Summary of Key Information:

Reporting Period: Quarter and Financial Year ended March 31, 2026

Nature of Filing: Outcome of Board Meeting under SEBI LODR Regulations

Audit Opinion:

Qualified Opinion - The auditor issued a qualified opinion on both standalone and consolidated financial results due to several material issues.

Key Financial Highlights [Rs. in Lakhs]:

Standalone Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: 1,394.88
  • Total Income: 1,558.10
  • Net Profit: 155.76
  • EPS: ₹0.59

Year ended March 31, 2026:

  • Revenue from Operations: 5,383.99 (vs. 5,493.93 in FY25, -2.0% YoY)
  • Total Income: 5,574.67 (vs. 5,522.46 in FY25, +0.9% YoY)
  • Net Profit: 59.34 (vs. loss of 157.44 in FY25)
  • EPS: ₹0.23 (vs. loss of ₹0.60 in FY25)
  • Cash and Cash Equivalents: 3.71 (vs. 875.80 in FY25, -99.6%)
  • Other Equity: 5,099.66

Consolidated Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: 1,714.35
  • Total Income: 1,877.57
  • Net Loss: 62.92
  • EPS: ₹0.30

Year ended March 31, 2026:

  • Revenue from Operations: 7,808.03 (vs. 9,191.01 in FY25, -15.0% YoY)
  • Total Income: 7,998.72 (vs. 9,219.51 in FY25, -13.2% YoY)
  • Net Profit: 20.65 (vs. 264.45 in FY25, -92.2% YoY)
  • EPS: ₹1.30 (vs. ₹1.25 in FY25)
  • Cash and Cash Equivalents: 733.93
  • Other Equity: 5,878.39

Segment-wise Performance [Rs. in Lakhs]:

The company operates in three segments: Garment Trading, Rock Salt, and Others.

Standalone FY26 Performance:

  • Garment Segment: Revenue 2,712.75, Segment Result -376.47
  • Rock Salt Segment: Revenue 2,460.36, Segment Result 608.50
  • Others Segment: Revenue 210.88, Segment Result 8.54

Consolidated FY26 Performance:

  • Garment Segment: Revenue 5,347.67, Segment Result -409.40
  • Rock Salt Segment: Revenue 2,460.36, Segment Result 608.50
  • Others Segment: Revenue not specified, Segment Result 8.54

Corporate Actions:

Rights Issue:

  • Approved raise of funds up to ₹14.50 crore through rights issue of equity shares (face value ₹10 each)
  • Subject to regulatory approvals and shareholder approval
  • Record date to be notified subsequently

Authorized Share Capital Increase:

  • Approved increase from existing ₹28 crore to ₹40.60 crore
  • Subject to shareholder approval through postal ballot

Dividend:

Not declared

Other Significant Information:

Impact of Audit Qualifications (Standalone):

If qualifications were adjusted:

  • Net Profit would be ₹-1,388.23 lakhs instead of ₹63.35 lakhs
  • EPS would be ₹-5.27 instead of ₹0.23
  • Total Assets would be ₹6,309.95 lakhs instead of ₹7,951.33 lakhs
  • Net Worth would be ₹3,458.28 lakhs instead of ₹5,099.66 lakhs

Impact of Audit Qualifications (Consolidated):

If qualifications were adjusted:

  • Net Profit would be ₹-1,426.92 lakhs instead of ₹24.65 lakhs
  • EPS would be ₹-5.42 instead of ₹1.30
  • Total Assets would be ₹9,744.83 lakhs instead of ₹11,386.21 lakhs
  • Net Worth would be ₹6,871.47 lakhs instead of ₹8,512.85 lakhs

Management's Response to Qualifications:

  • For inventory issues: Claims refurbishing stock and tie-ups with TV serial directors for costume use
  • For doubtful loans: Claims full recoverability and initiatives to collect old advances
  • For gratuity: In process of obtaining actuarial valuation
  • For internal controls: Taken remedial steps for stock management

Subsidiary Information:

  • Includes results of wholly-owned subsidiary LIBAS CONSUMER PRODUCTS LIMITED FZE LLC (Ajman, U.A.E)
  • Subsidiary contributed Total Assets of ₹3,204.94 lakhs and Revenue of ₹833.10 lakhs for Q4 FY26