Key Quantitative Figures and Financial Information

  • Dividend Recommendation: Recommended a dividend of ₹1.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026.
  • MD Remuneration Revision: Approved reduction in remuneration for Mr. Vipul Shah (DIN: 00004746), CEO & Managing Director, from ₹1.75 crores to ₹1.00 crore.
  • CFO Remuneration Revision: Approved reduction in remuneration for Mr. Arvind Shah (DIN: 00004720), CFO & Whole Time Director, from ₹1.25 crores to ₹1.00 crore.

Dates and Timelines

  • Board Meeting: Held on Monday, May 25, 2026, from 2:35 PM to 5:15 PM.
  • Dividend Payment: To be paid within 30 days from the date of the 32nd Annual General Meeting, subject to shareholder approval.
  • Financial Period: Audited financial statements cover the quarter and year ended March 31, 2026.

Parties Involved

  • Statutory Auditors: M/s V. A. Parikh & Associates LLP, Chartered Accountants
  • Key Personnel: Mr. Vipul P. Shah (Managing Director & CEO, DIN: 00004746), Mr. Arvind T. Shah (Chairman, CFO & Whole Time Director, DIN: 00004720)
  • Committees: Nomination and Remuneration Committee, Audit Committee

Auditor Opinion

The statutory auditors issued an unmodified audit report on both standalone and consolidated financial statements for the year ended March 31, 2026.

CEO/CFO Certification

Mr. Vipul P. Shah and Mr. Arvind T. Shah certified that the financial results for quarter and year ended March 31, 2026, do not contain any false or misleading statements or figures and do not omit any material fact.