Board Meeting Details

The Board of Directors meeting was held on Friday, 06th November, 2026 at the company's registered office in Rajkot. The meeting commenced at 16:00 (4:00 PM) and concluded at 17:00 (5:00 PM).

Key Financial Results (Half Year Ended September 30, 2026)

Financial Performance (₹ in lakhs):

  • Revenue from Operations: ₹10,889.28 (compared to ₹9,377.57 in H1 FY26)
  • Other Income: ₹43.83 (compared to ₹0.16 in H1 FY26)
  • Total Income: ₹10,933.11 (compared to ₹9,377.72 in H1 FY26)
  • Total Expenses: ₹10,181.81 (compared to ₹8,736.98 in H1 FY26)
  • Profit Before Tax: ₹751.30 (compared to ₹640.74 in H1 FY26)
  • Tax Expenses: Current Tax ₹196.53, Deferred Tax (₹0.37)
  • Net Profit for Period: ₹555.14 (compared to ₹477.12 in H1 FY26)

Earnings Per Share:

  • Basic EPS: ₹5.31 (compared to ₹6.26 in H1 FY26)
  • Diluted EPS: ₹5.31 (compared to ₹6.26 in H1 FY26)
  • Number of Equity Shares: 1,04,51,600 (Face Value ₹10 each)

Balance Sheet Position (As on September 30, 2026)

Equity and Liabilities (₹ in lakhs):

  • Share Capital: ₹1,045.16 (increased from ₹762.20 as of March 31, 2026)
  • Reserves and Surplus: ₹4,744.47 (increased from ₹1,952.70 as of March 31, 2026)
  • Long-term Borrowings: ₹260.94
  • Other Long-term Liabilities: ₹1,118.02
  • Trade Payables: ₹2,117.13
  • Total Equity and Liabilities: ₹9,801.15

Assets (₹ in lakhs):

  • Property, Plant and Equipment: ₹119.19
  • Other Non-current Assets: ₹33.29
  • Inventories: ₹5,264.98
  • Trade Receivables: ₹1,995.22
  • Cash and Cash Equivalents: ₹1,186.95
  • Short-term Loans and Advances: ₹1,069.38
  • Other Current Assets: ₹132.05
  • Total Assets: ₹9,801.15

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash Used in Operating Activities: (₹1,630.02)
  • Net Cash Used in Investing Activities: (₹48.30)
  • Net Cash Generated from Financing Activities: ₹2,591.31
  • Net Increase in Cash and Cash Equivalents: ₹912.98
  • Closing Cash Balance: ₹1,186.95

IPO Fund Utilization

The company completed its Initial Public Offer on the BSE SME platform:

  • Issue Opening Date: Friday, April 17, 2026
  • Issue Closing Date: Tuesday, April 21, 2026
  • Total Amount Raised: ₹2,495.71 lakh (net proceeds)

Fund Utilization as of September 30, 2026:

  • Working Capital Needs: ₹1,437.06 lakh utilized out of ₹2,295.00 lakh allocated
  • General Corporate Purposes: ₹0.00 utilized out of ₹200.71 lakh allocated
  • Total Unutilized Amount: ₹1,058.65 lakh
  • All unutilized IPO proceeds have been placed in Fixed Deposits with a scheduled commercial bank

Auditor Reports and Certifications

Statutory Auditors: M/s. S V P S & CO - Chartered Accountants

Limited Review Report: The auditors issued an unqualified opinion stating that the standalone financial results:

  • Are presented in accordance with Regulation 33 of LODR Regulations
  • Give a true and fair view in conformity with applicable accounting standards

IPO Fund Utilization Certificate: The auditors certified that there is no deviation in the utilization of IPO proceeds from the objects stated in the Prospectus dated April 21, 2026.

Management Certifications

Regulation 33(2) Certification: Managing Director Mehul Vasantbhai Raymagiya and Chief Financial Officer Irfan Husenbhai Chaudhari certified that the financial results do not contain any false or misleading statements or figures and do not omit any material fact.

Additional Information

  • The company has one business segment: 'Mobile Phones & Accessories'
  • No investor complaints outstanding as of September 30, 2026
  • Previous year figures have been regrouped/rearranged for comparison
  • The company is exempt from adopting Indian Accounting Standards (Ind AS) as it is listed on SME Exchange