Board Meeting Details

The Board meeting was held on August 10, 2026, commencing at 15:30 Hours and concluding at 17:00 Hours IST.

Key Approvals and Decisions

  • Approved Un-Audited Financial Results along with Limited Review report of Statutory Auditors for quarter ended June 30, 2026
  • Approved Notice with explanatory Statement of Annual General Meeting and Director's Report for year ended March 31, 2026
  • Finalized 31st Annual General Meeting on Tuesday, September 29, 2026 at 3:00 P.M. through Video Conferencing/Other Audio Visual Means
  • Register of Members and Share Transfer Books will be closed from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive) for AGM and Dividend
  • Fixed record date (Cut-off date) as Tuesday, September 22, 2026 for payment of final dividend and facilitating remote E-voting

Trading Window Update

Trading Window for trading in Equity Shares by all Designated Persons and their immediate relatives will be opened from Monday, August 16, 2026 onwards under the Lahoti - Prevention of Insider Trading Code.

Standalone Financial Results (Quarter Ended June 30, 2026)

Income Statement Highlights (₹ in Lakhs):

  • Total Revenue From Operations: ₹8,840.41
  • Other Income: ₹256.90
  • Total Income: ₹9,211.36
  • Total Expenses: ₹8,883.60
  • Profit Before Tax: ₹327.76
  • Tax Expense: ₹19.38 (Current tax: ₹54.25, Deferred tax: ₹(34.88))
  • Net Profit for the period: ₹308.38
  • Other Comprehensive Income: ₹136.92
  • Total Comprehensive Income: ₹445.30
  • Basic EPS: ₹1.06 (Face value ₹2/-)
  • Diluted EPS: ₹1.06

Comparative Performance:

  • Net Profit increased 34.7% from ₹160.58 lakhs in Q1 FY26
  • Revenue increased 2.2% from ₹8,648.89 lakhs in Q1 FY26

Segment-wise Performance (Standalone)

The company has two reportable segments: Export/Trading Division and Power Division.

Quarter Ended June 30, 2026 (₹ in Lakhs):

  • Export/Trading Division Revenue: ₹8,774.57
  • Power Division Revenue: ₹75.30
  • Export/Trading Division Segment Result: ₹9.94 (Profit)
  • Power Division Segment Result: ₹42.92 (Profit)
  • Total Segment Assets: ₹24,839.75
  • Total Segment Liabilities: ₹2,948.93
  • Total Capital Employed: ₹21,890.82

Consolidated Financial Results (Quarter Ended June 30, 2026)

Income Statement Highlights (₹ in Lakhs):

  • Total Revenue From Operations: ₹8,840.41
  • Other Income: ₹256.14
  • Unrealised Gain/Loss (net): ₹115.27
  • Total Income: ₹9,211.83
  • Total Expenses: ₹8,881.93
  • Profit Before Tax: ₹329.90
  • Tax Expense: ₹19.90 (Current tax: ₹54.92, Deferred tax: ₹(35.02))
  • Net Profit for the period: ₹310.00
  • Other Comprehensive Income: ₹136.92
  • Total Comprehensive Income: ₹446.92
  • Basic EPS: ₹1.06 (Face value ₹2/-)
  • Diluted EPS: ₹1.06

Subsidiary Performance

Consolidated results include:

  • G Varadan Limited: Net profit of ₹10.54 Lakhs for the quarter
  • Innovative Spintex Private Limited: Net loss of ₹0.77 Lakhs for the quarter

Auditor Review

P C Ghadiali and Co LLP conducted limited review of both standalone and consolidated financial results and concluded that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Financial Statement Preparation

The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013.