Key Financial Figures

Financial Performance (₹ in lakhs):

  • Gross Income: ₹531.83 (FY25: ₹6,625.93) - 91.97% decrease
  • Profit Before Depreciation and Tax: ₹128.22 (FY25: Loss ₹2.52)
  • Depreciation: ₹19.83 (FY25: ₹19.33)
  • Profit Before Tax: ₹108.39 (FY25: Loss ₹21.85)
  • Tax Expense: ₹22.27 (Deferred tax) (FY25: ₹1.60 credit)
  • Net Profit: ₹86.12 (FY25: Loss ₹20.25)
  • Other Comprehensive Income: ₹(1.39) (FY25: ₹0.74)
  • Total Comprehensive Income: ₹84.73 (FY25: Loss ₹19.51)
  • EPS: ₹1.80 (FY25: ₹(0.42))

Financial Position as at 31st March, 2026 (₹ in lakhs):

  • Total Assets: ₹578.18 (FY25: ₹551.30)
  • Property, Plant & Equipment: ₹210.65 (FY25: ₹224.93)
  • Trade Receivables: ₹105.09 (FY25: ₹48.23)
  • Cash & Cash Equivalents: ₹44.58 (FY25: ₹54.43)
  • Total Equity: ₹473.15 (FY25: ₹388.42)
  • Equity Share Capital: ₹477.90 (unchanged)
  • Retained Earnings: ₹(4.75) (FY25: ₹(89.48))
  • Total Liabilities: ₹105.03 (FY25: ₹162.88)
  • Short-term Borrowings: ₹28.65 (FY25: ₹93.50)

Operational Highlights

  • Revenue decline primarily due to no trading in commodities/bullion during FY26 compared to FY25
  • Company continued its main business of renting storage tanks (14 tanks with total capacity ~23,243 MT)
  • Business locations: Registered Office at New Kandla, Kutch; Corporate Office at Ahmedabad
  • Employee strength: 20 permanent employees
  • Median employee remuneration: ₹1,38,100 p.a. (9.51% increase)

AGM Details

Date: 30th September, 2026

Time: 12:30 PM

Place: Registered Office through VC/OAVM

Business to be transacted:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Natvarlal J. Acharya (DIN:01947789) as director retiring by rotation

3. Approval of related party transactions with Parker Agrochem Products Pvt. Ltd.

Related Party Transaction Resolution

Party: Parker Agrochem Products Pvt. Ltd. (PAPPL)

Nature: Taking Storage Tanks (up to 23,243 MT approx.) on hire basis

Duration: 5 years from 01/10/2026 to 30/09/2031

Terms: Terminalling charges up to ₹100 per metric tonne per month + GST & other taxes

Maximum Contract Value: Up to ₹6 crores p.a. (may vary up to 50% depending on market conditions)

Relationship: Private Company in which relatives of Directors are Directors & Members

FY26 Transaction Value: ₹138.99 lakhs

Directors and Key Managerial Personnel

Board of Directors:

  • Mr. Jagdish R. Acharya (Chairperson & Managing Director, DIN:01251240)
  • Mrs. Shantaben J. Acharya (Director, DIN:06878527)
  • Mr. Natvarlal J. Acharya (Director & CFO, DIN:01947789)
  • Mr. Nikeshkumar B. Patel (Director, DIN:09698368)
  • Mr. Kamleshkumar C. Soni (Director, DIN:09698403)
  • Mr. Bharat K. Shah (Director, DIN:10836907)

Other KMPs:

  • CS Swetal C. Pandya (Company Secretary)

Audit Details

Statutory Auditors: M/s. Shah & Shah Associates, Chartered Accountants

Auditor's Tenure: Appointed until conclusion of 37th AGM

Audit Opinion: Unmodified opinion on financial statements

Secretarial Auditor: M/s. Manoj Hurkat & Associates, Practising Company Secretaries

Secretarial Audit Opinion: No significant adverse observations

Capital Structure Impact

No change in share capital during the year. Issued, subscribed and paid-up capital remains at 47,79,000 equity shares of ₹10 each fully paid-up.

Cash Flow Implications

  • Net cash generated from operations: ₹78.16 lakhs
  • Net cash used in investing activities: ₹4.48 lakhs
  • Net cash used in financing activities: ₹83.53 lakhs
  • Net decrease in cash: ₹9.85 lakhs

Forward-looking Statements

Management Discussion & Analysis indicates:

  • Company will continue exploring opportunities in commodities trading including gold and silver
  • Focus on renting storage tanks as stable revenue stream
  • Plans to seek permission to increase heights of storage tanks for enhanced capacity

Other Material Information

  • Register of Members and Share Transfer Books to remain closed from 23rd September, 2026 to 30th September, 2026
  • E-voting period: 27th September, 2026 (9:00 AM) to 29th September, 2026 (5:00 PM)
  • Scrutinizer appointed: CS Sunil A. Mulchandani, Practicing Company Secretary
  • Contingent liability: ₹25.68 lakhs under Goods & Service Tax
  • No dividend declared for the year