Key Quantitative Figures

Financial Performance (All figures in ₹ lakhs)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹1,186.31
  • Total Income: ₹1,217.03
  • Profit Before Tax: ₹215.38
  • Net Profit After Tax: ₹75.24
  • Basic EPS: ₹1.32 (face value ₹10 each)

Financial Year Ended March 31, 2026:

  • Revenue from operations: ₹4,931.03 (vs ₹3,698.16 in FY25)
  • Total Income: ₹5,071.26 (vs ₹3,856.37 in FY25)
  • Profit Before Tax: ₹750.16 (vs ₹472.70 in FY25)
  • Net Profit After Tax: ₹533.40 (vs ₹309.90 in FY25)
  • Basic EPS: ₹9.36 (vs ₹5.44 in FY25)

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹4,742.89 lakhs
  • Equity Share Capital: ₹1,108.78 lakhs
  • Total Equity: ₹4,210.45 lakhs
  • Cash and cash equivalents: ₹654.40 lakhs
  • Inventories: ₹916.84 lakhs
  • Trade Receivables: ₹945.60 lakhs

Tax Expenses (FY2026)

  • Current Tax: ₹125.22 lakhs
  • MAT Credit Entitlement: ₹85.39 lakhs
  • Deferred Tax: ₹6.15 lakhs

Dates of Action

  • Board Meeting Date: May 29, 2026 (commenced at 2:00 PM, concluded at 3:20 PM)
  • Financial Period: Quarter and year ended March 31, 2026
  • Internal Auditor Reappointment: Effective for financial year 2026-2027

Parties Involved

  • Statutory Auditors: Karia & Shah Chartered Accountants (Firm Regn No 112203W)
  • Internal Auditors: R.S. Bindra & Co. (Proprietor: Mr. R.S. Bindra, Membership No. 49684)
  • Board Members: Samir Choksi (Managing Director), Jay Choksi (Whole time Director & CFO)
  • Regulatory Authority: Commissioner of Customs (in dispute matter)

Financial and Operational Impact

Contingent Liability

Company has contingent liability of ₹15.74 crore for Special Additional Duty (SAD) and penalty, plus ₹75 lakh penalty on executives/directors, as per order by Commissioner of Customs. Company has filed appeal before Honorable Tribunal of Customs expecting favorable outcome based on legal advisory opinion.

Tax Regime Change

Company opted for new tax regime under Section 115BAA of Income-tax Act from financial year 2026-27, resulting in deferred tax recognition at substantially enacted rate as at March 31, 2026.

Labour Code Impact

Impact of four Labour Codes notified on November 21, 2025, has been accounted for in financial results based on internal management assessment and ICAI guidance.

Capital Structure Impact

  • Paid-up Equity Share Capital: ₹57.01 lakhs (face value ₹10 each, fully paid up)
  • No change in share capital during the period
  • Basic and diluted EPS increased to ₹9.36 from ₹5.44 YoY

Cash Flow Implications

  • Net cash flow from operating activities: ₹74.06 lakhs
  • Net cash flow from investing activities: ₹8.21 lakhs
  • Net cash flow from financing activities: ₹-344.70 lakhs (primarily repayment of long-term borrowings)
  • Net decrease in cash and cash equivalents: ₹-262.43 lakhs

Governance Actions

  • Reappointment of R.S. Bindra & Co. as internal auditors for FY2026-27
  • Audit Committee and Board approved financial results on May 29, 2026
  • Statutory auditors issued unmodified opinion on financial results

Segment Information

Company operates in single reportable segment - Non-Destructive Testing Industry - as per Ind AS 108.