Corporate Overview

Financial Performance Highlights

FY 2025-26 Key Metrics (₹ in Lakhs):

  • Revenue from Operations: ₹71,032.89 (44.89% increase from FY25)
  • Total Revenue: ₹71,600.15
  • EBITDA: ₹11,529.46 (143.32% increase)
  • Profit Before Tax: ₹9,693.68 (189.01% increase)
  • Profit After Tax: ₹7,255.32 (193.97% increase)
  • EPS: ₹22.36 (vs ₹7.61 in FY25)

Financial Ratios:

  • EBITDA Margin: 16.10% (vs 9.60% in FY25)
  • Net Profit Margin: 10.13% (vs 5.00% in FY25)
  • Return on Net Worth: 29.55% (vs 11.76% in FY25)
  • Current Ratio: 1.81 times (PY: 2.32 times)
  • Debt-Equity Ratio: 0.64 times (PY: 0.34 times)

Exceptional Items - Fire Incident

On February 7, 2026, a factory fire resulted in:

  • Assets Lost: Written down value of ₹153.58 lakhs (PPE) + inventory cost of ₹867.45 lakhs + GST reversal ₹42.42 lakhs
  • Total Exceptional Loss: ₹1,063.46 lakhs
  • Insurance Claim: ₹170.00 lakhs received towards PPE loss; balance claim of ₹1,624.00 lakhs pending

Labour Code Implementation Impact

Government notification of four Labour Codes effective November 21, 2025 led to:

  • Past Service Cost: ₹98.95 lakhs recognized in P&L
  • Affected Liabilities: Increased gratuity and leave encashment obligations

Annual General Meeting Details

43rd AGM Date: Tuesday, July 21, 2026 at 5:30 PM IST

Mode: Video Conferencing/Other Audio Visual Means

Record Date: Tuesday, July 14, 2026

Key Agenda Items:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Confirmation of Interim Dividend (₹2.50 per share) and Declaration of Final Dividend (₹3.00 per share recommended)

3. Re-appointment of Mr. Kumar Jay Modi as Joint Managing Director

4. Approval of ₹80 Cr related party transactions with Modison Copper Private Limited

5. Enhanced borrowing limits to ₹500 Cr under Sections 180(1)(a) and (c)

Dividend Information

Total Dividend Outgo: ₹973.50 Lakhs (including interim ₹811.25 Lakhs)

Final Dividend Payment Date: On or before August 20, 2026

Interim Dividend Paid: December 2025

Borrowings and Financing

Current Borrowings: ₹17,246.70 Lakhs (significant increase from PY ₹7,116.23 Lakhs)

Security: Hypothecation of stocks & book debts and mortgage of factory properties

Credit Rating (CARE Limited): CARE A; Stable for long-term facilities, CARE A1 for short-term

Corporate Governance

Board Composition: 6 Directors (3 Executive, 3 Non-Executive Independent)

Key Management: Mr. Girdhari Lal Modi (MD), Mr. Rajkumar Mohanlal Modi (Joint MD), Mr. Kumar Jay Modi (Joint MD)

Board Changes: Mr. Nandkishore Bafna appointed as Independent Director effective November 1, 2025

Related Party Transactions

Transaction with Modison Copper Private Limited:

  • FY 2025-26 Value: ₹504.17 Lakhs
  • Proposed FY 2026-27 Limit: ₹8,000 Lakhs
  • Relationship: Promoter Group entity (1.26% shareholding)