Board Meeting Details

The Board Meeting commenced at 4:00 p.m. and concluded at 4:35 p.m. on Wednesday, 12th August 2026.

Key Decisions Approved

1. Approved the Unaudited Standalone Financial Results along with Limited Review Report for First Quarter ended June 30, 2026 pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015

2. Re-Appointment of M/s Parveen Rastogi & Co., Company Secretaries (CP. No. 26582) as the Secretarial Auditor of the Company for the Financial Year 2026-27

3. Re-Appointment of M/s Bhardwaj & Co. Chartered Accountant (FRN:003681N) as the Internal Auditor of the Company for the Financial Year 2026-27

Financial Results for Quarter Ended June 30, 2026 (Unaudited Standalone)

Income Statement (₹ in Lakhs):

  • Revenue From Operations: 1073.64
  • Other Income: 2.76
  • Total Income: 1076.40

Expenses (₹ in Lakhs):

  • Cost of materials and consumable consumed: 703.61
  • Purchases of Stock-in-Trade: 0.00
  • Changes in inventories: 7.23
  • Employee benefits expense: 67.02
  • Finance costs: 12.99
  • Depreciation and amortization expense: 13.50
  • Power & Fuel: 209.87
  • Other expenses: 54.62
  • Total expenses: 1068.84

Profitability (₹ in Lakhs):

  • Profit before tax: 7.56
  • Current tax: 1.91
  • Deferred tax: -0.09
  • Total Tax Expenses: 1.81
  • Net Profit after Tax: 5.75
  • Total Comprehensive Income: 5.75

Earnings Per Share (₹):

  • Basic EPS: 0.10
  • Diluted EPS: 0.10

Comparative Figures:

  • Q1 FY26 Net Profit: ₹2.36 lakhs
  • Q4 FY26 Net Profit: ₹3.04 lakhs
  • Full Year FY26 Net Profit: ₹27.16 lakhs

Balance Sheet Items (₹ in Lakhs):

  • Paid Up Equity Share Capital: 570.71
  • Other Equity Excluding Revaluation Reserves: 319.77
  • Net Worth: 890.48

Limited Review Report

Sanjay Rawal & Co. Chartered Accountants (FRN: 002820N) issued a limited review report stating that nothing has come to their attention that causes them to believe that the accompanying statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 12/08/2026

2. Prepared in accordance with Indian Accounting Standards (Ind AS)

3. No dividend recommended for the year

4. No provision made for leave salary and gratuity of employees (amount unascertained), not in compliance with Ind AS-19

5. Discounts/rebates accounted for upon issuance of credit note

6. Inventories taken, valued and certified by management

7. Trade receivable dispute of ₹133.46 lakhs withheld by a debtor regarding rate difference

8. Implementation of new Labour Codes does not have any material impact on financial statements

9. Single business segment - manufacturing and trading of loose leaf springs, iron and steel

10. Figures for quarter ended March 31, 2026 are balancing figures between audited full year and published unaudited YTD figures

Auditor Appointments

Secretarial Auditor - M/s Parveen Rastogi & Co.:

  • Re-appointed w.e.f. 12.08.2026 for FY 2026-27
  • Firm has extensive experience in secretarial audit of listed entities
  • Core team consists of Qualified Company Secretaries

Internal Auditor - M/s Bhardwaj & Co.:

  • Re-appointed w.e.f. 12.08.2026 for FY 2026-27
  • Chartered Accountancy firm founded in 1983 with over 40 years experience
  • Statutory Auditor and Internal Auditor for numerous companies