The financial results were reviewed and recommended by the Audit Committee and approved by the Board. The statutory auditors, SIGMAC & CO (Firm Reg No. 116351W), issued a limited review report stating that nothing came to their attention suggesting material misstatement in the financial results prepared in accordance with Indian Accounting Standard 34 and other accounting principles generally accepted in India.
Financial Results Highlights (Rs. in Lakhs, except EPS)
Quarter Ended June 30, 2026 (Unaudited):
- Revenue from Operations: ₹6.28
- Other Income: ₹434.84
- Total Income: ₹441.12
- Total Expenses: ₹224.01
- Employee Benefits expenses: ₹93.77
- Finance Costs: ₹6.65
- Depreciation & Amortisation Exp.: ₹40.56
- Other Expenses: ₹83.04
- Profit before exceptional items and tax: ₹217.11
- Exceptional Items: ₹0.00
- Profit before tax: ₹217.11
- Total Tax expense: ₹50.97
- Current tax: ₹47.01
- Deferred tax: ₹3.96
- Net Profit for the period: ₹166.14
- Other comprehensive income: ₹33.49
- Total comprehensive income for the period: ₹199.63
- Paid-up Equity Capital (Face Value ₹10/- per share): ₹196.00
- Earning per share of ₹10/- each:
- Basic: ₹8.48* (not annualized)
- Diluted: ₹8.48* (not annualized)
Comparative Figures:
- Quarter Ended June 30, 2025: Net Loss of ₹26.87 lakhs
- Year Ended March 31, 2026: Net Profit of ₹2,549.27 lakhs (including exceptional gain)
Notes to Financial Results
1. The unaudited results were prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, and have been subjected to limited review by the Statutory Auditors.
2. During the quarter ended June 30, 2026, the Company is engaged solely in lending activity and all activities revolved around this business. There is no other reportable segment as defined by Indian Accounting Standard 108 on "Operating Segment".
3. The Company disposed of its entire 54.9% shareholding in its subsidiary Rashtriya Metal Industries Limited (RMIL) for a consideration of ₹3,101.68 lakhs. The transaction was effective from March 12, 2026, and consequently RMIL ceased to be a subsidiary. The excess consideration received over cost of investment (₹3,071.46 lakhs) was disclosed as "Exceptional Item" in the financial results for the quarter and year ended March 31, 2026.
4. Figures for previous periods have been regrouped, wherever necessary, to facilitate comparison with current period figures.
The disclosure was signed by Vishwas Vasant Patkar, CFO, and Balkrishna Binani, Managing Director (DIN: 00175080).