Board Meeting Details

The meeting was held on Wednesday, 04th November, 2026, commencing at 01:00 PM and closing at approximately 02:45 PM.

Key Decisions Approved

1. Unaudited Financial Results: Approved the unaudited financial results along with Limited Review Report of the Company for the half year ended on September 30, 2026.

2. Secretarial Auditor Appointment: Appointed M/s. G R Shah & Associates as the Secretarial Auditor of the Company for Financial Year 2026-27.

3. Internal Auditor Appointment: Appointed M/s. C. P. Shah & Associates as the Internal Auditor of the Company for Financial Year 2026-27.

Financial Results for Half Year Ended September 30, 2026

Income Statement (₹ in lakh)

  • Revenue from Operations: ₹13,708.71
  • Other Income: ₹90.28
  • Total Revenue: ₹13,798.99
  • Cost of Materials consumed: ₹14,679.15
  • Changes in inventories: (₹2,837.73) [negative indicates decrease]
  • Employee benefit Expenses: ₹283.16
  • Finance costs: ₹744.54
  • Depreciation and amortisation expenses: ₹129.37
  • Other expenses: ₹324.40
  • Total Expenses: ₹13,322.89
  • Profit before tax: ₹476.10
  • Tax Expense: ₹122.42 (Current Tax: ₹119.82, Deferred Tax: ₹2.60)
  • Net Profit for the period: ₹353.68

Comparative Financial Performance

| Period | Revenue | Net Profit | Basic EPS (₹) |

| H1 FY27 (Sep 2026) | ₹13,798.99 | ₹353.68 | 2.84 |

| H2 FY26 (Mar 2026) | ₹21,270.16 | ₹536.96 | 4.32 |

| H1 FY26 (Sep 2025) | ₹24,829.69 | ₹608.39 | 7.34 |

| Full Year FY26 | ₹39,394.24 | ₹1,145.35 | 9.21 |

| Full Year FY25 | ₹39,394.24 | ₹758.65 | 9.15 |

Balance Sheet as of September 30, 2026 (₹ in lakh)

  • Share Capital: ₹1,243.54
  • Reserves and Surplus: ₹6,218.31
  • Total Shareholder's Funds: ₹7,461.85
  • Long term borrowings: ₹6,972.87
  • Deferred tax liabilities: ₹109.19
  • Short term borrowings: ₹9,650.77
  • Trade payables: ₹205.85
  • Other current liabilities: ₹226.78
  • Short-term provisions: ₹140.97
  • Total Equity and Liabilities: ₹24,768.28
  • Tangible Assets: ₹2,086.34
  • Inventories: ₹14,360.44
  • Trade Receivables: ₹5,816.15
  • Cash and Cash equivalents: ₹886.00
  • Short-term loans and advances: ₹1,619.34
  • Total Assets: ₹24,768.28

Cash Flow Statement for H1 FY27 (₹ in lakh)

  • Cash Flow From Operating Activities: (₹1,726.71)
  • Cash Flow From Investing Activities: ₹0.59
  • Cash Flow From Financing Activities: ₹2,148.47
  • Net increase in cash and cash equivalents: ₹512.05
  • Cash and cash equivalents at beginning: ₹805.21
  • Cash and cash equivalents at end: ₹1,317.26

Auditor Appointments Details

Secretarial Auditor - M/s. G R Shah & Associates

  • Appointment Date: 04th November, 2026
  • Term: Financial Year 2026-27
  • Key Personnel: Mr. Gaurang Shah, Proprietor
  • Experience: More than a decade of experience in corporate laws, legal and regulatory compliance, secretarial compliances, ROC matters, SEBI compliances, corporate governance, secretarial audits, FEMA compliances, management consultancy, and advisory services.

Internal Auditor - M/s. C. P. Shah & Associates

  • Appointment Date: 04th November, 2026
  • Term: Financial Year 2026-27
  • Firm Registration No.: 126811W
  • Specialization: Multidisciplinary firm specializing in auditing, Financial Reporting, Internal Controls and Audit across business functions, Statutory Compliances.

Additional Information

  • Paid-up equity share capital: 124,353,780 shares (Face value of ₹10 each)
  • No investor complaints received/pending as on September 30, 2026
  • The company does not have any subsidiary, associate or joint venture
  • Being listed under SME Sector, Corporate Governance is not applicable under Regulation 15(2)(b) of SEBI LODR
  • Figures of previous period/year have been regrouped/recast wherever necessary for comparability