1. Financial Results Approval

The Board approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30th June 2026, along with the Limited Review Report.

Standalone Financial Results (₹ in Lakhs):
  • Revenue from Operations: 915.02 (Q1 FY27) vs 909.31 (Q1 FY26) vs 593.86 (Q4 FY26)
  • Total Income: 920.74 (Q1 FY27) vs 924.48 (Q1 FY26) vs 613.61 (Q4 FY26)
  • Total Expenses: 767.95 (Q1 FY27) vs 605.52 (Q1 FY26) vs 561.40 (Q4 FY26)
  • Profit Before Tax: 152.79 (Q1 FY27) vs 318.96 (Q1 FY26) vs 52.21 (Q4 FY26)
  • Net Profit for the period: 112.42 (Q1 FY27) vs 204.19 (Q1 FY26) vs 35.78 (Q4 FY26)
  • Total Comprehensive Income: 112.39 (Q1 FY27) vs 203.95 (Q1 FY26) vs 35.36 (Q4 FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.16 (Q1 FY27) vs ₹0.30 (Q1 FY26) vs ₹0.05 (Q4 FY26)
  • Paid-up Equity Share Capital: ₹689.44 Lakhs (Face Value Re. 1/-)

The Statutory Auditors, CKS P AND CO LLP, issued an unmodified review report on the standalone results.

Consolidated Financial Results (₹ in Lakhs):

The results include the financials of an associate company, Max Udaan Foundation.

  • Revenue from Operations: 915.02 (Q1 FY27) vs 593.86 (Q4 FY26)
  • Total Income: 920.74 (Q1 FY27) vs 613.61 (Q4 FY26)
  • Total Expenses: 767.95 (Q1 FY27) vs 561.40 (Q4 FY26)
  • Share of Profit of Associates: 0.71 (Q1 FY27) vs 1.18 (Q4 FY26)
  • Profit Before Tax: 153.50 (Q1 FY27) vs 53.39 (Q4 FY26)
  • Net Profit for the period: 113.13 (Q1 FY27) vs 36.96 (Q4 FY26)
  • Total Comprehensive Income: 113.10 (Q1 FY27) vs 36.54 (Q4 FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.16 (Q1 FY27) vs ₹0.05 (Q4 FY26)
  • Paid-up Equity Share Capital: ₹689.44 Lakhs (Face Value Re. 1/-)

The review report for the consolidated results includes an 'Other Matter' paragraph noting that the results of the associate company were not reviewed but are not considered material. An unmodified conclusion was issued.

2. Appointment of Internal Auditor

The Board appointed M/s. Ashish Swar & Associates as the Internal Auditor of the Company for the financial year 2026-2027. The firm's profile includes services in Audit & Assurance, Tax & Litigation Support, and Indirect Tax (GST Advisory & Compliance).

3. Re-appointment of Chairman & Managing Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Jagmeet Singh Sabharwal (DIN: 00270607) as the Chairman and Managing Director of the Company for a further period of 3 years, effective from 18th August 2026 to 17th August 2029. This re-appointment is subject to approval by shareholders at the ensuing Annual General Meeting. Mr. Sabharwal is not debarred from holding the office of director pursuant to any SEBI order.

Additional Disclosures from Financial Statements:

  • Segment Reporting: The company operates in Manufacturing and Job work & Reconditioning segments. For Q1 FY27, segment revenue was ₹385.19 Lakhs (Manufacturing) and ₹529.83 Lakhs (Job work). Segment result (Profit before tax and interest) was ₹210.63 Lakhs for the unallocated segment.
  • Share Split: The company sub-divided each equity share (face value ₹5) into 5 shares (face value ₹1) effective 22nd January 2026, increasing the number of shares from 1,37,90,000 to 6,89,50,000. All EPS figures for comparative periods have been restated.
  • Contingent Liability: The company is involved in a legal dispute with Panvel Municipal Corporation (PMC) over a property tax demand of ₹75.84 Lakhs pertaining to earlier years. 50% of the amount was paid in FY 2024-25, and the balance 50% remains unpaid as of 31/03/2026, pending the outcome of court proceedings filed by the Taloja Manufacturing Association.
  • Labour Codes: The company notes the introduction of four new Labour Codes by the Government of India effective 21st November 2025 and will account for any adjustments as and when required after final rules are notified.