Financial Results Overview

The Board of Directors approved the standalone audited financial results for the quarter and financial year ended March 31, 2026. The meeting commenced at 11:30 AM and concluded at 2:40 PM.

Key Financial Figures (₹ in Lakhs)

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹2,296.12
  • Other Income: ₹75.77
  • Total Income: ₹2,371.90
  • Total Expenses: ₹3,000.49
  • Loss before exceptional items and tax: ₹(628.59)
  • Exceptional Items: ₹812.26 (gain from land sale)
  • Profit before tax: ₹183.56
  • Net Profit for the year: ₹183.66
  • Earnings per Share (Basic and Diluted): ₹3.64
  • Paid Up Equity Share Capital: ₹504.24 (Face value ₹10/-)
  • Other Equity: Negative ₹(1,114.77)

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹396.59
  • Other Income: ₹34.73
  • Total Income: ₹431.32
  • Total Expenses: ₹609.47
  • Loss before tax: ₹(178.15)
  • Net Loss for the quarter: ₹(178.15)
  • Earnings per Share: ₹(3.53)

Comparative Figures (Year Ended March 31, 2025 - Audited):

  • Revenue from Operations: ₹4,058.18
  • Other Income: ₹27.83
  • Total Income: ₹4,086.01
  • Total Expenses: ₹4,786.23
  • Loss before tax: ₹(700.22)
  • Net Loss for the year: ₹(700.22)
  • Earnings per Share: ₹(13.89)

Exceptional Item Details

The Company recognized an exceptional gain of ₹812.26 lakhs during the quarter ended June 30, 2025, from the sale of 5.60 acres of commercial land with buildings at Mathur for ₹8.30 crores. Registration was completed on July 24, 2025. The sale proceeds were utilized towards settlement of the Company's term loan.

Operational Update

The company stopped operations at its Perundurai plant effective May 13, 2025, due to severe competition and steep increases in various operating expenses including power cost, maintenance, and transportation.

Auditor Appointment

The Board appointed R. Bala Subramanian as Internal Auditor of the Company for the financial year 2026-27. He has approximately 30 years of experience in accounting services.

Additional Documents Enclosed

  • Statement of Standalone Audited Financial Results
  • Auditor's report
  • Statement of assets and liabilities as of March 31, 2026
  • Cash flow statement as of March 31, 2026
  • Declaration by CFO & MD regarding unmodified audit opinion

Financial Position (As of March 31, 2026)

  • Total Assets: ₹2,825.89 lakhs
  • Total Equity: Negative ₹(610.53) lakhs
  • Non-Current Liabilities: ₹2,425.90 lakhs
  • Current Liabilities: ₹1,010.51 lakhs
  • Cash and Cash Equivalents: ₹54.96 lakhs

Cash Flow Highlights (FY26)

  • Net cash used in operating activities: ₹(108.91) lakhs
  • Net cash from investing activities: ₹454.88 lakhs (primarily from sale of fixed assets)
  • Net cash used in financing activities: ₹(346.56) lakhs (primarily repayment of borrowings)

Business Segment

The company has only one reportable primary business segment: Industrial Gases.