Key Decisions and Approvals
1. Financial Results Approval
The Board of Directors approved and took on record the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, along with the Auditors' Report. M/s. Shah & Shah Associates, Statutory Auditors of the Company, issued audit reports with unmodified opinion.
2. Dividend Recommendation
The Board recommended Final Dividend of ₹2.10 (21%) per equity share of face value ₹10 each for Financial Year 2025-26, subject to approval by shareholders at the ensuing Annual General Meeting.
3. Management Changes
- Designation of Mr. Pranav Bhalara (DIN: 03299470), Executive Director as Whole-time Director and revision in remuneration, subject to shareholder approval
- Designation of Mr. Kishor Doshi (DIN: 07846262), Executive Director as Whole-time Director and revision in remuneration, subject to shareholder approval
4. Internal Auditor Reappointment
On recommendation of Audit Committee, reappointment of M/s. K J Patel and Associates, Chartered Accountants (FRN: 126264W) as Internal Auditors of the Company for financial year 2026-27.
5. Other Business
Consideration and approval of other businesses as per agenda circulated.
Financial Performance Highlights (Standalone)
Year Ended March 31, 2026 (Audited)
- Revenue from operations: ₹8,838.00 lakhs (FY25: ₹8,261.09 lakhs)
- Total Revenue: ₹9,125.18 lakhs (FY25: ₹8,623.70 lakhs)
- Profit before exceptional items & tax: ₹1,218.23 lakhs (FY25: ₹514.52 lakhs)
- Exceptional Items: ₹252.16 lakhs (due to statutory impact of new Labour Codes)
- Profit before tax: ₹966.07 lakhs (FY25: ₹514.52 lakhs)
- Profit for the year: ₹795.87 lakhs (FY25: ₹420.81 lakhs)
- Total Comprehensive Income: ₹802.76 lakhs (FY25: ₹399.97 lakhs)
- Basic and Diluted EPS: ₹12.94 (FY25: ₹6.84)
Quarter Ended March 31, 2026 (Unaudited)
- Revenue from operations: ₹2,167.56 lakhs (Q4 FY25: ₹2,084.58 lakhs)
- Profit before exceptional items & tax: ₹46.61 lakhs (Q4 FY25: loss of ₹131.41 lakhs)
- Exceptional Items: ₹8.96 lakhs
- Profit for the quarter: ₹43.44 lakhs (Q4 FY25: loss of ₹85.31 lakhs)
Segment-wise Performance (Standalone)
The company has three reportable segments:
1. Manufacture of Gravure rollers
2. Power generation
3. Others
Year Ended March 31, 2026
- Gravure rollers revenue: ₹8,284.07 lakhs
- Power generation revenue: ₹383.17 lakhs
- Others revenue: ₹553.93 lakhs
- Total segment revenue: ₹9,221.17 lakhs
- Less: Inter segment revenue: ₹383.17 lakhs
- Net Sales/Income from Operations: ₹8,838.00 lakhs
Exceptional Items Detail
The Company disclosed an exceptional item of ₹252.16 lakhs for the year ended March 31, 2026, primarily arising due to change in wage definition under the new Labour Codes notified by Government of India on November 21, 2025. This represents incremental impact on retirement benefits and has been presented as statutory impact of new Labour Codes.
Balance Sheet Position (Standalone as at March 31, 2026)
- Total Assets: ₹12,118.02 lakhs (March 2025: ₹11,679.29 lakhs)
- Property, Plant and Equipment: ₹5,096.67 lakhs
- Investments: ₹448.48 lakhs (non-current) + ₹2,708.80 lakhs (current)
- Cash and Cash Equivalents: ₹134.84 lakhs
- Equity Share Capital: ₹614.98 lakhs
- Other Equity: ₹10,118.63 lakhs
- Total Equity: ₹10,733.61 lakhs
Cash Flow Statement (Standalone FY2025-26)
- Cash generated from operations: ₹1,145.06 lakhs
- Net cash used in investing activities: ₹1,029.70 lakhs
- Net cash used in financing activities: ₹188.69 lakhs
- Net increase in cash & cash equivalents: ₹(73.83) lakhs
Meeting Details
- Board Meeting commenced at 3:30 p.m. and concluded at 6:00 p.m. on May 23, 2026
- The information was signed by Jay Rajendrabhai Chavda, Company Secretary & Compliance Officer (Membership No.: F14040)
Attachments
1. Standalone and Consolidated Audited Financial Results for Q4 and FY2025-26
2. Independent Auditors' Report for FY2025-26
3. Annexure I (Director designation details)
4. Annexure II (Internal auditor details)