Financial Results Approval
The Board of Directors approved the Audited Financial Results (Standalone) for the half-year ended and year ended March 31, 2026, pursuant to Regulations 30 and 33 of SEBI Listing Regulations.
Financial Performance Highlights (Year Ended March 31, 2026)
- Revenue from Operations: ₹85.90 crore
- Total Income: ₹85.90 crore (including Other Income of ₹0.04 lakh)
- Total Expenses: ₹81.03 crore
- Purchases of Stock-in-Trade: ₹77.81 crore
- Employee Benefits Expenses: ₹0.55 crore
- Depreciation & Amortization: ₹0.33 lakh
- Other Expenses: ₹1.49 crore
- Profit Before Tax: ₹4.81 crore
- Tax Expense: ₹0.45 crore
- Current Tax: ₹0.35 crore
- Deferred Tax: ₹0.10 lakh
- Net Profit for the Period: ₹4.36 crore
- Paid-up Equity Share Capital: ₹13.32 crore (increased from ₹5.23 crore in FY25)
- Reserves excluding Revaluation Reserves: ₹20.06 crore (compared to ₹7.51 crore in FY25)
- Earnings Per Share: Basic and Diluted ₹3.27
Half-Year Performance (October 1, 2025 to March 31, 2026)
- Revenue from Operations: ₹50.35 crore
- Net Profit for the Period: ₹2.14 crore
- Earnings Per Share: Basic and Diluted ₹1.60
Balance Sheet Position (as at March 31, 2026)
- Total Assets: ₹34.24 crore
- Shareholders' Funds: ₹33.39 crore
- Share Capital: ₹13.32 crore
- Reserves and Surplus: ₹20.06 crore
- Non-Current Liabilities: ₹0.15 crore
- Current Liabilities: ₹7.07 crore
- Current Assets: ₹33.93 crore
- Inventories: ₹6.35 crore
- Trade Receivables: ₹18.19 crore
- Cash and Cash Equivalents: ₹8.44 crore
- Short-Term Loans and Advances: ₹0.95 crore
- Other Current Assets: ₹0.00
Auditor's Emphasis of Matter
The auditors highlighted that management did not furnish balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain Trade Receivable and Trade Payable balances outstanding as at March 31, 2026. The impact of any required adjustments on the financial results is not ascertainable.
IPO Proceeds Utilization Certificate
Pursuant to NSE Circular NSE/CML/2024/23, the statutory auditors certified utilization of IPO proceeds of ₹12.28 crore as follows:
- Total Net Proceeds Raised: ₹12.28 crore
- Amount Utilized as of March 31, 2026: ₹4.63 crore
- Unutilized Amount as of March 31, 2026: ₹7.65 crore (parked in bank account)
Breakdown of Utilization:
- Expansion of Retail Network by Launching New Outlets: ₹3.58 crore utilized (100% of allocated ₹3.58 crore)
- Brokerage Charges: ₹0.19 crore utilized (100% of allocated ₹0.19 crore)
- Security Deposits: ₹0.37 crore utilized (100% of allocated ₹0.37 crore)
- Working Capital Requirements: ₹2.36 crore utilized (37% of allocated ₹6.39 crore)
- General Corporate Purpose: ₹0.05 crore utilized (4% of allocated ₹1.20 crore)
- Issue Related Expenses: ₹0.55 crore utilized (100% of allocated ₹0.55 crore)
The Board has approved utilization of balance IPO proceeds beyond the originally envisaged timeline of March 31, 2026.
Appointments Approved
1. Internal Auditor: Appointment of D D Shah & Co. (FRN: 145713W) as Internal Auditor for FY 2026-27.
2. Secretarial Auditor: Appointment of M/s Monika Chechani & Associates (COP No. 10883) as Secretarial Auditor for FY 2025-26.
3. Company Secretary & Compliance Officer: Appointment of Ms. ARPITA JAIN (ICSI Membership No. A53577) as Company Secretary and Compliance Officer (Key Managerial Personnel) effective May 26, 2026, under Section 203 of Companies Act, 2013 and SEBI Regulations.
Trading Window Closure
The Trading Window for securities of the Company was closed from April 1, 2026, and will remain closed until 48 hours after the announcement of financial results for all Designated Persons.
Meeting Details
The Board meeting commenced at 03:00 PM and concluded at 04:30 PM on May 26, 2026.