Board Meeting Details
The Board meeting commenced at 4:00 PM and concluded at 5:00 PM at the company's registered office: Rajvi House Plot No. 109, Sector-08, Gandhidham 370201, Kutch, Gujarat.
Key Approvals and Outcomes
1. Financial Results Approval
The Board considered and approved the Un-Audited Financial Results for the quarter ended 30th June 2026 along with the Limited Review Report issued by the statutory auditor, Prakash Tekwani & Associates, as per Regulation 33 of SEBI LODR Regulations.
2. Annual General Meeting
Approved the Board's Report and Notice of the 39th Annual General Meeting for FY 2025-2026, scheduled to be held on Tuesday, 15th September 2026 at 12:00 PM at "RANI HOUSE" Plot no. 109, Sector-8, Gandhidham, Kachchh, Gujarat 370201.
3. Related Party Transactions
Based on Audit Committee recommendation, the Board approved the following related party transactions subject to member approval:
- Leasing of commercial vehicle and availing/rendering logistics services from Mr. Bhupendrasinh Dalpatsinh Rana for aggregate value not exceeding ₹15 crore, effective from date of 39th AGM until next AGM in 2027
- Availing & rendering logistics and allied business services with RCC LIMITED for aggregate value not exceeding ₹60 crores, effective from 1st April 2027 to 31st March 2028
- Transfer of Fleets and Equipment with RCC LIMITED for aggregate value not exceeding ₹20 crores, effective from 1st April 2027 to 31st March 2028
4. Committee Reconstitution
Board approved reconstitution of committees effective 11/08/2026:
Nomination & Remuneration Committee:
- Chairman: Narendrasinh Dalpatsinh Rana (previously Rajvi Maulin Acharya)
- Members: Rajesh Girishchandra Champanery, Arpana Sandeep Shah
Stakeholders Relationship Committee:
- Chairman: Maulin Bhavesh Acharya (previously Rajvi Maulin Acharya)
- Members: Rajvi Maulin Acharya, Rajesh Girishchandra Champanery
5. Memorandum of Association Alteration
Board approved alteration of Clause III(A) - Object Clause of MOA by inserting additional objects for Trading of Raw Salt and Petrochemical By-Products, subject to member approval.
Financial Results Summary (Quarter Ended 30th June 2026)
Income Statement Highlights (₹ lakh):
- Net sales/income from operations: ₹2,228.43
- Other Operating Income: ₹0.00
- Other income: ₹0.00
- Total income from operations (net): ₹2,228.43
Expenses Breakdown (₹ lakh):
- Operating Expenses: ₹2,026.68
- Employee benefits expense: ₹63.83
- Financial Cost: ₹44.46
- Other Expenditure: ₹16.70
- Depreciation: ₹12.32
- Total expenses: ₹2,163.99
Profitability (₹ lakh):
- Profit before Exceptional Items & Tax: ₹64.44
- Exceptional Items: ₹0.00
- Profit before Tax: ₹64.44
- Tax Expenses: ₹18.31 (Current Tax: ₹16.22, Deferred Tax: ₹2.09)
- Profit after Tax: ₹46.13
- Other Comprehensive Income: ₹0.00
- Total Comprehensive Income after Tax: ₹46.13
Key Metrics:
- Paid up equity share capital (Face Value ₹10): ₹632.55 lakh
- Earnings per share (not annualized): Not specified in numerical value in the provided data
Auditor's Review Report
Prakash Tekwani & Associates, Chartered Accountants (FRN: 120253W) conducted a limited review of the quarterly results as per SRE 2410. Their report dated 11/08/2026 states that nothing has come to their attention causing them to believe that the financial results contain any material misstatement or fail to disclose required information under Regulation 33 of SEBI LODR Regulations.
Additional Notes
- The company operates in only one segment
- Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
- Corresponding period figures have been regrouped/reclassified where necessary
- EPS calculation is on non-annualized basis