Document Dates

13 August 2026 (Directors' Report), 27 May 2026 (Financial Statements), 13 August 2026 (AGM Notice)

Financial Performance Highlights

Consolidated Performance (FY 2025-26 vs FY 2024-25):

  • Revenue from operations: ₹534.22 crore (prev. ₹507.19 crore) - increase of ₹27.03 crore (5.3%)
  • Profit After Tax: ₹13.28 crore (prev. ₹12.69 crore) - increase of ₹0.59 crore (4.7%)
  • Finance costs: ₹1.15 crore (prev. ₹2.56 crore) - reduction of ₹1.41 crore (54.9%)
  • Operating cash flow: ₹18.97 crore (prev. ₹82.61 crore) - remained positive
  • EBITDA: ₹17.18 crore (prev. ₹18.98 crore) - decrease of ₹1.80 crore (9.5%)
  • Profit Before Tax: ₹15.34 crore (prev. ₹15.57 crore) - decrease of ₹0.23 crore (1.4%)

Standalone Performance (FY 2025-26 vs FY 2024-25):

  • Revenue from operations: ₹1,213.23 lacs (₹1,278.46 lacs in FY25)
  • Total Income: ₹136.71 crore (prev. ₹147.05 crore)
  • EBITDA: ₹44.19 crore (prev. ₹42.19 crore)
  • Profit Before Tax: ₹25.25 crore (prev. ₹20.48 crore)
  • Net Profit: ₹8.98 crore (prev. ₹5.66 crore)
  • Basic and diluted EPS: ₹0.55

Key Financial Positions

As at 31 March 2026 (Consolidated):

  • Property, plant and equipment: ₹11.67 crore
  • Other intangible assets under development: ₹272.32 crore
  • Inventories: ₹12.29 crore
  • Trade receivables: ₹4.60 crore
  • Cash and cash equivalents: ₹2.56 crore
  • Total assets: ₹323.15 crore
  • Borrowings: ₹17.29 crore (non-current ₹16.21 crore, current ₹1.00 crore)
  • Trade payables: ₹16.53 crore

Standalone Financial Position:

  • PPE net block: ₹1,152.50 lacs (prev. ₹1,203.25 lacs)
  • Investments: ₹12,002.18 lacs (primarily in subsidiaries)
  • Trade receivables: ₹1,159.96 lacs (all from undisputed trade receivables considered good)
  • Cash and bank balances: ₹274.40 lacs
  • Total borrowings: ₹2,044.15 lacs (secured against property)

Corporate Actions and Governance

  • Board approved Scheme of Merger of One Two Three Greetings (India) Private Limited with the company on 3 December 2025
  • Appointed date for merger fixed as 1 April 2025 under Sections 230-233 of Companies Act, 2013
  • No dividend declared for FY 2025-26 (same as previous year)
  • 31st Annual General Meeting scheduled for 29 September 2026 to adopt financial statements and approve amalgamation

Subsidiary Performance

The company has three wholly-owned subsidiaries and two step-down subsidiaries:

1. 123Greetings.com, Inc. (USA) - PAT ₹4.00 lakhs

2. IntraSoft Ventures Pte. Ltd (Singapore) - PAT ₹1.67 lakhs

3. One Two Three Greetings (India) Private Limited - PAT ₹2.25 lakhs

4. 123Stores, Inc. (USA) - material subsidiary, PAT ₹1,311.38 lakhs (92.64% contribution)

5. 123Stores E Commerce Private Limited (India)

Board and Management Changes

  • Mr. Aakash Kumar Singh, Company Secretary resigned effective 21 January 2026
  • Ms. Poonam Luharuka appointed as Company Secretary effective 21 January 2026
  • Mr. Mohit Jha, Chief Financial Officer resigned effective 28 March 2026
  • Mr. Sharad Kajaria, Whole Time Director appointed as CFO effective 28 March 2026
  • Reappointment of Mr. Arvind Kajaria as Managing Director for 3 years from 1 April 2026
  • Reappointment of Mr. Sharad Kajaria as Whole Time Director for 3 years from 1 April 2026

Capital Structure

  • Equity share capital: ₹16.31 crore (16,311,678 equity shares of ₹10 each)
  • No change in share capital during the year
  • Promoter holding: Arvind Kajaria (17.24%), Sharad Kajaria (17.24%), Padma Kajaria (8.58%)
  • 99.92% of shares in dematerialized form

Related Party Transactions

Significant transactions with subsidiaries:

  • Sale of services to 123Greetings.com, Inc.: ₹350.22 lacs
  • Sale of services to 123Stores, Inc.: ₹863.01 lacs
  • Loan taken from One Two Three Greetings (India) Private Limited: ₹225.00 lacs outstanding
  • Loan taken from 123Stores E Commerce Private Limited: ₹90.00 lacs outstanding

Compliance Status

  • No material orders passed by regulators/courts
  • No fraud reported by auditors
  • No proceedings under Insolvency and Bankruptcy Code
  • Compliance with all applicable laws and regulations
  • All auditor reports are clean without qualifications or adverse remarks
  • Contingent liabilities: ₹13.44 lacs (guarantees and claims not acknowledged as debt)

Forward-looking Statements

The report contains forward-looking statements based on management's current plans, expectations and assumptions. Actual outcomes may differ due to risks and uncertainties. The company undertakes no obligation to publicly update any forward-looking statement except as required by law.