Key Event: Adjourned Board Meeting
The Board meeting was originally convened on August 14, 2026, but was adjourned to August 19, 2026, to allow management to obtain additional information and clarifications related to accounting and financial matters for finalizing the quarterly results. The reconvened meeting was held from 4:30 PM to 5:30 PM on August 19, 2026.
Financial Results Approval
The Board approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The Statutory Auditors, Giriraj Bang & Co. (FRN: 129434W), issued a Limited Review Report on these results. Their report, signed by Partner Vivek Bang (Membership No.:143938), stated that based on their review, nothing came to their attention to suggest the statement contained any material misstatement or failed to disclose information as required by Regulation 33.
Detailed Financial Performance (All figures in ₹ Lakhs)
Income Statement for Quarter Ended June 30, 2026:
- Revenue from Operations: ₹1,783.05
- Other Income: ₹88.57
- Total Income: ₹1,871.61
Expenses:
- Cost of Material Consumed: ₹41.79
- Purchase of Traded Goods: ₹1,461.93
- (Decrease) in Inventories of Stock-in-trade: (₹37.26)
- Employee Benefit Expenses: ₹56.15
- Finance Costs: ₹1.61
- Depreciation and Amortisation: ₹2.41
- Other Expenses: ₹204.48
- Total Expenses: ₹1,731.10
Profitability:
- Profit before Tax: ₹140.51
- Tax Expense: (₹0.59) [Deferred Taxes]
- Profit for the period: ₹139.92
- Total Comprehensive Income for the period: ₹139.77
Earnings Per Share (EPS):
- Basic and Diluted EPS: ₹2.24 (not annualized)
Comparative Figures:
- Previous Quarter (Q4 FY26, Audited): Profit of ₹309.04 Lakhs, EPS of ₹6.25
- Year Ended March 31, 2026 (Audited): Profit of ₹566.24 Lakhs, EPS of ₹11.45
- Year-Ago Quarter (Q1 FY26, Unaudited): Profit of ₹33.28 Lakhs, EPS of ₹0.77
Segment-Wise Performance (Quarter Ended June 30, 2026)
The company operates in three business segments:
1. Renting/Hire of Electric Vehicle (EV): Revenue ₹45.94 Lakhs; Segment Result (PBIT) ₹24.56 Lakhs
2. Food and Beverages (Including Edible Oil): Revenue ₹1,485.86 Lakhs; Segment Result (PBIT) (₹38.52 Lakhs) [Loss]
3. Hospitality business: Revenue ₹251.26 Lakhs; Segment Result (PBIT) ₹85.52 Lakhs
Capital Structure
- Paid-up Equity Share Capital: ₹623.33 Lakhs (Face value ₹10 per share)
- This represents an increase from ₹430.00 Lakhs as of June 30, 2025.
Notes to the Financial Results
1. The results were reviewed by the Audit Committee and approved by the Board on August 19, 2026.
2. The results are prepared in accordance with Indian Accounting Standards (Ind-AS).
3. The company has no subsidiaries, associates, or joint ventures, so consolidated results are not required.
4. Figures for the previous quarter ended March 31, 2026, are derived as the difference between the unaudited nine-month figures ended December 2025 and the audited annual figures for FY2026.
5. Previous period figures have been regrouped/rearranged for comparability.