Document Overview

Board Meeting Outcomes

The Board of Directors meeting was held on Saturday, May 30, 2026, commencing at 16:30 hours and concluding at 18:05 hours. The Board approved the following matters:

  • Consideration and approval of financial statements comprising Balance Sheet, Statement of Profit & Loss with notes, and Cash Flow Statement for:
  • Half yearly period ended March 31, 2026
  • Financial year ended March 31, 2026
  • Taken note of the audit report issued by statutory auditors on the financial statements/results
  • Approved filing/submission of financial results as on March 31, 2026 and half yearly ended March 31, 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
  • Other business transactions

Financial Highlights (Amounts in lakhs)

Balance Sheet Position as at March 31, 2026

Equity and Liabilities:

  • Share Capital: ₹515.40 (Previous year: ₹470.35)
  • Reserves and Surplus: ₹1,809.04 (Previous year: ₹842.95)
  • Total Shareholders' Funds: ₹2,324.44 (Previous year: ₹1,313.30)
  • Share Application Money Pending Allotment: ₹20.21 (Previous year: ₹18.68)
  • Non-current Liabilities: ₹1.78 (Previous year: ₹1.60)
  • Current Liabilities: ₹1,495.43 (Previous year: ₹1,379.52)
  • Total Equity and Liabilities: ₹3,844.09 (Previous year: ₹2,712.10)

Assets:

  • Non-current Assets: ₹338.52 (Previous year: ₹223.02)
  • Property, Plant and Equipment: ₹338.31
  • Other Non-current Assets: ₹0.21
  • Current Assets: ₹3,505.57 (Previous year: ₹1,479.80)
  • Inventories: ₹1,477.93
  • Trade Receivables: ₹1,632.15
  • Cash and Cash Equivalents: ₹92.65
  • Bank Balance Other Than Cash: ₹189.61
  • Short-term Loans and Advances: ₹113.23
  • Other Current Assets: ₹3.00
  • Total Assets: ₹3,844.09 (Previous year: ₹1,702.82)

Cash Flow Statement for Year Ended March 31, 2026

Operating Activities:

  • Profit Before Tax: ₹284.10 (Previous year: ₹431.46)
  • Adjustments: ₹121.23 (Depreciation: ₹52.02, Interest Expense: ₹69.21)
  • Operating Profit Before Working Capital Changes: ₹405.33 (Previous year: ₹511.94)
  • Net Cash Used in Operating Activities: ₹(1,608.87) (Previous year: ₹(67.03))

Investing Activities:

  • Purchase of Property, Plant & Equipment: ₹(167.48) (Previous year: ₹(102.60))
  • Net Cash Used in Investing Activities: ₹(167.48) (Previous year: ₹(102.41))

Financing Activities:

  • Proceeds from Issue of Share Capital/Application Money: ₹1,399.44 (Previous year: ₹102.24)
  • Share Issue Expenses: ₹(153.01)
  • Proceed from Long-term Borrowings: ₹10.75 (Previous year: ₹24.25)
  • Repayment from Long-term Borrowings: ₹(7.04) (Previous year: ₹(0.72))
  • Proceed of Short-term Borrowings: ₹1,381.89 (Previous year: ₹689.69)
  • Repayment of Short-term Borrowings: ₹(699.10) (Previous year: ₹(600.86))
  • Interest Paid: ₹(69.21) (Previous year: ₹(51.22))
  • Net Cash from Financing Activities: ₹1,863.72 (Previous year: ₹163.39)

Net Increase in Cash and Cash Equivalents: ₹87.36 (Previous year: ₹(6.05))

Cash and Cash Equivalents at Beginning: ₹5.29 (Previous year: ₹11.34)

Cash and Cash Equivalents at End: ₹92.65 (Previous year: ₹5.29)

Audit Details

Auditor: Gaur & Associates, Chartered Accountants (FRN: 005354C)

Audit Partner: S. K. Gupta (M. No. 016746)

Opinion: Unmodified opinion (nil qualifications) issued on the audited standalone financial results for the financial year ended March 31, 2026

Audit Standards: Conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013

IPO Proceeds Utilization Certificate

The company issued 14,28,000 equity shares of ₹10 each at a premium of ₹88 each aggregating to ₹13,99,44,000 as fresh issue by way of public issue and got listed on SME Platform of BSE Limited on July 1, 2025.

Utilization of Proceeds as at March 31, 2026:

  • Capital Expenditure for Purchase of Machinery: ₹314.97 utilized out of ₹385.00 (₹70.03 unutilized)
  • Working Capital Requirements: ₹670.00 utilized out of ₹670.00 (fully utilized)
  • General Corporate Purpose: ₹203.06 utilized out of ₹204.50 (₹1.44 unutilized)
  • Issue Related Expenses: ₹139.94 utilized out of ₹139.94 (fully utilized)

Total Utilization: ₹1,327.97 utilized out of ₹1,399.44 (₹71.47 unutilized)

Additional Notes on Utilization:

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