Key Decisions and Approvals
The Board of Directors meeting commenced at 03:30 PM and concluded at 04:50 PM on May 28, 2026. The Board:
- Approved the audited Financial Results of the Company for the quarter and financial year ended March 31, 2026
- Appointed Mr. Ronak Ranka, Proprietor of M/s Ronak Ranka & Associates, Practicing Chartered Accountant (M. No.: 459350), as Internal Auditor of the Company for the Financial Year 2026-2027
- Addressed other matters as per agenda and/or with the permission of the chair/all directors present
Financial Results Overview (Year Ended March 31, 2026)
Income Statement Highlights (₹ in Lakh):
- Total Income: ₹132.91 lakh (Previous Year: ₹124.74 lakh)
- Other Income: ₹132.91 lakh (Previous Year: ₹124.74 lakh)
- Employee Benefits Expense: ₹6.17 lakh (Previous Year: ₹9.18 lakh)
- Other Expenses: ₹10.24 lakh (Previous Year: ₹9.92 lakh)
- Total Expenses: ₹16.41 lakh (Previous Year: ₹19.10 lakh)
- Profit Before Tax: ₹116.50 lakh (Previous Year: ₹105.64 lakh)
- Tax Expense: ₹33.15 lakh (Current Tax: ₹32.34 lakh, Tax for Earlier Period: ₹0.81 lakh)
(Previous Year Tax: ₹13.59 lakh net benefit - Current Tax: ₹28.95 lakh, Tax for Earlier Period: ₹(15.36) lakh)
- Profit for the Period: ₹83.35 lakh (Previous Year: ₹92.05 lakh)
- Other Comprehensive Income: ₹(1,727.38) lakh (Previous Year: ₹78.82 lakh)
- Total Comprehensive Income: ₹(1,644.03) lakh (Previous Year: ₹170.87 lakh)
Earnings Per Share (Face Value ₹10):
- Basic EPS: ₹0.49 (Previous Year: ₹0.54)
- Diluted EPS: ₹0.49 (Previous Year: ₹0.54)
Balance Sheet Position (as at March 31, 2026)
Assets (₹ in Lakh):
- Total Assets: ₹2,614.61 lakh (Previous Year: ₹4,244.67 lakh)
- Non-Current Assets: ₹721.13 lakh (Previous Year: ₹2,448.52 lakh)
- Other Financial Assets: ₹721.13 lakh (Previous Year: ₹2,448.52 lakh)
- Current Assets: ₹1,893.48 lakh (Previous Year: ₹1,796.15 lakh)
- Investments: ₹21.24 lakh (Previous Year: ₹24.87 lakh)
- Cash and Cash Equivalents: ₹3.95 lakh (Previous Year: ₹1.72 lakh)
- Loans: ₹1,856.28 lakh (Previous Year: ₹1,733.66 lakh)
- Other Current Assets: ₹12.01 lakh (Previous Year: ₹35.90 lakh)
Equity and Liabilities (₹ in Lakh):
- Total Equity: ₹2,598.27 lakh (Previous Year: ₹4,242.31 lakh)
- Equity Share Capital: ₹1,710.00 lakh (Previous Year: ₹1,710.00 lakh)
- Other Equity: ₹888.27 lakh (Previous Year: ₹2,532.31 lakh)
- Current Liabilities: ₹16.34 lakh (Previous Year: ₹2.36 lakh)
- Other Current Liabilities: ₹16.08 lakh (Previous Year: ₹1.23 lakh)
- Provisions: ₹0.26 lakh (Previous Year: ₹1.13 lakh)
Internal Auditor Appointment Details
Mr. Ronak Ranka Appointment:
- Date of Appointment: May 28, 2026
- Term: Financial Year 2026-2027
- Brief Profile: Qualified Chartered Accountant with over three years of experience in assurance services at PwC, with experience at Vedanta Ltd. in statutory compliance, internal auditing, and risk assessment
- Relationships between Directors: Not Applicable
Additional Information
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The results were reviewed by the Audit Committee and approved by the Board of Directors. The figures for the quarter ended March 31, 2026, are the balancing figures between the audited full financial year figures and the published unaudited year-to-date figures up to the third quarter.