Board Meeting Details

The Board meeting commenced at 07:30 PM and concluded at 08:00 PM on Tuesday, 26th May 2026.

Key Agenda Items Approved

1. Standalone Audited Financial Results: Approved the Standalone Audited Financial Results along with Audit Report for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board.

2. Registered Office Shift: Approved shifting of the Registered Office of the Company from the State of Rajasthan, Jaipur to the State of Maharashtra, Mumbai, subject to approval of shareholders through Postal Ballot.

3. Internal Auditor Appointment: Appointed M/s. Kishan Patel & Associates, Chartered Accountants (FRN: 151318) as Internal Auditor of the Company for Financial Year 2026-27 in compliance with Section 138 of the Companies Act, 2013.

4. Secretarial Auditor Resignation: Noted and accepted the resignation of Secretarial Auditor, Ms. Krina Gokulkumar Shah, Practicing Company Secretary (Membership No. A66521 & COP No. 27764), effective 26th May 2026 due to personal reasons.

5. New Secretarial Auditor Appointment: Approved appointment of M/s Pooja M Patel & Associates, Practicing Company Secretary as Secretarial Auditor for Financial Year 2026-27 to fill the casual vacancy, subject to shareholder approval through Postal Ballot.

6. Postal Ballot Matters: Approved notice of Postal Ballot for seeking shareholder approval for:

  • Shifting of Registered Office from Rajasthan to Maharashtra
  • Regularization of Additional Director Ms. Shweta as Non-Executive Independent Director for five years
  • Appointment of M/s Pooja M Patel & Associates as Secretarial Auditor

7. Scrutinizer Appointment: Appointed M/s Pooja M Patel (Membership No. A60023 & COP No. 28609), Practicing Company Secretary, as Scrutinizer for conducting the e-voting process.

Financial Results Summary (₹ in Lakhs)

Year Ended March 31, 2026 (Audited):

  • Total Revenue from Operations: ₹238.80
  • Other Income: ₹25.60
  • Total Income: ₹264.40
  • Total Expenses: ₹111.34
  • Profit Before Tax: ₹153.06
  • Tax Expense: ₹72.48 (Current Tax: ₹38.52, Deferred Tax: ₹4.76, Prior Year Taxes: ₹29.20)
  • Profit for the Period: ₹80.58
  • Transfer to Statutory Reserve: ₹16.12
  • Profit Transfer to Reserves: ₹64.46
  • Total Comprehensive Income: ₹80.58
  • Paid-up Equity Share Capital: ₹2,283.52 (Face Value ₹10 each)
  • Basic EPS: ₹0.35
  • Diluted EPS: ₹0.35

Quarter Ended March 31, 2026 (Audited):

  • Total Revenue from Operations: ₹66.21
  • Total Income: ₹66.21
  • Total Expenses: ₹40.90
  • Profit Before Tax: ₹25.31
  • Tax Expense: ₹10.66 (Current Tax: ₹5.30, Deferred Tax: ₹4.76, Prior Year Taxes: ₹0.60)
  • Profit for the Period: ₹14.64
  • Transfer to Statutory Reserve: ₹2.60
  • Profit Transfer to Reserves: ₹11.71
  • Total Comprehensive Income: ₹11.71
  • Basic EPS: ₹0.05
  • Diluted EPS: ₹0.05

Comparative Figures (₹ in Lakhs)

Year Ended March 31, 2025 (Audited):

  • Total Revenue from Operations: ₹1,042.15
  • Other Income: ₹37.58
  • Total Income: ₹1,079.73
  • Total Expenses: ₹427.88
  • Profit Before Tax: ₹651.85
  • Tax Expense: ₹183.02 (Current Tax: ₹186.93, Deferred Tax: -₹3.91)
  • Profit for the Period: ₹468.83
  • Transfer to Statutory Reserve: ₹93.76
  • Profit Transfer to Reserves: ₹375.07
  • Total Comprehensive Income: ₹375.07
  • Paid-up Equity Share Capital: ₹95.15
  • Basic EPS: ₹39.42
  • Diluted EPS: ₹39.42

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

Liabilities:

  • Financial Liabilities: ₹6.40
  • Current Tax Liabilities: ₹38.52
  • Other Non-financial Liabilities: ₹46.70
  • Equity Share Capital: ₹2,283.52
  • Other Equity: ₹991.86

Assets:

  • Cash & Cash Equivalents: ₹6.66
  • Receivables: ₹3,355.67
  • Loans: ₹4.68
  • Investments: ₹3,367.01
  • Total Assets: ₹3,367.01

Cash Flow Statement for Year Ended March 31, 2026 (₹ in Lakhs)

  • Net Cash Used in Operating Activities: ₹(221.39)
  • Net Cash from Investing Activities: ₹24.49
  • Net Cash from Financing Activities: ₹46.22
  • Net Decrease in Cash: ₹(150.68)
  • Opening Cash Balance: ₹157.34
  • Closing Cash Balance: ₹6.66

Auditor's Report Details

M/s. K P C M & Co., Chartered Accountants (FRN 117390W) issued an unmodified audit opinion on the annual audited standalone financial results. The audit was conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

Emphasis of Matter: The Company did not have a formally established internal audit framework during the period. Management oversight and administrative controls served as primary monitoring mechanisms. The Company represented that steps are being taken to implement an independent internal audit system.

Material Uncertainty: The financial statements have been prepared on a going concern basis, with no modified opinion in this respect.

Corporate Actions

  • Increased authorized share capital from ₹2.37 Crores to ₹23 Crores
  • Issued Bonus Equity Shares at ratio of 23:1 [23 Bonus Equity Shares of ₹10 each for every 1 Fully Paid-up Equity Share] on Record Date 02 January 2026

Declaration

Kurjibhai Premjibhai Rupareliya, Managing Director, declared that statutory auditors issued an audit report with unmodified opinion on annual audited standalone financial results for year ended March 31, 2026, in compliance with Regulation 33(3)(d) of SEBI Listing Regulations.

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