Board Meeting Details

The Board of Directors meeting was held on Wednesday, 27th May, 2026. The meeting commenced at 4:00 PM and concluded at 5:30 PM.

Financial Results Approval

The Board adopted and approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2026.

Standalone Financial Performance (FY 2026)

Income Statement:

  • Revenue from operations: ₹6,336.81 lakhs
  • Total income: ₹6,336.81 lakhs
  • Total expenses: ₹6,108.62 lakhs
  • Profit before exceptional items and tax: ₹228.19 lakhs
  • Exceptional items: None
  • Profit before tax: ₹228.19 lakhs
  • Tax expense: ₹7.67 lakhs (current tax)
  • Profit from continuing operations: ₹220.52 lakhs
  • Loss from discontinued operation: ₹1,134.62 lakhs (before tax: ₹1,141.73 lakhs, tax credit: ₹7.11 lakhs)
  • Net loss for the year: ₹914.10 lakhs
  • Other comprehensive income: ₹10.91 lakhs
  • Total comprehensive income: ₹(903.19) lakhs

Earnings Per Share (Standalone):

  • Continuing operations - Basic EPS: ₹2.03, Diluted EPS: ₹2.03
  • Discontinued operations - Basic EPS: ₹(10.46), Diluted EPS: ₹(10.46)
  • Total operations - Basic EPS: ₹(8.43), Diluted EPS: ₹(8.43)

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

  • Total assets: ₹7,195.68 lakhs
  • Non-current assets: ₹3,939.71 lakhs (including Property, plant and equipment: ₹3,585.60 lakhs)
  • Current assets: ₹3,255.97 lakhs (including Inventories: ₹814.02 lakhs, Trade receivables: ₹1,505.08 lakhs)
  • Equity share capital: ₹1,085.11 lakhs
  • Other equity: ₹(503.72) lakhs
  • Total equity: ₹581.39 lakhs
  • Non-current liabilities: ₹814.02 lakhs
  • Current liabilities: ₹5,800.27 lakhs (including Borrowings: ₹3,450.28 lakhs)

Cash Flow (Standalone FY 2026):

  • Net cash from operating activities: ₹64.48 lakhs
  • Net cash used in investing activities: ₹(974.68) lakhs
  • Net cash from financing activities: ₹943.74 lakhs
  • Net increase in cash: ₹33.54 lakhs
  • Cash and cash equivalents at end: ₹53.93 lakhs

Consolidated Financial Performance (FY 2026)

Income Statement:

  • Revenue from operations: ₹6,421.25 lakhs
  • Profit before tax - Continuing operations: ₹(98.55) lakhs
  • Loss from discontinued operation: ₹1,134.62 lakhs
  • Net loss for the year: ₹1,240.84 lakhs
  • Total comprehensive income: ₹(1,229.61) lakhs

Earnings Per Share (Consolidated):

  • Continuing operations - Basic EPS: ₹(0.98), Diluted EPS: ₹(0.98)
  • Discontinued operations - Basic EPS: ₹(10.46), Diluted EPS: ₹(10.46)
  • Total operations - Basic EPS: ₹(11.44), Diluted EPS: ₹(11.44)

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

  • Total assets: ₹6,845.11 lakhs
  • Total equity: ₹230.55 lakhs (Equity share capital: ₹1,085.11 lakhs, Other equity: ₹(854.56) lakhs)
  • Total liabilities: ₹6,614.56 lakhs

Discontinued Operations

The Hard ferrite and Soft ferrite business operations are classified as discontinued operations. The process of closure of hard ferrite division located at Ambad, Nashik has been completed in all aspects.

Segment Information

The company operates in the Textile segment with FY26 revenue of ₹6,186.74 lakhs from continuing operations. Discontinued operations (ferrite businesses) contributed revenue of ₹234.51 lakhs in FY26.

Subsidiary and Joint Venture

Consolidated results include:

  • Subsidiary: DML Ferrites Private Limited
  • Joint Venture: MMG Ferrites Private Limited (which contributed a loss of ₹326.54 lakhs for FY26)