Financial Results Summary (Rs. in lakhs)
Quarter Ended June 30, 2026 (Q1 FY27):
- Revenue from Operations: ₹2,483.91 lakhs
- Total Income: ₹2,483.91 lakhs
- Total Expenses: ₹2,341.91 lakhs
- Profit Before Tax: ₹142.00 lakhs
- Total Tax Expenses: ₹36.94 lakhs (Current Tax: ₹36.92 lakhs, Deferred Tax: ₹0.02 lakhs)
- Net Profit for the period: ₹105.06 lakhs
- Earnings Per Share (Basic & Diluted): ₹0.13
- Paid-up Equity Share Capital: ₹7,946.14 lakhs
- Face Value per Share: ₹10.00
Comparative Performance:
- Previous Quarter (March 31, 2026): Net Profit ₹114.72 lakhs, EPS ₹0.17
- Year-ago Quarter (June 30, 2025): Net Loss ₹22.88 lakhs, EPS (₹0.33)
- Year-to-date (March 31, 2026): Net Profit ₹222.60 lakhs, EPS ₹0.33
Corporate Office Relocation
The Board approved shifting of the corporate office from Shop-511 Pratik Mall, Near City Pulse Theatre, Kudasan, Gandhi Nagar, Gandhinagar, Gujarat, India, 382421 to Office No. A-404, Titanium Square, S.G. Highway, Thaltej, Ahmedabad, Gujarat with effect from August 11, 2026.
Capital Structure Changes
During the quarter, the company converted 1,17,15,000 warrants into equity shares upon receipt of ₹15,81,52,500 comprising the face value and a share premium of ₹13.50 per share from each subscriber.
Auditor's Limited Review Report
SK Bhavsar & Co., Chartered Accountants issued a limited review report with the following emphasis of matter points:
- Unable to verify sales/purchase transactions and end-utilization of ₹15.82 crore funds raised through warrant conversion
- Unable to verify physical stock/inventory as at June 30, 2026 as management representation letter not furnished
- Unable to confirm certain trade receivable and trade payable balances due to lack of confirmations
- Company gave interest-free advances aggregating ₹22.84 crores during the quarter without adequate supporting documentation
Meeting Details
The Board meeting commenced at 08:00 PM and concluded at 09:00 PM on August 11, 2026.