Document Title: Outcome of Board Meeting and Audited Financial Results for FY26
Summary of Key Information:
Reporting Period: Quarter and Year ended 31 March 2026
Nature of Filing / Announcement: Outcome of Board Meeting and Audited Financial Results
Date of Board Meeting / Approval: 29 May 2026 (started at 04:00 p.m., concluded at 05:15 p.m.)
Audit Opinion: Unmodified opinion issued by M/s. D V Bakrania & Associates, Chartered Accountants
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [Amounts in Rupees Lakhs]:
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
The company has identified its business segment as "Manufacturing & Sale of Hardiopical R" [segment name appears truncated in source]
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes mentioned
No capital raising activities mentioned
Regulatory Disclosures:
- Approved reappointment of Mrs. Deepa Jayeshbhai Shah as director liable to retire by rotation (subject to shareholder approval)
- Approved appointment of Mrs. Tanishka Anilbhai Dhamejani as Non-Executive Independent Director (subject to shareholder approval)
- Approved reappointment of Mr. Suresh Somnath Dave as Non-Executive Independent Director for second term (subject to shareholder approval)
- Approved appointment of M/s. Dipesh Bhoot & Co. as Internal Auditor for FY 2026-27
- Approved related party transactions subject to shareholder approval
- Received certificate of compliance with Code of Conduct from Mr. Jayesh Chhabildas Shah, Managing Director
- Received certificate of non-disqualification of directors from M/s. R. V. Gandhi & Co., Secretarial Auditor
- Received Corporate Governance Compliance Certificate from M/s. R. V. Gandhi & Co.
- Received certificate from Mr. Amitbhai Jamnadas Vaghajiyani, CFO as per Regulation 17(8)
- All director appointments confirmed to not be debarred by SEBI or any authority
Other Significant Information:
- 25th Annual General Meeting scheduled for Thursday, 25 June 2026 at 04:30 p.m. through Video Conference/Audio-Visual means
- Ms. Dhara Patel appointed as Scrutinizer for the AGM
- Cutoff date for shareholder eligibility: 18 June 2026
- Register of Members and Share Transfer Books closed from 19 June 2026 to 25 June 2026 (both days inclusive)
- No investor complaints received during the quarter from January 1, 2026 to March 31, 2026
- No pending complaints at the start of the quarter
Financial Position (as per Balance Sheet excerpts):
Total Assets: 11,486.30 lakhs (31 March 2026) vs 9,593.08 lakhs (31 March 2025)
Total Equity: 7,147.74 lakhs (31 March 2026) vs 6,299.52 lakhs (31 March 2025)
Cash and Cash Equivalents: 22.58 lakhs (31 March 2026) vs 37.83 lakhs (31 March 2025)
Borrowings: 260.00 lakhs (Non-current) + 1,762.65 lakhs (Short-term) = 2,022.65 lakhs total borrowings
Cash Flow Statement:
Net Cash Flow from Operating Activities: 539.77 lakhs
Net Cash Flow from Investing Activities: -1,729.84 lakhs
Net Cash Flow from Financing Activities: -75.13 lakhs
Net decrease in Cash and Cash Equivalents: (14.96) lakhs