Key Financial Performance (FY26)

Standalone Performance:

  • Revenue from Operations: ₹151.97 crore (43.13% growth from ₹106.18 crore in FY25)
  • Profit Before Tax: ₹8.06 crore (100% growth from ₹4.03 crore in FY25)
  • Net Profit After Tax: ₹5.80 crore (85.4% growth from ₹3.13 crore in FY25)
  • EBITDA: ₹19.31 crore (54.1% growth from ₹12.53 crore in FY25)

Consolidated Performance:

  • Revenue from Operations: ₹150.25 crore
  • Profit Before Tax: ₹8.18 crore
  • Net Profit After Tax: ₹5.88 crore
  • EBITDA: ₹19.44 crore

Subsidiary Information

  • Flamecraft Industries LLP: Acquired on September 1, 2025 with 51% stake, contributing revenue of ₹216.38 lakh and PAT of ₹7.91 lakh
  • Tricoree Machmatrix Private Limited: Incorporated on May 13, 2026 (post-year end, not consolidated)

Leadership and Governance Changes

Board Changes during FY26:

  • Ashwani Kumar Goel resigned as Whole Time Director effective April 15, 2026
  • Amit Kaushik appointed as Additional Director and CEO effective April 15, 2026

Proposed Changes (Subject to AGM Approval):

  • Amit Kaushik to be appointed as Managing Director for 3 years from September 7, 2026 at ₹5 lakh/month
  • Aditya Kaushik to be redesignated as Chairman and Non-Executive Director at ₹5 lakh/month
  • Naveen Kumar to be re-appointed as Whole Time Director for 1 year from September 29, 2026 at ₹2 lakh/month
  • Anusheel Kaushik to be re-appointed as Whole Time Director

AGM Details and Resolutions

Meeting Logistics:

  • Date: September 7, 2026 at 11:00 AM (through VC/OAVM)
  • Cut-off Date for E-voting: August 31, 2026

Key Resolutions:

1. Adoption of financial statements

2. Re-appointment of directors (Anusheel Kaushik, Naveen Kumar)

3. Approval for loans/guarantees up to ₹25 crores to subsidiaries

4. Appointment of Amit Kaushik as Managing Director

5. Change in designation of Aditya Kaushik to Chairman

6. Ratification of Cost Auditor remuneration (FY26: ₹1.50 lakh, FY27: ₹1.10 lakh)

Capital and Dividend Policy

  • Authorized Capital: ₹10.50 crore (unchanged during year)
  • Paid-up Capital: ₹7.49 crore (74.91 lakh equity shares)
  • No dividend recommended for FY26 to conserve resources for growth opportunities
  • Entire net profit retained in Reserves and Surplus

Regulatory Compliance and Auditors

  • Statutory Auditors: M/s. Gandhi Minocha & Co. continued (no fraud reported)
  • Cost Auditors: M/s. Balwinder & Associates appointed for FY26 and FY27
  • Secretarial Audit Observations: Minor delays in disclosure filings, including 12-day delay in Flamecraft acquisition disclosure

Operational Highlights

  • Employee Strength: 144 permanent employees
  • Manufacturing Facilities: Panchkula (Haryana) and Hyderabad (Telangana)
  • Product Portfolio: Kitchen chimneys, built-in hobs, gas stoves, cooktops
  • Automation: Implemented automated glass processing line and robotic automation
  • Foreign Exchange: Export earnings of ₹24.08 lakh, import outgo of ₹423.77 lakh

Litigation and Contingencies

  • GST Dispute: ₹6.14 lakh under dispute with Commissioner of Appeals, Himachal Pradesh
  • No material litigation impacting going concern status

Corporate Governance

  • Board Composition: 7 Directors including 2 Independent Directors
  • Committee Meetings: Audit Committee (5), Stakeholders Relationship Committee (4), Nomination & Remuneration Committee (4)
  • Director Remuneration: Ratio to median employee remuneration ranges from 0.72:1 to 23.99:1
  • Adequate internal financial controls and whistleblower mechanism established (no complaints during FY26)