Key Financial Figures

Standalone Financial Results (Year ended March 31, 2026):

  • Revenue from Operations: ₹22,081.81 lakhs
  • Other Income: ₹149.12 lakhs
  • Total Revenue: ₹22,230.93 lakhs
  • Total Expenses: ₹19,877.45 lakhs
  • Profit Before Tax: ₹2,320.18 lakhs
  • Tax Expense: ₹883.40 lakhs (Current Tax: ₹478.75 lakhs, Deferred Tax: ₹404.65 lakhs)
  • Profit for the Year: ₹1,436.78 lakhs
  • Basic EPS: ₹7.48 (non-annualized)
  • Diluted EPS: ₹7.48 (non-annualized)

Consolidated Financial Results (Year ended March 31, 2026):

  • Revenue from Operations: ₹22,081.81 lakhs
  • Other Income: ₹149.12 lakhs
  • Total Revenue: ₹22,230.93 lakhs
  • Total Expenses: ₹19,881.13 lakhs
  • Profit Before Tax: ₹2,316.50 lakhs
  • Tax Expense: ₹882.47 lakhs (Current Tax: ₹477.82 lakhs, Deferred Tax: ₹404.65 lakhs)
  • Profit for the Year: ₹1,434.03 lakhs
  • Basic EPS: ₹7.46 (non-annualized)
  • Diluted EPS: ₹7.46 (non-annualized)

Balance Sheet Highlights (Standalone as of March 31, 2026):

  • Total Equity: ₹9,396.69 lakhs
  • Non-current Liabilities: ₹958.21 lakhs
  • Current Liabilities: ₹6,875.23 lakhs
  • Total Assets: ₹19,463.30 lakhs
  • Current Assets: ₹14,952.42 lakhs
  • Non-current Assets: ₹4,510.88 lakhs

IPO Details and Utilization

The company completed its Initial Public Offering (IPO) on October 7, 2025, with listing on BSE SME Platform (BSE Emerge).

  • IPO Size: 59,06,400 equity shares
  • Face Value: ₹10 per share
  • Issue Price: ₹100 per share
  • Gross Proceeds: ₹5,906.40 lakhs

IPO Proceeds Utilization as of March 31, 2026:

| Particulars | Proposed Utilization | Utilized Amount | Unutilized Amount |

| Capital Expenditure | ₹1,067.75 lakhs | ₹403.55 lakhs | ₹664.20 lakhs |

| Marketing Expenditure | ₹1,500.00 lakhs | ₹334.93 lakhs | ₹1,165.07 lakhs |

| Working Capital Requirements | ₹2,500.00 lakhs | ₹2,483.26 lakhs | ₹16.74 lakhs |

| General Corporate Purpose | ₹217.78 lakhs | ₹212.14 lakhs | ₹5.64 lakhs |

| Issue Expenses | ₹620.87 lakhs | ₹613.77 lakhs | ₹7.10 lakhs |

| Total | ₹5,906.40 lakhs | ₹4,047.65 lakhs | ₹1,858.75 lakhs |

Auditor's Report Findings

KRA & Co., Chartered Accountants (Firm Registration No.: 020266N) issued an unmodified opinion on both standalone and consolidated financial statements. Key audit matters included utilization of IPO proceeds.

Key Observations from Annexure A (CARO 2020):

1. Loans and Investments:

  • Investments in subsidiary: ₹25.69 lakhs
  • Loans to Avyom Foodtech Pvt Ltd: ₹58.59 lakhs
  • Loans to IEY Educations Private Limited: ₹407.98 lakhs

2. Non-compliance with Section 185: Company granted unsecured advances/loans of ₹47.33 lakhs to Mr. Deepanshu Manchanda (Managing Director) in violation of Section 185 of Companies Act, 2013.

3. TDS Default: Company has not deposited Tax Deducted at Source of ₹28.27 lakhs related to AY 2024-25, outstanding for more than six months.

4. Working Capital Limits: Company has been sanctioned working capital limits in excess of ₹25 crores from banks and financial institutions.

Dates and Approvals

  • Board Meeting Date: May 27, 2026
  • Auditor's Report Date: May 27, 2026
  • IPO Listing Date: October 7, 2025
  • Financial Year End: March 31, 2026

Management and Signatories

  • Managing Director: Deepanshu Manchanda (DIN: 07108044)
  • Chief Financial Officer: Saurabh Gandhi (PAN: DFZPS2036P)
  • Company Secretary: Priya Aggarwal (DIN: 09679895) and Kaur (PAN: BXZPG0519F)
  • Auditor: KRA & Co., Chartered Accountants (Gunjan Arora, Partner, Membership No.: 529042)

Additional Information

  • Company CIN: L52203DL2015PLC280514
  • Correspondence Address: H-1/208, Garg Tower, Netaji Subhash Place, Pitampura, New Delhi - 110034
  • No dividend declared or paid during the year
  • No material fraud reported by auditors
  • Company has adequate internal financial controls as per auditor's opinion