Key Quantitative Figures

Financial Results for Quarter Ended 30th June 2026 (Unaudited):

  • Revenue from Operations: ₹656.21 lakh (vs. ₹422.86 lakh in Q1 FY26)
  • Other Income: ₹25.02 lakh
  • Total Income: ₹681.23 lakh
  • Total Expenses: ₹668.94 lakh
  • Profit Before Exceptional Items and Tax: ₹12.29 lakh
  • Exceptional Items: ₹4.95 lakh (expenses relating to sale of caustic soda manufacturing plant to Grasim Industries Ltd. in FY 2015-16)
  • Profit Before Tax from Continuing Operations: ₹7.34 lakh (vs. loss of ₹17.17 lakh in Q1 FY26)
  • Tax Expense: ₹0.00 lakh
  • Profit for the Period from Continuing Operations: ₹7.34 lakh (vs. loss of ₹17.17 lakh in Q1 FY26)
  • Other Comprehensive Income: (₹0.35) lakh
  • Total Comprehensive Income: ₹6.99 lakh (vs. loss of ₹2.49 lakh in Q1 FY26)
  • Paid-up Equity Share Capital: ₹2,933 lakh (Face Value ₹10 per share)
  • Basic EPS from Continuing Operations: ₹0.03 (vs. negative ₹0.06 in Q1 FY26)
  • Diluted EPS from Continuing Operations: ₹0.03

Comparative Figures:

  • Quarter Ended 31st March 2026 (Audited): Profit of ₹18.88 lakh
  • Financial Year Ended 31st March 2026 (Audited): Profit of ₹30.93 lakh

Dates of Action

  • Board Meeting Date: 16th July 2026 (commenced 4:00 PM, concluded 5:00 PM)
  • Effective date of Shri Satish Kapur's appointment: 16th July 2026
  • Effective date of Shri Rishi Bajoria's resignation: Close of business hours on 16th July 2026
  • Effective date of Shri Rajesh Kumar Singhi's re-appointment: 11th February 2027
  • 64th Annual General Meeting: 1st September 2026 at 3:00 PM
  • Register of Members closure: 26th August 2026 to 1st September 2026 (both days inclusive)

Parties Involved

  • Statutory Auditors: M/s. AMK & Associates (Firm Registration No-327817E)
  • New Director Appointed: Shri Satish Kapur (DIN:00051163) as Additional Director (Independent category)
  • Director Re-appointed: Shri Rajesh Kumar Singhi (DIN:01210804) as Whole-time Director
  • Director Resigned: Shri Rishi Bajoria (DIN:00501157) as Independent Director
  • Scrutinizer for AGM: M/s Jaiswal A & Co, Practicing Company Secretary
  • E-voting Agency: National Securities Depository Limited (NSDL)

Purpose or Rationale

  • The exceptional item of ₹4.95 lakh relates to expenses incurred for the sale of the caustic soda manufacturing plant to Grasim Industries Ltd. (formerly Aditya Birla Chemical (India) Ltd.) during FY 2015-16.
  • Shri Rishi Bajoria resigned due to personal reasons and other commitments outside the company.

Financial Impact

  • The exceptional items expense of ₹4.95 lakh has been recognized in the current quarter's financial results.
  • No tax expenses were incurred for the quarter.

Capital Structure Impact

  • No change in paid-up equity share capital reported (remains at ₹2,933 lakh).

Governance Updates

  • New Appointment: Shri Satish Kapur (Graduate in Commerce, Industrialist with management and finance experience) appointed as Independent Director for a term of 5 years, subject to shareholder approval.
  • Re-appointment: Shri Rajesh Kumar Singhi (Chartered Accountant) re-appointed as Whole-time Director for 2 years, subject to shareholder approval.
  • Resignation: Shri Rishi Bajoria resigned as Independent Director and from all Board committees.
  • Committee Re-constitution:
  • Audit Committee: Shri Krishna Kumar Kothari (Chairman), Shri Rajesh Kumar Singhi, Shri Satish Kapur, Smt. Arpita Chakraverti Saha
  • Nomination & Remuneration Committee: Shri Krishna Kumar Kothari (Chairman), Shri Virendraa Bangur, Shri Satish Kapur

Additional Information

  • The company has no subsidiaries, associates, or joint ventures as of 30th June 2026.
  • The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.
  • The statutory auditors have issued an unmodified review report on the financial results.