Key Quantitative Figures

  • Revenue from operations and other income: ₹104.95 crore (FY26) vs ₹94.75 crore (FY25)
  • EBITDA: ₹4.82 crore (FY26) vs ₹2.04 crore (FY25)
  • Profit/(Loss) before tax and exceptional items: (₹15.24 crore) (FY26) vs (₹12.25 crore) (FY25)
  • Exceptional item (one-time employee benefit provision): ₹6.93 crore (FY26)
  • Profit/(Loss) before tax: (₹22.17 crore) (FY26) vs (₹12.25 crore) (FY25)
  • Profit/(Loss) after tax: (₹22.17 crore) (FY26) vs (₹12.25 crore) (FY25)
  • Total comprehensive income: (₹20.16 crore) (FY26) vs (₹18.81 crore) (FY25)
  • Authorized share capital: ₹25.00 crore
  • Paid-up equity share capital: ₹23.82 crore
  • Proposed material RPT limit: ₹75 crore aggregate value
  • Previous year RPT limit: ₹60 crore (approved at 19th AGM)

Dates of Action

  • AGM Date: August 14, 2026 at 3:00 PM IST
  • Cut-off date for e-voting: August 7, 2026
  • Remote e-voting period: August 11, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
  • Book closure period: August 8, 2026 to August 14, 2026 (both days inclusive)
  • Board meeting dates: May 7, 2025; August 7, 2025; November 10, 2025; February 5, 2026; March 10, 2026
  • CFO change: Smt. Geetha Manjari until March 10, 2026; Sri. Venkatesan N from March 11, 2026

Parties Involved

  • Related Party: M/s. L.G. Balakrishnan & Bros Limited (Promoter Group Company holding 12.17% share capital)
  • Stock Exchange: BSE Limited
  • Registrar & Share Transfer Agent: M/s. Cameo Corporate Services Limited
  • Statutory Auditors: M/s. N.R. Doraiswami & Co., Chartered Accountants
  • Secretarial Auditors: M/s. P. Eswaramoorthy and Company
  • Internal Auditors: Sri. G. Jawaharlal, Chartered Accountant
  • Bankers: Axis Bank Limited, ICICI Bank Limited, IDBI Bank Limited

Business to be Transacted at AGM

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Smt. Rajsri Vijayakumar (DIN: 00018244) as Director retiring by rotation

Special Business:

3. Approval of material related party transactions with M/s. L.G. Balakrishnan & Bros Limited for aggregate value not exceeding ₹75 crore until conclusion of 21st AGM

Financial and Operational Impact

  • The material related party transactions are for sale/purchase/supply of goods/materials, leasing of property, availing/rendering services in ordinary course of business at arm's length pricing
  • Estimated aggregate value not to exceed ₹75 crore for one year period
  • Audit Committee and Board have approved the proposed transactions
  • FY26 transactions with L.G. Balakrishnan & Bros Limited: Purchase of materials ₹23.31 crore, Sale of goods ₹16.66 crore, Rent payment ₹0.64 crore
  • Company showed operational improvement with revenue growth and higher EBITDA despite increased net loss due to one-time provisions

Capital Structure Impact

No change in share capital during the year. No issuance of shares with differential voting rights, sweat equity shares, employee stock options, or convertible securities.

Cash Flow Implications

  • Net cash from operating activities: ₹4.95 crore (FY26) vs ₹15.60 crore (FY25)
  • Net cash used in investing activities: (₹2.67 crore) (FY26) vs (₹2.90 crore) (FY25)
  • Net cash used in financing activities: (₹2.27 crore) (FY26) vs (₹12.70 crore) (FY25)
  • Closing cash and cash equivalents: ₹0.36 lakh (FY26) vs ₹0.39 lakh (FY25)

Governance Updates

  • Board comprises 8 Directors (2 Executive, 1 Non-Executive, 5 Independent)
  • Sri. V Ragupathi (DIN: 01712288) retired as Non-Executive Director on October 27, 2025
  • Company received declarations from Independent Directors confirming independence
  • Annual evaluation of Board, its Committees and individual Directors conducted
  • Vigil Mechanism/Whistle Blower Policy in place - no complaints received in FY26
  • No instances of sexual harassment reported during the year

Other Material Information

  • Credit ratings: CRISIL BBB- (Stable) for long-term facilities, CRISIL A3 for short-term facilities
  • Chennai facility expected to commence operations by end of Q2 2026
  • Company utilizing solar power at one plant and entered agreement for renewable energy procurement
  • No dividends declared for FY26
  • No amounts transferred to Investor Education and Protection Fund (IEPF)
  • No material changes affecting financial position between year-end and report date