Board Meeting Details
The Board Meeting was held on Monday, 10th August 2026 at the company's registered office at 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, CTM-Ramol Road, Ramol, Ahmedabad, Gujarat, 382449. The meeting commenced at 3:00 PM and concluded at 5:45 PM.
Agenda Items Approved
1. Standalone Un-audited Financial Results for the quarter ended 30 June 2026
2. Consolidated Un-audited Financial Results for the quarter ended 30 June 2026
Trading Window Closure
The trading window for trading in securities of specified/designated persons will remain closed until 12th August 2026, as the results were declared on 10th August 2026.
Financial Results Review Process
The unaudited financial results were reviewed by the Audit Committee on 10th August 2026. The Statutory Auditors have issued limited review reports, and the results were approved and taken on record by the Board of Directors.
Accounting Standards and Policies
The financial results have been prepared in accordance with Indian Accounting Standards 34 (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013. The company has only one business segment, hence IND AS 108 is not applicable. Previous period/year figures have been re-grouped/rearranged wherever necessary.
Auditor's Review Reports
KPSJ & Associates LLP, Chartered Accountants (FRN: 124845W/W100209), issued independent review reports for both standalone and consolidated financial results.
Standalone Financial Results Review
CA Kedar Laddha (Partner, Membership No: 101886) concluded that nothing came to their attention that causes them to believe that the accompanying statement of unaudited financial results contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.
Consolidated Financial Results Review
The consolidated results include the financial results of subsidiary Palco Recycles Industries Limited. For the quarter ended 30th June 2026, the subsidiary reported total revenue of ₹6845.73 lakhs (₹68.46 crore) and total net profit after tax of ₹161.57 lakhs (₹1.62 crore). The auditor reached the same conclusion as for the standalone results, finding no material misstatements.