Saptak Chem And Business Ltd

Saptak Chem And Business Limited — Trading Window Closure from Oct 1, 2026 till 48 hours after declaration of Unaudited Financial Results for the Quarter ended September 30, 2026.

AGM Details

• AGM held on 29 Aug 2026 via VC/OAVM; 12:30 p.m. to 12:45 p.m.; record date 22 Aug 2026.

Resolutions

• Resolution 1 (Ordinary): Adopt audited financial statements; passed.
• Resolution 2 (Ordinary): Re-appointment of director by rotation; passed.
• Resolution 3 (Ordinary): Regularization of Executive Director; passed.
• Resolution 4 (Special): Appointment of Managing Director for defined term; passed.
• Resolution 5 (Ordinary): Regularization of Non-Executive Independent Director; passed.
• Resolution 6 (Ordinary): Regularization of second Non-Executive Independent Director; passed.

Director Changes

• Executive Director regularized and appointed for a defined term.
• Managing Director appointed for defined term.
• Two Non-Executive Independent Directors regularized.

Voting Highlights

• All resolutions passed; no material dissent observed; promoter majority; broad shareholder support.

AGM Details

• Held on Aug 29, 2026 at 12:30 PM via VC/OAVM; concluded 12:45 PM IST.
• Remote e-voting: Aug 26-28, 2026, 9:00 AM-5:00 PM.
• Scrutinizer appointed for fair voting; notice issued Aug 22, 2026.
• Meeting conducted under MCA/SEBI frameworks with NSDL participation.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements for FY ended Mar 31, 2026.
• Ordinary: Re-appointment of Ayush Tated as Director (Executive) by rotation.
• Special: Regularization of Ayush Tated as Executive Director.
• Special: MD appointment for 2026-2031.
• Special: Regularization of Jubin Gada as Non-Executive Independent Director.
• Special: Regularization of Rinku Saini as Non-Executive Independent Director.

Voting Status

• Resolution 1: Ordinary - Adoption of Financial Statements; results pending, to be announced within 48 hours.
• Resolution 2: Ordinary - Re-appointment of Ayush Tated; results pending.
• Resolution 3: Special - Regularization of Ayush Tated as Executive Director; results pending.
• Resolution 4: Special - MD appointment; results pending.
• Resolution 5: Special - Regularization of Jubin Gada; results pending.
• Resolution 6: Special - Regularization of Rinku Saini; results pending.

Director Changes

• Ayush Tated re-appointed as Executive Director by rotation.
• Ayush Tated Regularized as Executive Director.
• Ayush Tated appointed as Managing Director for 2026-2031.
• Jubin Gada Regularized as Non-Executive Independent Director.
• Rinku Saini Regularized as Non-Executive Independent Director.

Auditors / Related Parties

• No auditor appointments or changes disclosed at AGM; no material RPTs reported.

Purpose

• Corrigendum to AGM notice and Annual Report for FY2025-26 issued.

Date and timing changes

• AGM moved to 29 August 2026 at 12:30 PM via VC.
• Record date updated to 22 August 2026.
• Remote e-voting window adjusted to 26–28 August 2026.
• Electronic documents available for inspection through 29 August 2026.

Independent director appointments

• Jubin Premji Gada appointed Independent Director for five years starting 29 August 2026.
• Rinku Saini appointed Independent Director for five years starting 29 August 2026.
• NRC recommended appointment; board seeks approval by special resolution.

Other governance changes

• Term start dates corrected for Gada and Saini in Annexure/notes.
• AGM date correction reflected in governance disclosures.

Financial highlights

• Revenue from operations: 0.26 lakh FY2026, up from 0.06 lakh FY2025.
• Profit before tax and profit after tax: -30.21 lakh FY2026.
• EPS: Rs -2.81 basic.
• Cash from operations: -109.08 lakh.
• Cash at year-end: ₹25.32 lakh.
• Total assets: ₹114.80 lakh; current liabilities: ₹265.69 lakh.
• Total equity: ₹-150.89 lakh.
• Dividends declared: none.
• Loss widened from ₹8.62 lakh to ₹30.21 lakh.
• Capital reduction completed; 90% equity written off.
• Paid-up capital after reduction: ₹107.32 lakh.
• Warrants issued: 40,00,000; 25% upfront received.
• Post-reduction: 30,73,227 shares; ₹3,07,32,270.
• Purchase order for FY2026-27: ₹5 crore.

