Key Quantitative Figures

Standalone Financial Performance (₹ in lakhs):

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹15,963.62
  • Net Profit: ₹35.74
  • EPS Basic: ₹0.13
  • EPS Diluted: ₹0.12

Year Ended March 31, 2026:

  • Revenue from Operations: ₹42,252.75
  • Net Profit: ₹71.43
  • EPS Basic: ₹0.26
  • EPS Diluted: ₹0.24
  • Paid-up Equity Capital: ₹2,798.59 (Face Value ₹10 each)

Consolidated Financial Performance (₹ in lakhs):

Year Ended March 31, 2026:

  • Revenue from Operations: ₹2,28,100.52
  • Net Profit: ₹22,253.00
  • EPS Basic: ₹31.57
  • EPS Diluted: ₹35.57

Dates of Action

  • Board Meeting Date: May 25, 2026 (3:00 PM to 9:00 PM)
  • Financial Period: Quarter and Year ended March 31, 2026
  • Audit Report Date: May 25, 2026

Parties Involved

  • Statutory Auditors: P.G. Joshi & Co. LLP
  • Stock Exchange: BSE Limited
  • Subsidiaries: 8 subsidiaries as detailed in explanatory notes

Financial Impact

Standalone Balance Sheet (₹ in lakhs) as at March 31, 2026:

  • Total Assets: ₹57,995.02 (Previous year: ₹52,697.18)
  • Total Equity: ₹9,350.35 (Previous year: ₹9,165.34)
  • Total Liabilities: ₹48,644.67 (Previous year: ₹43,531.84)
  • Inventory: ₹17,046.91
  • Trade Receivables: ₹7,871.87
  • Borrowings: ₹12,042.73 (Current ₹10,335.58 + Non-current ₹1,707.15)

Segment-wise Revenue (Standalone) for FY26:

  • Agro Division: ₹25,639.92 lakhs
  • Healthcare Division: ₹12,826.56 lakhs
  • Infrastructure Division: ₹3,008.57 lakhs

Statutory Dues Payable as on March 31, 2026 (₹ in lakhs):

  • Provident Fund: ₹190.99
  • ESIC: ₹0.44
  • Professional Tax: ₹1.20
  • Other statutory dues: ₹40.00

Auditor's Emphasis Matters

The statutory auditors issued an unmodified opinion but highlighted several emphasis matters:

1. Investment in unquoted equity instruments carried at cost without fair valuation

2. Substantial write-back of non-current borrowings and trade payables recognized as other income

3. Trade receivables and payables balances subject to reconciliation and confirmation

4. Inventories valued at cost/NRV without provision for obsolescence

5. Revenue recognition based on intimation of approval from contracting parties

6. No provision for expected credit losses on current receivables

7. NCLT approved resolution plan for M/S Shubhada Tool Industries Private Limited (not consolidated)

Capital Structure Impact

No change in paid-up equity share capital during the year. Remaind constant at ₹2,798.59 lakhs.

Cash Flow Implications

Standalone Cash Flows (₹ in lakhs) for FY26:

  • Net cash from operating activities: ₹2,674.15
  • Net cash used in investing activities: ₹980.13
  • Net cash used in financing activities: ₹(3,888.38)
  • Net decrease in cash: ₹(234.10)

Forward-looking Information

  • New Labour Codes enacted on November 21, 2025 assessed as having no material financial impact
  • Implementation of required changes compliance with New Labour Codes effective from April 1, 2026
  • No dividend declared for the year

Subsidiary Information

The consolidated financial statements include 8 subsidiaries:

1. CIAN Agro LLC Limited (Wholly owned)

2. Manas Power Ventures Private Limited (Wholly owned)

3. Ideal Energy Projects Limited (Wholly owned step-down subsidiary)

4. Avenzer Electricals and Infrastructure Private Limited (Wholly owned)

5. Manas Agro Industries & Infrastructure Limited (Step-down subsidiary)

6. Varron Aluminium Private Limited (Wholly owned)

7. Sec One Sales and Marketing Private Limited (Wholly owned)

8. Vyankatesh Engineers and Contractors Private Limited (Wholly owned)