The Board approved the following items:

1. Audited Financial Results: Approved the audited financial results for the half year and financial year ended March 31, 2026, along with the auditors' reports pursuant to Regulation 33 of SEBI LODR Regulations. The statutory auditors, Ratan Chandak & Co LLP, issued an audit report with an unmodified opinion on the financial results.

2. Reappointment of Internal Auditor: Reappointed M/s. Meghrajsinh Gohil & Co, Chartered Accountants (FRN: 172170) as internal auditor for FY 2026-27, effective from May 30, 2026.

Financial Results Highlights (Standalone)

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹123.28 crore
  • Other Income: ₹1.10 crore
  • Total Income: ₹124.38 crore
  • Total Expenses: ₹110.20 crore
  • Profit Before Tax: ₹14.18 crore
  • Profit for the Period: ₹14.18 crore
  • Paid-up Equity Share Capital: ₹12.54 crore
  • Face Value per Share: ₹10.00
  • Basic EPS: ₹11.09
  • Diluted EPS: ₹11.09

Half Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹73.03 crore
  • Other Income: ₹0.53 crore
  • Total Income: ₹73.86 crore
  • Total Expenses: ₹66.19 crore
  • Profit Before Tax: ₹7.67 crore
  • Profit for the Period: ₹7.67 crore
  • Basic EPS: ₹6.01
  • Diluted EPS: ₹6.01

Half Year Ended September 30, 2025 (Audited):

  • Revenue from Operations: ₹50.25 crore
  • Other Income: ₹0.27 crore
  • Total Income: ₹50.52 crore
  • Total Expenses: ₹44.01 crore
  • Profit Before Tax: ₹6.51 crore
  • Profit for the Period: ₹6.51 crore
  • Basic EPS: ₹5.43
  • Diluted EPS: ₹5.43

Half Year Ended March 31, 2025 (Unaudited):

  • Revenue from Operations: ₹45.64 crore
  • Other Income: ₹1.03 crore
  • Total Income: ₹46.67 crore
  • Total Expenses: ₹61.41 crore
  • Profit Before Tax: ₹2.60 crore
  • Profit for the Period: ₹2.60 crore
  • Basic EPS: ₹7.25
  • Diluted EPS: ₹7.25

Balance Sheet Position (as of March 31, 2026)

  • Total Equity and Liabilities: ₹119.37 crore
  • Share Capital: ₹12.54 crore
  • Reserves and Surplus: ₹55.49 crore
  • Short-term Borrowings: ₹41.56 crore
  • Total Assets: ₹119.37 crore
  • Inventories: ₹44.08 crore
  • Trade Receivables: ₹36.39 crore
  • Cash and Cash Equivalents: ₹0.11 crore

Internal Auditor Reappointment Details

  • Name: M/s. Meghrajsinh Gohil & Co, Chartered Accountants
  • FRN: 172170
  • Reason: Reappointment
  • Effective Date: May 30, 2026
  • Term: Financial Year 2026-2027
  • Brief Profile: Established Chartered Accountancy practice with over 11 years of professional excellence, headquartered in Mahuva, Bhavnagar, Gujarat

Additional Information

  • The company operates in only one segment, making segment reporting per AS-17 not applicable
  • The company is exempted from compulsory adoption of IND-AS as per MCA notification
  • The company does not have subsidiaries as of March 31, 2026
  • Previous years' figures have been regrouped/rearranged where necessary
  • Earnings per share are calculated on weighted average share capital outstanding
  • The half year ended March 31, 2026 figures are balancing figures between audited full year and audited half year ended September 30, 2025

The meeting was digitally signed by Chintan Rajnikant Thakar, Managing Director (DIN: 09346153).