Capital structure and capital reduction

• Capital reduction: 90% of equity cancelled; new shares 10,73,227.
• New paid-up capital: ₹107.32 lakh.
• 40 lakh convertible warrants issued to non-promoters; 25% upfront received.
• BSE listing/approval obtained for warrants; trading permission pending.
• Post-issuance capital: ₹307.32 lakh; 30,73,227 shares.
• Short-term borrowings: ₹265.42 lakh; unsecured from relatives; repayable on demand.
• Retained earnings reflect accumulated losses; capital reduction losses written off.

Governance & leadership changes

• MD Ayush V. K. Tated appointed 09-Jan-2026; remuneration Rs 15,000/month; five-year term.
• Regularization of Ayush Tated as Executive Director.
• Jubin Premji Gada appointed Independent Director for five years from 28-Aug-2026.
• Rinku Saini appointed Independent Director for five years from 28-Aug-2026.
• Harsh Suresh Jain appointed CFO on 11-Nov-2025.
• Rohitkumar Parikh resigned 03-Feb-2026; Manthan Bhavsar resigned 29-Dec-2025; Chirag Nanavati resigned 13-Mar-2026.
• Board meetings: 18 in 2025-26; Audit Committee: 4 meetings; NRC: 8; Stakeholders: 4.

Business development and outlook

• Outlook remains positive; revival and expansion underway.
• Purchase order worth ₹5 crore for 2026-27.
• Pursuing preferential issue of convertible warrants; 25% upfront paid; listing approval obtained.
• Management aims to strengthen working capital and scale operations.

Audits, compliance and controls

• Statutory auditors: M/s P H Shah & Co; appointed to fill casual vacancy.
• Secretarial audit flagged non-compliances: RPT in XBRL; not newspaper-published.
• No fraud reported in 2025-26.
• Audit committee met four times; strong internal control oversight.

Liquidity and cash flows

• Cash balance at 31-03-2026: ₹25.32 lakh.
• Net cash from operating activities: ₹-109.08 lakh.
• Current liabilities: ₹265.69 lakh; assets: ₹114.80 lakh.
• Borrowings mainly from related parties; unsecured; repayable on demand.

Shareholder information and AGM

• AGM date: 28 August 2026; mode: VC.
• Record date: 21 August 2026; remote e-voting Aug 25–27, 2026.
• Dividend for 2025-26: none.
• Stock exchanges: BSE; code 506906; Registrar: MCS Share Transfer Agent Limited.

Dematerialisation processing and listing

• Dematerialisation requests for the quarter ended June 30, 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where existing issues are listed.
• Physical certificates were mutilated and cancelled after verification; depository's name substituted as registered owner within 15 days.

Approvals subject to shareholder consent

• Granting loan, investment, and guarantee under Companies Act Section 186
• Entering into transactions under Companies Act Section 185
• Related Party Transactions
• Regularization of Mr. Ayush Vinod Kumar Tated as Executive Director
• Appointment of Mr. Ayush Vinod Kumar Tated as Managing Director from Jan 9, 2026 to Jan 8, 2031
• Regularization of Mr. Ajay Yadav as Non-Executive Non-Independent Director
• Regularization of Mr. Jubin Premji Gada as Non-Executive Independent Director
• Regularization of Ms. Rinku Saini as Non-Executive Independent Director

Governance and voting

• Approval of timeline for e-voting facility
• Approval of draft postal ballot notice for agenda approval
• Appointment of Mrs. Rupal Patel as Scrutinizer for postal ballot

Committee reconstitution

• Audit Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada
• Nomination and Remuneration Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada
• Stakeholders’ Relationship Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada