Key Financial Figures
Income Statement (₹ in lakhs):
- Q4 FY26 Revenue from Operations: ₹3,364.48
- FY26 Revenue from Operations: ₹58,529.20
- Q4 FY26 Net Loss: ₹1,605.56
- FY26 Net Loss: ₹3,727.19
- Q4 FY25 Net Loss: ₹770.55
- FY25 Net Loss: ₹2,053.78
Expense Breakdown (FY26):
- Cost of materials consumed: ₹47,713.70
- Purchases of Traded Goods: ₹14,908.50
- Employee Benefit Expenses: ₹417.77
- Finance Cost: ₹1,524.89
- Depreciation: ₹421.65
- Other expenses: ₹1,952.26
Ratios (FY26):
- Debt Equity Ratio: 83.47
- Current Ratio: 1.44
- Operating Margin: -21.47%
- Net Profit Margin: -63.72%
- Earnings per share (Basic): ₹(75.16)
- Earnings per share (Diluted): ₹(75.16)
Balance Sheet Position:
- Paid-up Equity Share Capital: ₹496.60 lakhs (Face Value ₹10 each)
- Net Worth: ₹(7,797.02) lakhs (negative)
Dates of Action
- Board Meeting Date: May 26, 2026
- Meeting Duration: 3:20 PM to 4:35 PM
- Financial Period: Quarter and Year ended March 31, 2026
- Record Date for Rights Issue: May 15, 2026
Parties Involved
- Auditors: M Sahu & Co., Chartered Accountants (Firm Registration No. 130001W)
- Regulators: BSE Limited, SEBI
Committee Reconstitution
Audit Committee:
- Chairman: Mr. Ashokkumar Shah (Independent Director)
- Members: Mr. Satishkumar Panchal, Mr. Rajesh Kapadia, Mr. Subir Kumar Chowdhury (all Independent Directors), Mr. Anoop Kumar Saxena (Managing Director)
Nomination and Remuneration Committee:
- Chairman: Mr. Satishkumar Panchal (Independent Director)
- Members: Mr. Ashokkumar Shah, Mr. Rajesh Kapadia, Mr. Subir Kumar Chowdhury (all Independent Directors)
Stakeholders Relationship Committee:
- Chairman: Mr. Ashokkumar Shah (Independent Director)
- Members: Mr. Satishkumar Panchal, Mr. Rajesh Kapadia, Mr. Subir Kumar Chowdhury (all Independent Directors)
Cash Flow Information (FY26, ₹ in lakhs)
- Net cash from operating activities: ₹(9,987.80)
- Net cash from investing activities: ₹(901.89)
- Net cash from financing activities: ₹12,038.82
- Net decrease in cash: ₹1,149.14
Notes to Financial Results
1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
2. Company issued Secured Non-Convertible Debentures aggregating ₹140 crore during the year, secured by mortgage over properties and personal guarantees
3. Gratuity liability as of March 31, 2026: ₹236.58 lakhs (₹118.52 lakhs paid, ₹118.06 lakhs outstanding)
4. Subsequent to reporting date (May 9, 2026), board approved Rights Issue of up to 13,30,060 equity shares at ₹112 per share (including premium of ₹102 per share) aggregating ₹1,489.66 lakhs
5. Ratio computation formulas provided for Debt Equity, Debt Service Coverage, Interest Service Coverage, Current, Long Term Debt to Working Capital, Current Liability, Total Debts to Total Assets, Debtors Turnover, Inventory Turnover, Operating Margin, and Net Profit Margin ratios
Financial Impact
Substantial losses reported for both Q4 FY26 (₹160.56 crore) and FY26 (₹372.72 crore) with negative net worth of ₹779.70 crore. The rights issue of ₹14.90 crore approved subsequent to year-end may improve capital position.