Key Quantitative Figures (Amounts in ₹ Lakhs, except per share data)

Financial Performance (FY 2025-26 vs. FY 2024-25):

  • Revenue from Operations: 5,117.56 (Previous Year: 5,250.71)
  • Profit Before Depreciation and Tax: 264.82 (Previous Year: 216.11)
  • Depreciation: 119.69 (Previous Year: 125.48)
  • Profit Before Tax: 145.13 (Previous Year: 90.63)
  • Current Tax: 30.84 (Previous Year: 14.78)
  • Deferred Tax: 9.45 (Previous Year: 9.95)
  • Adjustment of Previous Year Tax: 2.27 (Previous Year: -3.93)
  • Profit After Tax (PAT): 102.56 (Previous Year: 69.83)
  • Earnings Per Share (EPS): ₹0.86 (Previous Year: ₹0.58)
  • Foreign Exchange Earned: 1,366.09 (Previous Year: 1,003.45)
  • Foreign Exchange Outgo: 8.55 (Previous Year: Not explicitly stated in summary)
  • Median Employee Remuneration: ₹2,05,399 p.a.

Financial Position (as at 31st March, 2026 vs. 31st March, 2025):

  • Paid-up Equity Share Capital: 1,212.20 (Unchanged)
  • Other Equity (Retained Earnings): 494.64 (Previous Year: 390.89)
  • Total Equity: 1,706.84 (Previous Year: 1,603.09)
  • Non-Current Borrowings: 206.52 (Previous Year: 248.08)
  • Current Borrowings: 637.70 (Previous Year: 581.51)
  • Total Borrowings: 844.23 (Previous Year: 829.59)
  • Inventory: 386.64 (Previous Year: 189.73)
  • Trade Receivables: 439.42 (Previous Year: 455.48)
  • Cash and Cash Equivalents: 55.69 (Previous Year: 202.00)

Capital Structure:

  • Authorised Share Capital: ₹1,301.00 Lakhs (13,010,000 equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹1,212.20 Lakhs (12,122,000 equity shares of ₹10 each)
  • 100% of shares are held in dematerialized form.

Dates of Action

  • Financial Year Ended: 31st March, 2026
  • Date of Board approval of Financial Statements: 14th May, 2026 (inferred from signatures)
  • Date of Auditors' Report: 14th May, 2026
  • Date of Secretarial Audit Report: 14th May, 2026
  • Date of filing with BSE: 1st September, 2026
  • 14th Annual General Meeting (AGM) Date: 30th September, 2026
  • Book Closure Date for AGM: 23rd September, 2026 to 30th September, 2026 (both days inclusive)
  • Remote E-voting Period: 27th September, 2026 (9:00 AM IST) to 29th September, 2026 (5:00 PM IST)

Parties Involved

Company Management:

  • Managing Director: Mr. Ankit Anil Somani (DIN: 05211800)
  • Director & CFO: Mr. Akshay Anil Somani (DIN: 05244214)
  • Independent Directors: Ms. Radhika A. Chandak (DIN: 07904592), Mr. Kush P. Kalaria (DIN: 08086553), Dr. Urva P. Patel (DIN: 08193058)
  • Director: Ms. Krutika Singhvi (DIN: 10597952)
  • Company Secretary: CS Dhara M. Sanghavi

Auditors and Advisors:

  • Statutory Auditors: M/s. Jain P. C. & Associates, Chartered Accountants (Firm Reg. No.: 126313W)
  • Secretarial Auditors: M/s. Manoj Hurkat & Associates, Practicing Company Secretaries (Firm Reg. No.: P2011GJ025800)
  • Banker: Yes Bank Ltd., Ahmedabad
  • Registrar and Share Transfer Agent (RTA): MUFG Intime India Pvt. Ltd., Ahmedabad
  • E-voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer for E-voting: Mr. Manoj Hurkat, Practicing Company Secretary

Purpose / Rationale

The document is the annual statutory filing containing the comprehensive Annual Report for the financial year 2025-2026, prepared for submission to the stock exchange and shareholders.

Financial and Operational Impact (As Disclosed)

  • The marginal decrease in revenue is noted, but profitability improved due to decreased expenses.
  • No dividend was recommended for the year to conserve resources.
  • No amount was transferred to General Reserve.
  • The company has no subsidiary, joint venture, or associate company.
  • No material changes or commitments affecting the financial position occurred between the year-end and the report date.
  • The financial statements were not revised during the year.

Capital Structure Impact

  • No change in share capital during the year. No shares were issued (with differential rights, sweat equity, or ESOP).

Cash Flow Implications (As Disclosed)

  • Net cash from operating activities: ₹161.88 Lakhs
  • Net cash used in investing activities: ₹(245.86) Lakhs (primarily purchase of Property, Plant & Equipment)
  • Net cash used in financing activities: ₹(62.33) Lakhs (primarily finance cost and net repayment of borrowings)
  • Net decrease in cash and cash equivalents: ₹(146.31) Lakhs

Related Party Transactions

  • Significant transactions with related parties (entities significantly influenced by KMP):
  • Sales to Shubham Tax-O-Pack Pvt. Ltd.: ₹620.83 Lakhs (PY: ₹1,142.47 Lakhs)
  • Purchases from Shubham Tax-O-Pack Pvt. Ltd.: ₹429.81 Lakhs (PY: ₹608.13 Lakhs)
  • Total remuneration paid to Key Managerial Personnel: ₹31.50 Lakhs (PY: ₹38.25 Lakhs).
  • Transactions are stated to be in the ordinary course of business and at arm's length.

Corporate Governance and Compliance

  • The Board met 5 times during the year. Attendance of all directors was 100%.
  • The company has constituted Audit, Nomination & Remuneration, and Stakeholders Relationship committees.
  • Secretarial Audit Report confirms compliance with applicable laws. A minor penalty of ₹7,080 was paid to BSE in FY24 for a 3-day delay in submitting the previous Annual Report.