Key Financial Figures (FY 2025-26)

  • Outstanding long-term borrowings at start of FY: ₹4.45 Crores
  • Outstanding long-term borrowings at end of FY: ₹8.34 Crores
  • Incremental borrowing during the year: ₹14.72 Crores
  • Borrowings via debt securities: Nil
  • Net Worth: ₹6.89 Crores
  • Net Profit for the year: ₹66.17 Lakhs
  • Total Revenue From Operations: ₹283.56 Lakhs
  • Total Expenses: ₹197.55 Lakhs
  • Profit before Tax: ₹86.02 Lakhs
  • Total Tax Expense: ₹19.84 Lakhs
  • Earnings Per Share (Basic & Diluted): ₹1.02
  • Paid-up Equity Share Capital: ₹646.35 Lakhs (Face Value ₹10/-)
  • Other Equity: ₹43.05 Lakhs
  • Total Assets: ₹2,840.62 Lakhs
  • Total Liabilities: ₹2,840.62 Lakhs
  • Cash and Cash Equivalents at year-end: ₹(22.43) Lakhs (Negative balance)

Auditor's Qualified Opinion - Basis

Maheshwari & Co., Chartered Accountants (FRN: 105834W), issued a qualified opinion on the financial results. The basis for qualification includes:

1. Balances in the account of Loans & Advances are subject to confirmation/reconciliation. Management does not expect material adjustments.

2. Non-compliance with Ind AS 19 "Employee Benefits" regarding the recognition and disclosure of liabilities and expenses relating to employee benefits.

3. Interest income is not recognized on outstanding loans and advances given to various parties due to an absence of sufficient documentation to crystallize the interest rate. The auditor was unable to calculate the interest income to be recognized.

Emphasis of Matter Paragraphs

The auditor also drew attention to:

  • Balances in Trade Receivables, Trade Payables, and Advance to Suppliers being subject to confirmation/reconciliation and subsequent adjustment.
  • Non-compliance with TDS provisions under the Income Tax Act.
  • Statutory compliance with respect to GST being subject to reconciliation and subsequent adjustment.

Management's Response to Audit Qualifications

In the Annexure I (Statement on Impact of Audit Qualifications), the management stated: "Company will comply all the observations of the Auditor." The management did not quantify the impact of the audit qualifications, stating it was "Non Determinable" for EPS and "NA" for other items.

Cash Flow Highlights (FY 2025-26)

  • Net cash used in Operating Activities: ₹(1,103.15) Lakhs
  • Net cash used in Investing Activities: ₹(43.76) Lakhs
  • Net cash from Financing Activities: ₹691.07 Lakhs (primarily from new borrowings of ₹768.88 Lakhs)
  • Net decrease in Cash and Cash Equivalents: ₹(455.84) Lakhs

Governance and Approval

The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 30, 2026.