax: 1,373.97 thousand; total comprehensive income: 1,477.63 thousand.
• Earnings per share: 0.32 (basic and diluted).
• Dividend for 2025-26: not declared.
• Revenue declined YoY from 44,579.87 to 33,217.51 thousand.

Capital structure & liquidity

• End of year equity shares: 4,650,100; 1,240,800 forfeited shares paid up; BSE updation pending.
• Promoter holding: 68.93% (3,205,300 shares) as of 31 March 2026.
• Total debt: 6,159.75 thousand; gearing: 12.15x.
• Cash and cash equivalents: 10,474.65 thousand.
• Total assets: 56,863.50 thousand.
• Dematerialisation pending; listing certificate not yet dematerialised with BSE.

Governance & audit

• Auditor change: M/s Ritu Gupta & Co resigned Aug 13, 2026; M/s R. Verma & Associates appointed.
• Term: Aug 13, 2026 to 32nd AGM; five-year term to 37th AGM.
• Secretarial auditor: Anand Nimesh & Associates; Annexure A attached.
• Board: six directors; Sunil Sharma appointed May 2025; Shiv Dayal Verma ceased Apr 2025.
• Audit committee: three independent directors and one executive; four meetings held.
• Secretarial audit notes dematerialisation and minimum public shareholding issues.

Shareholding & major holders

• Promoters hold 3,205,300 shares (68.93%); Pankaj Jain and Dinesh Jain jointly hold 1,174,700 each.
• Top ten holders include Gaurav Shyam 668,700; Panipat Weaving 527,500.
• Category split: Promoters 68.93%; Public 31.07%.
• Dematerialisation pending; listing certificate with BSE.

Operational snapshot

• Single segment: Export of Carpets and Made-Ups.
• Exports FOB: 31,043.59 thousand; Exhibition: 3,354.55 thousand.
• Energy conservation pursued; in-house technology; no external technology used.
• CSR not applicable.

Shareholder communications & AGM

• AGM: 32nd AGM on 29 Sept 2026 via VC/OAVM; cut-off date 23 Sept 2026.
• Remote e-voting: 26-28 Sept 2026; facility by CDSL.
• Notice on company site and BSE; green initiative to go paperless.

Risks & outlook

• Outlook: demand to improve in India and export markets.
• Risks: inflation, high interest rates, rupee depreciation, competition.
• Currency risk considered negligible; management focuses on cost efficiency.

Auditor change

• Resignation of M/s Ritu Gupta & Co. as statutory auditors, effective 13 August 2026.
• Appointment of M/s R. Verma & Associates as statutory auditors to fill the casual vacancy.
• Casual-vacancy term until the 32nd AGM for FY 2025-26.
• Five-year term from the 32nd AGM ending at the 37th AGM (2031).
• Reason: preoccupation with other assignments and limited audit staff.
• No material reasons for resignation; no disagreements with management.
• New auditor profile: 40+ years' experience in audit, taxation, corporate law.
• No relationships with other directors disclosed.
• Appointment subject to shareholder approval at upcoming AGM.

Financial results

• Standalone unaudited results for quarter ended 30 June 2026 approved with limited review and unmodified opinion.

AGM and governance

• 32nd AGM on 29 September 2026; book closure 23–29 September 2026; AGM notice approved.

Directors' Report

• Directors' Report for FY ended 31 March 2026 approved.

Auditor changes

• Resignation of statutory auditor M/s. Ritu Gupta & Co effective 13 August 2026.
• Appointed M/s. R. Verma & Associates to fill casual vacancy.
• Five-year appointment of M/s. R. Verma & Associates from AGM end, subject to member approval.

Share capital and regulatory filings

• Filing with Exchange to rectify post-forfeiture issued capital to 46,50,100 shares.
• Authorized MD/Chairman/Company Secretary to finalize filings and related actions.

Standalone results

• Quarter ended 30 June 2026: standalone unaudited financial results.
• Single reportable segment: exports of carpet and made-ups.
• Net profit after tax (Ind AS) for quarter ended 30 June 2026: Rs 1.54 Lakhs.
• Board approved results at meeting held 13 Aug 2026.
• Limited Review: unmodified opinion on quarterly results.

Meeting Details

• Date: August 13, 2026; time not disclosed.
• Venue: registered office, B-40, Okhla Industrial Area, New Delhi.

Key Agenda Items

• Consider and approve unaudited standalone financial results for quarter ended June 30, 2026.
• Any other business with permission of the Chair.

Other Notes

Dematerialisation processing and listing status

• Securities received for dematerialisation in the reporting quarter were confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository named as registered owner within 15 days.