17th Annual Report

Date: 03.09.2026 Department of Corporate Services Listing Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street Mumbai—400001 BSE Script Code: - 538817 Sub: Submission of Notice of 17th Annual General Meeting along with annual report for the year 2025-26 under Regulation 30 and 34(1) of the SEBI [Listing Obligations and Disclosure Requirements] Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we send herewith the notice of the 17th Annual General Meeting of the company along with the e-voting instructions, instructions for members for e-VOTING on the day of the AGM and instructions for members for attending the AGM through VC/OAVM to be held on Wednesday, 30th September, 2026 and as per regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a copy of the annual report will also be sent to the shareholders along with the notice of the annual general meeting. The aforesaid notice and annual report are also available on the website of the company at www.captainpipes.com. This is for your records and information. Thanking you, Yours truly, FOR CAPTAIN PIPES LIMITED, GOPAL KHICHADIA Managing Director DIN: 00127947 AGRICULTURE PLUMBING DRAINAGE ANNUAL REPORT 2025-26 Table of Contents CORPORATE OVERVIEW Corporate Informaon 1 GOVERNANCE Noce 2 Directors' Report 11 Secretarial Audit Report 21 MANAGEMENT REVIEW Management Discussion Analysis Corporate Governance Report 28 FINANCIAL STATEMENTS Standalone Financial Statements 53 Consolidated Financial Statements 114 Corporate Informaon BOARD OF DIRECTORS REGISTERED OFFFICE MR. GOPAL D. KHICHADIA Survey No-257, Plot No. 23 To 28, N. H. No. 8-B, Shapar - Veraval, Dist. Rajkot – 360002. (Gujarat) Managing Director Email: account@captainpipes.com Website: www.captainpipes.com MR. KANTILAL M. GEDIA Whole Time Director PLANT 1. Survey No-257, Plot No. 23 To 28, N. H. No. 8-B, MR. RAMESHBHAI D. KHICHADIA Shapar - Veraval, Dist. Rajkot – 360002 (Gujarat) Non-Execuve Director 2. Revenue Survey No. 1187 & 1204 & 1214 & 1227 & 1240 & 1254, Shital Varsha Road , Naonal Highway No 8A , Village: Bhamsara , Taluka : Bavla, District: MR. JAYDEEP K. PANSURIYA Ahmedabad-382240 Chief Financial Officer BOOK CLOSURE MRS. DARSHANA H. PATEL Date: 24th September, 2026 to 30th September,2026 Independent Director (both days inclusive) REGISTRARS AND TRANSFER AGENTS MR. VINODBHAI N. HIRPARA Big share Services Pvt Ltd E/2-3, Independent Director Ansa Industrial Estate Saki Vihar Road, Sakinaka Andheri (East) Mumbai – 400072 MR. VIJAYBHAI P. TANK Phone: 022 - 4043 0200, Fax: 022 - 2847 5207 Independent Director Email: jibu@bigshareonline.com AUDIT COMMITTEE COMPANY SECRETARY & COMPLIANCE OFFICER MR. VINODBHAI N. HIRPARA - CHAIRMAN MS. HIRAL S. GUDHKA MR. RAMESH D. KHICHADIA - MEMBER MRS. DARSHNABEN H. PATEL – MEMBER AUDITORS NOMINATION & REMUNERATION COMMITTEE J C RANPURA & CO CHARTERED ACCOUNTANTS MR. VIJAYBHAI P. TANK - CHAIRMAN Star Avenue, First Floor, Dr. Radhakrishna Road MRS. DARSHNABEN H. PATEL - MEMBER Opp. Rajkumar College MR. VINODBHAI N. HIRPARA - MEMBER RAJKOT - 360001 STAKEHOLDER RELATIONSHIP COMMITTEE (Gujarat - India) Tel. + 91 281 2480035 to 37 E-mail: mjranpura@jcranpura.com MR. VINODBHAI N. HIRPARA - CHAIRMAN MRS. DARSHNABEN H. PATEL - MEMBER MR. GOPAL D. KHICHADIA- MEMBER PRINCIPAL BANKER CSR COMMITTEE HDFC BANK LTD. ICICI BANK LTD MR. VINODBHAI N. HIRPARA - CHAIRMAN MR. VIJAYBHAI P. TANK - MEMBER Survey No. 205, Kalavad Road, Rajkot. MR. GOPALBHAI D. KHICHADIA- MEMBER Veraval Main Road, Shapar –360 025 Gujarat 17 ANNUAL GENERAL MEETING Date: 30 SEPTEMBER,2026 VC/OAVM Time: 11:00 A.M. CAPTAIN PIPES LTD. ANNUAL REPORT 2025-26 NOTICE NOTICE IS HEREBY GIVEN THAT 17TH ANNUAL GENERAL MEETING OF THE MEMBERS OF THE COMPANY WILL BE HELD ON WEDNESDAY SEPTEMBER 30, 2026 THROUGH VIDEO CONFERENCING / OTHER AUDIO-VISUAL MEANS AT 11:00 A.M. TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS: 1. