Board Meeting Details

The Board of Directors meeting was held on Tuesday, May 26, 2026, at the Registered Office of the Company at 50-E, Bhaktinagar Industrial Estate, Rajkot - 360002. The meeting commenced at 4:30 PM and concluded at 5:00 PM.

Financial Results Approval

The Board considered and approved the Audited Financial Results of the Company for the quarter and year ended on March 31, 2026, as recommended by the Audit Committee along with the Auditor's Report.

Financial Performance Highlights (Rs. in Lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25):

  • Revenue from Operations: ₹608.16 (vs ₹230.12 in Q4 FY25)
  • Other Income: ₹30.89 (vs ₹29.60 in Q4 FY25)
  • Total Income: ₹639.05 (vs ₹259.72 in Q4 FY25)
  • Total Expenses: ₹611.33 (vs ₹263.36 in Q4 FY25)
  • Profit Before Tax: ₹27.72 (vs loss of ₹3.64 in Q4 FY25)
  • Net Profit After Tax: ₹20.49 (vs net loss of ₹34.76 in Q4 FY25)
  • Basic EPS: ₹0.43 (vs loss of ₹0.73 in Q4 FY25)

Annual Performance (FY26 vs FY25):

  • Revenue from Operations: ₹1,434.95 (vs ₹1,396.79 in FY25)
  • Other Income: ₹112.21 (vs ₹108.05 in FY25)
  • Total Income: ₹1,547.16 (vs ₹1,504.84 in FY25)
  • Total Expenses: ₹1,473.31 (vs ₹1,431.95 in FY25)
  • Profit Before Tax: ₹73.85 (vs ₹72.89 in FY25)
  • Net Profit After Tax: ₹66.62 (vs ₹41.77 in FY25)
  • Basic EPS: ₹1.41 (Annualized)

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹4,487.00 lakhs (vs ₹3,658.08 lakhs as of March 31, 2025)
  • Equity Share Capital: ₹476.47 lakhs (unchanged)
  • Reserves: ₹1,321.75 lakhs (vs ₹1,254.45 lakhs)
  • Non-current Borrowings: ₹59.69 lakhs (vs ₹67.29 lakhs)
  • Current Borrowings: ₹2,529.00 lakhs (vs ₹1,755.30 lakhs)
  • Cash and Cash Equivalents: ₹590.50 lakhs (vs ₹469.58 lakhs)
  • Inventories: ₹362.39 lakhs (vs ₹168.17 lakhs)
  • Trade Receivables: ₹226.80 lakhs (vs ₹143.11 lakhs)

Cash Flow Statement (FY26)

  • Net Cash from Operating Activities: (₹348.59) lakhs
  • Net Cash from Investing Activities: (₹397.30) lakhs
  • Net Cash from Financing Activities: ₹866.81 lakhs
  • Net Increase in Cash: ₹120.92 lakhs

Key Expenses Breakdown (FY26)

  • Cost of Materials Consumed: ₹948.62 lakhs
  • Employee Benefit Expense: ₹75.91 lakhs
  • Finance Costs: ₹11.20 lakhs
  • Depreciation: ₹220.39 lakhs
  • Other Expenses: ₹427.23 lakhs

Audit Opinion

J.A. Sheth & Associates, Chartered Accountants (FRN: 119980W) issued an unmodified audit opinion on the financial results, stating they give a true and fair view in accordance with Indian Accounting Standards.

Business Segment

The Company operates in a single segment - manufacturing of gears, gear boxes, and other transmission components.

Labour Code Implementation Note

The disclosure notes that the Government of India has consolidated 29 labour laws into four Labour Codes effective from November 21, 2025. Based on currently available information, the impact on the Company's employee benefit obligations has been considered and is not material. The Company will reassess and recognize any impact upon notification of Central and State Rules.

Additional Information

The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published unaudited year-to-date figures up to the third quarter. The results have been prepared in accordance with Indian Accounting Standards (Ind AS).