Board Meeting Details

The Board meeting commenced at 3:30 PM and concluded at 5:00 PM on October 29, 2026.

Financial Results Overview

Balance Sheet (Amount in ₹ lakhs):

  • Total Equity and Liabilities: ₹3,409.89 (Unaudited) vs ₹3,635.84 (Audited as at March 31, 2026)
  • Share Capital: ₹2,000.00 (unchanged)
  • Reserves and Surplus: ₹1,369.80 (Unaudited) vs ₹1,226.20 (Audited)
  • Total Assets: ₹3,409.89 (Unaudited) vs ₹3,635.84 (Audited)

Profit and Loss Statement (Amount in ₹ lakhs):

  • Revenue from Operations (Half Year): ₹713.03 (Unaudited) vs ₹1,426.30 (Audited Full Year)
  • Total Income (Half Year): ₹760.79 (Unaudited) vs ₹1,437.74 (Audited Full Year)
  • Profit Before Tax (Half Year): ₹19.40 (Unaudited) vs ₹57.83 (Audited Full Year)
  • Net Profit (Half Year): ₹14.36 (Unaudited) vs ₹38.97 (Audited Full Year)
  • Earnings Per Share (Basic & Diluted): ₹0.04 (Half Year) vs ₹0.10 (Full Year)
  • Face Value Per Share: ₹5.00
  • Weighted Average Number of Shares: 40,000,000

Cash Flow Statement (Amount in ₹ lakhs):

  • Net Cash from Operating Activities: ₹46.61
  • Net Cash from Investing Activities: ₹22.50
  • Net Cash from Financing Activities: ₹(-16.71)
  • Net Increase in Cash and Equivalents: ₹7.41
  • Cash and Equivalents at End: ₹79.72

Auditor Review

Abhishek Kumar & Associates, Chartered Accountants (Firm Reg. No.: 130052W), issued an unmodified limited review report on the unaudited financial results. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI.

Significant Accounting Policies and Notes

1. The company has only one business segment, making segment reporting under AS 17 not applicable.

2. Figures for half year ended March 31, 2026 represent the difference between audited full year figures and published unaudited figures up to September 30, 2025.

3. The company is exempt from adopting IND AS as it is listed on SME platform and covered under Chapter XB of SEBI (ICDR) Regulations, 2009.

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

5. No investor complaints pending as on October 20, 2026.

Related Party Transactions (AS 18)

Key Management Personnel:

  • Rakesh Vallabh Swadia (Chairman and Managing Director)
  • Devarshi Rakesh Swadia (Whole-Time Director)
  • Nita Rakesh Swadia (Executive Director)
  • Bhavin Omprakash Kachhwah (Independent Director)
  • Kunal Sudhirbhai Shah (Independent Director)
  • Ujjal Dutta (Chief Financial Officer)
  • Reeya Dilip Kothari (Company Secretary)

Transaction Details (Amount in ₹):

1. Salary paid to KMP/Relatives: ₹39,09,300 total

  • Manisha Devarshi Swadia: ₹3,60,000
  • Ujjal Dutta: ₹5,19,300
  • Devarshi Rakesh Swadia: ₹12,00,000
  • Rakesh Vallabh Swadia: ₹16,20,000
  • Reeya Dilip Kothari: ₹2,10,000

2. Loan Transactions:

  • Devarshibhai Rakeshbhai Swadia: Opening ₹92,45,793, Received ₹48,55,000, Paid ₹1,38,88,000, Closing ₹2,12,793
  • Rakesh Vallabh Swadia: Opening ₹17,45,716, Received ₹2,50,000, Paid ₹18,15,716, Closing ₹1,80,000

3. Advances to Related Parties: Given ₹2,86,81,823, Received back ₹2,57,60,225, Closing Balance ₹29,21,598

4. Other Transactions: Reimbursement of expenses ₹5,21,969, Rent ₹1,92,000, Sales to Himgiri Engineers ₹3,07,803, Purchases from Himgiri Engineers ₹3,22,165