Financial Results Summary

Annual Performance (Year Ended March 31, 2026)

  • Total Revenue: ₹884.42 crore (₹83,609.69 lakhs from operations + ₹483.17 lakhs other income)
  • Total Expenses: ₹872.13 crore
  • Profit Before Tax: ₹12.29 crore
  • Net Profit: ₹9.19 crore
  • Earnings Per Share (Basic and Diluted): ₹7.09 (annualized)
  • Paid-up Equity Share Capital: ₹14.22 crore (face value ₹10 per share)

Half-Yearly Performance (Half Year Ended March 31, 2026)

  • Total Revenue: ₹495.55 crore
  • Profit Before Tax: ₹7.25 crore
  • Net Profit: ₹5.41 crore
  • Earnings Per Share (Basic and Diluted): ₹3.80 (non-annualized)

Balance Sheet Position (as at March 31, 2026)

Equity and Liabilities

  • Share Capital: ₹14.22 crore (increased from ₹10.45 crore in previous year)
  • Reserves and Surplus: ₹34.17 crore (increased from ₹3.87 crore)
  • Long-Term Liabilities: ₹51.75 crore (increased from ₹30.66 crore)
  • Short-Term Borrowings: ₹6.33 crore (decreased from ₹23.36 crore)
  • Trade Payables: ₹49.15 crore (including ₹18.79 crore to Micro and Small Enterprises)
  • Total Liabilities: ₹165.52 crore

Assets

  • Property, Plant and Equipment: ₹4.60 crore (Tangible: ₹4.60 crore, Intangible: ₹0.03 crore)
  • Inventories: ₹106.85 crore
  • Trade Receivables: ₹6.55 crore
  • Cash and Cash Equivalents: ₹3.54 crore
  • Short-term Loans and Advances: ₹38.76 crore
  • Total Assets: ₹165.52 crore

Cash Flow Statement (Year Ended March 31, 2026)

  • Net Cash from Operating Activities: ₹2.98 crore
  • Net Cash from Investing Activities: ₹15.71 crore
  • Net Cash from Financing Activities: (₹18.37) crore
  • Net Increase in Cash: ₹0.32 crore
  • Cash at Beginning: ₹3.22 crore
  • Cash at End: ₹3.54 crore

IPO Proceeds Utilization

The company issued 37,70,000 Equity Shares of face value ₹10 each through Public Issue at ₹66 per share (including securities premium of ₹56 per share). Total proceeds: ₹24.88 crore utilized as follows:

  • Working Capital Requirements: ₹21.31 crore
  • Issue Expenses: ₹3.57 crore

Related Party Transactions (Half Year September 2026 to March 2026)

The company disclosed 14 related party transactions totaling ₹1.19 crore:

  • Director Salaries: ₹36.00 lakhs (Kishorbhai Premjibhai Jadwani, Girishkumar Premjibhai Jadvani, Vijesh Premjibhai Patel)
  • CFO Salary: ₹4.80 lakhs (Piyush Jentibhai Dedakiya)
  • CS Salary: ₹1.50 lakhs (Vinay Bhojraj Karkera)
  • Director Rent Payments: ₹12.24 lakhs
  • Purchases from Relatives: ₹86.42 lakhs
  • Relative Salaries: ₹3.16 lakhs

Board Meeting Details

  • Date: May 25, 2026
  • Time: 02:30 p.m. to 03:30 p.m. IST
  • Location: Registered Office of the Company