Board Meeting Details

The Board Meeting commenced at 01:51 PM and concluded at 03:55 PM on 25th May 2026.

Key Decisions Approved

1. Approved and adopted the Audited Annual Financial Statements of the Company for the Financial Year 2025-2026 and Financial Statement for the quarter ended 31st March 2026 along with Independent Auditor's Report.

2. Recommended Final Dividend of ₹35 (350%) per equity share of ₹10 each from the Distributable Profit for the Financial Year ended 31st March 2026, subject to approval of shareholders in ensuing Annual General Meeting.

3. Approved the Board's Report and its Annexures, Report on Corporate Governance, Management Discussion and Analysis, Code of Conduct Declaration for FY 2025-2026.

4. Accepted and noted the Secretarial Audit Report for FY ended 31st March 2026 from S.R. Khandelwal & Associates, Company Secretaries.

5. Approved the Notice convening 60th Annual General Meeting scheduled to be held on 29th July 2026.

6. Approved re-appointment of S.M. Daga & Co., Chartered Accountants as Internal Auditors and fixed their remuneration for FY 2026-2027.

7. Recommended re-appointment of Shri Bharat Taparia (DIN: 00139722) as Non-Executive Director.

8. Recommended re-appointment of Shri Rahul Maheswari (DIN: 01578935) as Non-Executive Director.

Financial Results Highlights (FY 2025-2026)

Income Statement (₹ in Lakhs):

  • Revenue From Operations: ₹1,02,341.00 (FY25: ₹91,288.78)
  • Other Income: ₹13,809.60 (FY25: ₹12,033.90)
  • Total Income: ₹1,03,721.90 (FY25: ₹92,492.17)
  • Total Expenses: ₹83,503.50 (FY25: ₹76,004.58)
  • Profit Before Tax: ₹20,221.61 (FY25: ₹16,487.59)
  • Tax Expense: ₹5,068.55 (FY25: ₹4,235.66)
  • Profit for the Year: ₹15,153.06 (FY25: ₹12,251.93)
  • Basic & Diluted EPS: ₹99.83 (FY25: ₹80.72)

Balance Sheet Position (as at 31st March 2026, ₹ in Lakhs):

  • Total Assets: ₹52,068.08
  • Equity Share Capital: ₹1,517.88
  • Other Equity: ₹42,033.96
  • Total Equity: ₹43,551.84
  • Total Current Liabilities: ₹8,516.24

Cash Flow Statement (FY 2025-2026, ₹ in Lakhs):

  • Net Cash from Operating Activities: ₹13,734.21
  • Net Cash used in Investing Activities: ₹(4,913.84)
  • Net Cash used in Financing Activities: ₹(8,794.43)
  • Net increase in cash: ₹25.98
  • Cash and cash equivalents at year end: ₹607.14

Auditor's Opinion

Batliboi & Purohit, Chartered Accountants (Firm Registration No. 101048W) issued an unmodified opinion on the Standalone and Consolidated Annual Financial Results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

Additional Notes

  • The company operates in one business segment: "Handtools"
  • Figures for quarter ended March 31, 2026 are balancing figures between audited full year and unaudited published year-to-date figures up to third quarter
  • The company has accounted for incremental impact of new Labour Codes on retiral benefits under employee cost for year ended March 31, 2026