Board Meeting Details
The Board of Directors meeting was held on June 18, 2026, commencing at 06:00 PM and concluding at 08:30 PM.
Key Matters Approved
1. Audited Financial Results
The Board approved the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026.
2. Increase in Authorized Share Capital
The Board approved increasing the Authorized Share Capital of the Company from ₹10 crore to ₹25 crore, subject to approval in shareholders meeting.
3. Share Purchase Agreement
The Board approved entering into and executing a Share Purchase Agreement ("SPA").
4. Swapping of Shares / Fund Raising
This matter will be discussed in the next/upcoming board meeting of the company.
Financial Results - Standalone (Year Ended March 31, 2026)
Income Statement
- Total Income: ₹7,338.06 lacs (₹7,219.37 lacs from operations + ₹118.69 lacs other income)
- Total Expenses: ₹7,011.58 lacs
- Profit Before Tax: ₹326.48 lacs
- Tax Expense: ₹82.41 lacs (Current tax: ₹83.75 lacs, Deferred tax benefit: ₹(1.34) lacs)
- Profit After Tax: ₹244.07 lacs
- Earnings Per Share (Basic & Diluted): ₹2.98 (face value of ₹10 each)
- Paid-up Equity Share Capital: ₹819.44 lacs
Balance Sheet (As at March 31, 2026)
- Total Equity and Liabilities: ₹8,798.25 lacs
- Shareholders' Funds: ₹4,618.75 lacs (Share capital: ₹819.44 lacs, Reserves and surplus: ₹3,799.31 lacs)
- Non-current Liabilities: ₹557.84 lacs
- Current Liabilities: ₹3,621.66 lacs
- Total Assets: ₹8,798.25 lacs
- Non-current Assets: ₹3,295.31 lacs
- Current Assets: ₹5,502.94 lacs
Cash Flow Statement (Year Ended March 31, 2026)
- Net Cash from Operating Activities: ₹(356.34) lacs
- Net Cash from Investing Activities: ₹(1,334.69) lacs
- Net Cash from Financing Activities: ₹1,888.90 lacs
- Net Increase in Cash: ₹197.87 lacs
- Cash and Cash Equivalents at End: ₹461.11 lacs
Financial Results - Consolidated (Year Ended March 31, 2026)
Income Statement
- Total Income: ₹13,573.66 lacs (₹13,076.63 lacs from operations + ₹497.03 lacs other income)
- Total Expenses: ₹12,365.61 lacs
- Profit Before Tax: ₹1,208.05 lacs
- Tax Expense: ₹304.60 lacs (Current tax: ₹304.80 lacs, Deferred tax benefit: ₹(0.20) lacs)
- Profit After Tax: ₹903.45 lacs
- Earnings Per Share (Basic & Diluted): ₹11.03 (face value of ₹10 each)
- Paid-up Equity Share Capital: ₹819.44 lacs
Balance Sheet (As at March 31, 2026)
- Total Equity and Liabilities: ₹12,364.38 lacs
- Shareholders' Funds: ₹5,911.84 lacs (Share capital: ₹819.44 lacs, Reserves and surplus: ₹5,092.40 lacs)
- Non-current Liabilities: ₹557.84 lacs
- Current Liabilities: ₹5,894.70 lacs
- Total Assets: ₹12,364.38 lacs
- Non-current Assets: ₹3,958.10 lacs
- Current Assets: ₹8,406.28 lacs
Segment Information
The Group operates in two reportable segments:
1. Trading Segment: Revenue ₹750.14 lacs, Operating result ₹63.94 lacs
2. Services Segment: Revenue ₹12,326.49 lacs, Operating result ₹1,793.45 lacs
IPO Proceeds Utilization (as of March 31, 2025)
- Working Capital Requirement: ₹937.77 lacs (100% utilized)
- Truck Purchase: ₹380.00 lacs (100% utilized)
- Repayment of borrowing: ₹500.00 lacs (100% utilized)
- General Corporate Purposes: ₹547.41 lacs (100% utilized)
- Share issue expenses: ₹141.57 lacs (100% utilized)