Key Financial Figures (Standalone)

Year Ended March 31, 2026:

  • Revenue from operations: ₹11,834.63 lakhs
  • Other income: ₹341.87 lakhs
  • Total Income: ₹12,476.50 lakhs
  • Total expenses: ₹11,869.54 lakhs
  • Profit before tax: ₹306.96 lakhs
  • Tax expense: ₹72.70 lakhs (Current tax ₹72.70 lakhs, Deferred tax ₹-8.39 lakhs)
  • Profit for the period: ₹241.08 lakhs
  • Other Comprehensive Income: ₹26.94 lakhs
  • Total Comprehensive Income: ₹269.42 lakhs
  • Paid-up equity share capital: ₹497.75 lakhs (Face value ₹10 per share)
  • Basic EPS: ₹4.84
  • Diluted EPS: ₹4.84

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹3,304.57 lakhs
  • Other income: ₹108.51 lakhs
  • Total Income: ₹3,414.08 lakhs
  • Profit before tax: ₹100.86 lakhs
  • Profit for the period: ₹83.04 lakhs
  • Basic EPS: ₹1.67
  • Diluted EPS: ₹1.67

Segment-wise Performance (Year Ended March 31, 2026)

Business Segments Revenue:

  • Transportation: ₹2,922.18 lakhs
  • Trading: ₹5,085.75 lakhs
  • Wind Energy: ₹190.74 lakhs
  • Renting of Immovable Properties: ₹114.16 lakhs
  • Petrol Pump: ₹3,362.66 lakhs
  • Other Income: ₹501.00 lakhs

Business Segments Profit Before Tax:

  • Transportation: ₹177.83 lakhs
  • Trading: ₹258.05 lakhs
  • Wind Energy: ₹75.84 lakhs
  • Renting of Immovable Properties: ₹74.91 lakhs
  • Petrol Pump: ₹52.33 lakhs
  • Others: ₹-248.01 lakhs

Geographical Segments Revenue:

  • Ahmedabad: ₹7,708.58 lakhs
  • Kolkata: ₹3,622.69 lakhs
  • Bangalore: ₹845.23 lakhs

Assets and Liabilities Position (as at March 31, 2026)

  • Total Assets: ₹8,502.84 lakhs
  • Equity Share Capital: ₹497.75 lakhs
  • Other Equity: ₹1,288.07 lakhs
  • Non-current liabilities: ₹481.50 lakhs (Borrowings)
  • Current liabilities: ₹4,995.52 lakhs (Borrowings ₹5,040.57 lakhs, Trade payables ₹1,873 lakhs)
  • Total Outstanding dues of micro enterprises and small enterprises: ₹78.767 lakhs

Audit Qualifications and Emphasis of Matter

The statutory auditors, M/s Paresh Thothawala & Co., issued a qualified opinion with the following key issues:

Basis for Qualified Opinion:

1. Non-provision of interest of ₹671.98 lakhs on NPA accounts for the year, resulting in understated bank loan liabilities and overstated profit

2. Lenders have taken physical/symbolic possession and initiated auction process on various assets, but company has obtained stay orders. Management has not performed impairment assessment, making carrying value uncertain

3. Due to uncertain consequences, auditors unable to identify impact on financial statements

Emphasis of Matter:

1. Notices issued by lenders under SARFAESI Act 2002 for non-payment of principal and interest, making loan accounts NPA. Company has challenged notices in Debts Recovery Tribunal, Calcutta, and filed Civil Suit no.217 of 2013 in Kolkata High Court against Punjab & Sind Bank regarding Specific Performance of Agreement for 8 Old Court House property. Matter reached Supreme Court with order allowing Civil Court to proceed with suit on merit

2. Fairdeal Supplies Limited (where promoter-directors are also directors/promoters) admitted to Corporate Insolvency Resolution Process (CIRP) under IBC 2016. Company had extended corporate guarantees for Fairdeal's financial facilities. Outcome may have implications on company's financial position depending on claims admitted and recoverability

3. Certain dues to MSMEs outstanding, but interest on delayed payments not provided as no claim received from suppliers

4. Non-availability of balance confirmation from some suppliers and loans & advances

Management Signatories

  • Pawankumar Agarwal, Managing Director (DIN: 00060418)
  • Suresh Kumar Verma, Company Secretary & Compliance Officer (FCS 3725)