1. Financial Results Approval

The Board approved the Audited Financial Results of the Company for the half year and year ended March 31, 2026, pursuant to Regulation 33 of the Listing Regulations. The financial results were accompanied by an unmodified Auditor's Report from M/s Bilimoria Mehta & Co., Chartered Accountants (Firm Reg. No. 101490W).

2. Dividend Recommendation

The Board recommended a final dividend of ₹1 (Rupee One only) per equity share (Face Value of ₹10 each) for the financial year 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting (AGM). The final dividend would be paid within 30 days from the date of its declaration at the AGM. The Record Date for payment would be fixed and intimated in due course.

3. Internal Auditor Reappointment

The Board approved the reappointment of M/s Abhishek M Agrawal & Co. as Internal Auditors of the Company for the financial year 2026-27.

Financial Results Details

Balance Sheet Position as at March 31, 2026 (in ₹ Lakhs)

  • Share Capital: ₹297.44 (Previous year: ₹297.44)
  • Reserves and Surplus: ₹7,722.72 (Previous year: ₹7,597.17)
  • Total Equity: ₹8,020.16 (Previous year: ₹7,894.55)
  • Non-Current Liabilities: ₹42.51 (Previous year: ₹257.80)
  • Current Liabilities: ₹207.71 (Previous year: ₹552.43)
  • Total Liabilities: ₹2,227.87 (Previous year: ₹2,446.98)
  • Non-Current Assets: ₹1,428.05 (Previous year: ₹1,481.48)
  • Current Assets: ₹799.82 (Previous year: ₹965.52)
  • Total Assets: ₹2,227.87 (Previous year: ₹2,446.98)

Statement of Profit and Loss for Year Ended March 31, 2026 (in ₹ Lakhs)

  • Revenue from Operations: ₹2,785.08 (Previous year not provided)
  • Other Income: ₹62.30
  • Total Income: ₹2,847.38
  • Direct Operating Expense: ₹2,221.29
  • Employee Benefit Expenses: ₹281.72
  • Financial Costs: ₹19.12
  • Depreciation & Amortization: ₹49.05
  • Other Expense: ₹95.40
  • Total Expenses: ₹2,666.58
  • Profit Before Tax: ₹180.80
  • Tax Expense: ₹42.96 (Current Tax: ₹2.16, Deferred Tax: ₹10.07)
  • Profit After Tax: ₹125.61
  • Earnings Per Share (Basic): ₹4.22

Half Year Performance (March 31, 2026) (in ₹ Lakhs)

  • Revenue from Operations: ₹1,513.93
  • Other Income: ₹24.84
  • Total Income: ₹1,538.77
  • Total Expenses: ₹1,479.83
  • Profit Before Tax: ₹58.94
  • Tax Expense: ₹16.22 (Current Tax: ₹1.46, Deferred Tax: ₹10.07)
  • Profit After Tax: ₹34.11
  • Earnings Per Share (Basic): ₹1.15

Cash Flow Statement for Year Ended March 31, 2026 (in ₹ Lakhs)

  • Cash Flow from Operating Activities: ₹266.67
  • Cash Flow from Investing Activities: Not fully specified in data
  • Cash Flow from Financing Activities: Not fully specified in data
  • Net Change in Cash and Cash Equivalents: Not fully specified in data

Additional Notes from Financial Statements

1. The financial results have been prepared in accordance with Accounting Standards prescribed under Section 133 of the Companies Act, 2013.

2. The company operates in one business segment (Shipping & Projects) as per AS-17: Segment Reporting requirements.

3. The audited financial results were reviewed by the Audit Committee on May 29, 2026, and approved by the Board on the same date.

4. The figures for the half year ended March 31, 2026 are balancing figures between the audited full year results and the published unaudited half-yearly results up to September 30, 2025.

5. The company completed an Initial Public Offering (IPO) of 9,37,000 Equity shares of ₹10 each at a premium of ₹125 per share, listed on the BSE SME Platform on March 18, 2025.

6. The company assessed the impact of the four Labour Codes notified by the Government of India on November 21, 2025, and concluded there is no significant incremental impact on the financial results for the year ended March 31, 2026.

7. The company has fully utilized the IPO proceeds as per the object clause of the prospectus dated February 25, 2025:

  • Long-term working capital requirements: ₹1,000.00 lakhs (fully utilized)
  • General Corporate Purpose: ₹79.95 lakhs (fully utilized)
  • Issue Expenses: ₹185.00 lakhs (fully utilized)

Declaration of Unmodified Audit Opinion

Sheela Anand Nadar, Chief Financial Officer, declared that the Statutory Auditors, M/s. Bilimoria Mehta & Co., have issued an Audit Report with an unmodified opinion on the Audited Financial Results for the financial year ended March 31, 2026, in accordance with Regulation 33(3)(d) of SEBI Listing Regulations.