Board Meeting Details
The Board meeting commenced at 12:00 p.m. and concluded at 14:10 p.m. on August 10, 2026.
Key Decisions Approved
1. Unaudited Financial Results: The Board considered and approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report issued by the statutory auditor.
2. Delegation of Authority: The Board delegated authority for incorporation of Wholly Owned Subsidiaries/Subsidiary Companies to Mr. N Arvind Varchaswi (Managing Director) and Mr. Tejagna K Katpitia (Executive Director).
3. Solar Project Proposal: Approved the company's proposal to undertake a 1.782 MW (1,782 kWp) grid-connected rooftop Solar PV Project under the RESCO/OPEX model. The company has entered into a Term Sheet and Commercial Framework with a client as the Power User/Client. The Term Sheet sets out the broad framework for development, installation, operation and maintenance of the proposed rooftop solar project.
Solar Project Details
- Nature of Project: Grid-connected rooftop Solar PV Project
- Project Capacity: 1.782 MW (1,782 kWp)
- Business Model: RESCO/OPEX model
- Scope: Development, installation, operation and maintenance of the solar power generation facility, including relevant project coordination and approvals
- Status: Subject to completion of site inspection, feasibility and financial evaluation, engineering activities and other applicable conditions, followed by execution of the definitive Power Purchase Agreement (PPA)
- Strategic Rationale: The company views this as an opportunity to diversify and expand its business activities into the renewable energy sector
Financial Results - Standalone (₹ in Lakhs)
Income Statement:
- Revenue from Operations: ₹2,323.96 (Q1 FY27) vs ₹1,353.89 (Q1 FY26)
- Less: GST: ₹181.83
- Net Sales/Income from Operations: ₹2,142.13
- Other Income: ₹18.36
- Total Income: ₹2,160.49
Expenses:
- Cost of Materials Consumed: ₹229.75
- Purchases of Stock-in-trade: ₹1,488.39
- Changes in Inventories: ₹40.32
- Employee Benefits Expense: ₹122.78
- Finance Costs: ₹27.82
- Depreciation and Amortisation: ₹9.75
- Other Expenses: ₹141.95
- Total Expenses: ₹2,060.77
Profitability:
- Profit from Operations: ₹99.72
- Profit before Tax: ₹99.72
- Current Tax: ₹25.93
- Net Profit after Tax: ₹73.79
- Total Comprehensive Income: ₹73.79
Per Share Data:
- Paid up Equity Share Capital (Face value ₹10): ₹643.69
- Basic EPS: ₹1.15
- Diluted EPS: ₹1.15
Financial Results - Consolidated (₹ in Lakhs)
Income Statement:
- Revenue from Operations: ₹2,316.15 (Q1 FY27) vs ₹1,353.89 (Q1 FY26)
- Less: GST: ₹181.46
- Net Sales/Income from Operations: ₹2,134.69
- Other Income: ₹18.36
- Total Income: ₹2,153.05
Expenses:
- Cost of Materials Consumed: ₹229.75
- Purchases of Stock-in-trade: ₹1,488.39
- Changes in Inventories: ₹40.32
- Employee Benefits Expense: ₹122.78
- Finance Costs: ₹27.82
- Depreciation and Amortisation: ₹9.75
- Other Expenses: ₹141.95
- Total Expenses: ₹2,060.77
Profitability:
- Profit from Operations: ₹92.28
- Profit before Tax: ₹92.28
- Current Tax: ₹23.99
- Deferred Tax: ₹0.00
- Net Profit after Tax: ₹68.29
- Total Comprehensive Income: ₹68.29
Per Share Data:
- Paid up Equity Share Capital (Face value ₹10): ₹643.69
- Basic EPS: ₹1.06
- Diluted EPS: ₹1.06
Segment-wise Performance (Standalone)
The company operates in two segments:
Ayurveda Segment:
- Revenue: ₹1,496.54 (Q1 FY27) vs ₹1,129.19 (Q1 FY26)
- Segment Results: ₹82.21
Energy Segment:
- Revenue: ₹827.43 (Q1 FY27) vs ₹224.71 (Q1 FY26)
- Segment Results: ₹55.08
Auditor Review
Srinaga & Giridharan Chartered Accountants conducted a limited review of both standalone and consolidated financial results and issued an unmodified review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.