Key Quantitative Figures (Q1 FY27 ended June 30, 2026)

The company reported unaudited financial results for the quarter:

  • Total Income: ₹57.50 crore (comprising Revenue from Operations of ₹49.35 crore and Other Income of ₹8.15 crore).
  • Total Expenses: ₹46.26 crore.
  • Profit Before Tax: ₹11.24 crore.
  • Total Tax Expense: ₹1.57 crore (Current Tax: ₹0.94 crore; Deferred Tax: ₹0.63 crore).
  • Net Profit for the Period: ₹9.67 crore.
  • Earnings Per Share (Basic): ₹1.44.
  • Paid-up Equity Share Capital: ₹22.21 crore (Face Value ₹1 per share).

Dates of Action

  • Board Meeting: August 12, 2026 (commenced 12:30 PM IST, concluded 2:10 PM IST).
  • Effective Date of Director Re-appointment: August 11, 2027.
  • 80th AGM Date: September 22, 2026.
  • AGM Cut-off Date: August 21, 2026.
  • Annual Report Dispatch: On or before August 27, 2026.
  • SEBI Settlement Application Filed: August 11, 2026.

Parties Involved

  • Independent Director Re-appointed: Mr. Deepak N. Shah (DIN: 07356807).
  • Director Retiring by Rotation: Mr. Alok P. Shah (DIN: 00218180).
  • Scrutinizer for AGM: Mr. Jigar Vyas (FCS No. 8019, CP No.14468) of M/s Jigar Vyas & Associates.
  • Statutory Auditors: Sharp & Tannan Associates (Firm's Reg. No.: 109983W).
  • Compliance Officer: Ankita Prasiddha Shroff, Company Secretary.

Purpose and Rationale

The Board meeting was held to approve the quarterly financial results and transact business related to corporate governance, including the re-appointment of an independent director and planning for the upcoming Annual General Meeting.

Financial and Operational Impact

  • The Q1 financial performance shows a significant improvement from the previous quarter (Q4 FY26 net loss of ₹0.44 crore) and the year-ago quarter (Q1 FY26 net profit of ₹8.64 crore).
  • An impairment loss of ₹30.54 lakhs was recognized in the previous year (FY26) for a building reclassified as Investment Property.
  • A contingent liability is disclosed regarding a SEBI settlement application for non-compliance with Regulation 23 related to transactions with Managing Director Mr. Alok P. Shah. The financial impact is uncertain.

Capital Structure Impact

No change in share capital was reported for the quarter. The paid-up equity share capital remained constant at ₹22.21 crore.

Forward-Looking Statements

  • The re-appointment of Mr. Deepak N. Shah is subject to shareholder approval at the AGM.
  • The outcome of the SEBI settlement proceedings is uncertain and cannot be determined.

Auditor Review

The unaudited financial results were subject to a limited review by the statutory auditors, Sharp & Tannan Associates, who issued an unmodified conclusion, stating nothing has come to their attention to believe the statement contains any material misstatement.