Financial Performance Highlights (Standalone)

Financial Year: 01/04/2025 to 31/03/2026

Revenue from Operations: ₹38,932.71 lakhs (Previous year: ₹36,304.49 lakhs) - 7.24% growth

Other Income: ₹233.97 lakhs (Previous year: ₹327.78 lakhs)

Total Income: ₹39,166.69 lakhs (Previous year: ₹36,632.27 lakhs)

Total Expenses: ₹38,169.15 lakhs (Previous year: ₹35,746.47 lakhs)

Profit Before Tax: ₹997.54 lakhs (Previous year: ₹885.81 lakhs) - 12.62% growth

Current Tax: ₹261.70 lakhs (Previous year: ₹237.06 lakhs)

Deferred Tax: (₹2.46) lakhs (Previous year: (₹0.78) lakhs)

Profit After Tax: ₹738.30 lakhs (Previous year: ₹649.53 lakhs) - 13.67% growth

Basic EPS: ₹8.41 (Previous year: ₹9.07)

Diluted EPS: ₹8.41 (Previous year: ₹9.07)

Key Financial Ratios

Current Ratio: 1.66 (Previous: 1.15)

Debt-Equity Ratio: 0.79 (Previous: 2.02)

Return on Equity: 14.62% (Previous: 33.65%)

Net Profit Ratio: 1.89% (Previous: 1.77%)

Inventory Turnover Ratio: 6.62 times (Previous: 9.12 times)

Capital Structure Changes

IPO Completion: Successfully completed Initial Public Offering on 30th September 2025

Shares Issued: 29,76,000 Equity Shares of face value ₹10 each

Issue Price: ₹80 per share (including premium of ₹70 per share)

Total Proceeds: ₹2,380.80 lakhs

Post-IPO Paid-up Capital: ₹1,026.20 lakhs divided into 1,02,62,000 equity shares

100% of shares are held in dematerialized form as of March 31, 2026

Annual General Meeting Details

21st AGM Date: Monday, 28th September 2026

Time: 11:00 a.m.

Venue: Registered Office at Panchratna Office No.501, 5th Floor, 37-New Jagnath Plot, Rajkot, Gujarat-360001

Cut-off Date for Eligibility: Saturday, August 29, 2026

Register of Members Closure: 22nd September 2026 to 28th September 2026 (both days inclusive)

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Bharatkumar Keshavlal Relia (DIN: 03542553) as Director retiring by rotation

Special Business

3. Appointment of Mr. Dhavalkumar Rameshchandra Doshi, Chartered Accountant as Internal Auditor for FY 2026-27

4. Appointment of M/s. DMAA AND ASSOCIATES as Statutory Auditors for 5 years (FY 2026-27 to 2030-31)

5. Material Related Party Transactions with Sagar International up to ₹3.50 crore in FY 2026-27 (Special Resolution)

6. Material Related Party Transactions with Pharma In All up to ₹1 lakh in FY 2026-27 (Special Resolution)

Auditor Changes

Statutory Auditor Resignation: M/s. R B GOHIL & CO. resigned effective 31st August 2026

Proposed New Statutory Auditor: M/s. DMAA AND ASSOCIATES, Chartered Accountants (Firm Registration No. 159516W)

Proposed Term: From conclusion of 21st AGM until conclusion of 26th AGM in 2031

Internal Auditor Resignation: M/s. DMAA AND ASSOCIATES resigned as Internal Auditor effective 1st September 2026

Proposed New Internal Auditor: Mr. Dhavalkumar Rameshchandra Doshi, Chartered Accountant (Membership No. 144300)

Related Party Transactions Seeking Approval

With Sagar International: Up to ₹3.50 crore for purchase of raw materials and sale of finished goods

  • Mr. Sagar Arunkumar Chag (Managing Director) is interested as Director & Partner

With Pharma In All: Up to ₹1 lakh for purchase of raw materials and sale of finished goods

  • Mr. Bharatkumar Keshavlal Relia (Non-Executive Director) is interested as Director & Partner

Both transactions to be conducted at arm's length basis in ordinary course of business

Corporate Governance

Board Composition: 6 Directors (2 Executive, 4 Non-Executive including 2 Independent)

Board Meetings: 11 meetings held during FY 2025-26

Key Committees: Audit Committee, Stakeholders' Relationship Committee, Nomination & Remuneration Committee

CSR Expenditure: ₹10,12,820 spent on promotion of education and medical aid

Foreign Exchange Transactions

Foreign Exchange Earnings: ₹5,084.45 lakhs

Foreign Exchange Outgo: ₹2,157.72 lakhs

Contingent Liabilities

GST Demand: ₹283.99 lakhs for FY 2019-20 (Reference: ZD240222014002H)

TDS Demand: ₹0.20 lakhs for FY 2010-11 and FY 2011-12

MSME Dues

Outstanding dues to MSME suppliers: ₹356.91 lakhs as at March 31, 2026

Employee Benefits

Gratuity Liability: ₹24.45 lakhs (Previous: ₹13.79 lakhs)

Number of Employees: 20 permanent employees

Registrars and Transfer Agents

Integrated Registry Management Services Private Limited, Chennai

E-voting Details

Voting Period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)

Platform: CDSL e-Voting system