Key Financial Figures

Financial Performance (FY 2025-26 vs FY 2024-25):

  • Revenue from Operations: ₹7,008.96 lakh (prev. ₹4,067.78 lakh) - 72.30% growth
  • Other Income: ₹40.67 lakh (prev. ₹0.84 lakh)
  • Total Income: ₹7,049.64 lakh (prev. ₹4,068.62 lakh) - 73.27% growth
  • Total Expenses: ₹6,199.92 lakh (prev. ₹3,508.43 lakh) - 76.72% increase
  • Profit Before Depreciation, Interest & Tax: ₹1,039.62 lakh (prev. ₹657.05 lakh) - 58.22% growth
  • Profit After Tax: ₹632.01 lakh (prev. ₹410.79 lakh) - 53.85% growth

Cash Flow and Financial Position:

  • Net cash flow from operating activities: ₹648.06 lakh (prev. ₹262.05 lakh)
  • Investment in fixed assets: ₹740.62 lakh
  • Cash and cash equivalents: ₹6.94 lakh as at March 31, 2026 (prev. ₹1.48 lakh)
  • Debt-Equity Ratio: 0.34 (prev. 0.40)
  • Trade Receivable Turnover: 10.06 times (prev. 7.55 times)
  • Net Capital Turnover: 16.33 times (prev. 7.84 times)
  • Return on Capital Employed: 0.53 (prev. 0.40)

Important Dates

  • Financial Year: April 1, 2025 to March 31, 2026
  • IPO Listing Date: June 24, 2026 on BSE SME Platform
  • AGM Date: September 24, 2026 at 11:00 AM IST through Video Conferencing
  • Register of Members closure: September 18, 2026 to September 24, 2026
  • E-voting period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)

Corporate Actions

Dividend:

  • No dividend recommended for FY 2025-26
  • Company policy focuses on reinvestment for future growth

AGM Business Items:

1. Ordinary Business:

  • Adoption of audited standalone financial statements for FY 2025-26
  • Re-appointment of Mrs. Hetal Hitesh Bhuva (DIN: 08948784) as director retiring by rotation

2. Special Business:

  • Special resolution to alter Main Object Clause of Memorandum of Association to expand business activities including:
  • Hardware, Architectural Hardware & Engineering Products
  • Pumps, Motors, Water Management, Electrical & Automation Products
  • Precision Engineering, Renewable Energy, EPC & Infrastructure
  • Government, PSU & International Tender Business
  • Trading, Import, Export & Commercial Activities

Capital Structure

  • Authorized Capital: ₹4.50 crore (45,00,000 equity shares of ₹10 each)
  • Paid-up Capital: ₹3.00 crore (30,00,000 equity shares of ₹10 each)
  • No change in share capital during the year

Business Operations

Manufacturing Facilities:

  • Location: Shapar, Rajkot, Gujarat
  • Area: Approximately 12,632 square feet
  • ISO 9001:2015 certified facility
  • Equipment includes power presses, injection moulding machines, CNC machines, welding equipment

Product Portfolio:

  • Manufactures 150+ specifications of hardware products
  • Products include cut and butt hinges, railway hinges, tower bolts, gate hooks, door kits, screws
  • Serves sectors including housing, infrastructure, agriculture, automotive, power, cement, mining

Market Presence:

  • Primarily domestic market with presence across 9 States and Union Territories
  • Gujarat contributes majority of revenue
  • B2B business model

Corporate Governance

Board of Directors:

1. Mr. Hiteshbhai Mansukhbhai Bhuva - Managing Director

2. Mrs. Hetal Hitesh Bhuva - Director

3. Mr. Mihir Narayanbhai Vyas - Independent Director

4. Mr. Amar Manohar Petiwale - Independent Director

Key Managerial Personnel:

1. Mr. Hiteshbhai Mansukhbhai Bhuva - Managing Director

2. Mrs. Femina Vipulbhai Bhuva - CFO

3. Ms. Pooja Nakul Jain - Company Secretary & Compliance Officer

Board Meetings:

  • 9 meetings held during FY 2025-26
  • All directors attended all meetings

Committees:

  • Audit Committee: 5 meetings held
  • Nomination and Remuneration Committee: 1 meeting held
  • Stakeholder's Relationship Committee: 1 meeting held

Auditors:

  • Statutory Auditors: M/s. D G M S & Co., Chartered Accountants
  • Secretarial Auditor: M/s. HRU & Associates, Practicing Company Secretaries
  • Internal Auditor: M/s B B Gusani & Associates, Chartered Accountants

Registrars & Transfer Agent:

  • KFin Technologies Limited

Secretarial Audit Report:

  • No qualifications, reservations or adverse remarks
  • Company complied with applicable statutory provisions

CSR Activities

  • CSR obligation: ₹6.44 lakh (2% of average net profit)
  • Amount spent: ₹6.44 lakh on maintaining quality of water projects
  • No separate CSR committee constituted (amount below ₹50 lakh threshold)

Related Party Transactions

  • All transactions entered at arm's length basis
  • Transactions with KMPs and their relatives:
  • Mr. Hiteshbhai Mansukhbhai Bhuva: Managerial remuneration ₹12.00 lakh
  • Mrs. Hetal Hitesh Bhuva: Managerial remuneration ₹9.00 lakh
  • Mrs. Femina Bhuva: Salary ₹7.50 lakh

Risk Factors

Identified Business Risks:

  • Raw material price risk (steel, stainless steel, brass, aluminium, iron)
  • Inventory risk (turnover ratio declined from 11.37 to 8.39 times)
  • Market and competition risk
  • Customer and receivable risk
  • Operational risk
  • Regulatory and compliance risk

Future Outlook

Strategic Focus Areas:

  • Increasing order-taking capabilities
  • Enhancing production efficiency and product quality
  • Expanding geographical distribution network
  • Upgrading manufacturing infrastructure
  • Expanding product portfolio
  • Improving financial and working capital efficiency

Additional Information

  • No subsidiary, associate or joint venture companies
  • No deposits accepted from public
  • No material changes and commitments affecting financial position
  • Properties adequately insured
  • No sexual harassment complaints received
  • No investor complaints received through SCORES platform