HCKK Ventures has fixed September 5, 2026 as the record date to determine voting rights for its 43rd Annual General Meeting. The meeting is scheduled for September 12, 2026.

The company will seek shareholder approval for the appointment of Ravikant Ramesh Saawal as Managing Director and Chief Executive Officer. The Board recommends Mr. Saawal for a three-year term effective from April 6, 2026, ending April 5, 2029. His remuneration is set at ₹20,000 per month.

Leadership Appointment Details

Mr. Saawal brings over 44 years of experience in manufacturing, packaging, marketing, international trade, and the exhibition industry. He holds a Bachelor of Commerce degree. The Board cites his expertise as beneficial for driving sustainable growth and robust governance standards.

The company disclosed that it has no profits or inadequate profits for determining managerial remuneration. Consequently, the proposed salary is subject to the limits prescribed under Schedule V of the Companies Act, 2013. No other pecuniary relationships with the company were disclosed for Mr. Saawal.

Auditor Re-appointment

Shareholders will also vote on the re-appointment of M/S. D.R. Mehta & Associates, Chartered Accountants, as Statutory Auditors. The firm was originally appointed in FY22 and holds office until the conclusion of this AGM. The new term will span five years, covering financial years 2026-27 through 2030-31.

Meeting Logistics

The AGM will be held at the company’s registered office in Nashik at 2:00 pm on September 12, 2026. The Register of Members and share transfer books will remain closed from September 6, 2026 to September 12, 2026 (both days inclusive).

Remote e-voting facilities are available via Central Depository Services (India) Limited from September 9, 2026, at 9:00 am to September 11, 2026, at 5:00 pm (both days inclusive). The cut-off date for voting rights is September 5, 2026.

HCKK Ventures reported a net loss of ₹98.16 lakh for the financial year ended March 31, 2026, reversing a profit of ₹22.03 lakh in the previous year. The deterioration was driven by a sharp decline in operating revenue and a significant one-time write-off linked to the withdrawal of a proposed merger.

Total income fell 48% year-on-year to ₹35.72 lakh, down from ₹68.87 lakh in FY25. Revenue from operations, which constitutes the core business activity, dropped 68% to ₹15.05 lakh from ₹46.88 lakh. This contraction in top-line performance was exacerbated by a surge in other expenses, which rose fivefold to ₹131.62 lakh from ₹25.94 lakh in the prior year.

What the Numbers Show

The profit and loss statement reveals a structural divergence between operational earnings and non-operational income. While revenue from operations collapsed, other income—primarily interest income of ₹20.67 lakh—remained relatively stable at ₹20.67 lakh compared to ₹21.99 lakh in FY25. Consequently, interest income now exceeds operating revenue, accounting for approximately 58% of total income. This shift highlights a temporary reliance on investment returns rather than core technology consultancy services during the period.

Merger Withdrawal and Cost Implications

A material driver of the fiscal loss was the withdrawal of a proposed scheme of arrangement involving Softlink Global Private Limited and Ivolve Holdings Private Limited. The company wrote off ₹69.88 lakh during the year related to this transaction. The write-off comprised stamp duty of ₹9.00 lakh, controller fees of ₹37.19 lakh, and advances of ₹23.69 lakh. These costs were charged directly to the statement of profit and loss, significantly impacting the bottom line.

Additionally, the company recognized an Expected Credit Loss (ECL) provision of ₹34.99 lakh against trade receivables, whereas no such provision was made in the previous year. Trade receivables stood at nil as of March 31, 2026, after being fully provisioned, compared to ₹17.23 lakh in the prior year.

Balance Sheet and Cash Position

Despite the operating loss, HCKK Ventures maintains a strong liquidity position. Total assets decreased to ₹348.25 lakh from ₹450.20 lakh in FY25. The company holds cash and cash equivalents of ₹13.98 lakh and bank fixed deposits totaling ₹318.94 lakh.

The balance sheet is debt-free. Borrowings, which stood at ₹4.65 lakh in FY25, were fully repaid during the year. Net worth declined to ₹340.59 lakh (equity share capital of ₹371.00 lakh less reserves deficit of ₹30.41 lakh) from ₹438.75 lakh in the previous year, reflecting the accumulated losses for the period.

Corporate Developments

Mr. Ravikant Saawal was appointed as Managing Director and Chief Executive Officer with effect from April 6, 2026, succeeding Mr. Apurv Bhargava who resigned in March 2026. The Board also recommended the reappointment of M/s D.R. Mehta & Associates as statutory auditors for a five-year term commencing from the conclusion of the 43rd Annual General Meeting.