Board Meeting Details

The Board Meeting of Parvati Sweetners and Power Limited was held on Saturday, May 30, 2026, at the company's Registered Office in Bhopal. It commenced at 03:30 PM (IST) and concluded at 08:00 PM (IST).

Matters Approved by the Board

The Board considered, approved, and took on record the following:

  • (a) The Standalone Audited Financial Results for the quarter and year ended March 31, 2026.
  • (b) The Auditors Report along with its opinion on the Financial Results for the quarter and year ended March 31, 2026.
  • (c) The Standalone Audited Financial Statements, including the Balance Sheet as at March 31, 2026, and the Statement of Profit and Loss, Cash Flow, Statement of Changes in Equity, and notes for the year ended March 31, 2026.
  • (d) The proposed acquisition of 51% of the fully paid-up equity share capital of M/S. Vedshree Food Industries Private Limited, subject to compliance with SEBI Takeover Regulations, other applicable laws, and necessary approvals. The management was authorized to take all necessary steps.
  • (e) Other Routine Business Agendas.

Key Financial Results (Standalone, Audited)

(All figures in ₹ Lakhs, unless specified)

For the Year Ended March 31, 2026:

  • Revenue from Operations: ₹1,798.68 (Previous Year: ₹5,356.95)
  • Total Revenue: ₹1,833.28 (Previous Year: ₹5,374.37)
  • Total Expenses: ₹3,214.66 (Previous Year: ₹5,370.03)
  • Profit/(Loss) Before Tax: (₹1,381.38) (Previous Year: ₹4.34)
  • Tax Expense (Deferred): ₹76.45 (Previous Year: ₹(54.04))
  • Profit/(Loss) for the Period (Net Loss): (₹1,304.93) (Previous Year: ₹58.08)
  • Paid-up Equity Share Capital: ₹7,457.19 (Face Value: ₹5 per share)
  • Other Equity: ₹1,423.59 (Previous Year: ₹2,728.54)
  • Earnings Per Share (Basic & Diluted): (₹0.87) (Previous Year: ₹0.04)

For the Quarter Ended March 31, 2026:

  • Profit/(Loss) for the Period (Net Loss): (₹247.92)
  • Earnings Per Share (Basic & Diluted): (₹0.17)

Balance Sheet Highlights as of March 31, 2026

  • Total Assets: ₹15,086.00 Lakhs
  • Current Assets: ₹8,765.15 Lakhs (Includes Inventories: ₹7,767.23 Lakhs, Trade Receivables: ₹453.68 Lakhs, Cash & Cash Equivalents: ₹368 Lakhs)
  • Total Equity: ₹8,880.78 Lakhs
  • Total Liabilities: ₹6,205.22 Lakhs

Cash Flow Statement for Year Ended March 31, 2026

  • Net Cash from Operating Activities: (₹5.81) Lakhs
  • Net Cash Used in Investing Activities: (₹20.53) Lakhs
  • Net Cash from Financing Activities: ₹49.48 Lakhs
  • Net Increase in Cash & Equivalents: ₹23.14 Lakhs
  • Cash & Equivalents at End of Year: ₹453.68 Lakhs

Acquisition of Vedshree Food Industries Private Limited

Pursuant to the board approval, the company executed a Share Purchase Agreement (SPA) to acquire a 51% stake in Vedshree Food Industries Private Limited. Key details of the acquisition are:

  • Target Entity: Vedshree Food Industries Private Limited (Incorporated: July 2, 2024; Paid-up Capital: ₹1,00,000)
  • Business: Engaged in Compressed Bio-Gas (CBG), Bio-CNG, Biogas, Renewable Natural Gas (RNG), and other bio-energy products.
  • Stake Acquired: 51% of paid-up equity share capital (5,100 shares).
  • Consideration: Aggregate consideration is approximately ₹60,00,000 (₹60 Lakhs), payable in cash and/or other than cash, subject to adjustments per the SPA.
  • Related Party Transaction: This is a Related Party Transaction. Common interests include:
  • Common Director: Mr. Anupam Chouksey
  • Common Shareholders: Mr. Anupam Chouksey, Mr. Jai Narayan Chouksey, and Ananjay Contruction and contracts private limited.
  • Common Promoters/Promoter Group: Mr. Anupam Chouksey, Mr. Jai Narayan Chouksey, and Ananjay Contruction and Contracts private limited.
  • The transaction is stated to be at arm's length.
  • Approvals: The acquisition is subject to customary conditions precedent and necessary approvals. No governmental approvals are currently identified as required.
  • Timeframe: Expected to be completed within 6 months from the date of SPA execution (May 30, 2026).
  • Rationale: To enable business diversification and support long-term growth in the renewable energy sector.

Declaration

A declaration was submitted stating that the auditor has not expressed any modified opinion, qualification, or reservation in the audit report for the FY26 results, thus no statement on the impact of audit qualifications is required.

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board on May 30, 2026.

2. The company received a capital subsidy of ₹648 Lakhs (₹6.48 Crore) from the Madhya Pradesh Industrial Development Corporation for expansion in a factory unit. The grant was deducted from the carrying amount of the asset per Ind AS 20.

3. Cost of Raw Materials comprises expenditure on sugarcane and other consumables.

4. The company operates in a single segment: manufacturing of sugar.

5. Previous period figures have been regrouped/reclassified for comparability.