Board Meeting Details

The Meeting of the Board of Directors was held on Friday, 29th May, 2026 from 04:00 pm to 06:00 pm at the registered office of the Company. The following agenda matters were discussed and approved:

1. Approval of Audited Financial Results and Audit Report for Q4 and year ended March 31, 2026

2. Declaration on Unmodified Opinion on the Financial Results

3. Disclosure under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 regarding fund raising by issuance of Debt Securities by Large Entities

4. Appointment of Mr. Jagdish Vadaliya as Internal Auditor for 3 years from FY2026-27

5. Confirmation that there is no default on loans and debt securities

Financial Performance Highlights

Year Ended March 31, 2026 (Audited)

  • Total Income: ₹1,618.74 lakh
  • Total Expenses: ₹1,886.29 lakh
  • Loss before tax: ₹(267.55) lakh
  • Total tax expense: ₹414.28 lakh
  • Loss after tax from continuing operations: ₹(681.83) lakh
  • Basic & diluted earnings per share: ₹(30.17) per share of face value ₹10 each

Quarter Ended March 31, 2026 (Audited)

  • Total Income: ₹235.79 lakh
  • Total Expenses: ₹491.97 lakh
  • Loss before tax: ₹(256.18) lakh
  • Total tax expense: ₹400.56 lakh
  • Loss after tax from continuing operations: ₹(656.74) lakh
  • Basic & diluted earnings per share: ₹(30.06) per share of face value ₹10 each

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹13,315.04 lakh (Previous year: ₹12,554.87 lakh)
  • Non-current assets: ₹2,141.26 lakh (including Property, plant and equipment: ₹4.40 lakh, Investment Property: ₹924.54 lakh, Investment in Subsidiary/Associate: ₹771.35 lakh, Financial assets: ₹164.71 lakh, Deferred Tax assets: ₹276.26 lakh)
  • Current assets: ₹11,087.35 lakh (including Inventories: ₹10,015.68 lakh, Cash and cash equivalents: ₹89.85 lakh, Other financial assets: ₹35.26 lakh, Loans: ₹255.03 lakh, Other current assets: ₹691.53 lakh)
  • Asset classified as held for Sale: ₹86.43 lakh
  • Total Equity: ₹6,309.10 lakh (Share capital: ₹2,260.00 lakh, Other equity: ₹4,049.10 lakh)
  • Non-current liabilities: ₹5,858.40 lakh (Borrowings: ₹2,437.59 lakh, Other Non Current Liabilities: ₹3,420.81 lakh)
  • Current liabilities: ₹1,147.54 lakh (Borrowings: ₹105.42 lakh, Trade payables: ₹401.87 lakh, Other financial liabilities: ₹12.03 lakh, Current Tax Liabilities: ₹515.56 lakh, Provisions: ₹22.00 lakh, Other current liabilities: ₹90.66 lakh)

Cash Flow Statement (Year Ended March 31, 2026)

  • Net cash flow from operating activities: ₹(812.82) lakh
  • Net cash flow from investing activities: ₹2,421.60 lakh
  • Net cash flow from financing activities: ₹(1,551.99) lakh
  • Net increase in cash and cash equivalents: ₹56.79 lakh
  • Cash and cash equivalents at beginning of year: ₹33.06 lakh
  • Cash and cash equivalents at end of year: ₹89.85 lakh

Changes in Equity

  • Share capital remained unchanged at ₹2,260.00 lakh during FY2026
  • Other equity increased from ₹3,857.84 lakh to ₹4,049.10 lakh
  • Retained earnings: ₹2,058.02 lakh (Previous year: ₹(93.22) lakh)
  • Other Comprehensive Income: ₹61.58 lakh (Previous year: ₹2,021.56 lakh)
  • During the year, cumulative gain of ₹2,833.07 lakh previously recognized under OCI was transferred to Retained Earnings upon realization of gains on sale of Equity Shares

Key Appointments

Mr. Jagdish Vadaliya was appointed as Internal Auditor of the Company for a term of 3 years from financial year 2026-27. He has over 20 years of experience in Internal Audit, Assurance, and Taxation. Office address: 64/2, navanu dehlu, Gujarat Jining mills chawls, outside prem Darwaja, Ahmedabad-380016. Email: jagdish@samor.in. No relationship exists between the auditor and directors of the company.

Explanatory Notes

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

2. Company engaged in single segment 'Construction' predominantly in India

3. Figures for quarter ended March 31, 2026 are balancing figures between audited full year and unaudited figures up to third quarter

4. Significant reclassification of expenses during the year - employee benefit expenses and finance costs previously capitalized to inventory were reclassified to other expense heads

5. Provision for income tax recognized during the quarter represents cumulative tax impact assessed up to reporting date