Key Financial Figures - Standalone (₹ in lakhs)

Quarterly Performance (Q4 FY26):

  • Revenue from Operations: ₹5,082
  • Other Income: ₹5
  • Total Income: ₹5,087
  • Total Expenses: ₹4,718
  • Profit before exceptional items and tax: ₹369
  • Exceptional Items: ₹226 (Foreign Exchange Gain: ₹175, Profit on Sale of Fixed Assets: ₹51)
  • Profit before tax: ₹595
  • Tax expense (Deferred tax): (₹107)
  • Net Profit for the period: ₹488
  • Other Comprehensive Income: ₹1
  • Total Comprehensive Income: ₹489
  • EPS (Basic & Diluted): ₹1.48

Annual Performance (FY26):

  • Revenue from Operations: ₹8,088
  • Other Income: ₹663
  • Total Income: ₹8,751
  • Total Expenses: ₹8,273
  • Profit before exceptional items and tax: ₹478
  • Exceptional Items: ₹611 (Foreign Exchange Gain: ₹337, Profit on Sale of Fixed Assets: ₹274)
  • Profit before tax: ₹1,089
  • Tax expense (Deferred tax): (₹107)
  • Net Profit for the year: ₹982
  • Other Comprehensive Income: ₹1
  • Total Comprehensive Income: ₹983
  • EPS (Basic & Diluted): ₹2.98

Comparative Figures (FY25):

  • Revenue from Operations: ₹949
  • Net Profit for the year: ₹6,927
  • EPS (Basic & Diluted): ₹20.98

Assets and Liabilities Position (Standalone as at March 31, 2026)

  • Total Assets: ₹22,881 lakhs (Previous year: ₹16,172 lakhs)
  • Non-current assets: ₹5,280 lakhs (Property, plant and equipment: ₹62 lakhs, Investments: ₹200 lakhs, Loan: ₹3,354 lakhs, Deferred tax assets: ₹923 lakhs, Income tax assets: ₹666 lakhs)
  • Current assets: ₹17,601 lakhs (Trade receivables: ₹9,188 lakhs, Cash and cash equivalents: ₹58 lakhs, Other current assets: ₹8,287 lakhs)
  • Total Equity: ₹16,767 lakhs (Equity share capital: ₹3,323 lakhs, Other equity: ₹13,444 lakhs)
  • Total Liabilities: ₹6,114 lakhs
  • Paid-up equity share capital: ₹3,303 lakhs
  • Face value per share: ₹10

Cash Flow Statement (Standalone FY26)

  • Net Cash from Operating Activities: (₹10,293) lakhs
  • Net Cash from Investing Activities: ₹10,444 lakhs
  • Net Cash from Financing Activities: (₹275) lakhs
  • Net decrease in cash and cash equivalents: (₹114) lakhs
  • Cash and cash equivalents at end of period: ₹58 lakhs

Significant Business Changes

Change in Business Segment:

The company was primarily engaged in trading of cotton and cotton yarn (Textile business) until September 2025 quarter. From the quarter ended December 2025, the company is engaged solely in highway construction as its only reportable primary business segment as per Ind AS 108.

Change in Promoters and Management Control:

Pursuant to a Share Purchase Agreement dated July 9, 2025, the existing promoters sold their entire shareholding to new promoters (Roadway Solutions India Infra Limited, Mr. Ameet Harjinder Gadhoke, and Mrs. Teja Ranade Gadhoke).

The previous management resigned, and the new Board appointed:

  • Mr. Ameet Harjinder Gadhoke as Additional Director and Managing Director
  • Mrs. Teja Ranade Gadhoke as Additional Director and Non-Executive Chairperson
  • Mr. Narsingh Narain Giri as Additional Director and Non-Executive Independent Director
  • Mrs. Sunita Gangadhar Jamkhande as Additional Director and Non-Executive Independent Director
  • Mrs. Archana Oheeraj Sonaikar as Additional Director and Non-Executive Independent Director

Regulatory and Compliance Matters

Labour Codes Implementation:

The Government of India notified four Labour Codes on November 21, 2025. Based on management's assessment, this has not resulted in any material financial impact on the company's defined benefit obligations as at the reporting date.

Tax Status:

No income tax liability arises for FY26 in view of carried forward losses and unabsorbed depreciation.

Audit Opinion:

Pipara & Co LLP, Chartered Accountants (FRN: 107929W/W100219), issued unmodified opinions on both standalone and consolidated financial results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

Associate Company Information

  • Soma Textiles FZC (UAE) - 40% associate company
  • Loan given to associate: ₹3,354.40 lakhs (Previous year: ₹3,780.93 lakhs)
  • The associate reported accumulated losses of AED 1,035,090 (equivalent to ₹267.29 lakhs)
  • The investment has been fully impaired, resulting in no impact on consolidated financial results