Key Financial Figures (₹ in Lakhs)

Full Year FY26 (Audited):

  • Revenue from Operations: ₹16,131.12 (vs. ₹12,145.34 in FY25, +32.8% YoY)
  • Total Income: ₹16,463.31 (vs. ₹12,459.93 in FY25)
  • Total Expenses: ₹16,567.93 (vs. ₹12,630.09 in FY25)
  • Loss before tax: ₹(104.62) (vs. ₹(170.16) in FY25)
  • Total Tax Expense: ₹548.26 (vs. ₹446.69 in FY25)
  • Net Loss: ₹(652.88) (vs. ₹(616.85) in FY25)
  • Total Comprehensive Loss: ₹(657.19) (vs. ₹(621.46) in FY25)
  • Basic & Diluted EPS: ₹(3.73) (vs. ₹(3.52) in FY25)

Q4 FY26 (Audited):

  • Revenue from Operations: ₹4,726.23 (vs. ₹3,842.91 in Q4 FY25, +23.0% YoY)
  • Loss before tax: ₹(587.73) (vs. profit of ₹75.51 in Q4 FY25)
  • Net Loss: ₹(976.32) (vs. ₹(440.74) in Q4 FY25)
  • Basic & Diluted EPS: ₹(5.57) (vs. ₹(2.52) in Q4 FY25)

Segment Performance (FY26 Audited)

Revenue Breakdown:

  • Cement: ₹13,637.80 (84.5% of total)
  • Petrol and Diesel: ₹1,105.31 (6.9% of total)
  • Solar Energy: ₹1,388.02 (8.6% of total)

Segment Results:

  • Cement: ₹805.37 profit
  • Petrol and Diesel: ₹24.83 profit
  • Solar Energy: ₹144.80 profit

Capital Structure

  • Paid-up equity share capital: ₹1,751.28 lakh (Face Value ₹10 per share)
  • Reserves excluding Revaluation Reserve: ₹7,217.47 lakh

Key Operational Highlights

  • Annual sales increased by over 325% YoY
  • Dispatches increased by 38% YoY
  • Cash profits increased by 73% YoY
  • EBITDA increased by 38% YoY

Audit Qualification

Statutory Auditors M/s. Singhi & Co., Chartered Accountants issued a qualified opinion regarding:

  • Advance payment of GST amounting to ₹641.52 lakh plus interest and penalties of ₹218.11 lakh (total ₹859.63 lakh) made in FY2021-22
  • Payment relates to GST liability for financial years 2018-19 and 2019-20
  • Investigation by DGGI not complete as of March 31, 2026
  • Amount included in other current assets
  • Auditors unable to comment on financial impact due to pending investigation

Management Response to Qualification

  • Management paid ₹859.63 lakh under protest to cooperate with GST department
  • No adverse order received as of March 31, 2026
  • Refund petition filed in High Court, which is pending
  • Impact ascertainable only upon receipt of final order from authorities

Cash Flow Statement (FY26 Audited)

  • Net cash inflow from operating activities: ₹3,670.69 lakh
  • Net cash outflow from investing activities: ₹(1,777.73) lakh
  • Net cash outflow from financing activities: ₹(1,885.06) lakh
  • Net increase in cash and cash equivalents: ₹7.89 lakh
  • Cash and cash equivalents at year-end: ₹29.22 lakh

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹42,322.12 lakh
  • Total Equity: ₹8,968.74 lakh
  • Total Liabilities: ₹33,353.38 lakh
  • Non-current liabilities: ₹23,759.98 lakh
  • Current liabilities: ₹9,593.40 lakh

Dates and Approvals

  • Board meeting date: May 29, 2026
  • Financial year end: March 31, 2026
  • Results approved by board and audit committee on May 29, 2026
  • Auditor's report date: May 29, 2026

Parties Involved

  • Statutory Auditors: Singhi & Co., Chartered Accountants (Firm Registration No. 302049E)
  • Regulatory Authority: BSE Limited
  • Investigating Authority: DGGI (Directorate General of GST Intelligence)

Financial Impact Assessment

  • GST matter financial impact not quantifiable until investigation conclusion
  • Current treatment: ₹859.63 lakh shown as other current assets
  • Potential liability or refund outcome dependent on final order