Key Financial Figures

  • Revenue from Operations: ₹314.74 crore (10.8% increase YoY)
  • Other Income: ₹115.80 crore
  • Total Revenue: ₹326.31 crore
  • Profit Before Tax: ₹94.52 crore (decreased from ₹98.78 crore in FY25)
  • Profit After Tax: ₹69.98 crore (decreased from ₹73.87 crore in FY25)
  • EBITDA: ₹96.54 crore
  • Earnings Per Share: ₹58.32 (decreased from ₹61.56 in FY25)
  • Net Worth: ₹288.77 crore
  • Treasury Balance: ₹165.93 crore
  • Operating Cash Flow: ₹48.06 crore (more than 3x previous year)

Dividend Declaration

The Board of Directors has recommended a Final Dividend of ₹9.00 (90%) per equity share of ₹10 each fully paid-up for FY 2025-26, subject to shareholder approval at the AGM. This maintains the same dividend level for the third consecutive year.

Annual General Meeting Details

  • Date: Wednesday, 16th September, 2026
  • Time: 11:00 a.m. (IST)
  • Mode: Video Conferencing / Other Audio Visual Means
  • Record Date: Wednesday, 9th September, 2026 for dividend entitlement and voting
  • Remote e-voting period: Saturday, September 12th, 2026 (9:00 a.m.) to Tuesday, September 15th, 2026 (5:00 p.m.)

AGM Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26 with reports of Board of Directors and Auditors

2. Declaration of Final Dividend of ₹9.00 per equity share

3. Re-appointment of Mr. Utkarsh Patel (DIN: 02874427) as Director who retires by rotation

4. Ratification of appointment of M/s. R Kabra & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 104502W/W100721) as Statutory Auditors

Special Business:

5. Re-appointment of Mr. Jagdish Nathalal Patel (DIN: 00304924) as Whole Time Director for three years from 1st September, 2026 to 31st August, 2029 with remuneration comprising:

  • Basic Salary: ₹29,00,000 per month (with increments at Board's discretion)
  • Performance Bonus: Up to 10% of Net Profits
  • Perquisites including leave travel, club fees, mediclaim, car with driver, communication facilities

Corporate Performance Highlights

  • Achieved highest-ever revenue crossing ₹300 crore for the first time
  • Fourth quarter growth of 18.2% YoY setting strong momentum for FY 2026-27
  • EURO 7000 Wood Adhesive brand completed 20 years since launch in 2006
  • Maintained debt-free status since FY 2017-18
  • Production capacity scaled up to 40,000 tons per annum
  • Market presence across 14+ states with 100+ cities and 54+ branches
  • Distribution network includes ~12,000 active retailers and over 520 sales executives
  • Carpenter loyalty program engages ~350,000 carpenters

Board and Committee Composition

The Board comprises 6 Directors including 3 Independent Directors. Key committees include Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee, and Risk Management Committee.

Related Party Transactions

All related party transactions were conducted in the ordinary course of business and on an arm's length basis. No material transactions exceeding 10% of turnover were entered into with related parties.

Capital Structure

  • Authorized Share Capital: ₹54,00,00,000 divided into 54,000,000 equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Share Capital: ₹12,00,00,000 divided into 12,000,000 equity shares of ₹10 each
  • Promoter Holding: 54.37% as of 31st March, 2026

Corporate Governance

The company maintains adequate internal financial controls and has received unmodified audit opinion. No fraud was reported by auditors during the year under review.

Forward-looking Statements

The document contains forward-looking statements regarding the company's expected financial position, business plans, and prospects, subject to assumptions and risks outlined in the report.