Meeting Details

The meeting commenced at 6:20 PM and concluded at 8:00 PM on May 28, 2026.

Financial Results Approval

The Board approved:

  • Audited Financial Results for Q4 and FY ended March 31, 2026
  • Statement of Profit & Loss
  • Statement of Assets & Liabilities
  • Statement of Cash Flow

These results were reviewed by the Audit Committee and audited by M/s. Shah Karia & Associates, Chartered Accountants (FRN: 131546W), the statutory auditors of the company.

Financial Performance Highlights

Quarterly Performance (Q4 FY26):
  • Revenue from operations: ₹202.23 lakh
  • Other income: ₹51.98 lakh
  • Total income: ₹207.43 lakh
  • Total expenses: ₹201.81 lakh
  • Profit before tax: ₹56.17 lakh
  • Tax expense: ₹15.50 lakh (Current tax: ₹16.00 lakh, Deferred tax: ₹0.50 lakh, Earlier tax: -₹1.00 lakh)
  • Net profit: ₹40.68 lakh
  • Basic EPS: ₹0.09
Annual Performance (FY26):
  • Revenue from operations: ₹797.12 lakh
  • Other income: ₹57.94 lakh
  • Total income: ₹802.92 lakh
  • Total expenses: ₹793.45 lakh
  • Profit before tax: ₹94.62 lakh
  • Tax expense: ₹24.50 lakh (Current tax: ₹25.00 lakh, Deferred tax: ₹0.50 lakh, Earlier tax: -₹1.00 lakh)
  • Net profit: ₹70.13 lakh
  • Basic EPS: ₹0.16
  • Paid-up equity share capital: ₹428.46 lakh
  • Face value per share: ₹10
Comparative Figures (FY25):
  • Revenue from operations: ₹783.40 lakh
  • Other income: ₹16.49 lakh
  • Total income: ₹785.05 lakh
  • Total expenses: ₹780.82 lakh
  • Profit before tax: ₹42.34 lakh
  • Tax expense: ₹13.91 lakh (Current tax: ₹9.00 lakh, Deferred tax: ₹4.91 lakh)
  • Net profit: ₹28.43 lakh
  • Basic EPS: ₹0.07

Auditor's Report Qualifications

The auditors issued an unmodified opinion but noted several qualifications:

1. Trade receivables, loans and advances, and trade payables outstanding for more than 3 years are under dispute and subject to litigation - unable to comment on realizable value

2. Company has not paid TDS to government authorities in due course, resulting in non-compliance with statutory dues

3. Miscellaneous expenditure not written off has not been disclosed as per IND AS and not written off accordingly

Cash Flow Statement (FY26):

  • Net cash flow from operating activities: Not quantified in disclosure
  • Net cash flow from investing activities: Not quantified in disclosure
  • Net cash flow from financing activities: Not quantified in disclosure
  • Net decrease in cash & cash equivalents: ₹4.92 lakh
  • Closing cash balance: ₹9.60 lakh

Assets and Liabilities (as of March 31, 2026):

  • Total assets: ₹723.05 lakh
  • Total current financial assets: ₹237.95 lakh
  • Total non-current financial liabilities: ₹519.82 lakh

Declaration

The company declared that the statutory auditor's report is with unmodified opinion for the standalone audited financial statements for FY ended March 31, 2026, as required under Regulation 33(3)(d) of SEBI Listing Regulations.