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON. “RESOLVED THAT the audited standalone & consolidated financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon laid before this meeng, be and are hereby considered and adopted.” 2. TO APPOINT A DIRECTOR IN PLACE OF MR. GOPAL D. KHICHADIA (DIN: 00127947), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE- APPOINTMENT. “RESOLVED THAT Mr. Gopal D. Khichadia (DIN: 00127947), director of the company, who reres by rotaon be and is hereby re-appointed as director of the company liable to rere by rotaon” By order of the board, For CAPTAIN PIPES LIMITED, Sd/- MR. GOPAL D. KHICHADIA MANAGING DIRECTOR DIN:00127947 Date: 01.09.2026 Place: Rajkot ANNUAL REPORT 2025-26 NOTES: 1. The Ministry of Corporate Affairs (“MCA”) has, vide its General Circular dated September 22, 2025 read together with circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023 and September 19, 2024 (collecvely referred to as “MCA Circulars”), permied convening the Annual General Meeng (“AGM” / “Meeng”) through Video Conferencing (“VC”) or Other Audio- Visual Means (“OAVM”), without physical presence of the members at a common venue. In accordance with the MCA Circulars and applicable provisions of the Companies Act, 2013 (“Act”) read with Rules made thereunder and the Securies and Exchange Board of India (Lisng Obligaons and Disclosure Requirements) Regulaons, 2015 (“Lisng Regulaons”), the AGM of the Company is being held through VC / OAVM. The deemed venue for the AGM shall be the registered office of the Company. 2. Pursuant to the CircularNo. 14/2020 dated April08, 2020, issued by theMinistry of Corporate Affairs, the facility to appoint proxy to aend and cast vote for the members is not available for this AGM. However, the Body Corporates are entled to appoint authorised representavesto aend theAGM through VC/OAVM and parcipate there at and cast their votes through e-vong. 3. The Members can join the AGM in the VC/OAVM mode 15 minutes before and aer the scheduled me of the commencement of the Meeng by following the procedure menoned in the Noce. The facility of parcipaon at the AGM through VC/OAVM will be made available for 1000 members on first come firstserved basis. This will nonclude large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Instuonal Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Commiee, Nominaon and Remuneraon Commiee and Stakeholders Relaonship Commiee, Auditors etc. who are allowed to aend the AGM without restricon on account of first come first served basis. 4. The aendance of the Members aending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Secon 103 of the Companies Act, 2013. 5. Pursuant to the provisions of Secon 108 of the Companies Act, 2013 read with Rule 20 of the Companies(Management and Administraon) Rules, 2014 (as amended) the Secretarial Standard on General Meengs (SS-2) issued by the ICSI and Regulaon 44 of SEBI (Lisng Obligaons & Disclosure Requirements) Regulaons 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs from me to me the Company is providing facility of remote e-Vong to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with Naonal Securies Depository Limited (NSDL) for facilitang vong through electronic means, as the authorized agency. The facility of casng votes by a member using remote eVong system as well as e-Vong on the date of t [Showing first 8,000 characters — download PDF for full document]