Financial Results Approval

The Board of Directors approved the Audited Financial Results prepared as per Indian Accounting Standards (IND AS) for:

  • Quarter ended 31st March 2026
  • Financial Year ended 31st March 2026
  • Including Cash Flow Statement
  • Statement of Assets and Liabilities as at 31st March 2026

The results were recommended by the Audit Committee and approved by the Board. An extract will be published in newspapers as required by Listing Regulations.

Financial Performance Highlights

Year Ended 31st March 2026 (Audited):

  • Total Income: ₹12,513.14 lakhs (compared to ₹8,346.14 lakhs in FY25)
  • Total Expenses: ₹11,113.79 lakhs (compared to ₹7,417.55 lakhs in FY25)
  • Profit Before Tax: ₹1,399.35 lakhs (compared to ₹928.59 lakhs in FY25)
  • Tax Expense: ₹312.09 lakhs (including current tax, deferred tax of ₹-9.12 lakhs, and taxes for earlier year ₹-1.22 lakhs)
  • Profit for the Year: ₹1,097.60 lakhs (₹10.98 crore) (compared to ₹1,166.01 lakhs in FY25)
  • Other Comprehensive Income: ₹-3.20 lakhs
  • Total Comprehensive Income: ₹1,094.40 lakhs
  • Basic and Diluted EPS: ₹0.49 (compared to ₹0.53 in FY25)
  • Paid-up Equity Share Capital: ₹2,220.64 lakhs (face value ₹1 per share)
  • Other Equity: ₹20,556.42 lakhs

Quarter Ended 31st March 2026 (Audited):

  • Total Income: ₹4,562.65 lakhs
  • Total Expenses: ₹4,566.18 lakhs
  • Loss Before Tax: ₹3.53 lakhs
  • Tax Expense: ₹103.71 lakhs (including current tax, deferred tax of ₹-62.52 lakhs, and taxes for earlier year ₹-1.22 lakhs)
  • Loss for the Quarter: ₹43.50 lakhs
  • Other Comprehensive Income: ₹-2.11 lakhs
  • Total Comprehensive Loss: ₹45.61 lakhs
  • Basic and Diluted EPS: ₹-0.02

Assets and Liabilities Position (as at 31st March 2026)

Total Assets: ₹23,259.22 lakhs

  • Non-Current Assets: ₹15,649.22 lakhs (including Property, Plant & Equipment ₹409.96 lakhs, Right of Use Assets ₹136.54 lakhs, Investment Property ₹1,036.38 lakhs, Investments ₹9,577.07 lakhs, Other Non-Current Assets ₹4,489.15 lakhs)
  • Current Assets: ₹7,610.00 lakhs (including Investments ₹6,242.21 lakhs, Cash & Cash Equivalents ₹896.78 lakhs, Loans & Advances ₹12.14 lakhs, Other Financial Assets ₹174.65 lakhs, Other Current Assets ₹284.22 lakhs)

Total Equity and Liabilities: ₹23,259.22 lakhs

  • Total Equity: ₹22,777.06 lakhs
  • Total Liabilities: ₹482.16 lakhs (Non-Current ₹290.75 lakhs, Current ₹191.41 lakhs)

Cash Flow Statement (Year Ended 31st March 2026)

  • Net Cash from Operating Activities: ₹1,763.91 lakhs
  • Net Cash from Investing Activities: ₹-927.46 lakhs
  • Net Cash from Financing Activities: ₹-40.40 lakhs
  • Net Increase in Cash: ₹796.05 lakhs
  • Cash at Beginning: ₹100.73 lakhs
  • Cash at End: ₹896.78 lakhs

Management Changes

1. Re-appointment of Executive Director: The Board approved re-appointment of Mr. Suhail P. Shah (DIN: 00719002) as Wholetime Director designated as Executive Director for 5 years effective 1st September 2026, subject to shareholder approval.

  • Mr. Shah holds postgraduate and doctorate degrees in Physical Chemistry from University of Chicago
  • Has over 10 years of research experience with international universities
  • Related to Mr. Alok P. Shah (Managing Director) as brother
  • Not debarred from holding director office by SEBI or any authority

2. Appointment of Company Secretary: The Board appointed Ms. Ankita Prasiddha Shroff (ICSI Membership No. 36425) as Company Secretary and Compliance Officer with immediate effect (26th May 2026).

  • She will also serve as Key Managerial Personnel and part of Senior Management
  • Has over 9 years of experience in Governance, Compliance and secretarial functions

Internal Auditor Re-appointment

The Board re-appointed M/s K. S. Jagirdar & Co., Chartered Accountants as Internal Auditor for FY 2026-27 under Section 138 of Companies Act, 2013.

  • Mr. K S Jagirdar has over 30 years of experience as practicing CA
  • Expertise in Internal Audit, taxation, GST and corporate finance
  • Firm size and quality commensurate with company's audit requirements

Policy Adoption

The Board adopted the policy on effective communication between Statutory Auditors and Those Charged with Governance (TCWG) in terms of NFRA Circular dated 7th January 2026.

Audit Opinion

Statutory Auditors M/s Sharp & Tannan Associates issued unmodified audit opinion on the financial results through their report dated 26th May 2026. The declaration under Regulation 33(3)(d) confirms the unmodified opinion.

Key Accounting Notes

1. Single business segment: "trading in commodities and other commodity related activities"

2. New Labour Codes implemented from 21st November 2025 - incremental impact not material pending rule promulgation

3. Reclassification of certain land and buildings from PPE to Investment Property (₹1,036.38 lakhs)

4. Impairment loss of ₹30.54 lakhs recognized on building reclassification

5. No exceptional items reported

6. Figures for quarters are balancing figures between audited full year and limited reviewed YTD figures

Meeting Details

The Board meeting commenced at 12:00 PM IST and concluded at 2:10 PM IST on 26th May 2026.

The company will inform about the AGM date for FY ended 31st March 2026 in due course.