Board Meeting Details

The Board of Directors meeting commenced at 7:00 PM and concluded at 7:30 PM on May 30, 2026. The meeting approved the audited financial results for the period ended March 31, 2026.

Financial Results Overview

Balance Sheet Highlights (INR lakhs):

  • Total Assets: ₹3,821.61 (vs. ₹3,341.73 in FY25)
  • Total Liabilities: ₹3,821.61 (vs. ₹3,341.73 in FY25)
  • Share Capital: ₹499.69 (unchanged from FY25)
  • Reserves and Surplus: ₹1,475.53 (vs. ₹1,350.08 in FY25)
  • Long-term Borrowings: ₹447.45 (vs. ₹188.33 in FY25)
  • Short-term Borrowings: ₹1,068.63 (vs. ₹1,145.67 in FY25)
  • Trade Receivables: ₹1,243.43 (vs. ₹397.49 in FY25)
  • Inventories: ₹533.30 (vs. ₹799.32 in FY25)

Profit and Loss Statement (INR lakhs):

  • Total Income: ₹1,793.93
  • Total Expenditure: ₹1,627.27
  • Profit Before Tax: ₹166.66
  • Tax Expense: ₹50.21 (Current Tax: ₹50.21, Deferred Tax: ₹-4.00)
  • Net Profit for the Year: ₹120.45
  • Earnings Per Share: ₹2.41
  • Paid-up Share Capital: ₹499.69 (Face Value per Share: ₹10)

Cash Flow Statement (INR lakhs):

  • Cash Flow from Operating Activities: ₹61.18
  • Cash Flow from Investing Activities: ₹-165.94
  • Cash Flow from Financing Activities: ₹79.19
  • Net Decrease in Cash: ₹-25.57
  • Cash and Bank Balances at End: ₹502.96

Audit Qualifications

The statutory auditors, MSNJ & Associates, issued a qualified opinion with two main reservations:

1. Prior Year Tax Provision: The company has not made provision for prior year taxes in accordance with AS 12 - Income Taxes. This overstates profit after tax and understates current liabilities. The exact impact has not been quantified by management.

2. Loans and Advances Recoverability: The company has significant loans and advances (both short-term and long-term) with no specific interest and repayment terms. While management considers them recoverable, any doubt on recoverability could significantly affect the financial position and cash flows, potentially impacting the company's ability to continue as a going concern.

Impact of Audit Qualifications Statement

The company submitted a Statement on Impact of Audit Qualifications as required by Regulation 33/52 of SEBI (LODR) Regulations. Management stated that the audit qualifications have no impact on the reported figures, with all audited and adjusted figures remaining identical:

  • Turnover/Total Income: ₹1,793.93
  • Total Expenditure: ₹1,627.27
  • Net Profit: ₹120.45
  • EPS: ₹2.41
  • Total Assets: ₹3,821.61
  • Total Liabilities: ₹1,846.39
  • Net Worth: ₹1,975.22

Regulatory Compliance Declarations

The company submitted a declaration under Regulation 33(2)(a) confirming that the financial statements do not contain any false or misleading statements and do not omit material facts.

Default Disclosure

The company disclosed that as of March 31, 2026, there are:

  • No outstanding loans/revolving facilities from banks/financial institutions
  • No outstanding unlisted debt securities (NCD and NCRPS)
  • No outstanding financial indebtedness including short-term and long-term debt
  • No defaults on any borrowings

Additional Notes

  • The company operates in a single business segment: manufacturing and trading of roasted namkeen products including chana jor garam, masala chana, kurkure namkeen and allied food products
  • There was no change in share capital during FY25-26
  • The company is listed on the SME Platform of BSE and is exempted from IND-AS
  • Financial results were reviewed by the Audit Committee and approved by the Board
  • Previous period figures have been re-grouped/re-classified where necessary