Board Meeting Details
The Board of Directors meeting was held on Tuesday, 28th July, 2026 at the registered office of the Company at Corporate House No. A-1, Shivalik Business Centre, B/h. Rajpath Club, S. G. Highway, Bodakdev, Ahmedabad, Gujarat, India, 380059. The meeting commenced at 11:00 a.m. and concluded at 11:50 a.m.
Key Approvals and Discussions
1. Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board approved the Standalone unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report issued by M/s. Sorab S. Engineer & Co., Chartered Accountants.
2. Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board approved the Consolidated unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report issued by M/s. Sorab S. Engineer & Co., Chartered Accountants.
3. The Board took note of compliances submitted with the stock exchange for the quarter ended June 30, 2026.
Standalone Financial Results (Quarter Ended June 30, 2026)
- Total Income: ₹175.13 lakhs (Q1 FY26: ₹64.79 lakhs)
- Revenue from Operations: ₹175.01 lakhs (Q1 FY26: ₹64.69 lakhs)
- Other Income: ₹1.19 lakhs (Q1 FY26: ₹0.92 lakhs)
- Total Expenses: ₹170.83 lakhs (Q1 FY26: ₹63.95 lakhs)
- Purchase of Stock-in-Trade: ₹160.70 lakhs (Q1 FY26: ₹56.67 lakhs)
- Profit Before Tax: ₹43.02 lakhs (Q1 FY26: ₹8.36 lakhs)
- Tax Expense: ₹11.37 lakhs (Q1 FY26: ₹2.38 lakhs)
- Profit After Tax: ₹31.64 lakhs (Q1 FY26: ₹5.98 lakhs)
- Earnings Per Share (Basic & Diluted): ₹0.07 (Q1 FY26: ₹0.01)
- Paid-up Equity Share Capital: ₹460.00 lakhs (face value ₹1 each)
Consolidated Financial Results (Quarter Ended June 30, 2026)
- Total Income: ₹175.13 lakhs (Q1 FY26: ₹64.79 lakhs)
- Profit Before Share of Profit of Associate: ₹42.91 lakhs
- Share of Profit from Associate (A-i Sureja Industries): ₹1.07 lakhs
- Profit Before Tax: ₹43.02 lakhs (Q1 FY26: ₹8.36 lakhs)
- Tax Expense: ₹11.37 lakhs (Q1 FY26: ₹2.38 lakhs)
- Profit After Tax: ₹31.64 lakhs (Q1 FY26: ₹5.98 lakhs)
- Earnings Per Share (Basic & Diluted): ₹0.07 (Q1 FY26: ₹0.01)
Segment-wise Performance (Standalone)
- Acids and Chemicals Segment: Revenue ₹171.95 lakhs, Segment Results ₹514.86 lakhs
- Sports Equipment Segment: Revenue ₹3.17 lakhs, Segment Results ₹13.08 lakhs
- Total Segment Assets: ₹1,156.09 lakhs (Acids & Chemicals: ₹1,109.90 lakhs; Sports Equipment: ₹46.19 lakhs)
- Total Segment Liabilities: ₹571.85 lakhs (Acids & Chemicals: ₹555.24 lakhs; Sports Equipment: ₹16.62 lakhs)
Capital Structure Changes
As disclosed in Note 4, during the quarter ended December 31, 2025:
- The Board approved issuance of 3,45,00,000 equity shares of ₹10 each as fully paid-up bonus shares in 3:1 ratio
- Authorized share capital increased from 2,00,00,000 equity shares of ₹10 each to 4,60,00,000 equity shares of ₹10 each
- Board approved stock split from face value of ₹10 to ₹1 per share with record date of January 08, 2026
- All previous period EPS figures have been restated considering bonus issue and stock split
Auditor Review
M/s. Sorab S. Engineer & Co., Chartered Accountants (Firm Registration No. 110417W) issued unmodified review reports for both standalone and consolidated financial results, confirming preparation in accordance with Ind AS 34 and compliance with Regulation 33 of SEBI Listing Regulations.