Shivkamal Impex Limited re-appointed Heena Jain as an Independent Director for a second term of five consecutive years. The appointment is effective from February 12, 2027, to February 11, 2032, following approval at the company's 41st Annual General Meeting (AGM).

The AGM was held on September 26, 2026, in New Delhi. The meeting focused on the adoption of audited financial statements for FY26 and key governance decisions regarding board composition. The Statutory Audit Report and Secretarial Audit Report for the year ended March 31, 2026, contained no qualifications or adverse remarks.

Key resolutions passed

Members voted on three primary items of business, covering both ordinary and special matters. The resolutions included the adoption of financial statements and two director-related appointments.

Anu Jain retired by rotation and was re-appointed following her eligibility confirmation. Separately, members approved the re-appointment of Heena Jain as an Independent Director. She shall not be liable to retire by rotation during this term.

Profile of Independent Director

Heena Jain holds a Company Secretary qualification and an LLB degree. She is an Associate member of the Institute of Company Secretaries of India and a law graduate. Her profile highlights more than 7 years of working experience with expertise in corporate law, legal, and statutory compliances. The company confirmed she is not debarred from holding the office of Independent Director by any SEBI order or authority.

Meeting proceedings and voting

The AGM commenced at 10:00 am and concluded at 10:30 am. Manu Jain, Director of the company, chaired the session. To ensure broad shareholder participation, the company provided a remote e-voting facility from September 23 to September 25, 2026. Members present who had not cast votes electronically were allowed to vote via ballot papers during the meeting.

K. O. Siddiqui of M/s. Siddiqui & Associates served as the scrutinizer for the voting process. The final voting results are expected to be declared upon receipt of the scrutinizer’s report and will be communicated to stock exchanges and published on the company website in accordance with SEBI regulations.

Shivkamal Impex reported a decline in net profit for the financial year ended March 31, 2026, driven by rising impairment charges despite growth in interest income. The company’s net profit fell 9.97% year-on-year to ₹24.87 lakh, down from ₹27.62 lakh in the previous fiscal.

Total revenue from operations increased by 4.33% to ₹53.42 lakh, up from ₹51.20 lakh in FY25. Interest income, the primary revenue driver, rose to ₹53.42 lakh from ₹51.20 lakh, reflecting stable lending and deposit activities. However, operating expenses expanded significantly, with total costs rising to ₹19.74 lakh from ₹14.28 lakh.

Financial Performance Highlights

Impairment of financial instruments surged to ₹4.07 lakh from ₹2.53 lakh, marking a 61.1% increase. This rise in credit losses offset the gains from higher interest income. Other expenses also climbed to ₹11.31 lakh from ₹8.02 lakh, primarily due to increased rent, legal fees, and director remuneration.

What the Numbers Show

The divergence between revenue growth and profit contraction highlights intensifying credit risk management challenges. While interest income grew modestly, the sharp rise in impairment charges—more than doubling the previous year’s provision—eroded the bottom line. Additionally, the current ratio dropped significantly to 471.34 from 1,368.44, indicating an increase in current liabilities relative to assets, though the company remains debt-free with no external borrowings.

Balance Sheet and Cash Flow

As of March 31, 2026, total assets stood at ₹7.30 crore, up from ₹7.05 crore. Loans receivable grew to ₹3.53 crore from ₹2.89 crore, representing a 22.3% expansion in the lending book. Cash and cash equivalents declined sharply to ₹0.09 lakh from ₹4.43 lakh, as reflected in the cash flow statement where operating activities consumed ₹41.53 lakh.

Corporate Governance and AGM Details

The board did not recommend any dividend for FY26, opting to preserve capital for future operations. The company announced its 41st Annual General Meeting scheduled for September 26, 2026, at its registered office in New Delhi. Key agenda items include:

• Adoption of the audited financial statements for the year ended March 31, 2026.
• Re-appointment of Ms. Anu Jain as a director retiring by rotation.
• Re-appointment of Ms. Heena Jain as an Independent Director for a five-year term commencing February 12, 2027.

The register of members will remain closed from September 20, 2026, to September 26, 2026. Remote e-voting will be available from September 23, 2026, at 9:00 am to September 25, 2026, at 5:00 pm for shareholders holding shares as on the cut-off date of September 19, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE429R01017/7625ac7b-d89b-426f-9673-6893d8c93aff.pdf