Key Financial Figures (Consolidated, Year Ended March 31, 2026)
- Total Income: ₹268.97 lakh (₹266.98 lakh from operations + ₹1.99 lakh other income)
- Total Expenses: ₹253.35 lakh
- Profit Before Tax (Continuing Operations): ₹15.62 lakh
- Loss Before Tax (Discontinued Operations): ₹(60.21) lakh
- Total Tax Expense: ₹3.00 lakh
- Net Loss for the Period: ₹(47.59) lakh
- Paid-up Equity Share Capital: ₹107.93 lakh
- Reserves & Surplus: ₹174.34 lakh
- Earnings Per Share (Basic & Diluted): ₹(4.87)
Key Financial Figures (Standalone, Year Ended March 31, 2026)
- Total Income: ₹268.97 lakh
- Total Expenses: ₹253.35 lakh
- Profit Before Tax (Continuing Operations): ₹15.62 lakh
- Loss Before Tax (Discontinued Operations): ₹(60.21) lakh
- Net Loss for the Period: ₹(47.59) lakh
- Paid-up Equity Share Capital: ₹107.93 lakh
- Reserves & Surplus: ₹174.34 lakh
Board Meeting Outcomes (May 29, 2026)
The Board of Directors meeting held on May 29, 2026 (4:00 PM to 4:30 PM IST) approved:
1. Audited Standalone and Consolidated financial results for half-year and financial year ended March 31, 2026
2. Re-appointment of M/s Shah Gupta & Co. Associates, Chartered Accountants (Firm Reg. No 109574W) as Internal Auditor for FY 2026-27
Internal Auditor Re-appointment Details
- Firm: M/s Shah Gupta & Co. Associates, Chartered Accountants
- Appointment Date: May 29, 2026
- Term: Financial Year 2026-2027
- Profile: Chartered Accountant firm with experience in audit, accounting, finance based in Mumbai
Discontinued Operations
The company discontinued its luggage division operations effective February 2, 2026, due to:
- Intense competition in luggage market
- Continuous and sustained losses in production
- Widespread availability of low-cost polypropylene (PP) luggage
- Commercial unviability of operations
The financial results present discontinued operations separately in accordance with Schedule III to the Companies Act, 2013 and AS 24.
Segment Reporting (Standalone)
The company has two reportable segments:
1. Board Division (Continuing): Revenue ₹248.92 lakh, Result ₹19.98 lakh profit
2. Luggage Division (Discontinued): Revenue ₹200.54 lakh, Result ₹(60.21) lakh loss
Bonus Share Allotment
The company allotted 35,97,497 equity shares (face value ₹10 each) as fully paid-up bonus shares in the ratio 1:2 (1 new share for every 2 existing shares).
Labour Code Impact Assessment
The company assessed the impact of the four Labour Codes notified on November 21, 2025, and concluded no incremental impact on gratuity provision due to change in 'Wages' definition. The company continues to monitor finalization of Central/State Rules.
Financial Position (Standalone, as of March 31, 2026)
- Total Assets: ₹449.69 lakh
- Total Liabilities: ₹449.69 lakh
- Shareholders' Funds: ₹282.26 lakh
- Non-current Liabilities: ₹35.23 lakh
- Current Liabilities: ₹132.20 lakh
- Cash and Cash Equivalents: ₹54.19 lakh
- Inventories: ₹96.40 lakh
- Trade Receivables: ₹128.43 lakh
Cash Flow (Standalone, FY26)
- Net Cash from Operating Activities: ₹16.27 lakh
- Net Cash from Investing Activities: ₹3.40 lakh
- Net Cash from Financing Activities: ₹1.63 lakh
- Net Increase in Cash: ₹21.30 lakh
Other Information
- No investor complaints received/pending as of March 31, 2026
- Previous years' figures have been regrouped/reclassified/restated where necessary
- The revised submission was made due to typographical errors in the original filing dated May 29, 2026