Financial Performance Highlights

  • Total income: ₹2,963.54 lakhs (compared to ₹5,126.10 lakhs in FY 2024-25)
  • Revenue from operations: ₹2,952.68 lakhs
  • Profit before depreciation and tax: ₹59.32 lakhs
  • Depreciation and amortization: ₹25.74 lakhs
  • Profit before tax: ₹33.58 lakhs
  • Current tax (including prior period): ₹12.57 lakhs
  • Deferred tax: ₹0.62 lakhs
  • Net profit after tax: ₹20.39 lakhs (compared to ₹40.64 lakhs in FY 2024-25)
  • Reserves and Surplus closing balance: ₹1,152.77 lakhs (₹1,132.38 lakhs in FY 2024-25)

Annual General Meeting Details

  • 15th AGM scheduled for Wednesday, 30 September 2026 at 1:00 PM IST
  • Conducted through Video Conferencing/Other Audio-Visual Means
  • Deemed venue: Registered Office of the Company
  • Ordinary business includes adoption of financial statements and re-appointment of Ms. Arti Mukund Purohit who retires by rotation

Share Capital

  • Paid-up equity share capital: ₹17,00,00,000
  • Number of equity shares: 1,70,00,000 of ₹10 each
  • No change in paid-up share capital during the year

Business Operations

The Company continued operations in quick service restaurant and food business, expanding restaurant and franchise footprint with new outlets and strategic franchise arrangements. Focus remained on vegetarian QSR offerings, brand development, customer experience and scalable franchise-led growth.

Material Changes

After close of financial year, the Registered Office was shifted to 6th Floor, 611, Vihav Supremus, Opp. Amin Party Plot, Gotri Road, Vadodara - 390021, Gujarat, India.

Board Meetings

Five meetings held during FY 2025-26 on: 11 June 2025, 2 September 2025, 13 November 2025, 12 February 2026, and 27 March 2026.

Changes in Management

  • Mr. Ashvin Chandel retired by rotation at 14th AGM (30 September 2025) and vacancy not filled
  • Mr. Shobhit Nagarkar appointed as Chief Executive Officer effective 13 November 2025
  • Mr. Aditya Tillu served as Company Secretary and Compliance Officer during year and resigned effective 22 April 2026

Dividend and Reserves

No dividend recommended for FY 2025-26. No amount proposed to be transferred to general reserve.

Auditor Findings

Statutory Auditors' Report contains no qualifications, reservations, adverse remarks or disclaimers. However, reported deviation in utilisation of IPO proceeds, principally relating to utilisation of ₹408.50 lakhs towards working capital requirements in excess of amount originally specified for that object.

Secretarial Audit

Secretarial Audit Report by M/s Pooja M Patel & Associates confirms compliance with applicable statutory provisions including Companies Act, 2013, SCRA, Depositories Act, SEBI Regulations, and Secretarial Standards.

Management Discussion Highlights

  • Industry outlook shaped by urbanization, convenience-led consumption, digital ordering, and franchise expansion
  • Opportunities in Tier-II/III cities, asset-light franchise growth, product innovation
  • Threats include food inflation, competition, regulatory risks, supply-chain disruptions
  • QSR expansion: 7 outlets operational, 4 under construction against IPO object of 16 new outlets
  • Royalty income declined in Q4 due to adverse business conditions and global LPG supply disruptions

Key Financial Ratios

  • Current Ratio: 10.89
  • Debt-Equity Ratio: 0.01
  • Debt Service Coverage Ratio: 3.79
  • Return on Equity: 0.72%
  • Inventory Turnover: 2.83
  • Trade Receivables Turnover: 2.34
  • Trade Payables Turnover: 4.38
  • Net Capital Turnover: 1.50
  • Net Profit Ratio: 0.69%
  • Return on Capital Employed: 1.25%

Employee Remuneration Details

  • Number of permanent employees as on 31 March 2026: 5
  • Ratio of remuneration: Mr. Mukund Purohit (750% of median), Ms. Arti Mukund Purohit (125% of median)
  • Percentage increase in remuneration: Mr. Mukund Purohit (320%), Ms. Arti Mukund Purohit (0%)
  • Median employee remuneration increased by 192% in FY 2025-26
  • Average increase for non-KMP employees: 5%, for KMPs: 192%

AGM Process Details

  • Remote e-voting period: 27 September 2026 (9:00 AM) to 29 September 2026 (5:00 PM)
  • Cut-off date for voting rights: 23 September 2026
  • Register of Members and Share Transfer Books closed from 23-30 September 2026
  • VC/OAVM participation limited to 1,000 members on first-come-first-served basis