Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 & 33 of SEBI Listing Regulations
Audit Opinion:
Unmodified opinion on both standalone and consolidated financial results by statutory auditors DSP & Associates
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations: ₹92.98 lakh for Q1 FY27 (compared to ₹0.49 lakh in Q1 FY26)
Total Income: ₹92.98 lakh for Q1 FY27
Net Profit: Loss of ₹12.34 lakh for Q1 FY27 (compared to loss of ₹19.86 lakh in Q1 FY26)
EPS: (₹0.00) basic and diluted for Q1 FY27
Reserves excluding Revaluation Reserves: ₹3,143.55 lakh as of 30th June, 2026
Paid-up equity share capital: ₹329.00 lakh (Face Value of ₹1 each)
Consolidated Results:
Revenue from Operations: ₹4,639.76 lakh for Q1 FY27 (compared to ₹5,034.58 lakh in Q1 FY26)
Total Income: ₹4,639.76 lakh for Q1 FY27
Net Profit: Loss of ₹441.34 lakh attributable to equity holders for Q1 FY27 (compared to profit of ₹126.45 lakh in Q1 FY26)
EPS: (₹0.13) basic and diluted for Q1 FY27
Segment-wise Performance [₹ in lakhs]:
Standalone Segment:
- Company Segment Revenue: ₹92.98 lakh for Q1 FY27
- Company Segment Results: Loss of ₹12.34 lakh for Q1 FY27
Consolidated Segments:
- Company Segment Revenue: ₹92.98 lakh for Q1 FY27
- Paint Segment Revenue: ₹4,546.78 lakh for Q1 FY27
- Company Segment Results: Loss of ₹12.34 lakh for Q1 FY27
- Paint Segment Results: Loss of ₹440.79 lakh for Q1 FY27
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced
Director Appointments/Re-appointments:
- Re-appointment of Shri Madhusudan Agarwal (DIN:00338537) as Non-Executive Independent Director for second term of 5 years from 18th July, 2027 to 17th July, 2032
- Re-appointment of Shri Ramesh Chand Surana (DIN:00089854) as Non-Executive Independent Director for second term of 5 years from 18th July, 2027 to 17th July, 2032 (will attain age of 75 during second term)
- Both reappointments subject to shareholder approval at 7th Annual General Meeting
Management Changes:
- Resignation of Mr. Rohit (Membership No. ACS 73881) as Company Secretary & Compliance Officer effective close of business hours on 13th August, 2026 due to personal exigencies
- Resignation of Mr. Rohit as Company Secretary of Kamdhenu Colour and Coatings Limited effective same date
- Appointment of Mr. Ankit (Membership No. ACS 51774) as Company Secretary & Compliance Officer and Key Managerial Personnel effective 14th August, 2026
- Mr. Ankit also appointed as Company Secretary of Kamdhenu Colour and Coatings Limited
Authorization:
Board authorized three Key Managerial Personnel for determining materiality of events and making disclosures to stock exchanges effective 14th August, 2026:
1. Shri Saurabh Agarwal - Managing Director
2. Shri Vineet Kumar Agarwal - Chief Financial Officer
3. Mr. Ankit - Company Secretary & Compliance Officer
Other Significant Information:
Subsidiary Investment:
- During Q1 FY27, company invested ₹1,301.04 lakh in Kamdhenu Colour and Coatings Limited via rights issue
- Company allotted 3,614 equity shares of face value ₹10 each at issue price of ₹36,000 per share (including securities premium of ₹35,990 per share)
- Subsidiary remains wholly-owned after this investment
Warrant Conversion Status:
- 1,50,00,000 warrants remain outstanding as of 30th June, 2026 with ₹255.00 lakh received
- No conversion occurred during Q1 FY27
Preferential Issue Proceeds Utilization:
- Issue-1 (Equity): Unutilized balance of ₹47.57 lakh as of April 1, 2026 fully utilized for general corporate purposes
- Issue-2 (Share Warrants): Unutilized balance of ₹1,250.86 lakh as of April 1, 2026 fully utilized for investment in subsidiary
- No deviation from stated objects
Convening of AGM:
7th Annual General Meeting to be convened through video conferencing/audio-visual means
Date and time to be informed separately with notice