Board Meeting Details

The Board of Directors meeting was held on Monday, 25th May 2026, starting at 16:00 (4:00 PM) and concluding at 16:45 (4:45 PM).

Key Approvals and Disclosures

1. Audited Financial Results: The Board discussed and approved the Audited Annual Standalone Financial Results for the quarter and year ended March 31, 2026, along with the Statement of Assets & Liabilities and Cash Flow Statement.

2. Auditor's Report: Approved the Standalone Statutory Auditor's Report for the year ended March 31, 2026.

3. Related Party Transactions: Disclosure on Related Party Transactions as per Regulation 23 of SEBI LODR Regulations, 2015, was attached.

4. Appointment of Internal Auditor: Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. S M N K & Co, Chartered Accountants, as the Internal Auditor of the Company for the Financial Year 2026-27 pursuant to Section 138 of the Companies Act, 2013.

5. Change of Registered Office: The Board approved changing the registered office within the local limits of Rajkot city from "West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat, India, 360007" to "Office No. 506-507, R.K. Tower, Shital Park, Rajkot, Gujarat, India, 360007."

Financial Results Highlights (Standalone)

Balance Sheet (as of March 31, 2026, in ₹ lakhs)

  • Total Equity and Liabilities: ₹5,775.37 lakhs (vs. ₹3,370.91 lakhs in FY25)
  • Share Capital: ₹762.20 lakhs (unchanged from FY25)
  • Reserves and Surplus: ₹1,952.70 lakhs (vs. ₹956.32 lakhs in FY25)
  • Non-current Liabilities: ₹974.52 lakhs (vs. ₹413.63 lakhs in FY25)
  • Long-term Borrowings: ₹257.88 lakhs (vs. ₹0 in FY25)
  • Other Long-term Liabilities: ₹716.36 lakhs (vs. ₹413.63 lakhs in FY25)
  • Current Liabilities: ₹2,085.95 lakhs (vs. ₹1,238.76 lakhs in FY25)
  • Short-term Borrowings: ₹88.48 lakhs (vs. ₹7.17 lakhs in FY25)
  • Trade Payables (Due to Others): ₹1,531.07 lakhs (vs. ₹1,080.81 lakhs in FY25)
  • Other Current Liabilities: ₹174.84 lakhs (vs. ₹23.59 lakhs in FY25)
  • Short-term Provisions: ₹291.55 lakhs (vs. ₹127.19 lakhs in FY25)

Assets (as of March 31, 2026, in ₹ lakhs)

  • Non-current Assets: ₹87.44 lakhs (vs. ₹14.04 lakhs in FY25)
  • Property, Plant and Equipment: ₹72.53 lakhs (vs. ₹12.64 lakhs in FY25)
  • Other Non-current Assets: ₹14.91 lakhs (vs. ₹0.90 lakhs in FY25)
  • Current Assets: ₹5,687.93 lakhs (vs. ₹3,356.87 lakhs in FY25)
  • Inventories: ₹3,014.88 lakhs (vs. ₹1,822.52 lakhs in FY25)
  • Trade Receivables: ₹1,708.13 lakhs (vs. ₹658.83 lakhs in FY25)
  • Cash and Cash Equivalents: ₹273.97 lakhs (vs. ₹399.70 lakhs in FY25)
  • Short-term Loans and Advances: ₹651.05 lakhs (vs. ₹468.57 lakhs in FY25)
  • Other Current Assets: ₹39.90 lakhs (vs. ₹7.25 lakhs in FY25)

Statement of Profit and Loss (FY ended March 31, 2026, in ₹ lakhs)

  • Revenue from Operations: ₹20,020.82 lakhs (vs. ₹17,377.72 lakhs in FY25)
  • Total Expenses: ₹18,681.30 lakhs (vs. ₹16,038.20 lakhs in FY25)
  • Cost of Materials Consumed: ₹16,941.56 lakhs (vs. ₹14,943.41 lakhs in FY25)
  • Employee Benefit Expenses: ₹104.20 lakhs (vs. ₹89.14 lakhs in FY25)
  • Finance Costs: ₹28.00 lakhs (vs. ₹2.83 lakhs in FY25)
  • Depreciation and Amortization Expenses: ₹5.74 lakhs (vs. ₹4.37 lakhs in FY25)
  • Other Expenses: ₹602.89 lakhs (vs. ₹457.28 lakhs in FY25)
  • Profit Before Tax: ₹1,339.52 lakhs (vs. ₹1,339.52 lakhs in FY25)
  • Tax Expenses: ₹342.35 lakhs (vs. ₹180.19 lakhs in FY25)
  • Current Tax: ₹343.13 lakhs
  • Deferred Tax: ₹(0.78) lakhs
  • Profit for the Period: ₹996.39 lakhs (vs. ₹581.33 lakhs in FY25)
  • Earnings Per Share (Face Value ₹10 each):
  • Basic: ₹13.07 (vs. ₹7.99 in FY25)
  • Diluted: ₹13.07 (vs. ₹7.99 in FY25)

Cash Flow Statement (FY ended March 31, 2026, in ₹ lakhs)

  • Net Cash from Operating Activities: ₹(371.30) lakhs (vs. ₹(1,128.69) lakhs in FY25)
  • Net Cash from Investing Activities: ₹(65.62) lakhs (vs. ₹(17.91) lakhs in FY25)
  • Net Cash from Financing Activities: ₹311.19 lakhs (vs. ₹1,545.31 lakhs in FY25)
  • Net Increase/(Decrease) in Cash and Cash Equivalents: ₹(125.73) lakhs (vs. ₹398.70 lakhs in FY25)
  • Closing Cash and Cash Equivalents: ₹273.97 lakhs (vs. ₹399.70 lakhs in FY25)

Related Party Transactions (FY26)

The company disclosed the following related party transactions (values in ₹ lakhs):

  • Mehul Vasantbhai Raymagiya (Chairman and Managing Director): Remuneration of ₹18.00
  • Hemali Mehulbhai Raymagiya (Director): Sitting Fees of ₹0.40 and Rent of ₹3.34
  • Irfan Husenbhai Chaudhari (CFO): Salary of ₹3.62
  • Richie Dhrumil Vandra (CS): Salary of ₹1.45

Auditor's Opinion

The Statutory Auditors, M/s. S V P S & Co., Chartered Accountants, issued an unmodified opinion on the standalone financial results, confirming that they give a true and fair view in accordance with applicable accounting standards and SEBI LODR Regulations.

Management Certification

The Managing Director and Chief Financial Officer certified that the financial results do not contain any false or misleading statements or figures and do not omit any material fact.

Internal Auditor Appointment

M/s. S M N K & Co, Chartered Accountants, was appointed as Internal Auditor for FY 2026-27. The firm has over 75 years of cumulative professional experience with offices in Vadodara, Anand, Ahmedabad, Gandhinagar, Rajkot, Indore, and Fatehnagar.

Additional Notes

  • The company operates in one business segment: "Mobile Phones & Accessories" and one geographical segment: India.
  • There were no investor complaints outstanding as of March 31, 2026.
  • Previous year figures have been regrouped/rearranged for comparison.