Board Meeting Details

The Board meeting commenced at 03:30 PM and concluded at 04:00 PM on July 27, 2026.

Agenda Items Approved

1. Standalone and Consolidated Un-audited Financial Results: The Board considered and approved the standalone and consolidated un-audited financial results along with the Limited Review Report of the Statutory Auditors for the first quarter and three months ended June 30, 2026. This approval was based on the recommendation of the Audit Committee of the Company.

2. Appointment of Director: The Board considered and approved the appointment of Mr. Rakesh Aggarwal as an Additional Director under the category of Non-Executive Independent Director of the Company with effect from July 27, 2026.

Standalone Financial Results (Q1 FY27)

Financial Period: Quarter ended June 30, 2026 (Unaudited)

Currency: Indian Rupees (Lakhs)

Income Statement Highlights:

  • Revenue from Operations: ₹698.88 lakh
  • Other Income: ₹8.96 lakh
  • Total Income: ₹707.84 lakh
  • Total Expenses: ₹686.25 lakh
  • Profit Before Tax: ₹21.59 lakh
  • Total Tax Expense: ₹5.39 lakh (Current Tax: ₹5.38 lakh, Deferred Tax: ₹0.01 lakh)
  • Net Profit for the Period: ₹16.20 lakh
  • Total Comprehensive Income for the period: ₹16.20 lakh

Earnings Per Share (Face Value ₹10 each, not annualized):

  • Basic EPS: ₹0.11
  • Diluted EPS: ₹0.11

Capital Structure:

  • Paid-up Equity Share Capital: ₹1,445.00 lakh
  • Other Equity (excluding Revaluation Reserve): ₹568.52 lakh (as of March 31, 2026)

Segment Information (Standalone):

The company operates in three segments: Fabric, Jewellery (Ornaments), and Share Trading.

  • Segment Revenue: Fabric (₹0), Jewellery (₹698.96 lakh), Share Trading (₹0)
  • Segment Result: Fabric (₹0), Jewellery (₹24.07 lakh profit), Share Trading (₹-0.42 lakh loss)
  • Total Segment Result: ₹23.95 lakh
  • Total Profit Before Tax: ₹21.59 lakh

Consolidated Financial Results (Q1 FY27)

Financial Period: Quarter ended June 30, 2026 (Unaudited)

Income Statement Highlights:

  • Total Income: ₹707.84 lakh
  • Total Expenses: ₹686.52 lakh
  • Profit Before Tax: ₹21.31 lakh
  • Share of Associate's Profit: ₹-0.01 lakh
  • Total Tax Expense: ₹5.32 lakh (Current Tax: ₹5.38 lakh, Deferred Tax: ₹-0.06 lakh)
  • Net Profit for the Period: ₹15.99 lakh
  • Profit attributable to Shareholders of the company: ₹16.02 lakh
  • Profit attributable to Non-Controlling Interests: ₹-0.01 lakh
  • Total Comprehensive Income for the period: ₹15.99 lakh

Earnings Per Share (Face Value ₹10 each, not annualized):

  • Basic EPS: ₹0.11
  • Diluted EPS: ₹0.11

Capital Structure:

  • Paid-up Equity Share Capital: ₹1,445.00 lakh
  • Other Equity (excluding Revaluation Reserve): ₹974.10 lakh (as of March 31, 2026)

Segment Information (Consolidated):

  • Segment Revenue: Fabric (₹0), Jewellery (₹698.96 lakh), Share Trading (₹0)
  • Segment Result: Fabric (₹0), Jewellery (₹24.07 lakh profit), Share Trading (₹-0.31 lakh loss)
  • Total Segment Result: ₹23.76 lakh
  • Total Profit Before Tax: ₹21.31 lakh

Notes to Financial Results

1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013.

2. The results were reviewed by the audit committee and approved by the Board of Directors on July 27, 2026.

3. Other expenses for various periods include losses from future and option transactions:

  • Q1 FY27: ₹0.12 lakh (Standalone), ₹0.31 lakh (Consolidated)
  • Q4 FY26: ₹11.30 lakh (Standalone), ₹11.32 lakh (Consolidated)
  • Q1 FY26: ₹5.77 lakh (Standalone), ₹4.48 lakh (Consolidated)
  • FY26: ₹36.69 lakh (Standalone), ₹34.73 lakh (Consolidated)

Auditor's Review Report

Gaur & Associates, Chartered Accountants (FRN: 005354C), issued an unmodified review report on both the standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 issued by ICAI. For the consolidated results, the auditor noted that they did not review the interim financial results of the subsidiary (Mishka Capital Advisors Limited) and associate (Cross River Securities Limited), which reflected total revenues of Nil and total net loss after tax of ₹0.21 lakh for the quarter. Their conclusion is based on financial results provided by management.

Entities Included in Consolidation

  • Subsidiary: Mishka Capital Advisors Limited
  • Associate: Cross River Securities Limited