Key Decisions and Appointments
The Board of Directors met on August 13, 2026, from 11:00 A.M. to 06:50 P.M. at the corporate office in Surat. The Board:
1. Considered and approved the Standalone Unaudited Financial Results along with the Limited Review Report for the quarter ended June 30, 2026.
2. Appointed Mr. Tofan Ashok Jena as an Internal Auditor of the Company for the financial year 2026-27, effective from August 13, 2026. His profile was described as an experienced accounting professional with over six years of expertise in financial reporting and internal controls.
Financial Results for Quarter Ended June 30, 2026 (₹ Lakhs)
The company reported a net loss for the quarter.
- Total Income: ₹1,086.385 (Revenue from Operations: ₹1,083.255; Other Income: ₹3.130)
- Total Expenses: ₹1,092.796
- Cost of Materials Consumed: ₹515.560
- Purchases of Stock-in-Trade: ₹128.046
- Changes in Inventories: (₹14.326)
- Employee Benefit Expenses: ₹61.805
- Finance Costs: ₹30.225
- Depreciation/Amortisation: ₹46.013
- Other Expenses: ₹325.472
- Profit/(Loss) before tax: (₹6.41)
- Tax Expense: ₹0 (Current Tax: ₹0; Deferred Tax: ₹31.721 [credit])
- Profit/(Loss) for the period: ₹25.310
- Other Comprehensive Income: (₹0.878)
- Total Comprehensive Income: ₹24.432
Key Financial Metrics
- Earnings Per Share (EPS): Basic and Diluted EPS was ₹0.25.
- Paid-up Equity Share Capital: ₹1,005.840 Lakhs (Face Value ₹10 each)
- Other Equity: ₹1,104.954 Lakhs
- Debt Equity Ratio: 0.817
- Debt Service Coverage Ratio: 0.448
- Interest Service Coverage Ratio: 0.787
Comparative Performance (Q1 FY26)
The results represent a significant decline from the profit reported in the corresponding quarter of the previous year (Q1 FY26), which showed a Profit before Tax of ₹25.976 Lakhs and a Profit for the period of ₹19.758 Lakhs.
Regulatory and Compliance Information
- The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and Accounting Standard 34 (Interim Financial Reporting).
- The results were reviewed by the company's statutory auditors, Pradeep K. Singhi & Associates (FRN: 0126027W), who issued a limited review report with no adverse findings.
- The company received zero investor complaints during the quarter, with no complaints pending at the start or end of the period.
- The company operates in a single operating segment.
- The company has no Holding, Subsidiary, Joint Venture, or Associate concerns.