Meeting Details

The board meeting was held on July 24, 2026, at the corporate office (B1-305, Westgate Business Bay, SG Highway, Ahmedabad - 380 015) from 3:00 PM to 5:00 PM.

Financial Results Overview (Quarter Ended June 30, 2026)

Revenue & Income:

  • Revenue from Operations: ₹921.66 lakhs
  • Other Income: ₹0.00 lakhs
  • Total Income (Net): ₹921.66 lakhs

Expenses Breakdown:

  • Purchases of Stock-in-trade: ₹596.84 lakhs
  • Changes in inventories of Stock-in-Trade: ₹150.00 lakhs
  • Employee benefits expenses: ₹1.65 lakhs
  • Other Expenses: ₹19.91 lakhs
  • Total Expenses: ₹768.39 lakhs

Profitability:

  • Profit before tax: ₹153.27 lakhs
  • Tax Expenses: ₹33.53 lakhs (Current Tax: ₹39.94 lakhs, Tax of Earlier Years: -₹6.41 lakhs)
  • Net Profit for the period: ₹119.74 lakhs

Earnings Per Share:

  • Basic EPS: ₹0.07
  • Diluted EPS: ₹0.07

Comparative Performance

Quarter-over-Quarter (QoQ) Comparison (vs. March 31, 2026):

  • Revenue decreased 43.8% from ₹1,640.33 lakhs to ₹921.66 lakhs
  • Net Profit increased 36.2% from ₹87.89 lakhs to ₹119.74 lakhs

Year-over-Year (YoY) Comparison (vs. June 30, 2025):

  • Revenue increased 62.8% from ₹566.05 lakhs to ₹921.66 lakhs
  • Net Profit increased 99.7% from ₹59.97 lakhs to ₹119.74 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹1,601.50 lakhs (unchanged from previous periods)
  • Face Value per Equity Share: ₹1.00
  • No debt securities outstanding
  • Reserves as per previous balance sheet: ₹369.56 lakhs

Operational Highlights

  • The company operates solely in trading of agricultural products
  • No reportable segments as per Ind AS requirements
  • No discontinuing operations
  • No exceptional or extraordinary items

Auditor's Limited Review Report

SK Bhavsar & Co., Chartered Accountants (Firm No. 145880W) issued a limited review report with the following emphasis matters:

Pending Verifications:

  • Trade receivables, trade payables, and all loans and advances balances are pending comprehensive verification
  • Verification requires direct confirmations from external parties and reconciliation with internal ledger records

Compliance Observations:

  • The company does not have a GSTN registration
  • The company does not maintain a bank account in its own name
  • Revenue from goods sales requires specific GST-related verification

Audit Procedures:

  • Alternative procedures involved vouching sales and purchase invoices with supporting documents
  • Auditors concluded these matters do not impact their review opinion