Board Meeting Details

The Board of Directors meeting was held on 28th May, 2026, commencing at 3:30 p.m. and concluding at 4:55 p.m.

Matters Approved by the Board

1. Audited Financial Results for the quarter and year ended on 31st March, 2026

2. Auditors Report on Audited Financial Results for the year ended on 31st March, 2026

3. Declaration in respect of Auditor's Report with Unmodified Opinion

4. Reappointment of Mr. Hitesh Popatlal Sangoi (DIN: 00507189) as Non-Executive, Independent Director of the Company for a second term of five consecutive years with effect from conclusion of the Annual General Meeting for FY 2025-26 up to the conclusion of the Annual General Meeting for FY 2029-30

Dividend Declaration

The Board of Directors has not recommended any dividend for financial year ended 31st March, 2026.

Financial Results Summary (Standalone)

For the Year Ended 31st March, 2026:

  • Total Income: ₹77.74 lakh
  • Total Expenses: ₹953.42 lakh
  • Profit before exceptional items and tax: (₹181.68) lakh (loss)
  • Exceptional items: None
  • Profit before tax: (₹181.68) lakh (loss)
  • Tax expense: ₹6.32 lakh (comprising current tax of nil and income tax of earlier years of ₹6.32 lakh)
  • Profit for the year: (₹175.36) lakh (loss)
  • Other Comprehensive Income: (₹2.27) lakh
  • Total Comprehensive Income for the year: (₹177.63) lakh

For the Quarter Ended 31st March, 2026:

  • Total Income: ₹22.99 lakh
  • Total Expenses: ₹255.39 lakh
  • Profit before exceptional items and tax: (₹38.44) lakh (loss)
  • Profit before tax: (₹38.44) lakh (loss)
  • Tax expense: ₹6.32 lakh
  • Profit for the quarter: (₹32.12) lakh (loss)
  • Other Comprehensive Income: (₹2.27) lakh
  • Total Comprehensive Income for the quarter: (₹34.39) lakh

Cash Flow Statement (Year Ended 31st March, 2026)

  • Net cash outflow from operating activities: (₹272.38) lakh
  • Net cash outflow from investing activities: (₹8.30) lakh
  • Net cash inflow from financing activities: ₹506.87 lakh
  • Net cash inflow for the year: ₹226.19 lakh
  • Cash and cash equivalents at beginning of year: ₹21.92 lakh
  • Cash and cash equivalents at end of year: ₹248.11 lakh

Balance Sheet (As at 31st March, 2026)

Assets:

  • Non-current assets: ₹574.90 lakh (Property plant and equipment: ₹553.09 lakh, Financial assets - loans & advances: ₹4.31 lakh, Other non-current assets: ₹17.50 lakh)
  • Current assets: ₹2,645.12 lakh (Inventories: ₹2,035.94 lakh, Trade receivables: ₹352.01 lakh, Cash and cash equivalents: ₹248.11 lakh, Other current assets: ₹9.06 lakh)
  • Total assets: ₹8,394.14 lakh

Equity and Liabilities:

  • Equity: (₹9,568.44) lakh (Equity share capital: ₹161.25 lakh, Other equity: (₹9,729.69) lakh)
  • Non-current liabilities: ₹4,901.12 lakh (Borrowings: ₹4,820.00 lakh, Other financial liability: ₹28.36 lakh, Other non-current liabilities: ₹52.76 lakh)
  • Current liabilities: ₹13,061.46 lakh (Borrowings: ₹6,880.01 lakh, Trade payables: ₹10.95 lakh, Other financial liabilities: ₹2,468.10 lakh, Other current liabilities: ₹3,672.40 lakh)
  • Total equity and liabilities: ₹8,394.14 lakh

Auditor Declaration

M/s. Mittal & Associates, Statutory Auditors of the Company, issued an Audit Report with unmodified opinion on the Audited Financial Results for the year ended 31st March, 2026, pursuant to Regulation 33(3)(d) of SEBI LODR Regulations.

Director Reappointment Details

  • Name: Mr. Hitesh Popatlal Sangoi
  • Reason: Re-appointment as Independent Director
  • Date of Appointment: 28th May, 2026 (Board approval)
  • Term: 5 years from 30th June, 2026 to 29th June, 2031
  • Profile: More than 25 years of experience in field of Product Development and Marketing
  • Relationship: Not related to any Director/Key Managerial Personnel
  • Compliance: Not debarred from holding office of Director by virtue of any SEBI Order

Additional Notes

  • The company does not have different segments
  • Previous year's figures have been regrouped/rearranged wherever necessary
  • Financial results were reviewed by the Audit Committee and approved by Board of Directors
  • Statement prepared in accordance with Indian Accounting Standards (Ind AS)
  • Figures for the three months ended 31st March 2026 are balancing figures between audited annual figures and published nine months figures of previous financial year