Board Meeting Details

The Board of Directors meeting was held on May 27, 2026, from 4:25 PM to 7:45 PM. The meeting approved:

  • Audited Financial Results for half year and year ended March 31, 2026
  • Statements of Assets & Liabilities and Cash Flow
  • Appointment of Mrs. Shruti Vyas (DIN: 01305405) as Additional Director (Non-Executive and Independent) effective May 27, 2026, not liable to retire by rotation, subject to shareholder regularization in ensuing AGM

Financial Results (Standalone, ₹ in Lakhs)

Income Statement:

  • Half Year Ended March 31, 2026:
  • Total Income: ₹1,27,630.82
  • Profit Before Tax: ₹4,900.67
  • Net Profit: ₹3,486.88
  • EPS: ₹22.23 (not annualized)
  • Year Ended March 31, 2026:
  • Total Income: ₹2,78,208.82
  • Profit Before Tax: ₹10,684.48
  • Net Profit: ₹7,782.00
  • EPS: ₹49.61
  • Comparative Figures (Year Ended March 31, 2025):
  • Total Income: ₹2,20,480.33
  • Profit Before Tax: ₹6,562.13
  • Net Profit: ₹4,811.41
  • EPS: ₹30.67

Balance Sheet (as of March 31, 2026, ₹ in Lakhs):

  • Share Capital: ₹2,317.23 (unchanged)
  • Reserves and Surplus: ₹38,749.16 (up from ₹30,967.07)
  • Total Equity: ₹41,066.39
  • Long-term Borrowings: ₹25,152.28 (up from ₹9,478.96)
  • Short-term Borrowings: ₹44,900.44 (up from ₹31,445.57)
  • Total Liabilities: ₹1,48,271.41
  • Inventories: ₹65,363.03 (up from ₹49,511.24)
  • Trade Receivables: ₹56,133.40 (up from ₹44,444.59)
  • Cash and Cash Equivalents: ₹17,460.67 (down from ₹24,537.88)

Cash Flow Statement (Year Ended March 31, 2026, ₹ in Lakhs):

  • Net Cash Used in Operating Activities: ₹(32,715.57)
  • Net Cash Used in Investing Activities: ₹8.14
  • Net Cash from Financing Activities: ₹25,630.22
  • Net Decrease in Cash: ₹(7,077.21)

Auditor Qualifications

Yatin Kumar Shah, Statutory Auditor, issued an unmodified opinion with Emphasis of Matter regarding:

  • OFAC (Office of Foreign Assets Control, U.S. Department of the Treasury) sanctions restricting US-linked banking transactions
  • Company has appointed US legal counsel to seek removal from OFAC list
  • Unable to obtain direct balance confirmations from Citibank for fixed deposits and WCDL facilities
  • Interest income of ₹48.18 lakh on fixed deposits recognized provisionally
  • Interest expense of ₹10.81 lakh on WCDL facilities accounted for provisionally

Director Appointment Details

Mrs. Shruti Vyas (DIN: 01305405):

  • Chartered Accountant with over two decades of experience
  • Currently CEO of Prime Vision Professional Education (brand operated by Edmentors Vision Private Limited)
  • Partner at Vyas & Associates since 2007
  • Not related to any other director of the company
  • Not debarred from holding director office by SEBI or any authority

Additional Information

  • Company exempted from IND-AS adoption as listed on BSE SME platform
  • Engaged in importer & trading of chemicals (no separate segment reporting required)
  • Unsecured loans include loans from promoters, promoters group, and corporate bodies
  • Previous period figures regrouped/rearranged for comparability