Promoter holding
64.27%
SB
Special Blasts Limited - Due diligence report
A 360° intelligence report on Special Blasts Limited: trust score, financial health, credit view, compliance, directors, growth and distress…
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Special Blasts Limited — 360° Intelligence Report
Generated from MCA filings & public records73/100
Trust Score
Moderate
Special Blasts Limited is assessed as Moderate with a Trust Score of 73/100. Special Blasts Limited is an active public limited indian non-government company incorporated in 1988, operating in the Chemicals sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.
Report generated on 27 Jul 2026 from the latest processed filings. Special Blasts Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
76/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 55/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (BBB).
Charges position: 27 open (304.24 cr) · 32 satisfied (221.06 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 5 | 48.0 cr |
| Idbi Bank | 1 | 48.0 cr |
| Others | 41 | 48.0 cr |
| Idbi Bank Limited | 2 | 48.0 cr |
| Axis Bank Limited | 5 | 48.0 cr |
| Canara Bank | 3 | 48.0 cr |
Compliance Score: 76/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 2 auditor resignation(s) filed - latest: CA SATISH AGARWALLA on 2024-03-29.
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SATYAWATI PARASHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ajay Kumar Dev | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AVDHESH KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ATUL GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMAN SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY CHOUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VAIBHAV VIVEK MOHDIWALE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MITIN CHANDANMAL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHENDRA KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2024 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
2
Capital events
3 allotment(s) · 5 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Khanij Corporation Private Limited | Subsidiary Company | 74.00% |
| Radha Realties Private Limited | Associate Company | 74.00% |
Key managerial personnel: AJAY CHOUDHARI (Managing Director) · MAHENDRA KUMAR JAIN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 37+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 2.1x in a year.
3 director exits within 2 years.
27 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence69/100
Review suggested
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 27 open charge(s) of 304.24 cr already registered.
- Compliance record supports lending.
Investor view69/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 Nov 2025
Charge satisfied
Others
11 Nov 2025
Charge satisfied
Axis Bank Limited
10 Sep 2025
Charge created
Others - 80.00 Lakh
21 Aug 2025
Charge satisfied
Others
20 Aug 2025
Charge satisfied
Others
20 May 2025
Charge satisfied
Others
01 May 2025
Charge created
Others - 1.23 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Jan 2025
Charge created
Others - 1.25 cr
31 Dec 2024
Last AGM held
Annual general meeting
30 Dec 2024
Director ceased
Ajay Kumar Dev
Director ceased
AMAN SINHA
30 Oct 2024
Charge created
Others - 70.00 Lakh
28 Oct 2024
Director appointed
Ajay Kumar Dev (Director)
29 Sep 2024
Director ceased
SUDHIR SINGH MOURYA
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Avt Natural Products | L15142TN1986PLC012780 | Chennai, Tamil Nadu, India |
| Nitta Gelatin India Limited | L24299KL1975PLC002691 | Ernakulam, Kerala, India |
| Fairchem | L24200GJ2019PLC129759 | Ahmedabad, Gujarat, India |
| Ivp | L74999MH1929PLC001503 | Mumbai, Maharashtra, India |
| Sicagen India | L74900TN2004PLC053467 | Chennai, Tamil Nadu, India |
| Sbl | L51900MH1985PLC035738 | Mumbai, Maharashtra, India |
| Benzo Chem Industries | U24100MH1986PTC041751 | Mumbai, Maharashtra, India |
| Hindustan Organic Chemicals | L99999KL1960GOI082753 | Kunnathunad, Kerala, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Special Blasts Limited before audits and certifications: compliance score 76/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Special Blasts Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Special Blasts Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Special Blasts Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Special Blasts Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Special Blasts Limited an active company?
Special Blasts Limited has MCA status “Active” with a compliance score of 76/100 (Low Risk).
Is Special Blasts Limited financially healthy?
Special Blasts Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Special Blasts Limited?
Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Special Blasts Limited?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Special Blasts Limited have loans or charges against its assets?
27 open charge(s) are registered against its assets, and 32 earlier charge(s) stand satisfied.
Is Special Blasts Limited up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 76/100 (Low Risk).
Is it risky to lend to Special Blasts Limited?
Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
