Board Meeting Details
The Board meeting commenced at 3:15 PM and concluded at 4:45 PM on 26th May 2026.
Key Board Approvals
- Approved Standalone and Consolidated Audited Financial Results for the Quarter and Year ended 31st March 2026 along with the Auditors' Report
- Recommended a dividend of ₹1.00 (10%) per equity share of ₹10 each, subject to shareholder approval at the ensuing Annual General Meeting
Standalone Financial Performance (₹ in lakhs)
Quarterly Performance (Q4 FY26 vs Q4 FY25):
- Revenue from operations: ₹1,348.22 (vs ₹-178.73 in Q4 FY25)
- Total income: ₹1,348.22 (vs ₹-178.73 in Q4 FY25)
- Profit/(loss) before tax: ₹(175.83) (vs ₹(1,510.11) in Q4 FY25)
- Profit/(loss) after tax: ₹327.96 (vs ₹(1,211.91) in Q4 FY25)
- Total comprehensive income: ₹(4,282.32) (vs ₹(5,963.64) in Q4 FY25)
- Basic EPS: ₹1.20 (vs ₹(4.44) in Q4 FY25)
Annual Performance (FY26 vs FY25):
- Revenue from operations: ₹6,302.53 (vs ₹7,320.86 in FY25)
- Total income: ₹6,302.53 (vs ₹7,320.86 in FY25)
- Profit before tax: ₹1,256.41 (vs ₹4,265.82 in FY25)
- Profit after tax: ₹1,123.20 (vs ₹3,551.95 in FY25)
- Total comprehensive income: ₹6,197.68 (vs ₹12,119.25 in FY25)
- Basic EPS: ₹4.12 (vs ₹13.02 in FY25)
- Paid-up equity share capital: ₹2,728.42 lakhs (unchanged)
- Reserves: ₹120,452.73 (vs ₹114,527.90 in FY25)
Consolidated Financial Performance (₹ in lakhs)
Quarterly Performance (Q4 FY26):
- Total income: ₹1,076.67
- Profit/(loss) before tax: ₹(1,319.43)
- Profit/(loss) after tax: ₹(1,045.86)
- Share of profit/(loss) of associates: ₹(340.11)
Annual Performance (FY26 vs FY25):
- Total income: ₹10,690.82 (vs ₹11,869.62 in FY25)
- Profit before tax: ₹1,053.60 (vs ₹8,514.56 in FY25)
- Profit after tax: ₹54.68 (vs ₹6,615.12 in FY25)
- Share of profit/(loss) of associates: ₹(839.73) (vs ₹2,622.44 in FY25)
Segment-wise Performance (Consolidated)
The Group operates in two segments:
1. Financing and Investment
2. Trading
FY26 Segment Revenue:
- Financing and Investment: ₹7,439.39 lakhs
- Trading: ₹2,770.45 lakhs
- Unallocated: ₹480.99 lakhs
FY26 Segment Profit before tax:
- Financing and Investment: ₹1,675.18 lakhs
- Trading: ₹15.37 lakhs
- Unallocated: ₹2.75 lakhs
Merger Scheme Impact
The Hon'ble National Company Law Tribunal, Kolkata Bench sanctioned a Scheme of Amalgamation on 16th March 2026 wherein:
- Placid Limited (associate company) and other group companies merged with Maharaja Shree Umaid Mills Limited (MSUML)
- A step-down subsidiary, Sukhday Greenview Private Limited, also merged with MSUML
The scheme became effective from the appointed date of 1st April 2024. Certified copy of the NCLT order was issued on 13th April 2026 and filed with ROC on 25th April 2026.
Financial Impact of Merger
- The Company will be allotted equity shares in MSUML in lieu of its investment in Placid Limited
- Equity shares of Kiran Vyapar held by transferor companies will be transferred to MSUML, making Kiran Vyapar a subsidiary of MSUML
- Post allotment of shares, MSUML becomes an associate of the Company
- Figures for FY25 have been restated to reflect these changes
Dividend Declaration
The Board recommended a final dividend of 10% (₹1.00 per share) for FY 2025-26, subject to shareholder approval at the AGM.
Entities Included in Consolidation
Subsidiaries:
- Shree Krishna Agency Limited
- Samay Industries Limited
- IOTA Mtech Limited
- Peepul Tree Capital Pte. Ltd
Step-down Subsidiaries:
- IOTA Mtech Power LLP
Associates:
- Maharaja Shree Umaid Mills Limited
- LNB Renewable Energy Limited
Cash Flow Position
Standalone (FY26):
- Net cash used in operating activities: ₹(878.47) lakhs
- Net cash used in investing activities: ₹(12,392.82) lakhs
- Net cash from financing activities: ₹20,171.90 lakhs
- Cash and cash equivalents at year-end: ₹7,111.22 lakhs
Consolidated (FY26):
- Net cash used in operating activities: ₹(7,708.24) lakhs
- Net cash used in investing activities: ₹(7,885.25) lakhs
- Net cash from financing activities: ₹19,747.48 lakhs
- Cash and cash equivalents at year-end: ₹17,741.91 lakhs