Key Quantitative Figures

Standalone Financial Results (FY26):

  • Total Income: ₹222.42 lakhs
  • Total Expenses: ₹190.96 lakhs
  • Profit before tax and exceptional items: ₹31.46 lakhs
  • Exceptional items: ₹41.10 lakhs (reversal of impairment)
  • Profit before tax: ₹72.56 lakhs
  • Tax expense: ₹(0.08) lakhs
  • Profit for the year after tax: ₹72.64 lakhs
  • Paid-up equity share capital: ₹726.32 lakhs (face value ₹10 each)
  • Basic EPS: ₹1.33
  • Cash and cash equivalents: ₹585.23 lakhs

Consolidated Financial Results (FY26):

  • Total Income: ₹1,851.08 lakhs
  • Total Expenses: ₹2,141.57 lakhs
  • Loss before tax: ₹290.49 lakhs
  • Loss for the year after tax: ₹294.72 lakhs
  • Paid-up equity share capital: ₹726.32 lakhs
  • Basic EPS: ₹(5.38)
  • Cash and cash equivalents: ₹647.68 lakhs

Dates of Action

  • Board Meeting: May 30, 2026 (11:30 AM to 6:00 PM)
  • Financial Year End: March 31, 2026
  • Annual General Meeting: September 28, 2026
  • Register of Members closure: September 22-28, 2026
  • Internal Auditor appointment: May 30, 2026 (for FY2026-27)
  • Preferential allotment date: March 28, 2026

Parties Involved

  • Internal Auditor: M/s. Christie & Co., Chartered Accountants (FRN: 0101939W, Proprietor: CA. Vikas Pancholi)
  • Statutory Auditors: M/s. Y B Desai & Associates, Chartered Accountants (FRN: 102368W)
  • Subsidiaries: Dryfruit Factory LLP, Aranya Consulting and Biotech LLP, Biospan Scientific LLP, Biospan Contamination Control Solutions Pvt Ltd
  • Managing Director: Mr. Viral Desai (DIN: 00029219)

Financial and Operational Impact

Dividend Decision:

No dividend recommended for FY26 to conserve resources for future business plans.

Subsidiary Status:

  • Aranya Consulting and Biotech LLP: Accumulated losses of ₹1,512 lakhs till March 31, 2025; gain of ₹18 lakhs in FY26. Board approved revival plan.
  • Biospan Scientific LLP: Accumulated losses of ₹157 lakhs as of March 31, 2019; ₹183 lakhs impairment provided in FY2018-19. Management exploring revival.
  • Biospan Contamination Control Solution Pvt. Ltd: Accumulated losses of ₹720 lakhs till March 31, 2026; liabilities exceed assets by ₹710 lakhs. Management confident of turnaround.

Preferential Issue:

  • Amount raised: ₹579.36 lakhs (allotted March 28, 2026)
  • Objects: Procurement of Raw Cashew Nut Inventory (₹500 lakhs), Restart and Ramp-up Costs (₹50 lakhs), Selective Refurbishment (₹29.36 lakhs)
  • No utilization of proceeds as of March 31, 2026; no deviation from stated objects

Large Corporate Status:

Company declared it is not identified as "Large Corporate" as on March 31, 2026.

  • Outstanding qualified borrowings: ₹1.92 crores (both start and end of FY26)
  • Incremental borrowing during year: Nil
  • Borrowings via debt securities: Not Applicable

Default Status:

No defaults on loans/debt securities as of March 31, 2026.

Total financial indebtedness: ₹1.92 crores (unsecured loans from directors)

Auditor Opinions

Both standalone and consolidated financial results received unmodified audit opinions from M/s. Y B Desai & Associates.

The results for quarter ended March 31, 2026 are balancing figures between audited full year figures and published unaudited year-to-date figures for nine months ended December 31, 2025.