Financial Results Overview

The Board approved audited financial results for Q4 FY26 and full year ended 31 March 2026:

Revenue Performance:

  • Q4 FY26 Revenue: ₹4,720.43 lakhs
  • Full Year FY26 Revenue: ₹19,177.02 lakhs (vs. ₹17,253.68 lakhs in FY25)

Profitability:

  • Q4 FY26 Net Profit: ₹936.48 lakhs
  • Full Year FY26 Net Profit: ₹6,836.43 lakhs (vs. ₹5,867.41 lakhs in FY25)
  • Earnings Per Share (EPS): ₹56.26 for FY26 (vs. ₹48.24 for FY25)

Exceptional Items:

  • During Q4 FY26, reversed excess provision of ₹24.94 lakhs related to reassessment of gratuity and leave liabilities under New Labour Codes
  • Net impact of reassessment: ₹93.18 lakhs recognized in Statement of Profit and Loss

Dividend Recommendation

The Board recommended a final dividend of ₹15 per equity share (300%) of face value ₹5 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Dividend Timeline:

  • Record Date: Wednesday, 5 August 2026
  • Payment Date: On or before 11 September 2026 (if approved by shareholders)

Share Buyback Approval

The Board approved a share buyback proposal for up to 8,68,100 fully paid-up equity shares (7.14% of total paid-up equity share capital) at a maximum price of ₹900 per share.

Buyback Details:

  • Maximum Buyback Size: ₹78,12,90,000 (Seventy Eight Crore Twelve Lakhs Ninety Thousand)
  • Buyback Method: Tender offer route on proportionate basis
  • Reservation: 15% of shares reserved for small shareholders
  • Promoter Participation: Some promoter group members have communicated intention to participate
  • Approval Required: Subject to shareholder approval via special resolution

Financial Limits:

  • Buyback size does not exceed 25% of total paid-up capital and free reserves
  • Pre-buyback shareholding pattern as of 22 May 2026 shows promoters hold 73.53% (89,35,857 shares)

Corporate Appointments

Board Appointments:

  • Mr. Manoj Bhupatrai Gandhi (DIN: 00041404) appointed as Additional Director (Non-Executive Non-Independent) effective 1 June 2026, subject to shareholder approval
  • Confirmed not debarred from directorship by SEBI or any other authority

Management Appointments:

  • Mr. Rohan Rana appointed as General Manager-Plant Head and Senior Management Personnel effective 1 June 2026

Auditor Appointments:

  • Shri. Dakshesh H. Zavert appointed as Cost Auditor for FY2026-27

Other Approvals

  • Scheduled 41st Annual General Meeting on Wednesday, 12 August 2026 via Video Conferencing/Other Audio Visual Means
  • Registered office at 201-204, Plaza, 2nd Floor, 55 Hughes Road, Mumbai 400 007 as deemed meeting place

Meeting Details

  • Board meeting commenced at 4:30 PM IST and concluded at 5:30 PM IST on 25 May 2026

Financial Position (as of 31 March 2026)

  • Total Assets: ₹34,005.37 lakhs (vs. ₹28,598.92 lakhs as of 31 March 2025)
  • Paid-up Equity Share Capital: ₹607.60 lakhs (face value ₹5 each)
  • Total Equity: ₹31,594.77 lakhs

Cash Flow (FY2026)

  • Cash from Operating Activities: ₹7,812.51 lakhs
  • Cash from Investing Activities: ₹(3,404.20) lakhs
  • Cash from Financing Activities: ₹(1,834.66) lakhs
  • Net Increase in Cash: ₹280.65 lakhs