Board Meeting Details
The Board of Directors meeting was held on Saturday, 14th November 2026, commencing at 12:00 P.M. and concluding at 03:30 P.M.
Key Decisions Approved
1. Unaudited Financial Results: The Board considered and approved the un-audited Financial Results of the Company for the Quarter Ended and Half Year Ended 30th September 2026.
2. Sitting Fees for Independent Directors: The Board approved payment of sitting fees of Rs. 5,000/- (Rupees Five Thousand Only) per meeting to each Independent Director for attending meetings, subject to applicable provisions of the Companies Act, 2013.
Financial Results Overview
Quarter Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹2,671.69 lakh
- Total income: ₹2,671.69 lakh
- Total expenses: ₹2,624.45 lakh
- Profit before tax: ₹47.24 lakh
- Tax expense: ₹12.03 lakh (Current Tax: ₹11.88 lakh, Deferred Tax: ₹0.15 lakh)
- Profit after tax: ₹35.21 lakh
- Basic and Diluted EPS: ₹0.79
Half Year Ended September 30, 2026 (Unaudited):
- Revenue from operations: ₹3,949.59 lakh
- Total income: ₹3,949.60 lakh
- Total expenses: ₹3,869.07 lakh
- Profit before tax: ₹80.53 lakh
- Tax expense: ₹20.41 lakh
- Profit after tax: ₹60.12 lakh
- Basic and Diluted EPS: ₹1.34
Balance Sheet Position as at September 30, 2026 (Unaudited)
- Total Assets: ₹5,094.92 lakh
- Current Assets: ₹5,091.85 lakh (including Trade Receivables: ₹4,985.08 lakh, Cash and cash equivalents: ₹102.40 lakh)
- Non-current Assets: ₹3.07 lakh
- Total Equity and Liabilities: ₹5,094.92 lakh
- Equity: ₹586.94 lakh (Share capital: ₹447.82 lakh, Other equity: ₹139.12 lakh)
- Current Liabilities: ₹4,507.98 lakh (including Borrowings: ₹72.98 lakh, Trade payables to others: ₹4,298.42 lakh, Current Tax Liabilities: ₹121.34 lakh)
Cash Flow Statement for Half Year Ended September 30, 2026
- Net Cash Generated from Operating Activities: ₹1,526.92 lakh
- Net Cash Flow from Investing Activities: ₹0
- Net Cash Used in Financing Activities: ₹(1,531.63) lakh (primarily repayment of unsecured loans)
- Net Decrease in Cash and Cash Equivalents: ₹(4.71) lakh
- Cash and Cash Equivalent at period end: ₹102.40 lakh (Cash in Hand: ₹102.08 lakh, Bank Current Account: ₹0.32 lakh)
Auditor's Review Report
Dhadda & Associates, Chartered Accountants (Firm Registration No: 013807S) issued a limited review report with an unmodified conclusion. The report contains two Emphasis of Matter paragraphs:
1. Income Tax Demand: The Company has not made any provision for demand raised by the Income Tax Department as the matter is pending before appellate forums. The Company has recognized interest liability on outstanding GST dues. The consequential financial impact cannot presently be ascertained.
2. MSME Classification: The Company has not appropriately identified and classified its trade payables into MSME and other creditors. Further, the Company has not computed or provided for penal interest on delayed payments to MSME suppliers as prescribed under the MSMED Act, 2006. The financial impact, including consequential tax disallowances, cannot presently be ascertained.
Additional Notes
- The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS)
- The company operates in a single segment: trading in bullion, jewellery, precious stones and allied minerals
- Income tax of ₹109.46 lakh for FY 2025-26 and current tax provision for H1 FY27 had not been paid as at September 30, 2026
- Previous period figures have been regrouped/reclassified where necessary