Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Appointments

Audit Opinion: Clean (Unqualified)

The limited review report by J. T. Shah & Co. states: "nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial result... contains any material misstatement."

Key Financial Highlights [₹ in Lakh]

Standalone Results:

Quarter Ended June 30, 2026 (Current Quarter):

  • Revenue from Operations: ₹717.98 lakh
  • Total Income: ₹717.98 lakh
  • Total Expenses: ₹759.27 lakh
  • Profit before tax: (₹41.29) lakh (loss)
  • Net Profit: (₹49.70) lakh (loss)
  • EPS: (₹0.03) (Basic and Diluted)
  • Other Equity: ₹1,539.75 lakh
  • Paid up Equity Share Capital: ₹1,539.75 lakh (Face Value ₹1/- each)

Quarter Ended March 31, 2026 (Previous Quarter):

  • Revenue from Operations: ₹716.70 lakh
  • Total Income: ₹716.70 lakh
  • Total Expenses: ₹817.33 lakh
  • Profit before tax: (₹100.63) lakh (loss)
  • Net Profit: (₹106.26) lakh (loss)
  • EPS: (₹0.07) (Basic and Diluted)

Quarter Ended June 30, 2025 (Year-Ago Quarter):

  • Revenue from Operations: ₹636.79 lakh
  • Total Income: ₹636.79 lakh
  • Total Expenses: ₹671.28 lakh
  • Profit before tax: (₹34.49) lakh (loss)
  • Net Profit: (₹48.54) lakh (loss)
  • EPS: (₹0.03) (Basic and Diluted)

Financial Year Ended March 31, 2026 (Annual):

  • Revenue from Operations: ₹2,947.28 lakh
  • Total Income: ₹2,947.28 lakh
  • Total Expenses: ₹3,073.08 lakh
  • Profit before tax: (₹125.80) lakh (loss)
  • Net Profit: (₹139.46) lakh (loss)
  • EPS: (₹0.09) (Basic and Diluted)

Expense Breakdown (Quarter Ended June 30, 2026):

  • Cost of materials consumed: ₹351.78 lakh
  • Purchases of stock-in-trade: ₹Nil
  • Changes in inventories of finished goods: ₹Nil
  • Employee benefits expenses: ₹129.33 lakh
  • Finance Costs: ₹53.71 lakh
  • Depreciation and amortization expense: ₹114.62 lakh
  • Other Expenses: ₹229.83 lakh

Financial Performance Analysis:

The company reported continued operational losses across all reported periods. Revenue increased marginally from previous quarter (₹716.70 lakh to ₹717.98 lakh) but showed improvement compared to year-ago quarter (₹636.79 lakh to ₹717.98 lakh). Losses narrowed from previous quarter (₹106.26 lakh to ₹49.70 lakh) but widened compared to year-ago quarter (₹48.54 lakh to ₹49.70 lakh).

Segment-wise Performance:

There are no separate reportable segments as per IND-AS 108 on "Operating Segments" in respect of the Company.

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital structure changes were declared.

Director Appointments:

  • Re-appointment of Mr. Suchit Kandarp Amin (DIN: 05334794) as an Independent Director for second term of 5 years effective August 13, 2026, subject to shareholder approval.
  • Mr. Amin holds B.Pharm in Organic Chemistry in Botanics and has nil shareholding in the company.
  • Affirmed that he is not debarred from holding director office by any order of SEBI or other authority.

Auditor Changes:

  • Resignation of M/s. SJV & Associates, Practising Company Secretaries as Secretarial Auditor effective August 13, 2026 due to expiry of Peer Review Certificate.
  • Appointment of M/s. Nisarg Sharma & Associates, Practising Company Secretaries as replacement Secretarial Auditor:
  • For financial year 2025-26 (casual vacancy) effective August 13, 2026, subject to shareholder approval
  • For period of 5 years from FY2026-27 to FY2030-31, subject to shareholder approval
  • M/s. Nisarg Sharma & Associates is a Peer Reviewed firm holding Peer Review Certificate No. 3941/2023 issued by ICSI.

Statutory Auditor:

  • J. T. Shah & Co., Chartered Accountants provided limited review report on the unaudited financial results.

Other Significant Information:

  • The company's registered address: 4/A, Ketan Society, Nr Sardar Patel Colony, Naranpura, Ahmedabad - 380014
  • CIN Number: L55101GJ2010PLC061983
  • The Board meeting commenced at 3:30 PM and concluded at 4:15 PM on August 13, 2026
  • All appointments and resignations are subject to applicable SEBI regulations and master circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026