**(Formerly The Swastik Safe Deposit and Investments Limited)** E & E Enterprises Limited is currently executing a fundamental strategic pivot, transitioning from a regulated financial services entity into a diversified commercial enterprise. Following a breach of regulatory income thresholds, the company has exited the financial sector to focus on high-growth opportunities in hospitality, real estate development, and commercial trading. --- ### Regulatory Transformation and License Surrender The company’s transition was precipitated by its inability to meet the **Principal Business Criteria (PBC)**—the "50/50 test"—which requires that financial assets constitute more than **50%** of total assets and income from financial assets constitutes more than **50%** of gross income. * **NBFC Exit:** The company voluntarily surrendered its **Certificate of Registration (CoR)** as a Non-Banking Financial Company (**NBFC**) to the **Reserve Bank of India (RBI)**. * **RBI Cancellation Order:** Formally issued on **July 24, 2025** (CoR No. 13.00535, originally issued March 1998). * **Cessation of NBFI Activities:** All non-banking financial investment activities officially ceased as of **August 08, 2024**. * **Post-Exit Compliance:** The company is mandated to submit audited financials for the next **two fiscal years** to the RBI to ensure adherence to exit terms and confirm no further financial business is conducted. ### Rebranding and Corporate Identity To reflect its new operational mandate, the company has undergone a comprehensive rebranding and structural overhaul. | Milestone | Detail | | :--- | :--- | | **New Corporate Name** | **E & E Enterprises Limited** | | **Name Change Effective Date** | **October 16, 2025** | | **MCA Name Approval** | Received **August 19, 2025** | | **Accounting Standard** | Transitioned to **Division II of Schedule III** (Companies Act, 2013) | | **Reporting Segments** | Consolidated into a **single operating segment** | ### New Strategic Business Verticals The company has amended its **Memorandum of Association (MOA)** to delete financial business clauses and establish a new primary focus on the following sectors: * **Hospitality Operations:** Acquiring, building, managing, and leasing **hotels, restaurants, cafes, and rest houses**. * **Real Estate Development:** Purchasing, selling, and dealing in **movable and immovable properties** for investment, development, or resale. * **Asset Management:** Hiring and letting on hire various property types to generate recurring revenue. * **Commercial Trading:** Engaging in diverse trading activities and non-financial investments. * **Proposed Stockbroking:** The company has expressed intent to register as a **stockbroker** to maintain a presence in capital market services without the NBFC designation. ### Financial Performance and Capital Structure Despite the transition, the company maintains a conservative financial profile characterized by high liquidity and zero leverage. **Financial Summary (Values in Rs. Lakhs)** | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Total Income** | *Transition Year* | **94.47** | **78.24** | | **Profit After Tax (PAT)** | *Transition Year* | **121.75** | **45.22** | | **Total Equity** | **64,303.38** | **64,293.97** | - | | **Total Debt** | **Nil** | **Nil** | **Nil** | | **Dividend Per Share** | **Rs. 1.00** | **Rs. 1.00** | **Rs. 1.00** | * **Debt Profile:** The company carries **zero debt securities** and **zero deposits**. Funding for new ventures is currently met through internal accruals and equity. * **Dividend Policy:** The Board has consistently recommended a **10% dividend** (**Re. 1 per equity share** on a face value of **Rs. 10**) for the last three fiscal years. * **Going Concern Status:** Auditors have confirmed the company’s ability to meet liabilities falling due within **one year** of the March 31, 2025 balance sheet, though they note this is not a guarantee of long-term future viability during the transition. ### Ownership and Governance Evolution The company is undergoing a significant shift in its shareholding structure and leadership to align with its new commercial objectives. * **Promoter Dilution:** The current promoter, **Piramal Corporate Services Private Limited (PCSPL)**, which holds **74.39%** (1,78,535 shares), expressed intent in March 2024 to dilute its entire stake. * **Promoter Reclassification:** In late 2023, the company initiated the reclassification of **Kosamba Glass Deco**, **Asna Deco Glass**, and **The Address Makers Developers** from the 'Promoter Group' to the 'Public' category. * **New Leadership:** * **Mr. Amol Patade:** Appointed as Manager and Key Managerial Personnel (KMP) effective **December 01, 2024**. * **Mrs. Abhilasha Misra:** Appointed as Independent Director effective **September 27, 2023**. * **Strategic Oversight:** A specialized **Committee of Directors (Corporate Strategy)** was established in **August 2025** to steer the new business model. ### Legacy Risk Management and Asset Quality While the company is exiting the lending business, it maintains a rigorous framework for managing its remaining financial assets and transition risks. * **Risk Grading:** Utilizes a **five-tier Risk Grading** system (Grade I to Grade V) and a scorecard-based **Expected Credit Loss (ECL)** model. * **Asset Classification:** * **Stage 1 (Standard):** 12-month ECL recognition. * **Stage 2 (Under-performing):** Significant increase in credit risk. * **Stage 3 (Non-performing):** Assets with overdues exceeding **90 days**. * **Liquidity Management:** The **Asset Liability Committee (ALCO)** monitors maturity profiles and maintains **unutilised banking facilities** to mitigate liquidity risk. * **Operational Safeguards:** **100% document verification** and internal audit systems report directly to the **Audit and Risk Management Committee** to prevent fraud.