Board Meeting Outcomes

The Board meeting commenced at 4:45 PM and concluded at 5:40 PM on 14th July, 2026, at the company's registered office in Mumbai. The Board transacted and approved the following business:

1. Approval of Financial Results: Approved the unaudited financial results for the quarter ended 30th June, 2026, pursuant to Regulation 33 of SEBI LODR Regulations. The results were reviewed by the Audit Committee and approved by the Board.

2. Appointment of Directors:

  • Approved the appointment of Mr. Kaushik Jagannath Joshi (DIN: 00410595) as an Additional Executive Director with effect from 14th July, 2026.
  • Approved the appointment of Ms. Radhika Kaushik Joshi (DIN: 08206100) as an Additional Executive Director with effect from 14th July, 2026.
  • Approved the appointment of Mr. Jignesh Shailesh Tank (DIN: 11819899) as an Additional Non-Executive, Non-Independent Director with effect from 14th July, 2026.

All appointments were made pursuant to Section 161 of the Companies Act, 2013 and the company's Articles of Association. Required disclosures under Regulation 30 of SEBI LODR Regulations were enclosed as Annexure I, II, and III.

Financial Results for Quarter Ended 30th June 2026 (₹ in Lakhs)

Revenue:

  • Revenue from Operations: ₹84.99 lakh (Unaudited)
  • Other Income: ₹23.41 lakh
  • Total Revenue: ₹108.40 lakh

Expenses:

  • Purchase of stock-in-trade: ₹82.50 lakh
  • Changes in inventories: ₹0.95 lakh
  • Employee benefits expense: ₹4.63 lakh
  • Depreciation and amortization: ₹0.09 lakh
  • Finance Cost: ₹3.22 lakh
  • Other expenses: ₹10.88 lakh
  • Total Expenses: ₹102.25 lakh

Profit/(Loss):

  • Profit/(Loss) before exceptional items and tax: ₹6.15 lakh
  • Exceptional Items: None
  • Profit/(Loss) before tax: ₹6.15 lakh
  • Tax Expenses: None
  • Net Profit/(Loss) for the period: ₹6.15 lakh (Loss)
  • Total Comprehensive Income: ₹6.15 lakh

Earnings Per Share (Face Value ₹2 each):

  • Basic EPS: (₹0.009)
  • Diluted EPS: (₹0.009)

Comparative Financial Data (₹ in Lakhs)

Quarter Ended 31-Mar-26 (Audited):

  • Revenue from Operations: ₹126.61
  • Total Revenue: ₹149.60
  • Net Profit: ₹8.31
  • Basic EPS: ₹0.012

Quarter Ended 30-Jun-25 (Unaudited):

  • Revenue from Operations: ₹41.91
  • Total Revenue: ₹59.60
  • Net Profit: ₹7.60
  • Basic EPS: ₹0.011

Year Ended 31-Mar-26 (Audited):

  • Revenue from Operations: ₹275.53
  • Total Revenue: ₹353.46
  • Net Loss: ₹(5.36)
  • Basic EPS: (₹0.008)

Auditor's Review Report

Bilimoria Mehta & Co., Chartered Accountants (Firm Reg. No. 101490W), issued an independent limited review report on the quarterly unaudited standalone financial results. The review was conducted pursuant to Standard on Review Engagement (SRE) 2410 issued by ICAI.

Key Auditor Findings:

  • The financial results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013
  • The review does not constitute an audit opinion
  • Based on their review, nothing came to their attention that causes them to believe that the statement contains any material misstatement
  • The limited review report does not contain any qualifications

Signed by Prakash R. Mehta (Partner, Membership No. 030382) on 14th July, 2026 in Mumbai.

Additional Information

  • The financial results have been prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015
  • Previous period figures have been reclassified/regrouped wherever required to conform with current period presentation
  • The company's CIN is L51909MH2002PLC136975