MARDIA SAMYOUNG CAPILLARY TUBES COMPANY LIMITED

Financial Performance (Quarter Ended June 30, 2026)

Income Statement Highlights:

  • Total Income (Net): ₹24.84 lakh
  • Other Income: ₹0.00
  • Total Expenses: ₹23.42 lakh
  • Cost of Materials Consumed: ₹0.00
  • Purchases of Stock-in-trade: ₹25.54 lakh
  • Changes in inventories of Stock-in-Trade: (₹2.20 lakh)
  • Employee benefits expenses: ₹31,500
  • Finance Cost: ₹0.00
  • Depreciation and Amortization Expenses: ₹500
  • Other Expenses: ₹47,100
  • Profit before Tax: ₹1.42 lakh
  • Tax Expenses: ₹36,940
  • Current Tax: ₹36,920
  • Deferred Tax: ₹200
  • Tax of Earlier Years: ₹0.00
  • Net Profit for the period from continuing Operations: ₹1.05 lakh
  • Net Profit from Discontinuing operations: ₹0.00
  • Net Profit (Loss) for the period: ₹1.05 lakh
  • Total Comprehensive income for the period: ₹1.05 lakh

Earnings Per Share:

  • Basic EPS from Continuing operations: ₹0.13
  • Diluted EPS from Continuing operations: ₹0.13
  • Basic EPS from discontinuing operations: ₹0.00
  • Diluted EPS from discontinuing operations: ₹0.00
  • Basic EPS from Continuing and discontinuing operations: ₹0.13

Capital Structure Changes

  • During the quarter, the company converted 1,17,15,000 warrants into equity shares
  • Total funds received: ₹15,81,52,500 comprising face value and share premium of ₹13.50 per share
  • Paid-up Equity Share Capital: ₹79.46 lakh
  • Face Value of Equity Share Capital: ₹10.00

Segment Information

  • The company operates within a single primary segment: "Trading of Agriculture Product"
  • Disclosure requirement of Ind AS 108 - Operating Segments is not applicable as per management

Auditor's Qualifications (Emphasis of Matter)

The statutory auditors, S K Bhavsar & Co., issued an emphasis of matter noting several limitations:

  • Inability to verify sales invoices, purchase invoices and documents necessary to verify sales/purchase transactions
  • Unable to comment on end-utilization of ₹15.82 crore funds raised through warrant conversion
  • Physical stock/inventory as at 30th June 2026 not verified, and Management Representation Letter not furnished
  • Confirmations for certain trade receivable and trade payable balances not obtained
  • Company gave interest-free advances aggregating ₹22.84 crores during the quarter without adequate supporting documentation
  • Unable to comment on recoverability and business rationale of these advances