Key Quantitative Figures (Standalone - FY26)

  • Revenue from Operations: ₹5,537.02 lakhs
  • Total Income: ₹5,591.80 lakhs
  • Total Expenses: ₹5,268.47 lakhs
  • Profit Before Tax: ₹323.33 lakhs
  • Total Tax Expense: ₹81.97 lakhs
  • Net Profit for the year: ₹241.36 lakhs
  • Other Comprehensive Income (net of tax): ₹11.06 lakhs
  • Total Comprehensive Income: ₹252.41 lakhs
  • Paid-up Equity Share Capital: ₹657.00 lakhs (Face value ₹10/- each)
  • Other Equity: ₹2,036.16 lakhs
  • Basic EPS: ₹3.67
  • Diluted EPS: ₹3.01

Key Quantitative Figures (Standalone - Q4 FY26)

  • Revenue from Operations: ₹2,190.67 lakhs
  • Total Income: ₹2,207.16 lakhs
  • Total Expenses: ₹2,043.14 lakhs
  • Profit Before Tax: ₹164.02 lakhs
  • Total Tax Expense: ₹45.64 lakhs
  • Net Profit for the quarter: ₹118.38 lakhs
  • Other Comprehensive Income (net of tax): ₹2.54 lakhs
  • Total Comprehensive Income: ₹120.91 lakhs
  • Basic EPS: ₹1.80
  • Diluted EPS: ₹1.48

Key Quantitative Figures (Consolidated - FY26)

  • Revenue from Operations: ₹5,537.02 lakhs
  • Total Income: ₹5,591.80 lakhs
  • Total Expenses: ₹5,268.47 lakhs
  • Profit Before Tax & Share of Associate: ₹323.33 lakhs
  • Share of Loss of Associate (net of tax): ₹(0.22) lakhs
  • Profit Before Tax: ₹323.11 lakhs
  • Total Tax Expense: ₹81.97 lakhs
  • Net Profit for the year: ₹241.14 lakhs
  • Other Comprehensive Income (net of tax): ₹11.06 lakhs
  • Total Comprehensive Income: ₹252.20 lakhs
  • Paid-up Equity Share Capital: ₹657.00 lakhs
  • Other Equity: ₹2,014.42 lakhs
  • Basic EPS: ₹3.67
  • Diluted EPS: ₹3.01

Key Quantitative Figures (Consolidated - Q4 FY26)

  • Revenue from Operations: ₹2,190.67 lakhs
  • Total Income: ₹2,207.16 lakhs
  • Total Expenses: ₹2,043.14 lakhs
  • Profit Before Tax & Share of Associate: ₹164.02 lakhs
  • Share of Profit of Associate (net of tax): ₹0.01 lakhs
  • Profit Before Tax: ₹164.03 lakhs
  • Total Tax Expense: ₹45.64 lakhs
  • Net Profit for the quarter: ₹118.39 lakhs
  • Other Comprehensive Income (net of tax): ₹2.54 lakhs
  • Total Comprehensive Income: ₹120.93 lakhs
  • Basic EPS: ₹1.80
  • Diluted EPS: ₹1.48

Balance Sheet Highlights (Standalone as at March 31, 2026)

  • Total Assets: ₹5,951.76 lakhs
  • Non-Current Assets: ₹1,094.90 lakhs
  • Current Assets: ₹4,856.87 lakhs (including Inventories ₹618.18 lakhs, Trade Receivables ₹3,653.48 lakhs)
  • Total Equity: ₹2,693.16 lakhs
  • Non-Current Liabilities: ₹348.58 lakhs
  • Current Liabilities: ₹2,910.03 lakhs (including Short-term Borrowings ₹1,845.07 lakhs, Trade Payables ₹710.99 lakhs)

Balance Sheet Highlights (Consolidated as at March 31, 2026)

  • Total Assets: ₹5,930.02 lakhs
  • Non-Current Assets: ₹1,073.16 lakhs
  • Current Assets: ₹4,856.87 lakhs (including Inventories ₹618.18 lakhs, Trade Receivables ₹3,653.48 lakhs)
  • Total Equity: ₹2,671.42 lakhs
  • Non-Current Liabilities: ₹348.58 lakhs
  • Current Liabilities: ₹2,910.03 lakhs

Cash Flow Highlights (Standalone FY26)

  • Net Cash from Operating Activities: ₹(122.78) lakhs
  • Net Cash from Investing Activities: ₹185.15 lakhs
  • Net Cash from Financing Activities: ₹(49.32) lakhs
  • Net Increase in Cash: ₹13.05 lakhs
  • Cash and Cash Equivalents at year-end: ₹13.86 lakhs

Audit Opinion

Qualified Opinion issued by V.R. BANSAL & ASSOCIATES, Chartered Accountants, on both Standalone and Consolidated results.

Basis for Qualified Opinion (Standalone)

1. Property, Plant and Equipment (PPE) register not produced for verification. Company is in the process of updating and reconciling it. Depreciation provided on management-certified figures.

2. Balances under Trade Receivables and Trade Payables are subject to confirmations and adjustments.

3. Financial Assets and Liabilities (Trade Receivables and long-term borrowings from IFE Cranex Elevators and Escalators India Private Limited) not measured at fair value as required by Ind AS-109. Impairment provisions not measured using Expected Credit Loss (ECL) method.

4. Inventory register not produced for verification. Inventory value provided on management-certified figures.

Basis for Qualified Opinion (Consolidated)

Includes all points from Standalone opinion, plus:

5. Parent company entered a Joint Venture agreement with M/s Shree Construction on 23/09/2021, forming M/s Shree-Cranex (JV). The parent has not applied the Equity method of accounting for this investment, not complying with Ind AS 28.

Management's Response on Audit Qualifications (from Statement on Impact)

Management provided estimations in Annexure I:

  • PPE Register: Impact cannot be quantified; company is updating and reconciling the register.
  • Trade Receivables/Payables: Impact not ascertainable; company is obtaining confirmations.
  • Ind AS-109 Non-compliance: No expected change in borrowings from IFE Cranex; no Expected Credit Loss (ECL).
  • Inventory Register: Impact cannot be determined; company is updating and verifying records.
  • JV Accounting: The qualification regarding the Joint Venture (Shree-Cranex) is included in the consolidated audit opinion.

Other Details

  • Board Meeting Timing: Commenced at 3:00 PM and concluded at 4:30 PM on May 29, 2026.
  • Diluted EPS Calculation: Includes the effect of conversion of 22,10,000 warrants into equity shares.
  • Segment Information: Company operates in one reportable segment - manufacturing of EOT cranes and installation of escalators, primarily in India.
  • Frequency of Qualifications: The audit qualifications are stated to be repetitive.
  • Regulatory Reference: Prepared pursuant to Regulation 33 of SEBI LODR Regulations.