Board Meeting Details

The Board of Directors meeting was held on July 31, 2026. It commenced at 3:45 PM and concluded at 4:15 PM.

Key Approvals

1. Financial Results: The Board approved the unaudited Standalone and Consolidated Financial Results for the period ended June 30, 2026 (Q1 FY27). The results were reviewed by the Audit Committee.

2. Annual General Meeting (AGM): The Board approved the Director's Report and notice for the 33rd AGM. The AGM is scheduled for Monday, August 24, 2026, at 3:00 PM (IST) to be conducted through video-conferencing/audio-visual means. M/s SCS and Co LLP was appointed as the Scrutinizer for the e-voting process.

Standalone Financial Results (Q1 FY27 ended June 30, 2026)

(All figures in ₹ Lakhs, except per share data)

  • Total Income: ₹0.00 (compared to ₹3,341.18 in Q1 FY26 and ₹-15.00 in Q4 FY26)
  • Total Expenses: ₹5.79 (compared to ₹2,998.40 in Q1 FY26 and ₹7.18 in Q4 FY26)
  • Employee Benefit Expense: ₹0.27
  • Depreciation: ₹0.05
  • Other Expenses: ₹5.47
  • Profit/(Loss) Before Tax: (₹5.79) (Loss)
  • Tax Expense: ₹0.00
  • Profit/(Loss) for the period: (₹5.79) (Loss)
  • Paid-up Equity Share Capital: ₹5,515.88 Lakhs (Face Value ₹10 each)
  • Earnings Per Share (EPS): ₹0.00 (Basic and Diluted)

Consolidated Financial Results (Q1 FY27 ended June 30, 2026)

(All figures in ₹ Lakhs)

  • Revenue from Operations: ₹5,930.00
  • Other Income: ₹0.00
  • Total Income: ₹5,930.00
  • Total Expenses: ₹4,528.54
  • Purchase of Stock-in-Trade: ₹4,125.00
  • Employee Benefit Expense: ₹9.02
  • Depreciation: ₹0.05
  • Other Expenses: ₹394.47
  • Profit Before Tax: ₹1,401.46
  • Tax Expense: ₹0.00
  • Profit for the period: ₹1,401.46 (attributable entirely to owners of the company)

Subsidiary Update

The company acquired a new wholly-owned subsidiary, Al Subh Enterprise FZ-LLC, during the quarter. The company holds a 100% equity stake in this subsidiary, and its results are included in the consolidated financials.

Auditor's Review

The statutory auditors, Sarang Shivajirao Chavan and Associates, conducted a limited review of both the standalone and consolidated financial results as per Regulation 33 of SEBI LODR. The review was performed under SRE 2410. The auditors issued an unqualified report, stating the results give a true and fair view and are presented in accordance with Ind AS 34 and SEBI regulations.

Notes to Financial Results

  • The results are prepared in compliance with Indian Accounting Standards (Ind AS).
  • The format complies with SEBI circulars and Schedule III of the Companies Act, 2013.
  • The company has one reportable primary business segment as per Ind AS 108.
  • Previous period figures have been regrouped and reclassified for comparability.