Financial Results for Q1 FY27

The Board approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review report from statutory auditor Mayur Shah & Associates.

Key Financial Highlights (Standalone, Rs. in Lakhs):

  • Net sales/income from operations: ₹3023.30 (vs. ₹1801.84 in Q1 FY25 and ₹2011.59 in Q4 FY26)
  • Other income: ₹30.07 (vs. ₹1.56 in Q1 FY25 and ₹238.38 in Q4 FY26)
  • Total income: ₹3053.37 (vs. ₹1803.40 in Q1 FY25 and ₹2297.89 in Q4 FY26)
  • Cost of materials consumed: ₹1460.65 (vs. ₹0.00 in Q1 FY25 and ₹65.54 in Q4 FY26)
  • Purchase of stock-in-trade: ₹1532.00 (vs. ₹2426.41 in Q1 FY25 and ₹1792.26 in Q4 FY26)
  • Employee benefits expense: ₹47.94 (vs. ₹12.82 in Q1 FY25 and ₹73.87 in Q4 FY26)
  • Financial cost: ₹56.04 (vs. ₹22.72 in Q1 FY25 and ₹55.22 in Q4 FY26)
  • Total expenses: ₹3182.02 (vs. ₹1797.18 in Q1 FY25 and ₹2131.61 in Q4 FY26)
  • Loss before tax: ₹(128.65) (vs. profit of ₹6.22 in Q1 FY25 and profit of ₹166.28 in Q4 FY26)
  • Loss after tax: ₹(128.65) (vs. profit of ₹6.22 in Q1 FY25 and profit of ₹166.28 in Q4 FY26)
  • Basic EPS: ₹(0.38) (vs. ₹0.02 in Q1 FY25 and ₹0.49 in Q4 FY26)
  • Diluted EPS: ₹(0.38) (vs. ₹0.02 in Q1 FY25 and ₹0.49 in Q4 FY26)
  • Paid-up equity share capital: ₹3402.00 (unchanged from previous periods, face value ₹10)

Segment-wise Performance (Rs. in Lakhs):

The company operates in three segments: Trading, Manufacturing, and Land Development.

  • Trading segment (Jodhpur): Profit before interest & tax of ₹(24.51) (vs. ₹35.89 in Q1 FY25 and ₹48.45 in Q4 FY26)
  • Trading segment (Gujarat): Profit before interest & tax of ₹0.00 (vs. ₹(6.71) in Q1 FY25 and ₹0.00 in Q4 FY26)
  • Sale of Land - Tamilnadu: Profit before interest & tax of ₹(137.96) (vs. ₹0.00 in Q1 FY25 and ₹(137.36) in Q4 FY26)
  • Manufacturing - Gujarat: Profit before interest & tax of ₹(89.72) (vs. ₹70.34 in Q1 FY25 and ₹28.94 in Q4 FY26)

Key Appointments and Approvals

1. Internal Auditor Appointment: M/s. Jayanta & Associates, Chartered Accountants, appointed as Internal Auditor for FY 2026-2027.

2. Managing Director Re-appointment: Mr. Rushabh Ravjibhai Patel (DIN: 02721107) re-appointed as Managing Director effective August 11, 2026, for a period of three years until August 10, 2029, subject to shareholder approval at the ensuing AGM. Mr. Patel has 10 years of experience in operations and is related to other directors/promoters (son of Ravjibhai N Patel, brother of Krunal R Patel, and related to promoter Smt. Indiraben R Patel).

3. Director's Report: The Board approved the Director's report for FY 2025-2026 along with annexures and statutory reports.

4. Annual General Meeting: The 34th Annual General Meeting will be convened on Friday, September 25, 2026, through Video Conferencing/Other Audio Visual Means as per MCA and SEBI circulars.

Additional Notes from Financial Results

  • The company has sufficient carried forward losses under the Income Tax Act, 1961, and has not made any tax provision for profits earned.
  • No provision for gratuity under the new Labour Code has been made as the company has only one eligible employee with more than 5 years of service; this will be provided at year-end.
  • The financial results were prepared in accordance with Indian Accounting Standards (Ind AS).
  • The statutory auditors conducted a limited review as per Regulation 33 of SEBI (LODR) Regulations, 2015.