BSE Query Response Details

  • Received query from BSE regarding submission of Auditor's Report for quarter and year ended March 31, 2026
  • Company clarified an inadvertent error occurred in the format of the Auditors' Report during filing
  • Financial results and all other disclosures were correctly filed, only format of Auditors' Report was affected
  • Company submitted corrected Auditors' Report in prescribed format on June 11, 2026

Board Meeting Outcomes (May 29, 2026)

  • Meeting commenced at 05:00 PM and concluded at 08:18 PM
  • Approved Audited Financial statements (Standalone & Consolidated) along with Auditor's report for year ended March 31, 2026
  • Appointment of M/s. Sasi Vijayan & Rajan as Internal Auditor of the Company for Financial Year 2026-2027

Financial Results - Standalone (Amounts in ₹ Lakhs)

Quarterly Performance

| Particulars | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) |

| Total Revenue | 35.55 | 41.00 | 97.04 |

| Total Expenses | 24.79 | 32.00 | 62.87 |

| Profit Before Tax | 24.79 | 32.00 | 62.87 |

| Tax Expense | 0 | 4.11 | 0 |

| Profit for Period | 24.79 | 27.89 | 62.87 |

| EPS Basic (₹) | 0.02 | 0.02 | 0.08 |

Annual Performance FY2026

| Particulars | FY26 (Audited) | FY25 (Audited) |

| Total Revenue | 211.55 | 97.04 |

| Total Expenses | 154.73 | 54.33 |

| Profit Before Tax | 154.73 | 54.33 |

| Tax Expense | 0 | 0 |

| Profit for Period | 154.73 | 54.33 |

| EPS Basic (₹) | 0.10 | 0.07 |

Capital Structure Changes

  • Paid-up capital: ₹15,760.05 lakhs (FY26) vs ₹7,880.32 lakhs (FY25)
  • Face value of equity shares: ₹10 each
  • Significant increase due to capital restructuring activities

Financial Results - Consolidated (Amounts in ₹ Lakhs)

Quarterly Performance

| Particulars | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) |

| Revenue from operations | 3,394.16 | 4,268.51 | 1,438.68 |

| Total Revenue | 3,441.70 | 4,273.87 | 1,505.29 |

| Total Expenses | 3,148.80 | 3,941.98 | 1,387.34 |

| Profit Before Tax | 298.79 | 332.65 | 117.10 |

| Tax Expense | 5.79 | 27.10 | -1.49 |

| Profit for Period | 293.01 | 305.55 | 118.60 |

| EPS Basic (₹) | 0.13 | 0.13 | 0.24 |

Annual Performance FY2026

| Particulars | FY26 (Audited) | FY25 (Audited) |

| Revenue from operations | 25,940.91 | 1,438.68 |

| Total Revenue | 26,173.27 | 1,505.29 |

| Total Expenses | 24,903.30 | 1,355.88 |

| Profit Before Tax | 1,301.35 | 108.56 |

| Tax Expense | 71.63 | 1.09 |

| Profit for Period | 1,229.72 | 110.35 |

| EPS Basic (₹) | 0.54 | 0.59 |

Notes to Financial Statements

Capital Structure Changes

1. Preferential Allotment (February 25, 2025): Issued 7,37,87,128 equity shares (face value ₹10) to Promoter and Non-Promoter investors for consideration other than cash. Increased paid-up capital from ₹5,01,61,000 (50,16,100 shares) to ₹78,80,32,280 (7,88,03,228 shares)

2. Bonus Issue (July 31, 2025): Issued bonus shares in 1:1 ratio. Equity share capital increased to ₹157,60,64,560 comprising 15,76,06,456 equity shares of ₹10 each

3. Authorized Capital Increase (December 3, 2025): Increased authorized share capital to ₹200.00 crores (20 crore equity shares of ₹10 each)

Subsidiaries and Associates

As of March 31, 2026, the Company has:

  • Subsidiaries:
  • Salamath Import & Exports Private Limited (India)
  • Prudential Management Services Private Limited (India)
  • Sky International Trading WLL (Bahrain)
  • Associate:
  • SAIA Educational Support Services WLL (Bahrain)

Deferred Tax Asset

  • Standalone: Carrying Deferred Tax Asset of ₹9.53 lakhs as of March 31, 2026
  • Consolidated: Carrying Deferred Tax Asset of ₹20.84 lakhs as of March 31, 2026
  • Management believes adequate future taxable profits will be generated to utilize DTA

New Labour Codes Compliance

  • Government notified four Labour Codes on November 21, 2025
  • Company evaluated provisions and assessed impact on financial statements
  • Existing wage structure follows applicable requirements
  • No material financial impact expected for quarter and year ended March 31, 2026
  • Company continues to monitor developments

Segment Reporting

  • In accordance with Ind AS 108 - Operating Segments, segment reporting is not applicable to the Company

Audit Committee and Board Approval

  • Financial results reviewed by Audit Committee and approved by Board of Directors on May 29, 2026
  • Figures for previous periods regrouped/reclassified for comparability

Auditor Information

  • Statutory Auditors: M/s. Mahesh C Solanki & Co., Chartered Accountants (FRN: 006228C)
  • Audit Partner: CA Rakesh Kumar (Membership No: 242913)
  • Audit Opinion: Unmodified opinion issued on both standalone and consolidated financial results
  • Audit Date: May 29, 2026

Internal Auditor Appointment

  • Appointed M/s. Sasi Vijayan & Rajan as Internal Auditor for FY2026-2027
  • Appointment date: May 29, 2026
  • Reason: Compliance with Section 138 of Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014
  • Firm profile: Chartered Accountants with extensive experience across multiple sectors including Manufacturing, Retail, Government, Banking & Finance, Oil & Gas, Shipping

Cash Flow Information (Standalone)

  • Net cash from operating activities: ₹86.79 lakhs (FY26) vs ₹-82.41 lakhs (FY25)
  • Net cash used in investing activities: ₹0 (FY26) vs ₹0 (FY25)
  • Net cash from financing activities: ₹-83.01 lakhs (FY26) vs ₹36.00 lakhs (FY25)
  • Cash and cash equivalents at year-end: ₹5.21 lakhs (FY26) vs ₹1.43 lakhs (FY25)