Board Meeting Outcomes
The Board of Directors meeting held on Friday, 29th May 2026 (3:30 PM to 5:00 PM) approved:
1. Standalone Audited Financial Statements for the financial year ended 31st March 2026
2. Appointment of Mr. Kunaal Deepak Agashe [DIN: 02399121] as Independent Director for 5 years from 29th May 2026 to 28th May 2031, subject to shareholder approval
3. Appointment of M/s. K Jatin & Co., Practicing Company Secretaries as Secretarial Auditor for FY 2026-27
4. Appointment of Rajat Kala & Associated (Firm Registration No. 027803C) as Internal Auditor for FY 2026-27
Financial Results Overview
Income Statement (₹ in Lakhs)
Year Ended March 31, 2026:
- Revenue from Operations: ₹3,026.60
- Other Income: ₹42.70
- Total Income: ₹3,069.30
- Total Expenditure: ₹2,567.29
- Profit Before Tax: ₹202.00
- Tax Expense: ₹47.27
- Profit After Tax: ₹154.74
Year Ended March 31, 2025 (Comparative):
- Revenue from Operations: ₹2,147.26
- Other Income: ₹14.38
- Total Income: ₹2,161.64
- Total Expenditure: ₹2,013.87
- Profit Before Tax: ₹147.77
- Tax Expense: ₹39.45
- Profit After Tax: ₹108.32
Half Year Ended March 31, 2026:
- Revenue from Operations: ₹1,252.91
- Other Income: ₹32.00
- Total Income: ₹1,284.91
- Total Expenditure: ₹1,251.46
- Profit Before Tax: ₹33.44
- Tax Expense: ₹3.33
- Profit After Tax: ₹30.32
Balance Sheet Position (as at March 31, 2026)
- Total Equity: ₹1,278.52 lakhs (Share Capital: ₹355.88 lakhs, Reserves & Surplus: ₹922.64 lakhs)
- Total Liabilities: ₹1,829.33 lakhs
- Total Assets: ₹1,829.33 lakhs
- Cash & Cash Equivalents: ₹787.98 lakhs
Earnings Per Share
- Basic EPS: ₹4.36 (FY26) vs ₹3.96 (FY25)
- Diluted EPS: ₹4.36 (FY26) vs ₹3.96 (FY25)
Audit & Compliance Details
- Statutory Auditor: M/s. Maheshwari & Co., Chartered Accountants (FRN: 105834W)
- Audit Opinion: Unmodified opinion issued on financial results
- Emphasis of Matter: Gross presentation of certain reimbursement/pass-through recoveries under Revenue from Operations (no impact on profit)
- Regulatory Compliance: Filed pursuant to Regulation 30, 33, and other applicable provisions of SEBI (LODR) Regulations, 2015
Capital Structure & IPO Proceeds
- Preferential Allotment: 398,400 equity shares allotted on 6th January 2026 at ₹75 per share (Face value ₹10 + Premium ₹65)
- Total Capital Infusion: ₹298.80 lakhs
- BSE Listing Approval: Granted on 20th April 2026
IPO Proceeds Utilization (₹ in Lakhs)
| Particulars | Projected Utilization | Amount Utilized | Temporarily Parked in FD | Unutilized Amount |
| Working Capital | 395.00 | 395.00 | 302.00 | - |
| Marketing and Business Promotion | 102.00 | 102.00 | - | - |
| General Corporate Purposes | 86.30 | 76.84 | - | 9.46 |
| Issue related expenses | 120.00 | 120.00 | - | - |
| Total | 703.30 | 693.84 | 302.00 | 9.46 |
Unutilized funds of ₹9.46 lakhs kept with ICICI in Escrow Account.
Additional Notes
1. Segment Reporting: Company operates in single business segment of destination management and travel services
2. Labour Code Impact: Revised gratuity liability estimated as per New Labour Codes effective from November 21, 2025. Additional liability recognized in employee benefit expenses
3. Revenue Presentation: Certain reimbursement/pass-through recoveries presented gross with corresponding expenses recognized separately
4. Half-Year Figures: Derived as balancing figures between audited full-year and unaudited first-half figures