Detailed Summary

Board Meeting Outcomes

The Board of Directors meeting commenced at 3:30 PM and concluded at 4:40 PM on August 12, 2026. The Board:

1. Approved the Unaudited Standalone Financial Results for the first quarter ended June 30, 2026, as recommended by the Audit Committee.

2. Reappointed Mr. D A Rupawala, Proprietor of D. A. Rupawala & Associates, an Independent Practicing Chartered Accountant, as Internal Auditor for FY 2026-2027.

Financial Results Overview (Amount in ₹ Lakhs)

Income Statement for Q1 FY27 (Unaudited):

  • Revenue from Operations: ₹2,809.26
  • Other Income: ₹8.48
  • Total Income: ₹2,817.73

Expenses:

  • Cost of Materials Consumed: ₹2,374.92
  • Change in Inventories: (₹142.08) [credit]
  • Employee Benefits Expense: ₹47.26
  • Financial Costs: ₹86.26
  • Depreciation and Amortization: ₹28.32
  • Other Expenses: ₹335.21
  • Total Expenses: ₹2,729.88

Profitability:

  • Profit from Operations before Exceptional Items: ₹87.85
  • Exceptional Items: None
  • Profit before Tax: ₹87.85
  • Tax Expenses: ₹20.09
  • Current Tax: ₹20.30
  • Deferred Tax: (₹0.21) [credit]
  • Net Profit after Tax: ₹67.76

Other Comprehensive Income: ₹1.29

  • Total Comprehensive Income for the Period: ₹69.05

Earnings Per Share (EPS):

  • Basic and Diluted EPS (before and after extraordinary items): ₹1.54

Share Capital:

  • Paid-up Equity Share Capital (Face Value ₹10 per share): ₹440.70 lakhs

Comparative Financial Performance

Quarterly Comparison (Q1 FY27 vs Q1 FY26):

  • Revenue from Operations increased from ₹2,296.46 lakhs to ₹2,809.26 lakhs
  • Net Profit increased from ₹42.39 lakhs to ₹67.76 lakhs
  • EPS increased from ₹0.96 to ₹1.54

Sequential Comparison (Q1 FY27 vs Q4 FY26):

  • Revenue from Operations increased from ₹2,437.88 lakhs to ₹2,809.26 lakhs
  • Net Profit increased from ₹51.31 lakhs to ₹67.76 lakhs
  • EPS increased from ₹1.16 to ₹1.54

Notes to Financial Results

1. The Financial Results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

2. The statutory auditors, F P & Associates, have carried out a limited review of the financial results for the quarter ended June 30, 2026.

3. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and previously published unaudited year-to-date figures up to December 31, 2025.

4. The Company has only one segment of activity.

5. Figures of previous periods/year have been regrouped/reclassified where considered necessary.

Auditor's Review Report

F P & Associates, Chartered Accountants (Firm Regn. No. 143262W), issued a limited review report dated August 12, 2026. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410. The conclusion states: "Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results... has not disclosed the information required to be disclosed in terms of the Listing Regulations, or that it contains any material misstatement." The report was signed by Partner P. K. Vaid (Mem. No. 159236).