Key Quantitative Figures (Standalone, FY 2025-26)

  • Revenue from Operations: ₹6,052.13 lakhs (Previous Year: ₹9,942.64 lakhs)
  • Total Income: ₹6,067.38 lakhs (PY: ₹9,996.06 lakhs)
  • Net Profit for the year: ₹290.25 lakhs (PY: ₹236.11 lakhs)
  • Total Comprehensive Income: ₹292.86 lakhs (PY: ₹236.36 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹1.05 (PY: ₹0.85)
  • Exceptional Item Gain: ₹298.16 lakhs (arising from derecognition of property and vehicles)
  • Paid-up Equity Share Capital: ₹554.70 lakhs (Face value ₹2 each) (PY: ₹369.80 lakhs)
  • Reserves: ₹4,668.81 lakhs (PY: ₹4,560.85 lakhs)
  • Total Assets: ₹10,319.99 lakhs (PY: ₹14,470.94 lakhs)
  • Total Borrowings (Current): ₹3,296.50 lakhs (PY: ₹8,064.42 lakhs)

Key Quantitative Figures (Q4 FY26)

  • Revenue from Operations: ₹1,642.71 lakhs
  • Net Profit for the quarter: ₹598.60 lakhs
  • EPS (Basic & Diluted) for the quarter: ₹2.16

Dates of Action

  • Board Meeting Date: May 25, 2026 (commenced 12:00 PM, concluded 3:45 PM)
  • Financial Year Ended: March 31, 2026
  • Re-appointment of Independent Director: Effective from June 25, 2026, to June 24, 2031
  • Re-appointment of Internal Auditor: For Financial Year 2026-27
  • Bonus Share Allotment: Implemented during the year ended March 31, 2026, following an AGM resolution on September 10, 2025.

Parties Involved

  • Stock Exchange: Bombay Stock Exchange Limited (BSE)
  • Auditor: JPS&CO (Firm Registration No. 004086N), represented by CA J C Verma (Partner, M. No. 083210)
  • Re-appointed Independent Director: Mr. Tilak Raj Goyal (DIN: 00403414)
  • Re-appointed Internal Auditor: M/s Baj & Company, Chartered Accountants (Partner: Mr. Gajendra Kumar Baj)
  • Company Representatives: Mr. Gajraj Jain (Chairman cum Managing Director, DIN: 00049199), Mr. Deepak Raj Singh (Company Secretary & Compliance Officer)

Purpose or Rationale

  • The board meeting was convened to approve the annual audited financial statements and results for the financial year 2025-26, in compliance with Regulation 33 of the SEBI LODR.
  • The re-appointment of the Independent Director is based on the recommendation of the Nomination and Remuneration Committee.
  • The re-appointment of the Internal Auditor is based on the recommendation of the Audit Committee.
  • The exceptional gain of ₹298.16 lakhs was recognized due to the derecognition of a property in Gurugram, vehicles (Property, Plant and Equipment), and partial derecognition of land (Investment Property).

Financial and Operational Impact

  • The company is engaged in three reportable segments: trading of Coal, Metal Scrap, and Agri products.
  • The allotment of 92,45,000 bonus shares in a 1:2 ratio has resulted in an increase in paid-up capital and a restatement of EPS figures for all periods presented, as per Ind AS 33.
  • The company's borrowing levels decreased significantly year-on-year from ₹8,064.42 lakhs to ₹3,296.50 lakhs.
  • Cash flow from operating activities was positive at ₹3,265.10 lakhs, a significant improvement from the negative (₹1,868.22) lakhs in the previous year.

Capital Structure Impact

  • The bonus issue increased the paid-up share capital from ₹369.80 lakhs to ₹554.70 lakhs.
  • The EPS has been adjusted and restated for all periods presented to reflect the bonus share allotment.

Governance Updates

  • Mr. Tilak Raj Goyal, a Practicing Chartered Accountant & Insolvency Professional, was re-appointed as an Independent Director for a second term of five years. He is not related to any other director and is not debarred from holding office.
  • M/s Baj & Company was re-appointed as the Internal Auditor for FY27.

Auditor's Opinion

The auditor, JPS&CO, issued an unmodified opinion, stating that the financial results give a true and fair view in conformity with Ind AS and are presented in accordance with SEBI LODR Regulation 33.