Key Business Items Approved

1. Audited Financial Results Approval

The Board approved the Audited Financial Results for the half year and year ended March 31, 2026, and took on record the auditors' report for the financial year ended March 31, 2026.

2. Internal Auditor Appointment

The Board approved the reappointment of M/s. P B S K and Associates, Practicing Chartered Accountants (Firm Regn. No.: 017838S) as Internal Auditors of the Company for the Financial Year 2026-27.

Financial Results Summary

Income Statement Highlights (Amount in ₹ Lakhs)

For Year Ended March 31, 2026:

  • Revenue from operations: ₹7,743.14
  • Other income: ₹83.77
  • Total Income: ₹7,826.91
  • Profit before tax: ₹1,375.72
  • Tax expense: ₹332.76 (Current tax: ₹352.53, Deferred tax: ₹(20.17), Prior Period Taxes: ₹0.40)
  • Profit for the year: ₹1,042.97
  • Earnings per equity share (Basic and Diluted): ₹4.45 (Face value per equity share: ₹2)

For Half Year Ended March 31, 2026:

  • Revenue from operations: ₹5,925.41
  • Other income: ₹73.44
  • Total Income: ₹5,998.84
  • Profit before tax: ₹1,130.53
  • Profit for the period: ₹852.87
  • Earnings per equity share (Basic and Diluted): ₹6.95

Comparative Figures (Year Ended March 31, 2025):

  • Revenue from operations: ₹7,205.98
  • Other income: ₹13.35
  • Total Income: ₹7,219.33
  • Profit before tax: ₹1,052.95
  • Profit for the year: ₹779.34
  • Earnings per equity share (Basic and Diluted): ₹3.74

Balance Sheet Position as at March 31, 2026 (₹ Lakhs)

Equity and Liabilities:

  • Shareholder's funds: ₹10,808.74 (Share capital: ₹579.02, Reserves and surplus: ₹10,229.72)
  • Non-current liabilities: ₹255.30
  • Current liabilities: ₹2,600.84
  • Total EQUITY and LIABILITIES: ₹13,664.89

Assets:

  • Non-current assets: ₹4,675.46
  • Current assets: ₹8,989.43
  • Total ASSETS: ₹13,664.89

Cash Flow Statement for Year Ended March 31, 2026 (₹ Lakhs)

  • Cash flow from operating activities: ₹1,263.09
  • Cash flow used in investing activities: ₹(6,566.57)
  • Cash flow from financing activities: ₹5,337.93
  • Net increase in cash & cash equivalents: ₹34.45
  • Cash and cash equivalents at end of period: ₹35.39

IPO and Capital Structure Details

The company completed an initial public offering (IPO) of 66,98,400 Equity Shares of face value of ₹2 each fully paid up for cash at a price of ₹104 per equity share (including share premium of ₹102 per equity share) aggregating to ₹6,966.34 lakhs. The equity shares were allotted on January 27, 2026, and listed on BSE SME Platform on January 28, 2026.

Utilization of IPO Funds as at March 31, 2026 (₹ Lakhs)

1. Capital expenditure towards setting up of Proposed New Facility: ₹5,168.02 allocated, ₹35.00 utilized, ₹5,133.02 pending

2. Pre-payment/repayment of outstanding borrowings: ₹800.00 allocated, ₹800.00 utilized, ₹0 pending

3. General Corporate Purposes: ₹417.50 allocated, ₹309.59 utilized, ₹107.91 pending

4. Issue Expenses: ₹580.81 allocated, ₹605.00 utilized, ₹(24.19) pending

Internal Auditor Appointment Details

  • Audit firm: M/s. P B S K and Associates
  • Reason: Reappointment of Internal Auditors
  • Date of Appointment: May 30, 2026 for Financial Year 2026-27
  • Brief Profile: The firm has experience in conducting Statutory Audits and Internal Audits, Taxation, and is empanelled with Indian Banks' Association (IBA) for conducting Agency for specialized monitoring (ASM) assignments
  • Relationships: Not related to any Director of the Company

Audit Committee and Statutory Auditor Details

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 30, 2026. The Statutory Auditors, M/s. B. Srinivasa Rao & Co, Chartered Accountants (FRN: 008763S), have issued an unmodified opinion on the financial statements.

Meeting Details

The Board meeting commenced at 4:00 PM (IST) and concluded at 4:30 PM (IST) on May 30, 2026.

Additional Notes

  • These are the first financial results reported post-listing on BSE SME Platform
  • H2 FY 2025 numbers are not available as these are the first financials getting reported post-IPO
  • The company has only one reportable business segment
  • Previous year's figures have been regrouped/reclassified/restated where necessary
  • Earnings Per Share is calculated on the weighted average of the share capital received by the company