Board Meeting Details

The Board of Directors meeting was held on Tuesday, 26th May, 2026, from 11:30 AM to 12:15 Noon at the Registered Office of the Company at 17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad-382405, Gujarat, India.

Key Board Approvals

1. Considered and approved the Standalone Financial Results for the half-year and year ended 31st March, 2026, including Statement of Assets & Liabilities and Cash Flow Statement.

2. Took note of the Standalone Auditor's Report with Unmodified Opinion and approved the Declaration regarding the same.

3. Approved the appointment of M/s. S. Mandawat & Co., Chartered Accountants, as the Internal Auditor of the Company for FY 2026-27.

Financial Results Overview (Rs. in lacs)

Income Statement Highlights:

  • Revenue from operations (net): FY26: ₹28,479.11 vs FY25: ₹28,750.48 (decrease of ₹271.37)
  • Other income: FY26: ₹7.32 vs FY25: ₹0.81
  • Total revenue: FY26: ₹28,486.43 vs FY25: ₹28,751.29
  • Purchase Trading Items: FY26: ₹27,942.32 vs FY25: ₹28,168.19
  • Employee benefits expense: FY26: ₹34.04 vs FY25: ₹34.77
  • Finance costs: FY26: ₹0.09 vs FY25: ₹7.68
  • Depreciation and amortization expense: FY26: ₹5.35 vs FY25: ₹9.03
  • Other expenses: FY26: ₹755.86 vs FY25: ₹686.17
  • Profit before exceptional items and tax: FY26: ₹134.98 vs FY25: ₹103.76
  • Exceptional items: Loss on Sales of Car: ₹37.57 (FY26 only)
  • Profit before tax: FY26: ₹97.41 vs FY25: ₹103.76
  • Tax expense: FY26: ₹33.64 vs FY25: ₹27.74
  • Profit after tax: FY26: ₹63.77 vs FY25: ₹76.02
  • Basic EPS (in Rupees): FY26: ₹1.62 vs FY25: ₹1.93
  • Diluted EPS (in Rupees): FY26: ₹1.62 vs FY25: ₹1.93

Half-Yearly Performance (31.03.2026 vs 30.09.2025):

  • Revenue from operations: ₹15,670.28 (Audited) vs ₹12,808.83 (Unaudited)
  • Profit after tax: ₹3.88 (Audited) vs ₹59.89 (Unaudited)
  • Basic EPS: ₹0.10 (Audited) vs ₹1.52 (Unaudited)

Cash Flow Statement (Rs. in lacs)

  • Net cash from operating activities: FY26: ₹13.14 vs FY25: (₹16.20)
  • Net cash from investing activities: FY26: ₹20.00 (sale of fixed assets) vs FY25: ₹0.00
  • Net cash from financing activities: FY26: (₹0.09) vs FY25: (₹7.68)
  • Net increase in cash and cash equivalents: FY26: ₹33.05 vs FY25: (₹23.88)
  • Cash and cash equivalents at year-end: FY26: ₹46.32 vs FY25: ₹13.27

Key Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on May 26, 2026.

2. The statutory auditors, M/s. Shreekant S. Shah & Co., issued an unmodified opinion on the financial results.

3. The company is exempt from adopting Ind AS as it is listed on the SME Exchange.

4. Segment reporting under AS-17 is not applicable as the company operates in only one segment.

5. The company disposed of a motor car, recognizing an exceptional loss of ₹37.57 lakhs due to under-utilization and higher maintenance costs.

6. No information was received from suppliers regarding their status under the MSMED Act, 2006.

7. No investor complaints were pending as of 31.03.2026.

Internal Auditor Appointment

M/s. S. Mandawat & Co., Chartered Accountants (Firm Registration No. 118330W), was appointed as Internal Auditor for FY 2026-27. The firm was established in 1998 and has previously conducted branch statutory audits for State Bank of India and Bank of Maharashtra.