Summary of Key Information:

Reporting Period (Quarter/Year): Year ended 31st March, 2026 and Quarter ended 31st March, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results

Date of Board Meeting / Approval: 26th June, 2026 (16:30 to 19:00 Hours)

Audit Opinion: Disclaimer of Opinion

Auditor's Comment: Significant limitations in audit evidence regarding loans, inventory, deferred taxes, and fixed assets register

Key Financial Highlights [Amounts in ₹ Lakhs]:

Standalone Results:

For Year Ended 31st March, 2026 vs 31st March, 2025:

  • Revenue from Operations: ₹6,290.50 vs ₹2,504.72 (150% increase YoY)
  • Total Income: ₹6,371.53 vs ₹2,505.34
  • Net Profit/(Loss): ₹127.58 vs (₹32.33) (Profit turnaround from loss)
  • EPS: ₹0.08 vs (₹0.02)
  • Other Equity: ₹173.92 vs ₹46.34
  • Cash and Cash Equivalents: ₹8.66 vs ₹11.95

For Quarter Ended 31st March, 2026 vs 31st December, 2025 vs 31st March, 2025:

  • Revenue from Operations: ₹3,047.44 (Audited) vs ₹2,244.15 (Unaudited) vs ₹679.00 (Audited)
  • Total Income: ₹3,078.41 vs ₹2,294.26 vs ₹679.24
  • Net Profit/(Loss): (₹8.24) vs ₹21.56 vs ₹66.07
  • EPS: (₹0.01) vs ₹0.01 vs ₹0.04

Balance Sheet Position as at 31st March, 2026:

  • Total Assets: ₹5,469.48 lakhs
  • Total Liabilities: ₹3,745.47 lakhs
  • Net Worth: ₹1,724.02 lakhs
  • Equity Share Capital: ₹1,550.10 lakhs
  • Other Equity: ₹173.92 lakhs
  • Non-Current Liabilities: ₹922.77 lakhs
  • Current Liabilities: ₹2,822.69 lakhs
  • Current Assets: ₹4,264.57 lakhs
  • Inventories: ₹343.53 lakhs
  • Trade Receivables: ₹1,453.75 lakhs
  • Cash and Cash Equivalents: ₹8.66 lakhs

Cash Flow Statement for Year Ended 31st March, 2026:

  • Cash flow from operating activities: (₹407.70) lakhs
  • Cash flow from investing activities: ₹0.00 lakhs
  • Cash flow from financing activities: ₹404.41 lakhs
  • Net decrease in cash: (₹3.29) lakhs

Audit Qualifications:

The statutory auditors, Chandabhoy & Jassoobhoy, issued a Disclaimer of Opinion citing four material issues:

1. Unsecured Loans: Company obtained unsecured loans without charging interest, but loan agreements were not available for verification. Unable to verify accuracy of outstanding balances and interest-free nature.

2. Inventory Verification: Physical verification of inventory was not carried out. Unable to verify existence, condition, ownership, valuation, and realizability of inventory.

3. Deferred Taxes: Company did not recognize any Deferred Tax Asset or Liability, claiming no timing differences existed.

4. Fixed Assets Register: Company did not maintain a Fixed Assets Register containing particulars of Property, Plant and Equipment.

Additional observations include:

  • Trade and other receivable balances outstanding for considerable period without balance confirmations
  • No MSME vendors identified, hence no MSME disclosures made

Management Responses to Audit Qualifications:

1. Unsecured Loans: Management confirms loans received based on mutual understanding with no interest agreed. Balances are true and correct. Formal agreements not available due to administrative reasons.

2. Inventory Verification: Management claims physical verification was carried out and appropriate records maintained. Inventory values based on management's physical verification.

3. Deferred Taxes: Management evaluated and found no material timing differences requiring deferred tax recognition.

4. Fixed Assets Register: Management acknowledges register not maintained but has records of acquisitions through invoices. Initiated steps to prepare proper register.

Corporate Actions:

Not Specified

Other Significant Information:

  • Corporate Office: B-310, 3rd Floor, Ratnaakar Nine Square, ITC Narmada Near Keshavbaug Cross Road, Vastrapur, Ahmedabad - 380015