Key Financial Figures (₹ in thousands)

| Particulars | 2025-26 | 2024-25 | Change |

| Revenue from Operations | 13,13,089.51 | 4,93,568.44 | +166.1% |

| Other Income | 975.75 | 1,350.08 | -27.7% |

| Total Income | 13,14,065.26 | 4,94,918.52 | +165.5% |

| Total Expenses | 10,64,661.69 | 4,16,831.28 | +155.4% |

| Profit Before Tax | 2,49,403.58 | 77,586.02 | +221.5% |

| Current Tax | 62,738.63 | 19,528.40 | +221.2% |

| Deferred Tax | 39,455.49 | (7,300.70) | N/A |

| Net Profit | 1,49,360.06 | 65,358.32 | +128.5% |

Capital Structure Changes During FY 2025-26

  • Authorized Share Capital: Increased from ₹1.60 crore to ₹2.00 crore (2,00,000 equity shares of ₹100 each) on December 26, 2024
  • Preferential Allotment: 10,000 equity shares of ₹100 each at ₹2,400 per share (including premium of ₹2,300)
  • Loan Conversion: 6,230 equity shares of ₹100 each issued against loan conversion from directors
  • Sub-division: Equity shares sub-divided from ₹100 to ₹10 face value on May 23, 2025
  • Preferential Issue: 1,40,000 equity shares of ₹10 each at ₹595 per share (including premium of ₹585)
  • Authorized Capital Increase: Further increased from ₹2.00 crore to ₹20.00 crore (2,00,00,000 equity shares of ₹10 each)
  • Bonus Issue: 1,10,40,000 equity shares of ₹10 each issued as bonus shares in 6:1 ratio on August 11, 2025

Post-Year End IPO Details

  • IPO Size: 46,20,000 equity shares of face value ₹10 each
  • Issue Price: ₹132 per share (including premium of ₹122)
  • Subscription Period: August 14-18, 2026
  • Allotment Date: August 19, 2026
  • Listing Date: August 21, 2026 on BSE
  • Funds Raised: ₹6098.4 lakhs

AGM Details

Date: Monday, 28th September, 2026 at 3:00 PM

Mode: Video Conferencing/Other Audio-Visual Means

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Appointment of Mrs. Apeksha Sharma (DIN: 09061582) who retires by rotation

Special Business:

3. Appointment of KPJS & Associates as Secretarial Auditor for 5 years (FY 2026-27 to 2030-31)

4. Approval for Related Party Transactions up to aggregate limit of ₹100 crores for FY 2026-27

Board Composition

| Name | Designation | DIN |

| Arun Kumar | Chairman & Managing Director | 00146452 |

| Vandana Sharma | Chief Financial Officer | AOUPS6872E |

| Amrisha Arun Kumar Sharma | Executive Director & CEO | 09061581 |

| Apeksha Sharma | Non-Executive Director | 09061582 |

| Vijoy Kumar | Independent Director | 01910122 |

| Indu Shekhar Jha | Independent Director | 00015615 |

| Prashant Prakash Lathi | Company Secretary & Compliance Officer | N/A |

Business Overview

The company is an engineering-led manufacturer of plasma cutting machines, welding equipment and customized automation systems for metal fabrication industries. It serves automotive, construction, shipbuilding, heavy engineering and general manufacturing sectors through four verticals:

1. Machines without Automation: Standalone plasma cutting and welding machines

2. Machines with Automation: CNC and automated cutting and welding systems

3. Customization and Retrofit: Tailored configurations and upgrades

4. Services: Installation, maintenance, training, and spares support

Debt Structure (as of March 31, 2026)

  • Secured Borrowings: ₹115,002.97 thousand
  • Unsecured Borrowings: ₹34,377.23 thousand

Key Ratios

| Ratio | 2025-26 | 2024-25 | Change |

| Current Ratio | 2.80 | 2.14 | +0.66 |

| Debt-Equity Ratio | 0.38 | 0.95 | -0.57 |

| Return on Equity | 38.29% | 60.35% | -22.06% |

| Inventory Turnover | 4.70 | 4.46 | +0.24 |

| Trade Receivables Turnover | 7.31 | 5.42 | +1.89 |

| Net Profit Margin | 11.37% | 13.24% | -1.87% |

| Return on Capital Employed | 55.74% | 44.91% | +10.83% |

Related Party Transactions (FY 2025-26)

  • Remuneration to directors: ₹6,037.46 thousand
  • Loans from directors: ₹7,017.35 thousand outstanding
  • Service charges paid to Sudhir Kumar Sharma (director's relative): ₹616.17 thousand

Corporate Social Responsibility

  • CSR Obligation: ₹578,668 (2% of average net profit)
  • Amount spent: ₹580,000 donated to PM CARE FUND
  • No CSR Committee formed as obligation below ₹50 lakh threshold

Auditors

Statutory Auditor: M/s. Piyush Kothari & Associates reappointed for 5 years until AGM 2029-30

Secretarial Auditor: Not applicable as company doesn't fall under mandatory requirement

Contingent Liabilities

  • Bank Guarantees: ₹2,994 thousand
  • Income Tax demands under dispute: ₹4,015 thousand
  • Maharashtra VAT/CST demands under dispute: ₹55,165 thousand

Foreign Exchange

  • Earnings: ₹2,884 thousand (FY 2025-26) vs ₹2,838 thousand (FY 2024-25)
  • Outgo: ₹282 thousand (FY 2025-26) vs ₹1,215 thousand (FY 2024-25)

Dividend

No dividend recommended for FY 2025-26, with entire profit retained in reserves.