Ajwa Fun World & Resort Ltd

Dematerialisation status

• Securities received for dematerialisation were confirmed to depositories as accepted/rejected by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated, cancelled, and the depository name substituted as registered owner within 15 days.

Ajwa Fun World & Resort Limited – Trading window closure from Sep 26, 2026 till 48 hours after declaration of financial results for the quarter ended Sep 30, 2026

Financial highlights

• Standalone revenue from operations (net): 6167 Lakhs for year ended 31 Mar 2026.
• Net profit after tax: 4924.36 Lakhs for year ended 31 Mar 2026.
• Auditors gave an unmodified opinion on the standalone results.
• Ind-AS restatement completed; operating segment not disclosed due to single Entertainment & Accommodation segment.
• Internal Auditor re-appointed for FY 2026-27: Akash Shah & Associates.

Balance sheet snapshot

• Total assets: 5389.05 Lakhs.
• Total equity: 4736.57 Lakhs.
• Total liabilities: 652.48 Lakhs.

AGM Details

• 34th AGM held Aug 29, 2026 at 3:00 PM IST via VC/OAVM; concluded 3:14 PM.
• Record date for voting: Aug 22, 2026.
• Remote e-voting window: Aug 26–28, 2026.
• Scrutinizer: Vivek N. Vasani; report submitted post-AGM.

Resolutions & Voting

• Resolution 1 (Ordinary): Adopt audited financial statements for FY2025-26.
• Resolution 2 (Ordinary): Re-appointment of Dipak Nagarwala (retiring by rotation).
• Resolution 3 (Special): Regularisation of Additional Director Santukumar Lalani as Independent Director.
• Resolution 4 (Ordinary): Continuation of SPV & Co LLP as Statutory Auditors.
• All resolutions passed with requisite majority (100% in favour).

Directors & Auditors

• Independent Director Santukumar Lalani appointed; five-year term.
• Statutory Auditor SPV & Co LLP continues as auditor.

AGM details

• 34th AGM held on Saturday, 29 August 2026 at 03:00 PM IST.
• Meeting conducted via Video Conferencing / Other Audio Visual Means (VC/OAVM).
• Chairman of the meeting: Mr. Rajeshkumar Chunilal Jain.
• Company Secretary and Compliance Officer: Ms. Kosha Anilbhai Shah.

Unaudited results summary

• Board approved unaudited standalone results for quarter ended 30 June 2026; limited review report attached.
• Results prepared in IND AS; SPVP & Co LLP conducted the independent review.
• Total income for the quarter: ₹15.98 lakhs; employee benefits expense: ₹459 lakhs.
• Notes indicate an increase in profit margin versus the previous quarter.

Financial snapshot

• Revenue from operations: 0.00 Lacs in 2025-26 vs 270.24 Lacs in 2024-25.
• Other income: 61.67 Lacs; Total income: 61.67 Lacs vs 309.99 Lacs prior year.
• Net profit after tax: 4924.39 Lacs; EPS: 77.06 Rs.
• Exceptional item: 5431.41 Lacs driving large earnings.
• Dividend: no dividend declared for the year.

Scale and liquidity

• Authorized share capital: ₹2,500 Lakh; Issued/paid-up: ₹639 Lakh.
• Reserves and surplus: ₹4,097.57 Lakh; Total equity: ₹4,736.57 Lakh.
• Total assets: ₹5,389.06 Lakh; Net cash from operations:₹-1,970.59 Lakh.
• Investing inflows: ₹1,987.27 Lakh; Financing outflows: ₹-7.08 Lakh.
• Closing cash: ₹18.03 Lakh; debt-equity ratio: 0.14.

Business shift and asset actions

• Entertainment park business discontinued; diversification into other activities.
• Rayantal Wadi property sale completed; proceeds to repay borrowings and diversify.
• Dematerialization: 55.91% of shares in demat form.

Governance and board

• Board comprises seven directors; eight board meetings and five Audit Committee meetings.
• Arvind Manubhai Vakil (Independent) ceased on 21 Sep 2025; Santukumar Pranlal Lalani appointed 12 Jan 2026.
• Statutory auditor converted to LLP: SPVP & Co LLP; reappointment to 37th AGM.
• Secretarial auditor: V. N. Vasani & Associates; no qualifications reported.

Regulatory and compliance matters

• Secretarial audit flagged SOP non-submissions and late submissions; total outstanding fines ₹1,15,29,600.
• Litigation: notice from BSE for non-compliance; company filed appeal.
• GEB dispute: ₹1.65 Lakh deposited; no long-term commitments disclosed.

Related parties and disclosures

• Related party transactions are at arm's length; not material per Act/SEBI LODR.
• RPT policy adopted; disclosures in Form AOC-2 included.
• Loans/advances to related parties: unsecured ₹2.19–₹2.19 crore to LLPs and entities.

Outlook and risks

• Management targets selective facility upgrades; higher non-peak occupancy.
• Focus on liquidity improvement and faster debt collection; leveraging debt-free advantages.
• Risks: seasonality, weather, energy costs; regulatory and competitive pressures.

Dematerialisation processing and certificate handling

• Securities received for dematerialisation were confirmed to depositories.
• Dematerialised securities listed on exchanges where earlier issues are listed.
• Certificates mutilated and cancelled after due verification; depository name updated as registered owner within 15 days.