Msafe Equipments Q1 Net Profit Up 44% YoY

Key Decisions Approved

The Board of Directors approved the following items:

1. Unaudited Financial Results for the quarter ended June 30, 2026, together with Limited Review Report

2. Notice for the 7th Annual General Meeting and Directors Report for year ended March 31, 2026

3. Appointment of M/s. Chittora & Co., Cost Accountants (Firm Registration No. 000385) as Cost Auditors for FY 2026-2027

4. Appointment of M/s. R.A. Kila & Associates, Chartered Accountants (FRN-003775N) as Internal Auditor for FY 2026-2027

5. Appointment of M/s. Ajai Kumar Associates, Practicing Company Secretaries as Secretarial Auditor for FY 2026-2027

The board meeting commenced at 11:30 AM and concluded at 1:00 PM.

Financial Results (Quarter ended June 30, 2026)

Income Statement (Amount in ₹ Lakhs):

Revenue from Operations: ₹3,178.68
Other Income: ₹66.12
Total Income: ₹3,244.80

Expenses:

Cost of Material Consumed: ₹927.19
Changes in Inventories: (₹173.95)
Employee Benefit Expense: ₹700.31
Financial Cost: ₹92.23
Depreciation and Amortization Expense: ₹262.50
Other Expenses: ₹462.92
Total Expenses: ₹2,271.20

Profitability:

Profit Before Tax: ₹973.60
Tax Expense: (₹246.36)
Current Tax: (₹262.41)
Deferred Tax: ₹16.05
Net Profit for the Period: ₹727.24

Earnings Per Share (Face Value ₹10 each):

Basic EPS: ₹3.56
Diluted EPS: ₹3.56

Comparative Performance

Quarter-over-Quarter (QoQ) Comparison:

Revenue increased from ₹2,811.47 lakhs (Q4 FY26) to ₹3,178.68 lakhs (Q1 FY27)
Net Profit increased from ₹650.59 lakhs (Q4 FY26) to ₹727.24 lakhs (Q1 FY27)

Year-over-Year (YoY) Comparison:

Revenue increased from ₹2,272.00 lakhs (Q1 FY26) to ₹3,178.68 lakhs (Q1 FY27)
Net Profit increased from ₹503.94 lakhs (Q1 FY26) to ₹727.24 lakhs (Q1 FY27)

IPO Proceeds Utilization

As of June 30, 2026 (Amount in ₹ Lakhs):

| Funding of Capital expenditure for new manufacturing facility | 3,225.92 | 1,847.16 | 1,847.16 | 1,378.76 |

| Funding of Capital expenditure for manufacturing equipments for rental purpose | 600.00 | 448.00 | 568.00 | 32.00 |

| Utilization towards working capital requirements | 800.00 | 454.63 | 659.99 | 140.01 |

| General corporate purposes | 176.31 | - | 176.31 | - |

| Issue related expense in relation to IPO | 609.77 | - | 609.77 | - |

| Total | 5,412.00 | 2,749.79 | 3,861.23 | 1,550.77 |

The unutilized amount of ₹1,550.77 lakhs has been temporarily invested in fixed deposits with ICICI Bank in compliance with regulatory requirements. The Company confirms utilization is in line with prospectus objects with no material deviation.

Auditor Appointments

Cost Auditor - M/s. Chittora & Co.:

Firm Registration No.: 000385
Term: Financial year 2026-2027 (April 1, 2026 to March 31, 2027)
Subject to ratification of remuneration by shareholders
Firm established in 2012, led by partners Vinod Chittora (M.No. 17645), R.K. Bhandari (M.No. 10682), and Shashi Ranjan Sharma (M.No. 18347)

Internal Auditor - M/s. R.A. Kila & Associates:

Firm Registration No.: 003775N
Term: Financial year 2026-2027 (April 1, 2026 to March 31, 2027)
Firm with over 42 years of experience, empanelled for bank audits with SBI, PNB, Bank of India, UCO Bank, and IDBI Bank

Secretarial Auditor - M/s. Ajai Kumar Associates:

Firm Registration No.: Not explicitly stated in annexure
Term: Financial year 2026-2027 (April 1, 2026 to March 31, 2027)
Firm with over 20 years of experience in Company Law, LLP, Legal, FEMA, NBFC, Trademark, and Trust & Societies matters

Additional Notes

The company operates in a single segment of manufacturing aluminum & steel scaffolding and FRP ladders
The financial results were reviewed by the Audit Committee and approved by the Board of Directors
Limited review conducted by statutory auditors V.K. Kila & Co. (Partner: Amar Gogasaria, M.No.: 503474)
Company is exempt from adopting IND AS as it is listed on SME Exchange
Previous periods' figures have been regrouped/reclassified where necessary