Asutosh Enterprises has fixed September 29, 2026 as the record date for its 45th Annual General Meeting. The company’s register of members and share transfer books will remain closed from September 23 to September 29, 2026.

The Board of Directors has not recommended any dividend for the financial year 2025-26. This decision follows the company's filing under Regulation 42 of the SEBI (LODR) Regulations, 2015.

Key Dates

The notice was issued by Narayan Baheti, Company Secretary and Compliance Officer, on September 4, 2026. Copies were sent to the Bombay Stock Exchange, National Securities Depository Ltd, Central Depository Services (India) Ltd, and the registrar MUFG Intime India Pvt. Ltd.

Asutosh Enterprises reported a ₹27.9 crore net profit for FY26, down 10.8% from the previous year’s ₹31.3 crore, as total income declined slightly to ₹38.6 crore.

The Kolkata-based Core Investment Company (CIC) also announced key board changes at its upcoming 45th Annual General Meeting (AGM), including the appointment of Mrs. Ritu Agarwal as Executive Director and the re-appointment of Mr. V.N. Agarwal as a Non-Executive Director beyond the age of 75 years.

Financial Performance

Total income for the year ended March 31, 2026, stood at ₹38.6 crore, a marginal decline from ₹39.2 crore in FY25. This dip was primarily due to a slight reduction in dividend income, which fell to ₹38.6 crore from ₹38.7 crore in the prior year, while interest income on fixed deposits dropped to nil from ₹4.94 lakh.

Profit before tax contracted by 0.9% to ₹37.8 crore. However, the effective tax burden increased significantly, with tax provisions rising to ₹9.9 crore from ₹6.8 crore in FY25. This included a provision of ₹2.8 crore for earlier years, compared to a credit of ₹2.8 crore in the previous year.

What the Numbers Show

The divergence between stable pre-tax profits and declining net profit highlights a shift in tax efficiency. While operational expenses remained lean at just ₹8.4 lakh, the tax-to-pre-tax-profit ratio widened to approximately 26.1% in FY26, up from 17.9% in FY25. This increase was driven largely by adjustments for earlier years rather than higher current-year tax rates, suggesting a one-off compliance impact rather than a structural change in profitability.

Balance Sheet & Liquidity

The company’s balance sheet saw a significant expansion in current assets, which rose to ₹315.9 crore from ₹50.5 crore in FY25. This surge was largely attributed to an increase in other current assets, specifically other receivables, which jumped to ₹301.5 crore from ₹35.0 crore. Correspondingly, current liabilities increased sharply to ₹247.1 crore from ₹9.6 crore, indicating a parallel rise in payables or accrued obligations.

Cash and cash equivalents declined to ₹8.7 lakh from ₹20.1 lakh, reflecting cash outflows from operating activities of ₹39.8 crore, despite investing activities generating ₹38.6 crore from dividend receipts.

Board Appointments & Governance

The AGM, scheduled for September 29, 2026, will consider the appointment of Mrs. Ritu Agarwal as Executive Director for a three-year term starting August 6, 2026. She will receive a consolidated salary of ₹5 lakh per month, subject to statutory limits based on net profits.

Additionally, shareholders will vote on the re-appointment of Mr. V.N. Agarwal, who retires by rotation. His re-appointment requires member approval under SEBI LODR Regulation 17(1A) as he is over 75 years old. The Board also recommended appointing M/s. Rinku Gupta & Associates as Secretarial Auditor for five years, commencing FY27.