Board Meeting Details

The Board of Directors meeting commenced at 3:00 PM and concluded at 5:45 PM on May 28, 2026.

Key Resolutions Approved

1. Financial Results Approval

  • Approved standalone audited financial results for quarter and year ended March 31, 2026
  • Statutory auditor issued unmodified opinion on the financial results

2. Director Resignation

  • Mr. Durgesh Pandey (DIN: 10458934) resigned as Non-Executive Director effective May 8, 2026
  • Resignation due to personal reasons with no other material reasons
  • Also resigned from Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee
  • Held no directorships in other listed entities

3. Statutory Auditor Resignation

  • M/s Maark & Associates (FRN: 145153W) resigned as statutory auditor effective May 28, 2026
  • Reason: Resignation due to disagreement over audit fees for FY26-27
  • The firm stated proposed remuneration was not commensurate with efforts required
  • Will issue limited review report for quarter ending June 30, 2026 as per SEBI circular
  • Partner Manish Agarwal (Membership No. 612103) signed resignation letter

4. Internal Auditor Appointment

  • Appointed M/s S. Mandawat & Co (FRN: 118330W) as internal auditor for FY26-27
  • Date of appointment: May 28, 2026
  • Firm provides Audit & Assurance, Taxation, Regulatory Advisory & Compliance services

Financial Results Highlights (₹ in Lakhs)

Quarter Ended March 31, 2026 (Audited)

  • Total Income: ₹216.28
  • Total Expenses: ₹241.37
  • Net Loss: ₹(25.09)
  • EPS: ₹(8.71)

Year Ended March 31, 2026 (Audited)

  • Total Income: ₹457.65
  • Total Expenses: ₹466.34
  • Net Loss: ₹(8.70)
  • EPS: ₹5.13

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹994.58
  • Share Capital: ₹209.08
  • Other Equity: ₹235.98
  • Total Equity: ₹445.07
  • Current Liabilities: ₹549.51

Cash Flow (Year Ended March 31, 2026)

  • Net cash from operating activities: ₹338.35
  • Net cash used in investing activities: ₹(571.38)
  • Net cash from financing activities: ₹210.37
  • Cash and cash equivalents at year-end: ₹10.80

Operational Context

  • Company operates in Chemical Business as the only reportable segment
  • Financial results prepared in accordance with Ind AS
  • Figures for previous periods regrouped/rearranged where necessary