Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results
Audit Opinion:
Unmodified opinion issued by Statutory Auditors (Mittal & Associates)
Key Financial Highlights [₹ lakhs]:
Standalone Results:
Revenue from Operations: ₹1214.46 lakhs (vs ₹1106.79 lakhs in Q1 FY26, +9.7% YoY)
Total Income: ₹1216.67 lakhs
Other Income: ₹2.07 lakhs
Net Profit: ₹185.66 lakhs (vs ₹103.69 lakhs in Q1 FY26, +79% YoY)
EPS: ₹1.60 (Basic and Diluted)
Other Equity: ₹3830.98 lakhs
Financial Performance Comparison:
| Particulars | Q1 FY27 | Q4 FY26 | Q1 FY26 | FY26 |
| Revenue from Operations | 1214.46 | 1099.94 | 1106.79 | 4306.78 |
| Total Income | 1216.67 | 1112.95 | 1107.45 | 4341.23 |
| Net Profit | 185.66 | 152.00 | 103.69 | 538.96 |
| EPS | 1.60 | 1.33 | 1.15 | 5.34 |
Expense Breakdown:
Cost of materials consumed: ₹758.53 lakhs
Changes in inventories: ₹167.63 lakhs
Employee benefits expense: ₹21.87 lakhs
Finance costs: ₹0.92 lakhs
Depreciation and amortization: ₹0.87 lakhs
Other expenses: ₹44.05 lakhs
Total expenses: ₹993.57 lakhs
Tax Expense:
Current tax: ₹62.30 lakhs
Deferred tax: ₹0.28 lakhs
Total tax expense: ₹62.58 lakhs
Other Comprehensive Income:
Items that will not be reclassified to profit or loss: ₹1.87 lakhs
Income tax relating to these items: ₹(0.47) lakhs
Capital Structure:
Paid-up Equity Share Capital: ₹1160.86 lakhs (Face value ₹10 each)
Net Worth: ₹6991.83 lakhs
Segment-wise Performance:
The company operates in a single business segment of manufacture of industrial gases. No segment-wise disclosure required under Ind AS 108.
Corporate Actions:
- Annual General Meeting scheduled for Monday, 21st September, 2026 at 04:00 PM
- Book closure period: 15th September, 2026 to 21st September, 2026 (both days inclusive)
- Regularization of Ms. Swati Ghosh (DIN: 08789050) from Additional Independent Director to Woman Independent Director to be placed before shareholders
Other Significant Information:
IPO Proceeds Utilization:
- Total net IPO proceeds received: ₹1447.49 lakhs (net of IPO expenses of ₹1598.00 lakhs)
- Utilized amount as of June 30, 2026: ₹1016.78 lakhs
- Unutilized proceeds temporarily invested in fixed deposits with banks
Revised Utilization Plan:
The allocation of IPO proceeds was revised pursuant to a Special Resolution passed on May 30, 2026. The Company proposed to utilize proceeds for acquisition of approximately 2 acres of land at Khalapur, Maharashtra, instead of originally proposed warehouse construction, resulting in a differential cost of ₹20.13 crore.
Original vs Revised Utilization:
| Object of the Issue | Amount to be financed (₹ lakhs) | Used amount (₹ lakhs) |
| Working capital requirements | 2574.66 | 0 |
| Semiconductor & Specialty Gas facility (Khalapur) | 2661.77 | 0 |
| Refrigerant facility (Mambattty, Andhra Pradesh) | 1016.78 | 1016.78 |
| General Corporate Purposes | 0 | 0 |
| Issue Related Expenses | 1598.00 | 1598.00 |
Notes:
1. Financial results prepared in accordance with Indian Accounting Standards
2. Results reviewed by Audit Committee and approved by Board on August 12, 2026
3. Single business segment of industrial gases manufacturing
4. Previous period figures regrouped for comparability