Key Agenda Items and Decisions

The Board of Directors meeting commenced at 04:00 P.M. and concluded at 05:15 P.M. on May 30, 2026. The following agenda items were approved:

1. Approval of Audited Financial Results: The Board approved the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026, as recommended by the Audit Committee.

2. Re-appointment of Internal Auditors: The Board re-appointed M/s. PARM and Associates LLP, Chartered Accountants (Firm Reg. No. N500087), as the Internal Auditors of the Company for the Financial Year 2026-27. The term of appointment is for FY 2026-27, effective from the date of re-appointment, May 30, 2026. Their address is 701, Vikrant Tower No.4, Rajendra Place, New Delhi-110 008, and their field of experience includes Internal Audits, Inventory Audits, Branch Office Audits, and Fixed Assets Audit.

Detailed Financial Results (Standalone)

Profit & Loss Statement (₹ in Lakhs)

For the Quarter Ended March 31, 2026 (Audited)

  • Total Income: ₹5,356.41
  • Revenue from Operations: ₹5,275.97
  • Other Income: ₹80.44
  • Total Expenses: ₹5,278.52
  • Profit Before Tax (PBT): ₹77.89
  • Total Tax Expense: ₹(20.25) (Deferred tax credit)
  • Net Profit for the Period: ₹98.14
  • Other Comprehensive Income: ₹31.96
  • Total Comprehensive Income: ₹122.05

For the Financial Year Ended March 31, 2026 (Audited)

  • Total Income: ₹18,978.21
  • Revenue from Operations: ₹18,856.08
  • Other Income: ₹122.13
  • Total Expenses: ₹18,897.01
  • Profit Before Tax (PBT): ₹81.20
  • Total Tax Expense: ₹(19.29) (Deferred tax credit)
  • Net Profit for the Year: ₹100.49
  • Other Comprehensive Income: ₹34.83
  • Total Comprehensive Income for the Year: ₹126.55

Earnings Per Share (EPS)

  • Basic EPS (₹): 2.42 (FY26) vs. 1.88 (FY25)
  • Diluted EPS (₹): 2.42 (FY26) vs. 1.88 (FY25)

Balance Sheet Position as of March 31, 2026 (Audited) (₹ in Lakhs)

Total Assets: ₹12,949.82 (Previous Year: ₹12,887.29)

  • Non-Current Assets: ₹1,289.75 (Includes Property, Plant & Equipment: ₹874.83, Right-of-use assets: ₹112.47, Financial Assets: ₹145.34, Deferred Tax Assets: ₹16.18, Other Non-Current Assets: ₹90.00)
  • Current Assets: ₹7,733.35 (Includes Inventories: ₹2,977.99, Financial Assets: ₹3,253.00, Other Current Assets: ₹623.72)

Total Equity and Liabilities: ₹12,949.82

  • Equity: ₹5,172.87 (Equity Share Capital: ₹416.10, Other Equity: ₹4,756.77)
  • Non-Current Liabilities: ₹1,569.95 (Financial Liabilities: ₹1,467.07, Provisions: ₹102.88)
  • Current Liabilities: ₹6,207.00 (Financial Liabilities: ₹5,484.04, Other Current Liabilities: ₹101.67, Provisions: ₹101.67)

Segment Information (FY26 Audited) (₹ in Lakhs)

  • Segment Revenue: Manufactured Products (₹6,969.85), Stock in Trade (₹11,886.23)
  • Segment Results (PBT): Manufactured Products (₹(80.47)), Stock in Trade (₹598.36)
  • Capital Employed: Manufactured Products (₹4,591.27), Stock in Trade (₹6,161.28), Unallocated (₹(4,112.61))

Notes to Accounts and Qualifications

The financial results include several notes, as highlighted by the statutory auditors in their 'Emphasis of Matter':

  • Contingent Liabilities: Claims against the company not acknowledged as debts amount to ₹150.62 lakhs (Previous Year: ₹107.20 lakhs).
  • Provision for Bonus: A provision of ₹93.01 lakhs is made on an ad-hoc basis.
  • Accounting Policy Change: The company changed its policy for accounting warranty claims from accrual to cash basis, resulting in a reversal of a ₹36.61 lakh provision from earlier years.
  • Unconfirmed Balances: Other Non-Current Financial Assets include ₹28.63 lakhs with various shipping companies that remain unconfirmed. A supplier debit balance of ₹19.52 lakhs is also pending confirmation.
  • Trade Receivables/Payables: Confirmation was obtained for 74% of domestic trade receivables as of December 31, 2025, and for some trade payables as of February 28, 2026. Management certifies the veracity of the balances and adequacy of expected credit loss provisions.
  • Inventory: The valuation and quantity of inventory, particularly Work-in-Progress and stores, have been certified by management.
  • Other Current Assets: Include an advance against imports of ₹114.37 lakhs, considered recoverable.
  • Expenses: Other expenses include legal and professional expenses of ₹227.20 lakhs, certified by management as incurred for business purposes in the absence of agreements.
  • New Labour Codes: Management assessment indicates no significant financial impact from the new labour codes effective November 21, 2025.
  • Taxation: Provision made u/s 115BAA is subject to the final report u/s 44AB, with the due date of September 30, 2026. The actual liability may change.

Additional Regulatory Compliance

A separate declaration was submitted pursuant to Regulation 33(3)(d) of SEBI LODR, confirming that the statutory auditors have issued audit reports with an unmodified opinion.

The results will be published in newspapers as per Regulation 47(1)(b) of SEBI LODR.