Financial Results Performance

The Board approved the un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026:

Standalone Results (₹ in lakhs):

  • Revenue from operations: ₹13,180.81 (vs. ₹11,669.53 in Q1 FY26, +13% YoY)
  • Total income: ₹13,499.69 (vs. ₹11,882.81 in Q1 FY26)
  • Profit before tax: ₹3,544.29 (vs. ₹2,810.34 in Q1 FY26)
  • Net profit: ₹2,639.99 (vs. ₹2,097.33 in Q1 FY26, +26% YoY)
  • EPS: ₹4.58 (Face value ₹2 per share)
  • Exceptional item: ₹25.75 lakhs received under Pradhan Mantri Viksit Bharat Rozgar Yojna (PM-VBRY) for period August 1, 2025 to March 31, 2026

Consolidated Results (₹ in lakhs):

  • Revenue from operations: Not separately stated but total income was ₹18,554.01
  • Profit before tax: ₹4,383.54
  • Net profit: ₹3,300.68
  • EPS: ₹5.73 (Face value ₹2 per share)
  • Share of profit from joint venture: ₹227.31
  • Same exceptional item of ₹25.75 lakhs as standalone

Auditor Changes

The Board noted and accepted the resignation of M/s. Arora Gupta & Co. Chartered Accountants (FR No. 021313C) as Statutory Auditors of the Company and its subsidiaries effective August 6, 2026. The resignation was due to "inability to continue in the said capacity" because "the Company has witnessed significant growth in the scale and complexity of its operations" making it difficult to "deploy adequate audit resources commensurate with the expanded audit requirements."

The auditor confirmed:

  • No disagreements with management or Board
  • No fraud, material irregularity, or matters requiring shareholder/regulator attention
  • No concerns regarding financial statements, accounting policies, or internal controls

Based on Audit Committee recommendation, the Board approved appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) to fill the casual vacancy from August 7, 2026 until the ensuing AGM, and recommended their appointment for a five-year term from the 42nd AGM to 47th AGM, subject to shareholder approval.

Management Changes

  • Mr. Kabir Ghumman, Managing Director (DIN: 01294801), offered himself for reappointment in the forthcoming 42nd AGM under retire by rotation
  • Resignation of Mr. Rajeev Ranjan, Chief Financial Officer, effective close of business hours October 31, 2026

Other Appointments

  • Re-appointment of Mr. Ramawatar Sunar, Cost Accountant, as Cost Auditor for FY 2026-27 at remuneration to be ratified by shareholders
  • Appointment of M/s. Malik S. & Co., Chartered Accountants as Tax Auditors for FY 2026-27
  • Re-appointment of M/s Amit Saxena and Associates as scrutinizer for e-voting in forthcoming AGM

Corporate Actions

  • Alteration of Articles of Association, subject to shareholder approval
  • Approval of Cost Audit Report for FY ended March 31, 2026
  • Approval of Director's Report with annexures including Corporate Governance Report, Business Responsibility and Sustainability Report, Management Discussion and Analysis Report for FY 2025-26
  • Record date fixed for final dividend payment: Wednesday, August 26, 2026 (dividend amount not specified)

AGM Details

42nd Annual General Meeting scheduled for Wednesday, September 2, 2026 at 10:30 AM through video conferencing/audio visual means

Committee Reconstitution

The Board reconstituted the following committees:

  • Stakeholder Relationship and Share Transfer Committee & Corporate Social Responsibility Committee: Mr. Sudhir Mehra, Mr. Sumer Ghumman, Mr. Shrikant Baldi, Mrs. Sudhir Mehra, Mr. N. S. Ghumman
  • Nomination and Remuneration Committee: Mr. Sudhir Mehra (Chairman), Mr. N.P. Sahni, Mr. Shrikant Baldi
  • Risk Management Committee: Mr. N.S. Ghumman (Chairman), Mr. Kabir Ghumman, Mr. Shrikant Baldi

Financial Impact

The financial impact of the auditor change and management changes is not quantified in the disclosure. The dividend amount is not specified.