Board Meeting Details
The Board of Directors meeting was held on Thursday, 13th August, 2026 from 03:00 PM to 5:00 PM at the Corporate Office situated at 2, Shivaji Nagar, Indore 452003 MP.
Key Decisions Approved
- Approval of Unaudited Standalone Financial Results for quarter ended 30th June, 2026
- Approval of Unaudited Consolidated Financial Results for quarter ended 30th June, 2026
- Taken on Record the Limited Review Report by Auditors for both standalone and consolidated financial results
- Decision on day, date, time and venue of the 34th Annual General Meeting
- Approval of Notice of 34th AGM with Explanatory Statement pursuant to Section 102 of Companies Act, 2013
- Approval of Draft Board's Report, Annual Report and attachments for financial year 2025-26
- Fixation of Record date and Book closure Date for 34th AGM and remote e-voting
- Appointment of Scrutinizer for remote e-voting and voting at 34th AGM
Financial Results - Standalone (Quarter Ended 30th June, 2026)
Income Statement:
- Revenue from operations: ₹1.67 crore
- Other Income: ₹27.44 crore
- Total Income: ₹29.11 crore
- Total Expenses: ₹25.98 crore
- Profit before tax: ₹1.46 crore
- Tax expense: ₹0.37 crore (Current Tax: ₹0.37 crore, Deferred Tax: ₹0.00)
- Profit for the period: ₹1.09 crore
- Earnings Per Share (Basic & Diluted): ₹0.02
Financial Results - Consolidated (Quarter Ended 30th June, 2026)
Income Statement:
- Revenue from operations: ₹1.67 crore
- Other Income: ₹71.57 crore
- Total Income: ₹73.24 crore
- Total Expenses: ₹66.91 crore
- Profit before tax: ₹4.66 crore
- Tax expense: ₹1.17 crore
- Profit for the period: ₹3.49 crore
- Share of Profit From Associate Companies: ₹26.33 crore
- Consolidated Profit: ₹27.42 crore
- Earnings Per Share (Basic & Diluted): ₹0.39
Comparative Performance
Standalone Q1 FY27 vs Q4 FY26:
- Total Income decreased from ₹29.78 crore to ₹29.11 crore
- Profit after tax decreased from ₹1.09 crore to ₹1.09 crore (same)
Consolidated Q1 FY27 vs Q4 FY26:
- Total Income increased from ₹71.57 crore to ₹73.24 crore
- Consolidated profit improved from loss of ₹23.22 crore to profit of ₹27.42 crore
Associate Companies Included in Consolidation
The consolidated results include unaudited/unreviewed results of three associates:
1. Akashdeep Finbuild Private Limited
2. Alokik Estate And Finvest Private Limited
3. Mittal Udyog Indore Private Limited
Capital Structure
- Paid-up Equity Share Capital: ₹710.00 lakh (Face Value of ₹10/- per share)
- Reserves (previous year): Standalone ₹628.78 lakh, Consolidated ₹940.03 lakh
Segment Reporting
The company operates in two segments:
1. Trading Division (Metals trading)
2. Investment Division (Interest Income)
Q1 FY27 Segment Performance:
- Trading Division Revenue: Not separately quantified
- Investment Division Revenue: Not separately quantified
- Total Segment Revenue: ₹27.44 crore
- Trading Division Profit: ₹2.80 crore
- Investment Division Profit: ₹1.67 crore
- Total Segment Profit: ₹4.47 crore
Auditor's Review
M Mehta & Company, Chartered Accountants (Firm Registration No. 000957C) issued limited review reports for both standalone and consolidated financial results. The auditors concluded that the financial statements are prepared in accordance with Ind AS 34 and SEBI LODR regulations, with no material misstatements identified.
Notes to Financial Results
1. The limited review by Statutory Auditors has been completed for the quarter ended 30th June, 2026 with no impact on the results
2. In consolidated results, only the share of profits of associates has been considered as per Indian Accounting Standards Rules, 2015
3. The company has no discontinued operations