R J Shah & Company has scheduled its 58th Annual General Meeting for Tuesday, September 22, 2026. The event will be conducted through Video Conference or Other Audio-Visual Means to comply with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.

The company published the notice of the meeting in newspapers including Free Press Journal and Navshakti on September 3, 2026. This disclosure was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The AGM is scheduled to begin at 3:00 pm. Members will be able to participate remotely as per the applicable regulatory framework for virtual meetings. The notice outlines the business to be transacted during the session.

Corporate Governance

Kalindi Rajendra Shah, Chairperson and Managing Director, signed the communication addressed to BSE Limited. The firm requested the exchange to record the newspaper clippings of the AGM notice on file.

The company’s registered office is located near Wadala Container Yard, Mahul Road, Antop Hill, Mumbai.

RJ Shah & Company reported a 58% year-on-year decline in net profit to ₹240.73 lakh for the financial year ended March 31, 2026, driven by a near-total collapse in core operating revenue.

The Mumbai-based engineering and construction firm declared a final dividend of ₹2.50 per equity share, maintaining its payout despite the sharp contraction in business activity.

Financial Performance

Revenue from operations plummeted 97% to ₹27.10 lakh from ₹1,046.02 lakh in FY25. This drastic drop reflects the company's disclosure that it has not carried on any significant activity for the last few years and does not foresee continuing the same in the future.

Despite the operational downturn, total income stood at ₹256.94 lakh, supported by a 28% rise in other income to ₹229.83 lakh from ₹179.03 lakh in the previous year. Other income is primarily derived from interest on fixed deposits and bonds.

Profit before tax fell to ₹323.65 lakh from ₹770.86 lakh. Tax expenses were recorded at ₹82.92 lakh, down from ₹195.43 lakh in FY25.

What the Numbers Show

The financial results reveal a fundamental shift in the company's earnings profile. While operating revenue effectively ceased, other income constituted approximately 89% of total income in FY26, compared to 15% in FY25. This divergence indicates that the company's current profitability is sustained almost entirely by investment returns rather than its core engineering and construction business.

Balance Sheet and Cash Flow

Total assets increased marginally to ₹4,590.52 lakh from ₹4,475.67 lakh. Non-current assets rose significantly to ₹4,105.72 lakh, driven by an increase in other financial assets—primarily bank deposits with maturity over 12 months—to ₹3,947.09 lakh from ₹3,187.61 lakh.

Cash and cash equivalents grew to ₹55.66 lakh from ₹14.18 lakh. However, net cash generated from operating activities was negative at ₹(133.82 lakh), reflecting the lack of core business cash inflows. Investing activities provided positive cash flow of ₹195.59 lakh, largely due to interest received.

Corporate Governance and Dividend

The Board of Directors recommended a dividend of ₹2.50 per equity share of face value ₹10 each. The dividend outgo is estimated at approximately ₹7.00 lakh. Shareholders on record as of September 11, 2026, will be eligible for the payout.

Mr. Sunil Masand retires by rotation at the upcoming Annual General Meeting on September 22, 2026, and offers himself for re-appointment. The meeting will be held via video conferencing.

The company continues to face several arbitration matters regarding past projects, including the Wan Hydro Electric Project and MRVC Tunnel No. 1, which are listed as contingent assets.