Board Meeting Details

The Board of Directors meeting was held on May 30, 2026 from 02:30 PM to 03:30 PM. The Board approved:

  • Audited financial results for year ended March 31, 2026 with unmodified audit opinion
  • Disclosure of Related Party Transactions for half year and financial year ended March 31, 2026
  • Recommendation of audited financial statements for adoption by members

Financial Results Summary (Amount in ₹ Lakhs)

Year Ended March 31, 2026 (Audited)

  • Revenue from Operations: ₹5,139.90
  • Total Income: ₹5,143.01
  • Total Expenses: ₹4,178.67
  • Profit Before Tax: ₹964.35
  • Tax Expenses: ₹259.00 (Current Tax: ₹167.12, Deferred Tax: ₹91.87)
  • Profit After Tax: ₹705.36
  • Earnings Per Share (Basic & Diluted): ₹4.34
  • Paid-up Equity Share Capital: ₹1,875.33 (Face value ₹10 per share)

Comparative Performance (YoY)

  • Revenue increased from ₹5,010.94 (FY25) to ₹5,139.90 (FY26)
  • Net Profit increased from ₹658.67 (FY25) to ₹705.36 (FY26)
  • EPS decreased from ₹4.78 (FY25) to ₹4.34 (FY26) due to increased share capital

Half Year Ended March 31, 2026 (Audited)

  • Revenue from Operations: ₹2,749.29
  • Profit After Tax: ₹335.94
  • EPS: ₹2.06

Balance Sheet Position as at March 31, 2026 (₹ Lakhs)

  • Total Assets: ₹10,142.86 (Previous year: ₹4,774.99)
  • Shareholders' Funds: ₹6,520.38 (Previous year: ₹3,441.09)
  • Share Capital: ₹1,875.33 (Previous year: ₹1,378.33)
  • Reserves & Surplus: ₹4,645.05 (Previous year: ₹2,062.76)
  • Long Term Borrowings: ₹1,970.48 (Previous year: Nil)
  • Cash & Cash Equivalents: ₹380.71 (Previous year: ₹147.62)

Cash Flow Statement for FY26 (₹ Lakhs)

  • Net Cash from Operating Activities: ₹475.01
  • Net Cash used in Investing Activities: ₹(4,660.46)
  • Net Cash from Financing Activities: ₹4,418.55
  • Net Increase in Cash: ₹233.10

IPO Details and Utilization

  • Completed Initial Public Offer on October 6, 2025 of 49,70,000 equity shares of face value ₹10 at issue price of ₹56 per share
  • Gross Proceeds: ₹2,783.20 lakhs
  • Issue Expenses: ₹409.27 lakhs
  • Net Issue Proceeds: ₹2,373.93 lakhs
  • Utilization as of March 31, 2026:
  • General Corporate Purposes: ₹282.00 lakhs (fully utilized)
  • Capital Expenditure for Machinery: ₹1,740.28 lakhs out of ₹2,091.93 lakhs allocated
  • Unutilized Amount: ₹351.65 lakhs parked in current account with Yes Bank Limited, Kashipur

Operational Update

  • Commissioned new production facility increasing installed capacity from 7,200 MT to 19,200 MT per annum
  • Commercial operations commenced from March 2, 2026
  • Capacity expansion aligned with IPO objectives

Accounting and Compliance Matters

  • Company operates in single segment (casting)
  • Not adopted IND AS as exempted under MCA notification for SME exchange listed companies
  • Previous period figures regrouped/reclassified for comparability
  • No exceptional or extraordinary items during reporting period
  • Labour codes implementation assessment completed - no material impact expected currently