Board Meeting Details

The Board of Directors meeting was held on Thursday, 28th May, 2026 at the registered office of the Company. The meeting commenced at 3:00 PM and concluded at 5:00 PM.

Business Approved

1. Audited Standalone and Consolidated Financial Results of the Company for the Fourth Quarter and Financial Year ended 31st March, 2026 along with the Auditor's Report.

2. Postal Ballot Notice for seeking approval of the members for regularization/appointment of Mr. Aniruddh Gandhi (DIN: 07912519) as Non-Executive Non-Independent Director.

Standalone Financial Results (All amounts in INR Lakhs)

Quarterly Performance (Q4 FY26)
  • Revenue from Operations: ₹34.69
  • Other Income: ₹265.10
  • Total Income: ₹299.79
  • Total Expenses: ₹104.13
  • Profit Before Tax: ₹195.66
  • Tax Expense: ₹60.11
  • Net Profit: ₹135.55
  • Other Comprehensive Income: ₹1.26
  • Total Comprehensive Income: ₹136.81
Annual Performance (FY26)
  • Revenue from Operations: ₹528.76
  • Other Income: ₹659.82
  • Total Income: ₹1,188.58
  • Total Expenses: ₹741.49
  • Profit Before Tax: ₹447.09
  • Tax Expense: ₹116.62
  • Net Profit: ₹330.47
  • Other Comprehensive Income: ₹1.26
  • Total Comprehensive Income: ₹331.73
Comparison with Previous Year (FY25)
  • Revenue from Operations: FY26 ₹528.76 vs FY25 ₹519.74
  • Other Income: FY26 ₹659.82 vs FY25 ₹268.72
  • Net Profit: FY26 ₹330.47 vs FY25 ₹55.64 (494% increase)

Consolidated Financial Results (All amounts in INR Lakhs)

Annual Performance (FY26)
  • Revenue from Operations: ₹18,480.71
  • Other Income: ₹372.98
  • Total Income: ₹18,853.69
  • Total Expenses: ₹17,747.21
  • Profit Before Tax: ₹1,106.48
  • Tax Expense: ₹176.87 (estimated)
  • Net Profit: ₹929.62
  • Other Comprehensive Income: ₹41.46
  • Total Comprehensive Income: ₹971.08
  • Net Attributable to Owners: ₹1,497.43

Assets and Liabilities Position as at 31st March, 2026

Standalone
  • Total Assets: ₹4,902.16 lakhs
  • Total Equity: ₹3,999.88 lakhs
  • Total Liabilities: ₹902.28 lakhs
  • Paid-up Equity Share Capital: ₹1,360.36 lakhs
  • Other Equity: ₹2,639.52 lakhs
Consolidated
  • Total Assets: ₹17,949.54 lakhs
  • Total Equity: ₹9,581.71 lakhs
  • Total Liabilities: ₹8,367.83 lakhs
  • Paid-up Equity Share Capital: ₹1,360.36 lakhs
  • Other Equity: ₹7,345.60 lakhs

Cash Flow Statements

Standalone FY26
  • Net Cash from Operating Activities: ₹207.53 lakhs
  • Net Cash Used in Investing Activities: ₹(346.72) lakhs
  • Net Cash from Financing Activities: ₹66.11 lakhs
  • Net Decrease in Cash: ₹(72.68) lakhs
  • Cash at Year End: ₹30.00 lakhs
Consolidated FY26
  • Net Cash from Operating Activities: Not clearly quantified
  • Net Cash Used in Investing Activities: ₹(502.94) lakhs
  • Net Cash from Financing Activities: ₹1,267.56 lakhs
  • Net Decrease in Cash: ₹(55.47) lakhs
  • Cash at Year End: ₹124.27 lakhs

Subsidiary Information

The company has two foreign subsidiaries:

1. Maximus Global FZE (which has one subsidiary: Maximus Lubricants LLC, formerly known as Pacific Lubricant LLC)

2. MX Africa Limited (which has one subsidiary: Quantum Lubricants (E.A.) Limited)

Business Segment

The company has a single primary business segment: "Manufacturing and Trading in Lubricant oil and other petro chemical products" with no other reportable segments as per Indian Accounting Standards 108.

CFO Declaration

Milind Joshi, Chief Financial Officer, declared that the statutory auditors have issued an audit report with unmodified opinion on the audited standalone and consolidated financial results for FY ended 31st March, 2026, in compliance with Regulation 33(3)(d) of SEBI Listing Regulations.

Notes to Financial Results

  • Figures for corresponding previous period have been regrouped/reclassified/rearranged where necessary
  • The company's registered office is at 301-304, Sears II, East Wing, Gotri-Sevasi Road, Sevasi, Vadodara - 391101, Gujarat