Audited Financial Results

The Board approved the Audited Financial Results for:

  • Half year and financial year ended 31 March 2026
  • Statement of Assets and Liabilities as on 31 March 2026
  • Cash Flow Statement for the financial year ended 31 March 2026

The statutory auditors, M/s R P Khandelwal & Associates (FRN: 001795C), issued an unmodified opinion on the financial results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

Key Financial Figures (Amounts in ₹ Lakhs)

Income Statement Highlights:

  • Revenue from Operations: FY2026 - ₹985.35; FY2025 - ₹2,505.70
  • Other Income: FY2026 - ₹40.30; FY2025 - ₹34.37
  • Total Revenue: FY2026 - ₹985.35; FY2025 - ₹2,540.57
  • Profit before tax: FY2026 - ₹29.19; FY2025 - ₹165.46
  • Net Profit: FY2026 - ₹8.71; FY2025 - ₹127.65
  • Basic EPS: FY2026 - ₹0.14; FY2025 - ₹2.01
  • Diluted EPS: FY2026 - ₹0.14; FY2025 - ₹2.00

Balance Sheet Highlights:

  • Paid-up Equity Share Capital: ₹636.30 (unchanged from previous year)
  • Reserves & Surplus: ₹1,655.78 (FY2025: ₹1,647.08)
  • Total Assets: ₹3,350.42

Cash Flow Highlights:

  • Net cash from operating activities: (₹94.20)
  • Net cash used in investing activities: (₹39.75)
  • Net cash used in financing activities: ₹134.54
  • Net increase in cash: ₹0.59
  • Cash and cash equivalents at end: ₹26.19

Half Year Performance (31/03/2026)

  • Revenue from Operations: ₹736.47
  • Other Income: ₹30.36
  • Total Revenue: ₹736.83
  • Profit before tax: ₹101.84
  • Net Profit: ₹83.30
  • Basic EPS: ₹1.31
  • Diluted EPS: ₹1.31

Internal Auditor Reappointment

Based on the recommendation of the Audit Committee, the Board approved the reappointment of M/s SASH & Associates, Chartered Accountants (Firm Registration No.: 019934C) as Internal Auditor of the Company for the Financial Year 2026-27 pursuant to Section 138 of the Companies Act, 2013. The reappointment is effective from 30th May, 2026.

M/s SASH & Associates has wide experience in Income Tax Compliances, International Taxation, GST compliances, Accounting, Internal Audit, and GST audit. They have confirmed fulfillment of all eligibility criteria under the Companies Act, 2013.

Trading Window Closure

The Trading Window for dealing in securities of the Company shall remain closed for the Designated Persons and their immediate relatives in terms of SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct until 48 hours after dissemination of this announcement.

Business Context

The Company is mainly engaged in manufacturing of HDPE Pipes and operates in only one segment, making segment reporting not applicable.

Documents Enclosed

1. Audited Financial Results for half year and year ended 31 March 2026

2. Auditor's Report with unmodified opinion

3. Declaration pursuant to Regulation 33(3)(d) of Listing Regulations

4. Details of internal auditor reappointment