Board Meeting Details

The Board Meeting commenced at 4:00 PM and concluded at 5:00 PM at the company's registered office in Gandhidham, Kutch, Gujarat.

Key Decisions Approved

1. Audited Financial Results Approval

  • Approved audited financial results for quarter and financial year ended March 31, 2026
  • Prepared in accordance with Regulation 33 of SEBI (LODR) Regulations, 2015
  • Statutory auditors issued report with unmodified opinion

2. Vehicle Hiring Arrangement

  • Approved enhanced arrangement of hiring vehicle from Mr. Bhupendrasinh Rana
  • Approved amendment to existing lease arrangement with Rajvi Cargo Movers Private Limited

3. Internal Auditor Reappointment

  • Reappointed M/S Shah Deep And Company as Internal Auditor for financial year 2026-2027
  • Effective from May 25, 2026
  • Firm specializes in Statutory Audit, Internal Audit, Bank Audit and advisory services

4. Executive Appointment

  • Appointed Mr. Bhupendrasinh Dalpatsinh Rana as Vice President - Logistics Operations
  • Effective from June 1, 2026
  • Monthly remuneration of ₹75,000
  • Within limits of section 188(f) of Companies Act, 2013
  • Mr. Rana has extensive experience in transportation, fleet management, warehousing, distribution, and supply chain optimization

5. Related Party Transaction

  • Approved purchase of diesel from M/s Rajvi Petroleum
  • Amount not exceeding ₹9 crores for FY 2026-2027
  • Approved based on recommendation of Audit Committee
  • Compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026

Financial Results Highlights (Year Ended March 31, 2026)

Income Statement

  • Total income from operations: ₹96.94 crore (FY25: ₹43.05 crore)
  • Net sales/income from operations: ₹95.69 crore (FY25: ₹42.64 crore)
  • Other operating income: ₹0.99 crore (FY25: ₹0.39 crore)
  • Other income: ₹0.26 crore (FY25: ₹0.02 crore)
  • Total expenses: ₹93.07 crore (FY25: ₹41.58 crore)
  • Operating expenses: ₹83.28 crore (FY25: ₹40.00 crore)
  • Purchase of stock-in-trade: ₹3.78 crore (FY25: ₹0.00 crore)
  • Employee benefits expense: ₹3.27 crore (FY25: ₹0.87 crore)
  • Financial cost: ₹1.53 crore (FY25: ₹0.46 crore)
  • Other expenditure: ₹0.57 crore (FY25: ₹0.16 crore)
  • Depreciation: ₹0.64 crore (FY25: ₹0.10 crore)
  • Profit before tax: ₹3.87 crore (FY25: ₹1.46 crore)
  • Tax expense: ₹1.02 crore (Current tax: ₹1.02 crore, Deferred tax: ₹-0.02 crore)
  • Profit after tax: ₹2.87 crore (FY25: ₹1.09 crore)
  • Total comprehensive income: ₹2.87 crore (FY25: ₹1.09 crore)

Earnings Per Share

  • Basic EPS: ₹7.16 (FY25: ₹10.94)
  • Diluted EPS: ₹7.16 (FY25: ₹10.94)
  • Paid-up equity share capital: ₹6.33 crore (Face value ₹10 each)

Quarterly Performance (Q4 FY26)

  • Total income: ₹30.95 crore
  • Profit before tax: ₹1.95 crore
  • Profit after tax: ₹1.44 crore
  • Basic EPS: ₹3.60

Balance Sheet Position (as of March 31, 2026)

  • Total assets: ₹26.48 crore
  • Total equity: ₹10.78 crore
  • Equity share capital: ₹6.33 crore
  • Other equity: ₹4.46 crore
  • Non-current liabilities: ₹5.98 crore
  • Current liabilities: ₹9.71 crore

Cash Flow Statement (FY26)

  • Net cash from operating activities: ₹8.36 crore
  • Net cash used in investing activities: ₹-6.97 crore
  • Net cash from financing activities: ₹0.93 crore
  • Cash and cash equivalents: ₹2.66 crore

Auditor Declaration

  • Statutory auditors Prakash Tekwani & Associates (FRN: 120253W) issued unmodified opinion
  • Audit conducted in accordance with Standards on Auditing
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

Additional Information

  • Company operates in single segment
  • Previous year figures regrouped/reclassified for comparability
  • EPS for quarter ended is on non-annualized basis
  • Results reviewed by Audit Committee and approved by Board of Directors