Disclosure of Outcome of Board Meeting - August 13, 2026

Key Board Approvals and Decisions

1. Financial Results Approval

  • Approved unaudited financial results for quarter ended June 30, 2026
  • Limited review report by statutory auditors PHD & Associates included

2. Annual Report and AGM Notice

  • Approved draft Board's Report with annexures for FY ended March 31, 2026
  • Approved Annual Report for FY 2025-26
  • Notice convening the 40th Annual General Meeting approved

3. Annual General Meeting Details

  • 40th AGM to be held on Tuesday, September 22, 2026 at 3:00 PM IST
  • Meeting to be conducted through Video Conferencing/Other Audio-Visual Means

4. Scrutinizer Appointment

  • Mrs. Poonam Somani, Proprietor of M/s. Somani & Associates (CP No. 8642) appointed as scrutinizer for e-voting process at AGM

5. Director Reappointment

  • Mrs. Gauri Surendra Trivedi (DIN: 06502788) reappointed as Independent Director for second term of five consecutive years
  • Term proposed from January 1, 2027 to December 31, 2031
  • Subject to shareholder approval at 40th AGM
  • Educational qualifications: MA (Political Science) from JNU, M.Phil (Soviet Studies) from JNU, Doctorate in Philosophy from Institute of Social & Economic Change, PGPPM from IIM Bangalore
  • Not debarred from holding director position per SEBI orders

6. Borrowing Powers Increase

  • Proposal to increase borrowing powers of Board under Section 180(1)(a) of Companies Act, 2013
  • Subject to shareholder approval at 40th AGM

7. Secretarial Auditor Resignation

  • M/s. Somani & Associates (FCS No. F9364; CP No. 8642) resigned as Secretarial Auditor
  • Resignation accepted by Board effective August 13, 2026
  • Reason: personal reasons

8. New Secretarial Auditor Appointment

  • M/s. Deepika Mishra & Associates (ACS No. A46839; CP No. 17113) appointed as Secretarial Auditor
  • Effective from August 13, 2026 for financial year 2026-27
  • Subject to shareholder approval at 40th AGM
  • Firm specializes in corporate laws, government approvals from MCA, ROC, FIPB, RBI, and non-banking finance company compliance

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

Income Statement (₹ in Lakhs)

| Particulars | Q1 FY27 (Jun 30, 2026) | Q4 FY26 (Mar 31, 2026) | Q1 FY26 (Jun 30, 2025) | Full Year FY26 (Mar 31, 2026) |

| Revenue from operations | 18,858.79 | 16,595.50 | 12,525.21 | 55,355.35 |

| Other income | 18.80 | 24.78 | 11.16 | 226.90 |

| Total Income | 18,877.59 | 16,620.28 | 12,536.37 | 55,582.25 |

| Cost of materials consumed | 14,651.80 | 10,272.16 | 8,909.12 | 39,103.66 |

| Purchases of stock-in-trade | 340.61 | 1,547.76 | 307.10 | 1,854.87 |

| Changes in inventories | (541.71) | 419.60 | 164.10 | 395.52 |

| Employee benefits expense | 738.22 | 691.63 | 659.02 | 2,733.73 |

| Finance costs | 158.44 | 140.77 | 181.24 | 634.94 |

| Depreciation and amortization | 187.79 | 178.69 | 200.11 | 752.71 |

| Other expenses | 2,384.56 | 2,540.46 | 1,618.48 | 7,712.95 |

| Total Expenses | 17,919.71 | 15,791.07 | 11,891.47 | 53,188.38 |

| Profit before tax | 957.88 | 829.21 | 644.90 | 2,357.31 |

| Current tax | 245.00 | 195.00 | 110.00 | 565.00 |

| Deferred tax | (19.57) | 6.42 | 0.45 | 56.34 |

| Total tax expense | 225.43 | 201.42 | 110.45 | 621.34 |

| Net profit | 732.45 | 627.79 | 534.45 | 1,735.96 |

| Other comprehensive income | 4.52 | 15.78 | (20.57) | 16.37 |

| Total comprehensive income | 736.97 | 643.57 | 513.88 | 1,752.34 |

Key Metrics

  • Basic and diluted EPS: ₹1.59 (Q1 FY27) vs ₹1.16 (Q1 FY26)
  • Paid-up equity share capital: ₹4.59 crore (face value ₹1 per share)
  • Foreign exchange gain: ₹36.78 lakh (Q1 FY27) vs ₹7.87 lakh (Q1 FY26)

Notes to Financial Results

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company engaged in manufacturing and trading of adhesives, binders, emulsions, chemicals, monomers and solvents
  • Single reporting segment as per Ind AS 108
  • Previous period figures regrouped for comparability
  • Review conducted by PHD & Associates (Firm Registration No. 111236W)
  • Previous quarter (Q1 FY26) reviewed by predecessor auditor with unmodified conclusions

Certifications and Signatories

Financial Results Certification

  • CEO: Mr. Umesh Jayantilal Sanghavi
  • CFO: Mrs. Anita Umesh Sanghavi
  • Certified that financial results do not contain false/misleading statements or omit material facts

Board Meeting Authorization

  • Signed by Rajendra Sanghavi, Whole Time Director (DIN: 00245637)