Board Meeting Outcomes

1. Approval of Unaudited Financial Results

  • The Board approved and took on record the unaudited financial results for the quarter ended June 30, 2026.
  • The results were accompanied by Limited Review Reports from the statutory auditors.
  • Submitted documents include:
  • Unaudited Financial Results for quarter ended June 30, 2026
  • Limited Review Reports

2. Approval of Borrowing Limits

  • The Board approved borrowing limits pursuant to Section 180(1)(c) of the Companies Act, 2013.
  • Approved borrowing limit: ₹100.00 Crores (Rupees One Hundred Crores Only).
  • This approval is subject to shareholder approval.

3. Approval to Mortgage/Create Charge on Assets

  • The Board approved mortgaging/creating charge on company assets as security for borrowings pursuant to Section 180(1)(a) of the Companies Act, 2013.
  • Approved limit: ₹100.00 Crores (Rupees One Hundred Crores Only).
  • This approval is subject to shareholder approval.

4. Approval for Loans, Guarantees, Security, and Investments

  • The Board approved giving loan(s), guarantee(s), providing security(ies), and/or making investment(s) under Section 186 of the Companies Act, 2013.
  • Approved limit: ₹100.00 Crores (Rupees One Hundred Crores Only).
  • This approval is subject to shareholder approval.

5. Approval of Draft Directors' Report

  • The Board approved the Draft Directors' Report for the financial year 2025-26.
  • Also approved annexures and other reports to be included in the Annual Report 2025-26.

Financial Results for Quarter Ended June 30, 2026

Income Statement Highlights (Amounts in INR Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Net sales/income from operations: ₹404.44
  • Total income from operations: ₹404.44
  • Purchases of stock-in-trade: ₹399.25
  • Changes in inventories: (₹12.96) [negative]
  • Employee benefits expenses: ₹0.69
  • Other expenses: ₹6.80
  • Total expenses: ₹393.79
  • Profit before tax: ₹10.65
  • Tax expense (Deferred Tax): ₹3.46
  • Profit for the period: ₹7.19
  • Total comprehensive income: ₹7.19
  • Basic EPS: ₹0.11
  • Diluted EPS: ₹0.11

Comparative Figures:

  • Q4 FY26 (March 31, 2026, Audited): Loss of ₹9.04 lakhs
  • Q1 FY26 (June 30, 2025, Unaudited): Profit of ₹20.83 lakhs
  • FY26 (March 31, 2026, Audited): Profit of ₹2.08 lakhs

Capital Structure

  • Paid-up equity share capital (Face Value ₹10/-): ₹655.37 lakhs (unchanged across all periods)
  • Reserves as per previous accounting year: (₹739.63) lakhs [negative]

Auditor Review and Compliance

Independent Auditor's Review Report

  • Conducted by Scan & Co. (Partner M. No. 408113)
  • Review performed in accordance with Standard on Review Engagement (SRE) 2410
  • Review provides moderate assurance that financial statements are free of material misstatement
  • Unmodified opinion: Nothing came to attention to suggest the statement was not prepared in all material respects in accordance with Ind AS 34 and other accounting principles
  • Compliance with SEBI Regulation 33 requirements confirmed
  • UDIN: 26408113AIXJDE2350

Financial Statement Notes

1. The unaudited standalone financial results for quarter ended June 30, 2026 were reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026.

2. The company operates as a single segment as per Ind AS 108 "Operating Segments".

3. Figures for previous periods have been regrouped/reclassified for comparability.

4. Financial results prepared in accordance with Indian Accounting Standards (Ind AS) 34 prescribed under Section 133 of the Companies Act, 2013.

5. The company has no joint ventures or associate companies as of June 30, 2026.