Board Meeting Details

The Board of Directors meeting was held on Saturday, 30th May, 2026 at the corporate office at 501-B, 5th Floor Dempo Trade Centre Panjim Goa 403001. The meeting commenced at 06:30 PM and concluded at 07:20 PM.

Key Board Approvals

1. Approved the Audited Financial Results (Standalone) for the Quarter and Year ended March 31, 2026 pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015

2. Approved and took on record the Auditor's Report on the Audited Financial Results (Standalone) for the Quarter and Year ended March 31, 2026, issued by Statutory Auditors M/s. SSRV & Associates, Chartered Accountants, Mumbai

3. Considered and approved Related Party Transactions occurred during the Half Year ended 31st March 2026

4. Considered the declaration in respect of unmodified opinion(s) expressed by the Auditors

5. Approved the appointment of CA Heneel Shah as Internal Auditor of the company effective 1st April, 2026 to 31st March 2027

Financial Performance Highlights (Standalone)

Quarter Ended March 31, 2026 (Audited):

  • Total Income: ₹125.33 lakhs
  • Total Expenses: ₹483.52 lakhs
  • Profit before tax: ₹(358.19) lakhs loss
  • Net Profit after tax: ₹358.34 lakhs loss
  • Basic EPS: (₹2.30)
  • Diluted EPS: (₹2.30)

Year Ended March 31, 2026 (Audited):

  • Total Income: ₹797.92 lakhs (compared to ₹1,009.81 lakhs in FY25)
  • Total Expenses: ₹1,357.16 lakhs (compared to ₹1,269.92 lakhs in FY25)
  • Profit before tax: ₹(559.25) lakhs loss (compared to ₹(260.11) lakhs loss in FY25)
  • Net Profit after tax: ₹(559.65) lakhs loss (compared to ₹(260.90) lakhs loss in FY25)
  • Paid up equity share capital: ₹1,557.89 lakhs (increased from ₹947.89 lakhs in FY25)
  • Basic EPS: (₹3.59) (compared to (₹2.75) in FY25)
  • Diluted EPS: (₹3.59) (compared to (₹2.75) in FY25)

Income Breakdown (FY26 vs FY25)

  • Other Operating Income: ₹229.59 lakhs (₹386.96 lakhs in FY25)
  • Other Non-Operating Income: ₹29.34 lakhs (₹1.94 lakhs in FY25)
  • Net Sales/Income from operations: ₹538.99 lakhs (₹620.90 lakhs in FY25)

Expense Breakdown (FY26 vs FY25)

  • Purchase of Traded Goods: ₹372.03 lakhs (₹978.55 lakhs in FY25)
  • Changes in inventories: ₹(11.15) lakhs (₹(250.19) lakhs in FY25)
  • Employee benefits expense: ₹156.68 lakhs (₹163.54 lakhs in FY25)
  • Depreciation and amortization: ₹5.68 lakhs (₹6.42 lakhs in FY25)
  • Other expenses: ₹558.63 lakhs (₹295.14 lakhs in FY25)
  • Finance Cost: ₹275.30 lakhs (₹76.47 lakhs in FY25)

Cash Flow Statement (FY26)

  • Net cash from operating activities: ₹195.35 lakhs
  • Net cash used in investing activities: ₹(632.79) lakhs
  • Net cash from financing activities: ₹396.56 lakhs
  • Net decrease in cash and cash equivalents: ₹(40.87) lakhs
  • Closing cash balance: ₹13.37 lakhs (₹54.24 lakhs opening)

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹12,521.08 lakhs
  • Non-current assets: ₹8,801.31 lakhs (including Capital Work-in-process: ₹8,751.50 lakhs)
  • Current assets: ₹3,719.77 lakhs
  • Shareholders' funds: ₹8,098.75 lakhs
  • Current liabilities: ₹4,421.32 lakhs

Internal Auditor Appointment

CA Heneel Shah appointed as Internal Auditor for FY2026-27 with extensive experience in statutory, tax, internal, and concurrent audits across various sectors including listed entities and banking institutions.