Financial Performance Highlights

FY 2025-26 vs FY 2024-25 (₹ in Lakhs)

  • Revenue from Operations: ₹7,753.63 (prev. ₹2,919.30) - 165.6% increase
  • Other Income: ₹25.29 (prev. ₹0.08)
  • Total Revenue: ₹7,778.92 (prev. ₹2,919.38) - 166.5% increase
  • Total Expenses: ₹7,278.83 (prev. ₹2,850.86) - 155.3% increase
  • Profit Before Tax: ₹500.09 (prev. ₹69.17) - 623.1% increase
  • Current Tax: ₹99.77 (prev. ₹0.00)
  • Deferred Tax: ₹0.00 (prev. credit of ₹3.77)
  • Net Profit: ₹400.32 (prev. ₹72.94) - 448.8% increase
  • Other Comprehensive Income: Loss of ₹811.35 (prev. gain of ₹1,771.14)
  • Total Comprehensive Income: Loss of ₹411.03 (prev. gain of ₹1,844.08)

Capital Structure Changes

Authorized Share Capital

  • Increased from ₹22.25 crore (22.25 crore shares of ₹1 each) to ₹33.32 crore (33.32 crore shares of ₹1 each)
  • Approved by shareholders at 43rd AGM held on 30th September, 2025

Paid-up Share Capital

  • Previous structure: 2,22,11,300 equity shares of ₹10 each (₹22.21 crore)
  • Stock split: 1:10 split approved on 26th July, 2025 - face value reduced from ₹10 to ₹1 per share
  • Bonus issue: 1:2 bonus shares issued on 10th October, 2025 - 11,10,56,500 bonus shares of ₹1 each
  • Current paid-up capital: ₹33.32 crore comprising 33,31,69,500 equity shares of ₹1 each

Dividend

No dividend recommended for FY 2025-26 to conserve resources for future growth (previous year: Nil).

Board Composition and Changes

Current Directors (as of 26th August, 2026)

  • Mr. Chiragkumar Kiranbhai Prajapati - Managing Director & CFO (DIN: 11385719, appointed 22nd November, 2025)
  • Mr. Dinesh Hareshbhai Gohel - Non-Executive Director (DIN: 11061856, appointed 21st April, 2025)
  • Ms. Chetna - Independent Director (DIN: 08981045)
  • Ms. Neha Singhal - Independent Director (DIN: 11766064, appointed 12th August, 2026)

Director Changes During FY 2025-26

1. Mr. Pranav Kamleshkumar Trivedi changed from MD to Executive Director (21st April, 2025)

2. Mr. Dinesh Hareshbhai Gohel appointed as MD & CFO (21st April, 2025)

3. Mr. Pranav Trivedi changed from Executive to Non-Executive Director & Chairman (4th July, 2025)

4. Mr. Arun Thakor resigned as Non-Executive Director (4th July, 2025)

5. Mr. Dinesh Gohel changed from MD to Non-Executive Director (22nd November, 2025)

6. Mr. Chiragkumar Prajapati appointed as MD & CFO (22nd November, 2025)

7. Mr. Pranav Trivedi resigned as Non-Executive Director (6th January, 2026)

8. Mr. Parin Shirishkumar Bhavsar resigned as Independent Director (12th August, 2026)

9. Ms. Neha Singhal appointed as Independent Director (12th August, 2026)

Auditor Appointments

Statutory Auditor

  • M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W)
  • Appointed to fill casual vacancy caused by resignation of previous auditor V S S B & Associates
  • Proposed appointment for 5 years from FY 2026-27 to 2030-31
  • Audit fee: ₹2.68 lakhs for FY 2025-26

Secretarial Auditor

  • M/s. Jay Pandya & Associates, Company Secretaries (FRN: S2024GJ963300)
  • Appointed for 5 years from FY 2025-26 to 2029-30

Regulatory and Legal Matters

SEBI Adjudication Order

  • SEBI passed order on 31st October, 2025 regarding price and volume manipulation in Quasar India Limited scrip
  • Company has filed its reply and matter is under process
  • No financial impact quantified in the disclosure

Income Tax Notice

  • Company received income tax notice for which ultimate outcome cannot be presently determined
  • No provision made in financial statements for any potential liability
  • Matter under consideration with tax authorities

AGM Details

  • Date: 17th September, 2026 at 12:00 PM
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Record Date: 10th September, 2026
  • Business to be transacted:

1. Adoption of audited financial statements

2. Re-appointment of Mr. Dinesh Hareshbhai Gohel as director retiring by rotation

3. Appointment of M/s. M A A K & Associates as statutory auditors

4. Appointment of Ms. Neha Singhal as Independent Director

Shareholding Pattern

Distribution as on 31st March, 2026

  • 68.77% shareholders hold 1-500 shares (0.21% of total capital)
  • 3.19% shareholders hold >10,000 shares (98.13% of total capital)
  • 100% shares in dematerialized form

Category-wise Holding

  • Corporate Bodies: 91.38%
  • Public: 8.48%
  • HUF: 0.11%
  • NRI: 0.03%
  • Promoters: 0.00%

Key Financial Ratios

  • Current Ratio: 40.97 (prev. 63.39)
  • Debt-Equity Ratio: 0.06 (prev. 0.03)
  • Return on Equity: 4% (prev. 1%)
  • Inventory Turnover: 3.11 times (prev. 2.65 times)
  • Trade Receivables Turnover: 5.01 times (prev. 2.89 times)
  • Net Profit Margin: 5% (prev. 2%)

Internal Financial Controls

Company maintains adequate internal financial controls framework. No reportable material weaknesses observed during the year. Statutory auditors tested effectiveness of internal financial controls in accordance with ICAI standards.

Related Party Transactions

All related party transactions were conducted at arm's length basis in ordinary course of business. No materially significant related party transactions that may have potential conflict with company's interests.

Corporate Governance Compliance

Company has complied with corporate governance requirements under SEBI LODR Regulations 2015, except for:

  • Non-compliance with Regulation 47 regarding newspaper advertisement for financial results for year ended 31st March, 2025

Material Changes Post Financial Year

No material changes affecting financial position occurred between end of financial year (31st March, 2026) and date of report (26th August, 2026).