Board Meeting Outcomes

The Board of Directors at its meeting held on Saturday, 30th May 2026 approved the following matters:

  • Approval of financial statements comprising balance sheet, statement of profit & loss with notes, and cash flow statement for:
  • Half yearly period ended on 31 March 2026
  • Financial year ended 31 March 2026
  • Taken note of the audit report issued by statutory auditors on the financial statements/results
  • Approved filing/submission of financial results as on 31st March, 2026 and half yearly ended on 31st March, 2026 with the SME stock exchange platform pursuant to SEBI (LODR) Regulations
  • Authorized directors/company secretary/compliance officer to sign and submit results to stock exchange and complete all related filings and compliances
  • Taken note of related party transactions for the half year/year, if required
  • Taken note of the statement of deviation/variation (if any) under Regulation 32

Financial Highlights (Amount in lakhs)

Balance Sheet Position as at 31st March, 2026:

EQUITY AND LIABILITIES

  • Shareholders' funds: ₹2,324.44
  • Share Capital: ₹515.40
  • Reserves and Surplus: ₹1,809.04
  • Share application money pending allotment: ₹20.21
  • Non-current liabilities: ₹1.78
  • Long-term borrowings: Not quantified
  • Deferred Tax liabilities (Net): Not quantified
  • Other Long term liabilities: Not quantified
  • Long-term Provisions: Not quantified
  • Current Liabilities: ₹1,495.43
  • Short term borrowings: ₹2.23
  • Trade payables: ₹24.22
  • Total outstanding dues of micro enterprises and small enterprises: ₹1,379.52
  • Total outstanding dues of creditors other than micro enterprises and small enterprises: ₹65.85
  • Other current liabilities: ₹11.91
  • Short term provisions: ₹38.15

Total Equity and Liabilities: ₹3,844.09

ASSETS

  • Non-current assets: ₹338.52
  • Property, Plant and Equipment: ₹338.31
  • Intangible assets: Not applicable
  • Capital work-in-progress: Not applicable
  • Intangible assets under development: Not applicable
  • Non-current investments: Not applicable
  • Deferred tax assets (net): Not applicable
  • Long-term loans and advances: ₹0.21
  • Other non-current assets: Not applicable
  • Current assets: ₹3,505.57
  • Current investments: ₹1,477.93
  • Inventories: ₹1,632.15
  • Trade receivables: ₹92.65
  • Cash and cash equivalents: ₹189.61
  • Bank balance other than cash and cash equivalents: ₹113.23
  • Short-term loans and advances: ₹3.505.57 (Note: This appears to be a formatting error as it exceeds total assets)
  • Other current assets: Not quantified

Total Assets: ₹3,844.09

Cash Flow Statement for Year Ended 31st March, 2026:

  • Cash flow from operating activities: ₹(1,608.87) outflow
  • Profit Before Tax: ₹284.10
  • Adjustments for depreciation: ₹52.02
  • Interest expense: ₹69.21
  • Operating Profit before Changes in Working Capital: ₹405.33
  • Significant working capital movements:
  • Increase in trade receivables: ₹(762.15)
  • Increase in inventories: ₹(921.97)
  • Increase in short-term loans and advances: ₹(179.53)
  • Increase in other current & non-current assets: ₹(74.81)
  • Increase in trade payables: ₹34.19
  • Increase in other current liability and provisions: ₹4.00
  • Income taxes paid: ₹(113.93)
  • Cash flow from investing activities: ₹(167.48) outflow
  • Purchase of property, plant & equipment, intangibles: ₹(167.48)
  • Cash flow from financing activities: ₹1,863.72 inflow
  • Proceeds from issue of share capital/application money: ₹1,399.44
  • Share issue expenses: ₹(153.01)
  • Proceed from Long-term borrowings: ₹10.75
  • Repayment from Long-term borrowings: ₹(7.04)
  • Proceed of Short term borrowings: ₹1,381.89
  • Repayment of Short term borrowings: ₹(699.10)
  • Interest Paid: ₹(69.21)
  • Net increase in cash and cash equivalents: ₹87.36
  • Cash and cash equivalents at beginning: ₹5.29
  • Cash and cash equivalents at end: ₹92.65

IPO Proceeds Utilization

The company raised ₹1,399.44 lakhs through IPO of 14,28,000 equity shares of ₹10 each at premium of ₹88 each, listed on BSE SME Platform on 1st July 2025.

Utilization as at March 31, 2026:

| Purpose | Amount Disclosed | Actual Utilized | Unutilized Amount |

| Capital Expenditure for Purchase of Machinery | ₹385.00 | ₹314.97 | ₹70.03 |

| Working capital requirements | ₹670.00 | ₹670.00 | ₹0 |

| General Corporate Purpose | ₹204.50 | ₹203.06 | ₹1.44 |

| Issue related expenses | ₹139.94 | ₹139.94 | ₹0 |

| TOTAL | ₹1,399.44 | ₹1,327.97 | ₹71.47 |

Notes on Utilization:

  • ₹50.28 lakhs invested as fixed deposits presented under cash and cash equivalents
  • ₹187.60 lakhs is advance given to vendor for purchase of machinery shown under Short Term Loans and Advances
  • Utilization is in compliance with purposes mentioned in offer document