Date: 29th May 2026

Financial Results (Standalone)

Income Statement Highlights (Quarter ended March 31, 2026)

  • Total Income: ₹225.39 lacs (compared to ₹872.04 lacs in Q4 FY25)
  • Total Expenses: ₹1,123.77 lacs
  • Loss before tax: ₹(898.38) lacs
  • Tax expense: ₹(76.90) lacs (earlier year) + ₹97.46 lacs (deferred tax)
  • Net Loss: ₹(918.94) lacs
  • Other Comprehensive Income/(loss): ₹(416.93) lacs
  • Total Comprehensive Income/(loss): ₹(1,335.87) lacs

Income Statement Highlights (Year ended March 31, 2026)

  • Total Income: ₹1,830.68 lacs (compared to ₹3,439.63 lacs in FY25)
  • Total Expenses: ₹3,776.58 lacs
  • Loss before tax: ₹(1,945.90) lacs
  • Tax expense: ₹(76.90) lacs (earlier year) + ₹72.32 lacs (deferred tax)
  • Net Loss: ₹(1,941.32) lacs
  • Other Comprehensive Income/(loss): ₹(673.18) lacs
  • Total Comprehensive Income/(loss): ₹(2,614.50) lacs

Balance Sheet (Standalone as at March 31, 2026)

  • Total Assets: ₹43,225.09 lacs (compared to ₹45,268.27 lacs as at March 31, 2025)
  • Non-current assets: ₹36,654.37 lacs
  • Current assets: ₹6,570.72 lacs
  • Total Equity: ₹36,762.45 lacs
  • Non-current liabilities: ₹3,641.94 lacs
  • Current liabilities: ₹2,820.70 lacs

Key Metrics (Standalone)

  • Paid-up equity share capital: ₹2,504.05 lacs (Face value ₹10/- per share)
  • Basic and Diluted EPS: ₹(7.75) for FY26 (compared to ₹0.94 for FY25)

Financial Results (Consolidated)

Income Statement Highlights (Quarter ended March 31, 2026)

  • Revenue from operations: ₹1,202.60 lacs
  • Other income: ₹(211.72) lacs
  • Total Income: ₹990.88 lacs
  • Total Expenses: ₹2,264.01 lacs
  • Loss before tax and share in net profit/(loss) of JVs and associates: ₹(1,273.13) lacs
  • Share in net profit/(loss) of joint ventures and associates: ₹132.27 lacs
  • Loss before tax: ₹(1,140.86) lacs
  • Tax expense: ₹179.70 lacs (current tax) + ₹(76.79) lacs (earlier year) + ₹144.10 lacs (deferred tax)
  • Net Loss: ₹(1,387.87) lacs
  • Other Comprehensive Income/(loss): ₹(998.30) lacs
  • Total Comprehensive Income/(loss): ₹(2,386.17) lacs

Income Statement Highlights (Year ended March 31, 2026)

  • Revenue from operations: ₹3,424.67 lacs
  • Other income: ₹1,456.56 lacs
  • Total Income: ₹4,881.23 lacs
  • Total Expenses: ₹6,617.11 lacs
  • Loss before tax and share in net profit/(loss) of JVs and associates: ₹(1,735.88) lacs
  • Share in net profit/(loss) of joint ventures and associates: ₹2,012.09 lacs
  • Profit before tax: ₹276.21 lacs
  • Tax expense: ₹179.70 lacs (current tax) + ₹(76.79) lacs (earlier year) + ₹109.33 lacs (deferred tax)
  • Net Profit: ₹63.97 lacs
  • Other Comprehensive Income/(loss): ₹(1,230.98) lacs
  • Total Comprehensive Income/(loss): ₹(1,167.01) lacs

Balance Sheet (Consolidated as at March 31, 2026)

  • Total Assets: ₹77,092.11 lacs (compared to ₹77,015.21 lacs as at March 31, 2025)
  • Non-current assets: ₹64,348.24 lacs
  • Current assets: ₹12,743.87 lacs
  • Total Equity: ₹67,706.38 lacs
  • Non-current liabilities: ₹3,668.69 lacs
  • Current liabilities: ₹5,717.04 lacs

Key Metrics (Consolidated)

  • Paid-up equity share capital: ₹2,499.55 lacs (Face value ₹10/- per share)
  • Basic and Diluted EPS: ₹0.26 for FY26

Subsidiaries, Joint Ventures and Associates

The consolidated results include the following entities:

Subsidiaries:

  • Spin Investment India Limited
  • Superior Investment (India) Limited
  • Uniglobe Mod Travels Private Limited
  • Vinura Beverages Private Limited

Joint Ventures:

  • Gujarat Guardian Limited
  • Asahi Modi Materials Private Limited
  • Modi Marco Aldany Private Limited

Associates:

  • IQ Modi Power Private Limited

The consolidated financial results include the Group's share of net profit of ₹63.18 lacs for the quarter and ₹1,947.39 lacs for the year ended March 31, 2026 in respect of two joint venture companies.

Board Meeting Outcomes

  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 29, 2026
  • The Statutory Auditors carried out an audit of the results and issued an unmodified opinion

Other Operational / Legal / Strategic Disclosures

  • In compliance with directions issued by BIFR vide its order dated February 23, 2010, the unimplemented portion of the SS-08 is under implementation by the Company
  • With effect from December 01, 2016, SICA was repealed by Government of India, and all approved schemes are now governed by National Company Law Tribunal
  • The basic and diluted earnings per share has been calculated in accordance with IND AS 33 "Earnings Per Share"
  • Figures for previous periods have been regrouped/reclassified to conform to the classification of the current periods

Shareholding Pattern

  • Public Shareholding: 93,41,580 shares (37.31%)
  • Promoters and promoter group Shareholding: 1,56,98,952.00 shares (62.69%)
  • No shares were pledged/encumbered

Investor Complaints

  • Pending at the beginning of the quarter: NIL
  • Received during the quarter: -
  • Disposed off during the quarter: -
  • Remaining unresolved at the end of the quarter: NIL