Financial Results Approval

The Board approved and took on record the Audited Standalone Financial Results for the quarter and year ended March 31, 2026, along with the Auditors' Report on Audited Financial Statements.

Auditor's Opinion

Dividend Recommendation

The Board recommended a dividend of 200% (₹4.00 per equity share) on shares of face value ₹2 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Meeting Details

The Board meeting commenced at 7:00 PM and concluded at 7:35 PM on May 26, 2026.

Financial Performance Highlights (Standalone)

Quarterly Performance (Q4 FY26)

  • Revenue from operations: ₹64.19 crore
  • Total expenses: ₹55.57 crore
  • Profit from operations before exceptional items: ₹8.75 crore
  • Profit before tax: ₹8.75 crore
  • Tax expense: ₹2.88 crore (Current tax: ₹2.88 crore, Deferred tax: -₹0.42 crore)
  • Net profit after tax: ₹6.29 crore
  • Total comprehensive income: ₹5.64 crore

Annual Performance (FY26)

  • Revenue from operations: ₹212.05 crore
  • Total expenses: ₹182.75 crore
  • Profit from operations before exceptional items: ₹36.36 crore
  • Profit before tax: ₹36.36 crore
  • Tax expense: ₹8.78 crore (Current tax: ₹8.78 crore, Deferred tax: ₹0.07 crore)
  • Net profit after tax: ₹27.51 crore
  • Total comprehensive income: ₹26.62 crore

Segment-wise Performance (FY26)

Engineering Division:

  • Revenue: ₹176.50 crore
  • Segment profit before tax: ₹45.52 crore

Food Division:

  • Revenue: ₹35.56 crore
  • Segment profit before tax: ₹4.03 crore

Balance Sheet Position (as at March 31, 2026)

  • Total assets: ₹314.90 crore
  • Total equity: ₹249.34 crore (Share capital: ₹4.01 crore, Other equity: ₹245.33 crore)
  • Total liabilities: ₹65.56 crore
  • Current assets: ₹236.06 crore
  • Inventories: ₹78.84 crore
  • Trade receivables: ₹62.79 crore
  • Cash and cash equivalents: ₹6.73 crore

Cash Flow Statement (FY26)

  • Cash generated from operating activities: ₹21.85 crore
  • Net cash from operating activities: ₹-18.77 crore
  • Net cash from investing activities: ₹24.27 crore
  • Net cash used in financing activities: ₹-8.22 crore
  • Net decrease in cash & cash equivalents: ₹-2.72 crore
  • Cash & cash equivalents at year-end: ₹6.73 crore

Key Financial Ratios and Metrics

  • Paid-up equity share capital: ₹4.01 crore (Face value ₹2 per share)
  • Other equity excluding Revaluation Reserve: ₹245.33 crore (compared to ₹225.92 crore previous year)

Notes to Financial Results

1. The financial results were prepared in accordance with Ind-AS as prescribed under Section 133 of the Companies Act, 2013.

2. The incremental impact of new labor codes on employee benefit costs was not material for the quarter or year-end.

3. Segment information is reported as per Ind AS 108 with two segments: Engineering Division and Food Division.

4. Figures of previous periods have been regrouped/reclassified where necessary.

Auditor Confirmation

The independent auditor, Mayank Shah & Associates, confirmed that the standalone financial results:

(a) are presented in accordance with Regulation 33 of SEBI LODR Regulations

(b) give a true and fair view in conformity with Indian Accounting Standards

The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.