Financial Results Summary (₹ in Lakhs)

Income Statement Highlights

For Year Ended 31st March 2026 (Audited):

  • Revenue from operations: ₹1,442.36 lakhs (Previous year: ₹1,018.35 lakhs)
  • Other income: ₹80.19 lakhs (Previous year: ₹58.73 lakhs)
  • Total income: ₹1,522.55 lakhs (Previous year: ₹1,077.09 lakhs)

Expenses:

  • Cost of materials consumed: ₹1,147.30 lakhs
  • Employee benefits expense: ₹115.93 lakhs
  • Finance costs: ₹37.70 lakhs
  • Depreciation and amortization: ₹51.29 lakhs
  • Other expenses: ₹75.84 lakhs
  • Total expenses: ₹1,498.14 lakhs

Profitability:

  • Profit before tax: ₹19.13 lakhs (Previous year: ₹6.71 lakhs)
  • Tax expense: ₹17.00 lakhs (Current tax) and deferred tax credit of ₹9.22 lakhs
  • Net profit for the year: ₹11.35 lakhs (Previous year: ₹8.28 lakhs)

For Half-Year Ended 31st March 2026 (Audited):

  • Revenue from operations: ₹898.72 lakhs
  • Other income: ₹72.82 lakhs
  • Net profit: ₹13.27 lakhs

Key Metrics

  • Paid-up equity share capital: ₹6,86,99,360 (Face value: ₹10)
  • Earnings per share (Basic): ₹0.17 for full year, ₹0.19 for half-year
  • Earnings per share (Diluted): ₹0.17 for full year, ₹0.19 for half-year

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 28th May 2026.

2. Statutory auditors VCA & Associates issued an unmodified opinion on the standalone financial results.

3. The company is exempt from adopting IND-AS as per MCA Notification G.S.R. 111(E) dated 16th February 2015, and follows Accounting Standards prescribed under Companies Act 2013.

4. The company has one reportable business segment: Household furnishings.

5. The company recognized ₹2.74 lakhs in employee benefit expense related to new Labour Codes based on actuarial valuation.

6. Number of investor complaints received and resolved during the period: Nil

Cash Flow Statement (₹ in Lakhs)

For Year Ended 31st March 2026:

  • Net cash from operating activities: ₹113.06 lakhs
  • Net cash used in investing activities: ₹280.47 lakhs (including fixed asset purchases of ₹185.31 lakhs)
  • Net cash from financing activities: ₹116.11 lakhs (mainly from net borrowings of ₹153.81 lakhs)
  • Net decrease in cash equivalents: ₹51.29 lakhs
  • Closing cash balance: ₹93.00 lakhs

Related Party Transactions

Disclosed pursuant to regulatory requirements for the reporting period:

Remuneration/Sitting Fees:

  • Divyesh Vipinchandra Modi (Managing Director): ₹1.08 lakhs
  • Nandish Shaileshbhai Jani (Independent Director): ₹0.22 lakhs sitting fees
  • Nidhi Bansal (Independent Director): ₹0.18 lakhs sitting fees
  • Malvik Sureshkumar Mehta (CFO): ₹6.34 lakhs remuneration
  • Hardika Ladha (Company Secretary): ₹1.20 lakhs salary

Loan Transactions:

  • Divyesh Vipinchandra Modi: Opening balance ₹65.79 lakhs, repayment ₹3.85 lakhs, closing balance ₹61.95 lakhs
  • Khyati Divyesh Modi: Opening balance ₹87.88 lakhs, repayment ₹3.10 lakhs, closing balance ₹84.78 lakhs

Audit and Compliance

  • The statutory auditor, VCA & Associates, issued an unmodified opinion on the financial results.
  • The company declared no defaults in payment of outstanding loans or debt securities.
  • No deviation or variation in proceeds of public issue, rights issue, preferential issue, or QIP.

The financial results have been prepared in accordance with Accounting Standards under Section 133 of the Companies Act 2013 and comply with SEBI Listing Regulations.