Board Meeting Details
The meeting of the Board of Directors was held on Wednesday, 27th May, 2026, commencing at 4:00 P.M. and concluding at 5:00 P.M.
Board Approvals
1. Approved the Audited Financial Results for the quarter and year ended 31st March, 2026
2. Approved the Audit Report submitted by M/s Rajesh H. Gupta & Co., Chartered Accountants, Statutory Auditors of the company
Financial Results Overview
The audited standalone quarterly financial results cover the quarter ended 31st March, 2026 and the year-to-date results for the period from 1st April, 2025 to 31st March, 2026, prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Balance Sheet Highlights (as at 31st March, 2026)
Assets:
- Non-Current Assets: ₹121.90 lakh
- Other non-current assets: ₹121.54 lakh
- Current Assets: ₹2.17 lakh
- Cash and cash equivalents: ₹2.17 lakh
- Total Assets: ₹124.15 lakh
Equity and Liabilities:
- Share Capital: ₹140.02 lakh
- Reserves and surplus: ₹-41.91 lakh
- Total Equity: ₹98.11 lakh
Liabilities:
- Non-current Liabilities: ₹23.30 lakh
- Long term borrowings: ₹23.70 lakh
- Current Liabilities: ₹2.86 lakh
- Other current liabilities: ₹7.88 lakh
- Total Liabilities: ₹26.16 lakh
- Total Equity and Liabilities: ₹124.35 lakh
Cash Flow Statement Highlights
For the year ended 31st March, 2026:
- Cash flow from operating activities: ₹1,22,834
- Net cash from operating activities: ₹1/27/039 (unclear value)
- Net cash from financing activities: ₹(2,246)
- Includes repayment of share capital: ₹(1,500)
- Total net change in cash: ₹6.21,991
- Cash and cash equivalents at beginning: ₹96,597
- Cash and cash equivalents at end: ₹3.87,486
Auditor's Report Qualifications
The independent auditor's report by Rajesh H. Gupta & Co. contained two significant qualifications:
1. Borrowing Costs: The company has reflected borrowing costs amounting to ₹23.20 lakh outstanding for more than 15 years. The auditors were unable to determine whether sufficient accruals have been made and whether any adjustments are required due to lack of adequate documentation.
2. Investment Valuation: As per the requirement of Ind AS, the company holds investments in certain customers who are facing valuation concerns. In the absence of adequate information and supporting documentation, the auditors were unable to determine the impact of such reclassifications.
Additional Disclosure
The auditor's report noted that the company is in the process of amalgamation with SHIVANG EDIBLES LTD (STAMPED).
Financial Impact Assessment
The financial impact of the auditor's qualifications regarding borrowing costs (₹23.20 lakh) and investment valuation uncertainties has not been quantified in the disclosure.