Annual Report for FY 2025-26

ATHARV ENTERPRISES LIMITED 36 Annual Report – 2025-26 1 | Page Sr. No. Contents Page No 1 Corporate Information 4 2 Notice of the Annual General Meeting 5 3 Directors Report 30 4 Secretarial Audit Report 41 5 Management Discussion & Analysis Report 45 6 Report on Corporate Governance 48 7 Compliance Certificate on Corporate Governance 74 8 Certificate Of Non-Disqualification of Directors 75 9 Independent Auditors Report 78 10 Balance Sheet 83 11 Statement of Profit and Loss 85 12 Statement of Cash Flow 87 13 Notes to the Financial Statements 90 2 | Page CHAIRMAN’S MESSAGE Dear Valued Shareholders, It gives me immense pleasure to present, on behalf of the Board of Directors, the 36th Annual Report of Atharv Enterprises Limited for the financial year under review. Our endeavour is to establish Atharv Enterprises Limited as one of the most trusted and leading textile companies in the Indian market, with a steadfast commitment to quality, customer satisfaction, innovation and timely execution. We aspire to become the preferred choice of our customers by consistently delivering high-quality products and creating sustainable value for all our stakeholders. With the growth and opportunities in our sector come significant responsibilities. As a responsible corporate citizen, we recognise that our success must go hand in hand with our responsibility towards our customers, employees, business partners, society and the environment. Our vision extends beyond delivering quality products and services. We strive to provide our customers with a seamless and enriching experience, supported by quality, transparency, reliability and responsible business practices. At the same time, we remain conscious of the wider impact of our operations and continue to focus on environmental sustainability, social responsibility and ethical conduct. We are continuously strengthening our capabilities by adopting modern and efficient technologies, environmentally conscious practices, employee training and development programmes, and responsible business initiatives. Through these efforts, we seek to build a culture of excellence, integrity and sustainable growth. As we move forward, our focus will remain on strengthening our market presence, enhancing operational efficiencies, embracing innovation and creating long-term value for our shareholders and other stakeholders. We are confident that with the continued support and trust of our stakeholders, Atharv Enterprises Limited will continue to grow responsibly and contribute meaningfully to the development of the Indian economy. I would like to express my sincere gratitude to our shareholders, customers, employees, business associates and all other stakeholders for their continued confidence, support and commitment. With warm regards, Chairman Atharv Enterprises Limited 3 | Page CORPORATE INFORMATION BOARD OF DIRECTORS MR. PRAMOD KUMAR GADIYA Managing Director MS. VANDANA GADIYA Executive Director MR. HARISH SHARMA Non-Executive Independent Director -Chairperson MR. JAGDISH CHANDRA GADIYA Non-Executive Non-Independent Director MR. NAVNEET SHARMA Non-Executive Independent Director MR. NIKHIL KUMAR TANK Non-Executive Independent Director REGISTERED OFFICE STATUTORY AUDITORS Building No. D/27, Shop No.1, Yogi Nagar, M/s. Shweta Jain & Co LLP, Chartered Eksar, Borivali, Near Corporation Bank, Accountants, Mumbai, Maharashtra, India, 400091. G-007, Om Sai Enclave, Near Gracious School, Contact No.: 9324543395 Poonam Sagar, Thane 401107 Email ID: atharventerprisesltd@gmail.com Ph:- 9029055198 email: sjandcom@gmail.com BANKERS REGISTRAR & TRANSFER AGENT Axis Bank Ltd. M/s. Adroit Corporate Services Pvt. Ltd United Bank of India 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (East), Mumbai – 400 059. Tel: 022 - 28596060 / 28594060 E-mail id: info@adroitcorporate.com COMPANY SECRETARY & COMPLIANCE CHIEF FINANCIAL OFFICER OFFICER Ms. Aditi Kakhani Ms. Vandana Pramod Gadiya SECRETARIAL AUDITOR INTERNAL AUDITOR M/s. Nidhi Bajaj & Associates M/s. B.B. GAGRANI & Co. Company Secretaries, Mumbai Chartered Accountant, Bhopal OTHER INFORMATION CORPORATE IDENTIFICATION NO. LISTED ON- BSE Limited L66110MH1990PLC391158 WEBSITE- www.athraventerprises.biz/home ISIN- INE354E01031 SCRIP CODE- 530187 4 | Page NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT 36th ANNUAL GENERAL MEETING OF THE MEMBERS OF ATHARV ENTERPRISES LIMITED WILL BE HELD ON TUESDAY, 29TH DAY OF SEPTEMBER, 2026 AT 3:00 P.M. THROUGH VIDEO CONFERENCING (‘VC’) / OTHER AUDIO VISUAL MEANS (‘OVAM’) TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS ITEM NO. 1 – ADOPTION OF AUDITED FINANCIAL STATEMENTS To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon. ITEM NO. 2 – RE-APPOINTMENT OF DIRECTOR RETIRING BY ROTATION To appoint a Director in place of Mrs. Vandana Pramod Gadiya (DIN: 02766684), who retires by rotation and, being eligible, offers herself for re-appointment. ITEM NO. 3 – RE-APPOINTMENT OF STATUTORY AUDITORS To re-appoint M/s. Shweta Jain & Co LLP, Chartered Accountants, as Statutory Auditors of the Company for a first term of five consecutive years, and to fix their remuneration. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 139, 142 read with the Companies (Audit and Auditors) Rules, 2014 and all other applicable provisions of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and on the recommendation of Audit Committee and as approved by the Board of Directors of the Company, M/s. Shweta Jain & Co LLP, Chartered Accountant (FRN: 127673W/W101149) be and are hereby re-appointed as Statutory Auditors of the Company, to hold office for a first term of five (5) consecutive years from the conclusion of the 36th Annual General Meeting (‘AGM”) until the conclusion of 41st AGM, at such remuneration as may be mutually agreed upon between the Board of Directors and the Statutory Auditors. RESOLVED FURTHER THAT the Board of Directors of the Company (including its Committee thereof) be and is hereby authorized to do all acts, deeds, matters and things and take all such steps as may be considered necessary, proper or expedient to give effect to this Resolution.” 5 | Page SPECIAL BUSINESS ITEM NO. 4 - RE-APPOINTMENT OF MR. PRAMOD GADIYA (DIN: 02258245) AS THE MANAGING DIRECTOR OF THE COMPANY FOR THE PERIOD OF 5 YEARS: To consider and if thought fit, to pass with or without modification, the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provision of Sections 152, 160, 196, 197, 198 and 203 read with schedule V and rules made thereunder and all applicable provisions, if any, of the Companies Act 2013 (‘’ the Act”) (Including any Statutory Modification(s) or re-enactment thereof for the time being in force) and read with Schedule V of the Act, as amended from time to time, approval of the Members be and is hereby accorded to the re-appointment of Mr. Pramod Kumar Gadiya (DIN: 02258245) as the Managing Director of the Company, for a period of 5 (five) consecutive years effective from 01st August, 2027 to 31st July, 2032, The period of his office shall be not be liable to retire by rotation, on the terms and conditions and remuneration as follows, with liberty to the Board of Directors (hereinafter referred to as “the Board” which term shall include the Nomination and Remuneration Committee of the Board) to alter and vary the terms and conditions of the said appointment and / or remuneration as it may deem fit.; RESOLVED FURTHER THAT in the event of absence or inadequacy of profits in-the financial year, the Company will pay remuneration by way of Salary including p [Showing first 8,000 characters — download PDF for full document]