Financial Performance Highlights

  • Revenue from operations: ₹8,794.09 lakh (FY25: ₹8,664.19 lakh)
  • Other Income: ₹44.64 lakh (FY25: ₹24.47 lakh)
  • Total revenues: ₹8,838.73 lakh (FY25: ₹8,688.66 lakh)
  • Cost of Material consumed: ₹4,880.33 lakh (FY25: ₹5,211.47 lakh)
  • Employee Benefit expense: ₹1,459.25 lakh (FY25: ₹1,503.25 lakh)
  • Finance Costs: ₹477.67 lakh (FY25: ₹479.01 lakh)
  • Depreciation and amortization expense: ₹633.36 lakh (FY25: ₹587.45 lakh)
  • Profit before tax: Loss of ₹78.91 lakh (FY25: Loss of ₹271.46 lakh)
  • Tax expense: ₹8.04 lakh (FY25: ₹12.25 lakh)
  • Profit for the year: Loss of ₹70.87 lakh (FY25: Loss of ₹259.21 lakh)

Key Corporate Information

  • Bankers: State Bank of India, Kotak Mahindra Bank, HDFC Bank Limited
  • Statutory Auditors: M/S. Anil Parekh & Co., Rajkot
  • Secretarial Auditor: M/S. K. P. Ghelani & Associates, Rajkot
  • Cost Auditor: M/S. M.C. Bambhroliya & Associates, Rajkot
  • Registrar & Share Transfer Agent: KFin Technologies Limited

Annual General Meeting Details

  • 35th AGM Date: September 19, 2026 at 11:00 AM through VC/OAVM
  • Business to be transacted:
  • Adoption of audited standalone financial statements for FY 2025-2026
  • Re-appointment of Mr. Divyeshkumar Hiralal Changela (DIN: 00247364) as Director
  • Ratification of remuneration of Cost Auditor for FY 2026-2027 at ₹50,000 plus expenses and taxes

Dividend and Reserves

  • No dividend recommended for the year ended March 31, 2026
  • No amount transferred to General Reserve

Capital Structure

  • Paid-up Equity Share Capital: ₹10.79 crore
  • No shares issued during the year under review
  • 100% of share capital is dematerialized

Corporate Governance

  • Board Composition: 6 Directors (3 Executive, 3 Independent)
  • Board Meetings: 5 meetings held during the year
  • Key Managerial Personnel:
  • Mr. Dilip Changela (Managing Director)
  • Mr. Divyeshkumar Changela (Whole-time Director)
  • Mr. Vijay Changela (Whole-time Director)
  • Mr. Vishal Changela (CFO)
  • Mr. Ketan V. Savaliya (Company Secretary)

Committee Details

  • Audit Committee: Met 5 times during the year
  • Nomination and Remuneration Committee: Met 2 times during the year
  • Stakeholders' Relationship Committee: Met 2 times during the year
  • CSR Committee: Met once during the year

Corporate Social Responsibility

  • CSR Obligation: ₹7,26,457
  • CSR Expenditure: ₹7,30,000 contributed to:
  • Sadbhavna Seva Foundation: ₹4,50,000
  • Aekrang Childrens Development Institute: ₹2,80,000

Auditor Reports

  • Statutory Auditors: M/s. Anil Parekh & Co. issued unqualified report
  • Secretarial Auditor: M/s. K. P. Ghelani & Associates issued unqualified report
  • Cost Auditor: M/s. M.C. Bambhroliya & Associates appointed for FY 2026-2027

Key Disclosures

  • No frauds reported by auditors under Section 143(12) of Companies Act, 2013
  • No material orders passed by regulators/courts impacting going concern status
  • No application made under Insolvency and Bankruptcy Code, 2016
  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013
  • Complied with provisions of Maternity Benefit Act, 1961

Future Outlook

The Indian bearing market is expected to expand supported by automotive production, industrial machinery, railways, mining, infrastructure, renewable energy and automation. The Company remains committed to strengthening operational capabilities, maintaining quality standards, and pursuing opportunities for profitable growth.