Key Quantitative Figures

  • Total Income: ₹115.86 lakhs (Previous year: ₹144.13 lakhs)
  • EBITDA: ₹51.85 lakhs (Previous year: ₹39.83 lakhs)
  • Finance Cost: ₹1.47 lakhs (Previous year: ₹2.42 lakhs)
  • Profit Before Tax: ₹42.01 lakhs (Previous year: ₹47.96 lakhs)
  • Tax Expense: ₹1.03 lakhs (Previous year: tax credit of ₹3.18 lakhs)
  • Net Profit After Tax: ₹40.98 lakhs (Previous year: ₹44.78 lakhs)
  • Earnings Per Share (EPS): ₹1.37 (Previous year: ₹1.49)
  • Paid-up Equity Share Capital: ₹300.00 lakhs (30,00,000 equity shares of ₹10 each)
  • Other Equity: ₹478.94 lakhs
  • Total Assets: ₹806.69 lakhs
  • Book Value per Share: Not explicitly disclosed
  • Market Price per Share (as on March 31, 2026): ₹16.18
  • Market Capitalization: ₹485.40 lakhs
  • P/E Ratio: 11.81 (Previous year: 9.43)

Dates of Action

  • AGM Date: September 21, 2026 (Monday) at 11:30 AM through Video Conferencing/Audio Visual Means
  • Record Date for AGM: September 14, 2026
  • Remote e-Voting Period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • Board Meeting Dates: Five meetings held on May 15, 2025; June 13, 2025; July 23, 2025; October 17, 2025; and January 16, 2026
  • Independent Directors Meeting: March 20, 2026
  • Auditor's Report Date: May 07, 2026

Parties Involved

  • Statutory Auditors: M/s. Shivam Soni & Co., Chartered Accountants (FRN: 152477W)
  • Secretarial Auditor: Mr. Chintan K. Patel, Practicing Company Secretary
  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd.
  • Bankers: Union Bank of India, Nutan Nagrik Sahakari Bank
  • Scrutinizer for e-Voting: Mr. Chintan K. Patel
  • Board of Directors:
  • Mr. Nirav K. Shah (Managing Director)
  • Mr. Pathik S. Patwari (Independent Director)
  • Mr. Janak G. Nanavaty (Independent Director)
  • Ms. Toshi B. Mehta (Non-executive Director)
  • Key Managerial Personnel:
  • Mr. Vaibhav Jardosh (Chief Financial Officer)
  • Ms. Kruti Shah (Company Secretary & Compliance Officer)

Financial and Operational Impact

  • The company decided to plough back profits for future development and expansion; no dividend recommended for FY26
  • No change in nature of business during the year
  • No deposits accepted from public under Section 73 of Companies Act, 2013
  • No subsidiaries, joint ventures, or associate companies
  • No material orders passed by regulators/courts impacting going concern status
  • Internal financial controls deemed adequate and operating effectively
  • Company is exempt from Corporate Governance Report requirements under Regulation 27(2) of SEBI LODR due to size

Capital Structure Impact

  • No change in issued, subscribed, and paid-up equity share capital during the year
  • Share capital remained at ₹300.00 lakhs divided into 30 lakh equity shares of ₹10 each

Cash Flow Implications

  • Net cash flow from operating activities: negative ₹27.17 lakhs
  • Net cash flow from investing activities: positive ₹44.58 lakhs (primarily from sale of investments and dividend income)
  • Net cash flow from financing activities: negative ₹12.05 lakhs (repayment of borrowings)
  • Net increase in cash and equivalents: ₹5.36 lakhs
  • Cash and cash equivalents at year-end: ₹12.53 lakhs

Forward-looking Guidance

  • Management Discussion indicates confidence in maintaining growth trajectory despite global economic uncertainties
  • Company focuses on strengthening operations, improving efficiency, and maintaining sustainable growth
  • Risks identified include economic conditions, regulatory developments, market competition, and technological advancements

Compliance Status

  • Statutory Auditors' Report: Unmodified opinion with no qualifications
  • Secretarial Audit Report: No qualifications, reservations, or adverse remarks
  • No fraud reported by auditors under Section 143(12) of Companies Act
  • No sexual harassment complaints received during the year
  • Full compliance with Maternity Benefit Act, 1961 affirmed
  • All properties adequately insured
  • No shares in demat suspense or unclaimed suspense account

Additional Information

  • Works: Plot No. 5, GIDC - Chhatral, Dist.: Mehsana, Gujarat
  • Compliance: Company has complied with all applicable Secretarial Standards