Board Meeting Details
The Board of Directors meeting was held on May 25, 2026, commencing at 04:00 PM and concluding at 05:45 PM. The Audit Committee reviewed the financial results prior to board approval.
Financial Results Approval
The Board approved the Audited Financial Results of the Company for the Quarter and Year ended March 31, 2026. The results were accompanied by an auditor's report with unmodified opinion.
Management Appointment
The Board reappointed Dr. Himalyani Gupta (DIN: 00607140) as Non-Executive Independent Director for a second term of 5 consecutive years effective from May 12, 2027 to May 11, 2032. The reappointment was based on recommendations of the Nomination and Remuneration Committee and is subject to shareholder approval. Dr. Gupta is not debarred from holding director office by any SEBI or other authority order.
Director Profile
Dr. Himalyani Gupta is a Senior Founding Partner at UHV International Partners, a Delhi-based law firm established in 2001. She has been practicing law since 1991 and has served as Standing Counsel for Union of India in the Supreme Court. Her firm has handled over 15,000 litigations across India, including cases of national importance that led to landmark judgments. She is on the recommended lawyer list for the Embassy of Argentina in India.
Financial Position (₹ Lakhs)
Assets as at March 31, 2026:
- Total Assets: 11,598 (vs 11,773 in FY2025)
- Non-current assets: 6,756 (Property, Plant and Equipment: 6,522; Capital work-in-progress: 58; Right of Use Assets: 60; Investments: 32; Other Financial Assets: 84)
- Current assets: 4,842 (Inventories: 1,342; Trade receivables: 2,121; Cash and cash equivalents: 22; Bank balance other than cash: 609; Other Current Financial Assets: 17; Income Tax Assets: 9; Other Current Assets: 562)
Equity and Liabilities as at March 31, 2026:
- Shareholder's funds: 2,313 (Equity Share Capital: 1,203; Other Equity: 1,110)
- Non-current liabilities: 1,710 (Borrowings: 1,366; Lease liabilities: 43; Provisions: 185; Deferred Tax Liabilities: 15; Other Non Current Liabilities: 1)
- Current liabilities: 7,575 (Borrowings: 5,504; Lease liabilities: 20; Trade payables: Micro/SME enterprises: 2; Other than micro/SME enterprises: 1,139; Provisions: 95; Other current liabilities: 794; Current Tax Liabilities: -)
Financial Performance
Year Ended March 31, 2026:
- Net Loss before Tax: ₹(203) lakhs (improved from ₹(621) lakhs loss in FY2025)
- Depreciation and amortisation: ₹457 lakhs
- Interest paid: ₹563 lakhs
- Operating profit before working capital changes: ₹816 lakhs
Cash Flow Statement (₹ Lakhs)
Year Ended March 31, 2026:
- Net Cash flow from operating activities: ₹1,195
- Net Cash flow from investing activities: ₹(382)
- Net Cash flow from financing activities: ₹(838)
- Net decrease in Cash and Cash Equivalents: ₹(25)
- Cash and cash equivalents at beginning: ₹47
- Cash and cash equivalents at end: ₹22
Important Notes
1. Financial results prepared in accordance with Indian Accounting Standards (Ind-AS)
2. Interest on promoter's unsecured loan conditionally waived: ₹144 lakhs for period 01.07.2024 to 31.03.2025 and ₹88 lakhs for period 01.10.2025 to 31.03.2026, with right to recompense if company's financial position allows payment subsequently
3. Exceptional item of ₹25 lakhs recognized for quarter ended December 2026 and year ended March 2026 represents one-time increase in past period employee benefit liability under New Labour Codes effective from November 21, 2025
4. Figures for quarter ended March 2026 are balancing figures between audited full year and published year-to-date figures up to third quarter
5. Previous period figures have been regrouped or rearranged where required