Financial Performance (₹ in Lakhs)
Revenue from Operations: ₹3,317.68 (FY25: ₹3,036.96) - increase of 9.26%
Other Income: ₹0.95 (FY25: ₹1.53)
Profit Before Depreciation & Tax: ₹115.26 (FY25: ₹82.02)
Depreciation: ₹75.81 (FY25: ₹60.26)
Profit Before Exceptional Items & Taxes: ₹39.45 (FY25: ₹21.76)
Exceptional Items: ₹37.94 (FY25: nil)
Profit Before Taxes: ₹1.51 (FY25: ₹21.76) - decrease of 92.95%
Tax Expense:
- Current Tax: ₹0.71 (FY25: ₹0.66)
- Deferred Tax: ₹(1.30) credit (FY25: ₹1.36 charge)
- Short/Excess provision: ₹0.58 (FY25: nil)
Profit After Tax: ₹1.52 (FY25: ₹19.74) - decrease of 92.30%
Other Comprehensive Income: ₹29.91 (FY25: ₹8.02)
Total Comprehensive Income: ₹31.43 (FY25: ₹27.76)
Key Financial Position (as at March 31, 2026)
Equity Share Capital: ₹482.65 lakhs (unchanged from FY25)
Reserves and Surplus: ₹430.83 lakhs (FY25: ₹399.42 lakhs)
Borrowings: ₹746.72 lakhs (FY25: ₹580.13 lakhs) - increase of 28.71%
Net Fixed Assets: ₹343.76 lakhs (FY25: ₹317.47 lakhs)
Net Current Assets: ₹699.14 lakhs (FY25: ₹684.94 lakhs)
Inventories: ₹911.41 lakhs (FY25: ₹757.29 lakhs) - increase of 20.35%
Trade Receivables: ₹527.73 lakhs (FY25: ₹435.12 lakhs) - increase of 21.28%
Dividend Recommendation
No dividend recommended for FY 2025-26 to conserve resources.
Annual General Meeting Details
Date: September 28, 2026
Time: 11:00 AM
Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
Business to be transacted:
1. Adoption of audited financial statements for FY 2025-26
2. Re-appointment of Shri R.M. Premkumar (DIN: 00328942) as Director
3. Re-appointment of Shri Gautam Doshi (DIN: 00328854) as Director
4. Appointment of Mr. Jayesh Khimji Rambhia (DIN: 02049473) as Independent Director for second term from August 6, 2026 to August 5, 2031
E-voting Information
Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
Cut-off date: September 21, 2026
E-voting service provider: CDSL
Scrutinizers: Ms. Sarvari Shah or Mr. Mitesh Dhabliwala of Parikh & Associates
Board of Directors
Non-Executive Directors: R.M. Premkumar (Chairman), Dr. U. Nimmagadda, Gautam B. Doshi
Independent Directors: Maryam Shojaei Baghini, Jayesh Khimji Rambhia, Akshay Rajendra Shah
Executive Directors: Abhay B. Doshi (Managing Director), Rajiv B. Doshi (Whole-time Director)
Key Managerial Personnel
Chief Financial Officer: Prema Radhakrishnan
Company Secretary & Compliance Officer: Mansi Gupta
Operational Highlights
- Sales increased to ₹3,317.68 lakhs from ₹3,036.96 lakhs in previous year
- Company focuses on RF Microwave PCBs with special materials and surface finishes
- Exports to 14 countries with domestic focus on Space and Defense sectors
- Foreign exchange earnings: ₹2,124 lakhs (FY25: ₹1,832 lakhs)
- Foreign exchange outgo: ₹1,605 lakhs (FY25: ₹1,285 lakhs)
- Net foreign exchange earning: ₹519 lakhs (FY25: ₹547 lakhs)
Research & Development
- R&D expenditure: ₹21.95 lakhs (FY25: ₹18.90 lakhs)
- Completed projects include thermal stability on Teflon materials, electrical stability on high frequency materials
- Initiated projects include 24 layer Multilayer PCBs, metal backed PCBs
Corporate Governance
- Four board meetings held during the year
- All applicable corporate governance requirements complied with
- Whistle Blower Policy implemented for vigil mechanism
Auditor Reports
Statutory Auditors: Unmodified opinion on financial statements
Secretarial Auditors: Generally complied with applicable statutory provisions, except for fine levied by BSE for non-submission of Annual Secretarial Compliance Report for FY 2024-25
Other Disclosures
- No material related party transactions
- No deposits accepted from public
- No significant material orders passed by regulators/courts
- Employee strength: 146 (FY25: 145)
- No sexual harassment complaints received during the year
Registrars & Share Transfer Agents
M/s MUFG Intime India Private Limited
C-101, 247 Park, 1st Floor, LBS Road, Gandhi Nagar, Vikhroli West, Mumbai - 400 083