Board Meeting Details
- Meeting Date: 25th May 2026
- Commencement Time: 05:00 PM
- Conclusion Time: 05:25 PM
- Venue: Corporate Office at Plot No 5&6 (A), Road No 4, Dahod Road Industrial Area, Banswara, Rajasthan
Key Agenda Items and Outcomes
1. Financial Results Approval
The Board approved and adopted the audited financial results for the year ended 31st March 2026 upon recommendation from the Audit Committee.
2. Office Bearers Appointment
The Board approved reappointment of:
- Statutory Auditor
- Internal Auditor
- Scrutinizer
- Secretarial Auditor
- Other office bearers as per statutory requirements
3. Directors' Interest Disclosure
The Board took note of Disclosure of Interest received from Directors for Financial Year 2026-27.
4. Authorization for Statutory Work
Directors Shri Mahavir Sundrawat and Shri Mayur Sundrawat were authorized to handle statutory compliance, execute filings and related matters either jointly or severally. This authorization is valid for FY 2025-26.
5. Credit Facility Approval
The Board approved availing of a loan/credit facility up to an amount not exceeding ₹50 Lakhs from a bank or other sources.
6. Performance Review
Performance review and business proposal was conducted.
Financial Results Summary (₹ in Lakhs)
Quarter Ended 31st March 2026
- Revenue from Operations: ₹252.62
- Total Income: ₹252.62
- Total Expenses: ₹243.45
- Profit Before Tax: ₹9.17
- Tax Expense: ₹0.30
- Net Profit: ₹8.87
- EPS: ₹0.18 (Basic and Diluted)
Year Ended 31st March 2026
- Revenue from Operations: ₹884.02
- Total Income: ₹884.02
- Total Expenses: ₹863.64
- Profit Before Tax: ₹20.38
- Tax Expense: ₹5.69
- Net Profit: ₹14.69
- EPS: ₹0.29 (Basic and Diluted)
Balance Sheet Position as at 31st March 2026 (₹ in Lakhs)
Assets
- Non-current Assets: ₹539.54 (Property, Plant and Equipment)
- Current Assets: ₹367.81
- Inventories: ₹41.40
- Trade Receivables: ₹242.02
- Cash and Cash Equivalents: ₹1.72
- Loans: ₹11.04
- Others: ₹71.63
- Total Assets: ₹907.35
Equity and Liabilities
- Equity Share Capital: ₹507.12
- Other Equity: -₹100.85
- Total Equity: ₹406.27
- Non-current Liabilities: ₹364.25 (Borrowings)
- Current Liabilities: ₹136.82
- Trade Payables: ₹88.48
- Other Current Liabilities: ₹14.03
- Provisions: ₹34.31
- Total Equity and Liabilities: ₹907.35
Cash Flow Statement (Year Ended 31st March 2026)
- Net Cash Flow from Operating Activities: -₹9.88 Lakhs
- Net Cash Flow from Investing Activities: -₹42.28 Lakhs
- Net Cash Flow from Financing Activities: ₹53.55 Lakhs
- Net Increase in Cash: ₹1.39 Lakhs
- Opening Cash Balance: ₹0.33 Lakhs
- Closing Cash Balance: ₹1.72 Lakhs
Key Financial Ratios and Metrics
- Paid-up Equity Share Capital: ₹507.12 Lakhs (unchanged from previous year)
- Earnings Per Share (EPS): ₹0.29 for FY2026
- The company operates primarily in a single segment (over 90% revenue from one segment)
Operational Highlights
- Trial run of the Ball mill plant completed during the quarter ended 31st March 2026
- Previous period figures were regrouped wherever necessary
Audit and Compliance
- Statutory Auditors: M/s Bansilal Shah and Company
- Audit Report: Unmodified opinion issued on audited financial results
- Declaration filed under Regulation 33(3)(d) of SEBI Listing Regulations
- Financial statements prepared in accordance with Indian Accounting Standards (IndAS)
Management Details
- Managing Director: Mahavir N Sundrawat (DIN: 01928303)
- Digital signature verification included in all documents
Additional Information
- Company CIN: L99999MH1992PLC064993
- The audit report included detailed annexures covering property verification, statutory dues, borrowings, and internal financial controls
Auditor's Key Findings
- No material pending litigations affecting financial position
- No fraud reported during the year
- No defaults in loan repayments
- Adequate internal financial controls in place
- Company has not incurred cash losses in current or previous financial year