Board Meeting Details

The Board of Directors meeting was held on 26th May, 2026, commencing at 12:30 pm and concluding at 4:15 pm.

Key Decisions and Financial Results

1. Financial Results Approval: The Board considered and approved the Audited Standalone & Consolidated Financial Results for the quarter and year ended 31st March, 2026. Statutory Auditors M/s. R A Kuvadia & Co issued an unmodified audit opinion.

2. Dividend Decision: Due to loss in the current year, the Board decided not to recommend any dividend for financial year 2025-2026.

3. Director Re-appointment: Approved re-appointment of Mr. Ketan Shrimankar (DIN: 00452468) as Non-Executive Independent Director for a second term of 2 years effective from 10th August, 2026, subject to shareholder approval.

4. Management Changes:

  • Accepted resignation of Mr. Krupal Upadhyay (ACS 50301) as Company Secretary & Compliance Officer effective close of business hours on 26th May, 2026
  • Appointed Ms. Shruhita Rane (ACS 73053) as Company Secretary & Compliance Officer effective 1st June, 2026

Financial Performance Highlights

Standalone Results (₹ in Lakhs):

  • FY2026 Revenue from Operations: ₹1,710.00
  • FY2026 Total Expenses: ₹1,803.72
  • FY2026 Profit Before Tax: ₹(109.35) including exceptional item
  • FY2026 Profit After Tax: ₹(91.81)
  • FY2026 EPS: ₹(2.00) basic, ₹(1.98) diluted

Consolidated Results (₹ in Lakhs):

  • FY2026 Revenue from Operations: ₹6,404.23
  • FY2026 Total Expenses: ₹6,398.79
  • FY2026 Profit Before Tax: ₹(73.59) including exceptional item
  • FY2026 Profit After Tax: ₹(62.31)
  • FY2026 EPS: ₹(1.35) basic, ₹(1.34) diluted

Exceptional Items

The Company recognized an exceptional item of ₹79.03 lakhs in both standalone and consolidated results due to implementation of new Labour Codes effective 21 November 2025, which revised wage definitions and expanded social security benefits.

Share Capital and ESOPs

  • Paid-up Equity Share Capital: ₹460.03 lakhs (Face Value ₹10 each)
  • Granted 11,500 Employee Stock Options during the quarter to one employee, vesting in 12 months
  • Total ESOPs granted up to 31st March 2026: 46,000

Asset and Liability Position (Consolidated as at 31st March 2026)

  • Total Assets: ₹7,062.62 lakhs
  • Total Equity: ₹5,173.38 lakhs
  • Total Liabilities: ₹1,889.23 lakhs
  • Cash and Cash Equivalents: ₹666.18 lakhs

Cash Flow Statements (Consolidated FY2026)

  • Net Cash Flow from Operating Activities: ₹(286.22) lakhs
  • Net Cash Flow from Investing Activities: ₹(156.78) lakhs
  • Net Cash Flow from Financing Activities: ₹349.09 lakhs
  • Net Decrease in Cash: ₹(93.91) lakhs

Key Managerial Personnel Authorization

The following KMPs were authorized for determining materiality and making disclosures to Stock Exchanges:

  • Mr. Manan Shah (Director)
  • Mr. Deepak Bhardwaj (CEO)
  • Ms. Shruhita Rane (CS & Compliance Officer)
  • Mr. Jitesh Rupani (CFO)