Board Meeting Details

The Board of Directors meeting was held on May 27, 2026, commencing at 15:45 PM and concluding at 16:20 PM.

Key Board Decisions

  • Recorded annual disclosures of interest by directors (MBP-1 and DIR-8 forms) and independent director declarations under Section 149 of Companies Act 2013
  • Appointed M/s. Mohta Khetawat & Co. (FRN No. 140845W) as Internal Auditor for FY 2026-2027
  • Recorded certificate of non-disqualification of directors issued by practicing company secretaries for year ended March 31, 2026
  • Approved audited financial results for Q4 and year ended March 31, 2026 in format prescribed under Regulation 33 of SEBI LODR 2015
  • Approved related party transactions for half year ended March 31, 2026 and authorized board to enter such transactions for FY 2026-27 subject to shareholder approval
  • Authorized Mr. Jigen J. Modi (Managing Director and CFO) to fix record date/book closure dates, AGM date, time, venue and e-voting details
  • Provided declaration on unmodified audit opinions under regulation 33(3)(d)

Financial Results Summary (Standalone)

Quarterly Performance (₹ in Lakhs)

Q4 FY2026 (March 31, 2026):

  • Revenue from operations: ₹438.64
  • Other income: ₹13.92
  • Total income: ₹452.55
  • Total expenses: ₹447.11
  • Profit before tax: ₹5.44
  • Tax expense: ₹(0.22) [including deferred tax credit of ₹1.22]
  • Net profit: ₹5.67
  • EPS: ₹0.0024

Q4 FY2025 (March 31, 2025):

  • Revenue from operations: ₹92.09
  • Other income: ₹17.88
  • Total income: ₹109.97
  • Total expenses: ₹97.43
  • Profit before tax: ₹12.54
  • Tax expense: ₹0.40
  • Net profit: ₹12.14
  • EPS: ₹0.0052

Annual Performance (₹ in Lakhs)

FY2026 (Audited):

  • Revenue from operations: ₹1,159.47
  • Other income: ₹37.68
  • Total income: ₹1,197.15
  • Total expenses: ₹1,159.57
  • Profit before tax: ₹37.58
  • Tax expense: ₹6.01 [including deferred tax credit of ₹1.75 and earlier year adjustment of ₹(2.17)]
  • Net profit: ₹31.57
  • EPS: ₹0.0134

FY2025 (Audited):

  • Revenue from operations: ₹304.75
  • Other income: ₹92.13
  • Total income: ₹396.88
  • Total expenses: ₹331.85
  • Profit before tax: ₹65.02
  • Tax expense: ₹13.56
  • Net profit: ₹51.47
  • EPS: ₹0.0218

Capital Structure

  • Paid-up equity share capital (face value ₹1): ₹2,413.57 lakhs (FY2026) vs ₹2,355.57 lakhs (FY2025)
  • Other equity (reserves & surplus): ₹1,092.55 lakhs (FY2026) vs ₹770.98 lakhs (FY2025)
  • Total equity: ₹3,506.12 lakhs (FY2026) vs ₹3,126.55 lakhs (FY2025)

First-Time Ind AS Adoption

The company adopted Indian Accounting Standards (Ind AS) from April 1, 2025, with transition date of April 1, 2024. Key adjustments include:

  • Impact of ROU and lease liability adjustment under Ind AS 116: ₹(5.32) lakhs
  • Impact due to deferred tax on Ind AS adjustments: ₹3.30 lakhs
  • Tax impact due to restatement: ₹(1.28) lakhs
  • Total adjustment: ₹(3.30) lakhs, reducing FY2025 profit from ₹54.77 lakhs (Indian GAAP) to ₹51.47 lakhs (Ind AS)

Balance Sheet Position (as at March 31, 2026)

Assets (₹ in Lakhs)

  • Non-current assets: ₹3,019.49 (including property, plant & equipment ₹23.57, right of use assets ₹131.18, capital work in progress ₹2,788.49)
  • Current assets: ₹789.92 (including inventories ₹43.29, trade receivables ₹144.76, cash & cash equivalents ₹328.75)
  • Total assets: ₹3,809.42

Liabilities (₹ in Lakhs)

  • Non-current liabilities: ₹131.13 (lease liability)
  • Current liabilities: ₹172.17 (including trade payables ₹120.77, lease liability ₹17.54, contract liabilities ₹29.54)
  • Total liabilities: ₹303.30

Cash Flow Statement (FY2026)

  • Cash from operating activities: ₹113.45
  • Cash used in investing activities: ₹(222.54)
  • Cash from financing activities: ₹338.14
  • Net increase in cash: ₹229.05
  • Cash at beginning: ₹99.71
  • Cash at end: ₹328.75