Board Meeting Details

The Board of Directors meeting was held on May 23, 2026, commencing at 3:00 PM and concluding at 3:30 PM. The meeting was preceded by a notice issued on May 19, 2026.

Financial Results Approval

The Board inter alia approved:

  • Audited Standalone Financial Results for the period ended March 31, 2026
  • The accompanying Audit Report from statutory auditors M/s. Sarang Shivajirao Chavan and Associates
  • A declaration regarding unmodified opinion on the audited financial results

Key Financial Figures (₹ in Lakhs)

Year Ended March 31, 2026 (Audited) vs March 31, 2025 (Audited)

Income Statement:

  • Revenue from Operations: ₹2,111.57 (2026) vs ₹1,888.89 (2025)
  • Other Income: ₹0.00 (2026) vs ₹20.03 (2025)
  • Total Income: ₹2,111.57 (2026) vs ₹1,908.92 (2025)
  • Total Expenses: ₹2,124.48 (2026) vs ₹1,623.45 (2025)
  • Profit/(Loss) Before Tax: (₹12.91) (2026) vs ₹285.47 (2025)
  • Tax Expense: (₹8.71) [Deferred Tax] (2026) vs ₹69.82 (2025)
  • Net Profit/(Loss) for the Year: (₹4.20) (2026) vs ₹215.65 (2025)
  • Earnings Per Share (Basic): (₹0.00) (2026) vs ₹0.15 (2025)

Balance Sheet as at March 31, 2026 vs March 31, 2025:

  • Total Assets: ₹4,349.50 (2026) vs ₹2,120.97 (2025)
  • Non-current Assets: ₹159.16 (2026) vs ₹265.83 (2025)
  • Current Assets: ₹4,190.33 (2026) vs ₹1,855.14 (2025)
  • Inventories: ₹1,374.08 (2026) vs ₹1,006.11 (2025)
  • Trade Receivables: ₹2,547.50 (2026) vs ₹682.40 (2025)
  • Cash & Cash Equivalents: ₹105.47 (2026) vs ₹56.11 (2025)
  • Total Equity: ₹1,266.01 (2026) vs ₹1,270.21 (2025)
  • Equity Share Capital: ₹1,483.27 (unchanged)
  • Other Equity: (₹217.26) (2026) vs (₹213.06) (2025)
  • Total Liabilities: ₹3,083.49 (2026) vs ₹850.76 (2025)
  • Trade Payables: ₹2,952.38 (2026) vs ₹762.88 (2025)

Cash Flow Statement for Year Ended March 31, 2026 vs March 31, 2025:

  • Net Cash from Operating Activities: (₹61.62) (2026) vs (₹570.43) (2025)
  • Net Cash from Investing Activities: ₹111.00 (2026) vs ₹601.00 (2025)
  • Net Cash from Financing Activities: (₹0.01) (2026) vs ₹11.50 (2025)
  • Net Increase/(Decrease) in Cash: ₹49.37 (2026) vs ₹42.07 (2025)

Audit and Compliance Details

The statutory auditors, M/s. Sarang Shivajirao Chavan and Associates (FRN: 159649W), conducted an audit under Regulation 33 of SEBI LODR Regulations and issued an unmodified opinion.

The audit report includes an Emphasis of Matter regarding trade receivables (₹2,547.50 lakhs), trade payables (₹2,952.38 lakhs), and loans and advances (₹149.34 lakhs), noting that external balance confirmation via email was sought but not completely verified, creating uncertainty about the accuracy, recoverability, and payability of these balances.

Additional Declarations

The company submitted three additional declarations to BSE:

1. A declaration under Regulation 33(2)(a) confirming the financial statements do not contain false or misleading statements

2. A declaration under Regulation 33(3)(d) confirming the statutory auditors issued an unmodified opinion

3. A confirmation that the company does not meet SEBI's Large Corporate criteria as per circulars dated November 26, 2018, and August 10, 2021

Financial Impact

The company reported a net loss of ₹4.20 lakhs for FY26 compared to a net profit of ₹215.65 lakhs in FY25, representing a significant deterioration in profitability despite higher revenue. The loss is primarily attributed to increased expenses, particularly purchase and direct expenses which rose to ₹2,479.53 lakhs from ₹2,590.17 lakhs in the previous year.