Zodiac Ventures has scheduled its 45th Annual General Meeting (AGM) for September 28, 2026, to address the proposed sale of its entire stake in an associate company. The meeting will also seek shareholder approval for borrowing powers up to ₹200 crore.

The Board approved the schedule during a meeting on September 1, 2026, in Mumbai. The company will hold the meeting via video conference or other audio-visual means, complying with Ministry of Corporate Affairs (MCA) and SEBI circulars.

Financial Performance for FY26

The company reported significant growth in its financial results for the year ended March 31, 2026. Standalone net profit after tax rose 48% to ₹142.48 lakh from ₹96.13 lakh in the previous year. Consolidated net profit attributable to equity holders increased 131% to ₹154.42 lakh from ₹101.29 lakh.

Revenue from operations more than doubled, reaching ₹343.15 lakh on a standalone basis compared to ₹160.26 lakh in FY25. Other income surged to ₹138.15 lakh from ₹3.97 lakh, primarily driven by interest received on loans given.

Key Agenda Items

The AGM notice outlines several ordinary and special business items requiring shareholder approval:

• Sale of Associate Stake: The Board seeks approval to sell its 100% stake in Mumbai Mega Development Private Limited (MMDPL). The investment comprises 2,500 equity shares of face value ₹10 each, totaling ₹25,000. The buyer is Mr. Ajay Bansal, with consideration determined by an independent registered valuer.
• Borrowing Powers: Shareholders are asked to approve borrowing limits up to ₹200 crore under Section 180 of the Companies Act, 2013. This aims to support business operations and general corporate purposes.
• Loans and Guarantees: Approval is sought under Section 186 to grant loans, give guarantees, or acquire securities up to ₹100 crore.
• Related Party Transactions: Omnibus approval is requested for transactions with associate companies Zodiac Developers Private Limited (up to ₹10 crore) and Zodiac Capital Private Limited (up to ₹5 crore) for architectural services over 12 months.
• Director Reappointment: Mr. Ramesh Shah retires by rotation and offers himself for reappointment as a Director.

AGM and Voting Schedule

The Annual General Meeting is scheduled for Monday, September 28, 2026, at 2:00 pm. To facilitate the event, the Register of Members and Share Transfer Books will remain closed from Saturday, September 21, 2026, through Sunday, September 28, 2026, both days inclusive.

Shareholders can cast their votes electronically via the NSDL E-Voting Platform. The voting window and cut-off dates are detailed below:

Scrutinizer Appointment

The Board appointed Divyesh N Vanpariya, Proprietor of DNV & Associates, as the Company Secretary and Scrutinizer for the e-voting process. He will scrutinize both physical and remote e-voting for the Financial Year ended 2025-2026 to ensure fairness and transparency.

Ramesh Virji Shah, Whole-time Director, signed the disclosure filed with BSE Limited.

Zodiac Ventures reported a significant expansion in its top line for the first quarter of FY27, driven by a substantial increase in operational income. The company’s standalone revenue from operations rose 75% year-on-year to ₹111.36 lakh in the quarter ended June 30, 2026, compared to ₹63.67 lakh in the corresponding period of FY26.

Despite the robust revenue growth, the bottom line contracted sharply. Net profit after tax fell to ₹13.88 lakh from ₹29.03 lakh recorded in Q1FY26. This divergence between top-line growth and bottom-line contraction suggests increased cost pressures or lower margins during the period, as operating expenses likely outpaced the revenue gains.

The Board of Directors approved the unaudited financial results at a meeting held on August 14, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors.

Financial Highlights

What the Numbers Show

The most striking feature of the quarter is the disconnect between revenue generation and profitability. While Zodiac Ventures nearly doubled its operational income compared to the previous year, its net profit before tax declined by more than half. This indicates that the additional revenue did not translate into proportional earnings, pointing towards either higher input costs, increased operational expenditures, or a shift in the product mix towards lower-margin offerings during Q1FY27.

Earnings per share (EPS) reflected this trend, dropping to ₹0.02 from ₹0.08 in the same quarter last year. The paid-up equity share capital remained unchanged at ₹826.98 lakh, indicating no new equity issuance or buyback activity during the period.