Key Financial Figures - Standalone (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26 Total Income: ₹33.08 lakhs vs ₹35.68 lakhs in Q4 FY25
  • Q4 FY26 Profit Before Tax: ₹11.79 lakhs vs ₹15.19 lakhs in Q4 FY25
  • Q4 FY26 Profit After Tax: ₹12.56 lakhs vs ₹15.44 lakhs in Q4 FY25
  • Q4 FY26 EPS: ₹0.07 vs ₹0.08 in Q4 FY25

Annual Performance FY2026:

  • Total Income: ₹406.65 lakhs vs ₹326.63 lakhs in FY2025
  • Profit Before Tax: ₹339.87 lakhs vs ₹9.73 lakhs in FY2025
  • Profit After Tax: ₹340.64 lakhs vs ₹9.99 lakhs in FY2025
  • EPS: ₹1.73 vs ₹0.05 in FY2025
  • Paid-up Equity Share Capital: ₹1,963.50 lakhs (unchanged)

Key Financial Figures - Consolidated (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26 Total Income: ₹42.06 lakhs vs ₹177.44 lakhs in Q4 FY25
  • Q4 FY26 Profit Before Tax: ₹53.93 lakhs vs ₹40.40 lakhs in Q4 FY25
  • Q4 FY26 Profit After Tax: ₹54.70 lakhs vs ₹38.52 lakhs in Q4 FY25
  • Q4 FY26 EPS: ₹0.28 vs ₹0.20 in Q4 FY25

Annual Performance FY2026:

  • Total Income: ₹487.47 lakhs vs ₹873.46 lakhs in FY2025
  • Profit Before Tax: ₹473.98 lakhs vs ₹155.34 lakhs in FY2025
  • Profit After Tax: ₹474.75 lakhs vs ₹153.46 lakhs in FY2025
  • EPS: ₹2.42 vs ₹0.78 in FY2025
  • Paid-up Equity Share Capital: ₹1,963.50 lakhs (unchanged)

Audit Qualifications and Modified Opinion

The Statutory Auditors, Sarda Soni Associates LLP, have issued audit reports with qualified opinion on both standalone and consolidated financial results due to the following issues:

Basis for Qualified Opinion:

1. Non-provision of interest on inter-corporate loans: Company has not made interest provision nor received any interest on unsecured inter-corporate loans (parties covered under section 186 of Companies Act, 2013) of ₹966.80 lakhs (year-end balance: ₹1,112.80 lakhs), which is non-compliant with Section 186(7) of the Act.

2. Non-provision of interest on borrowings: Company has neither paid nor provided interest on few of its borrowings during the financial year (year-end balances: ₹100 lakhs). Had interest been recognized, finance cost and interest liability would have increased accordingly, decreasing reported profit.

3. Interest-free loans to subsidiary: Company has granted interest-free unsecured loan to its subsidiary company without making interest provision or receiving interest (parties covered under section 186), non-compliant with Section 186(7).

4. Regulatory classification matter: Company carries outstanding inter-corporate borrowings and advances which present a regulatory classification matter for its Type I-NBFC category.

The auditors are unable to express opinion on the extent of effect of these matters on profit for the year and net assets as at March 31, 2026.

Emphasis of Matter:

1. Unconfirmed balances: Few balances of Trade Receivables, Deposits, Loans and Advances, Advance received from customers and Trade payable are subject to confirmation and consequential reconciliation/adjustment. Impact not ascertainable.

2. NCLT receivables: Trade receivables include ₹228.71 lakhs from two parties which are under NCLT. No provision made as company awaits final order.

Statement on Impact of Audit Qualifications

The management has provided the following statement on impact of audit qualifications:

Standalone Figures (₹ in Lakhs):

  • Turnover/Total Income: 406.65 (as reported)
  • Net Profit/(Loss): 339.87 (as reported)
  • EPS: ₹1.73 (as reported) - Not determinable after adjustments
  • Total Assets: 3,867.17 (as reported)
  • Total Liabilities: 3,867.17 (as reported)
  • Net Worth: 3,750.10 (as reported)

Consolidated Figures (₹ in Lakhs):

  • Turnover/Total Income: 487.47 (as reported)
  • Net Profit/(Loss): 473.98 (as reported)
  • EPS: ₹2.42 (as reported) - Not determinable after adjustments
  • Total Assets: 4,526.71 (as reported)
  • Total Liabilities: 4,526.71 (as reported)
  • Net Worth: 4,248.03 (as reported)

Management's View:

For qualifications where impact is not quantified by auditor, management states: "Interest on Borrowings and Advances will be accounted henceforth" and acknowledges that they are "unable to estimate the impact."

Other Key Information

  • Board meeting commenced at 3:00 PM and concluded at 5:00 PM on May 30, 2026
  • Company has only one operating segment
  • Previous period figures have been restated/regrouped for comparability
  • Associate company (Sukartik Clothing Private Limited) has not made provision for Employee benefits as per IND-AS 19