Date: July 4, 2026
KMP / Board / Auditor Changes
- Ms. Nikita Dhaval Mehta resigned as Company Secretary & Compliance Officer effective May 30, 2025, due to preoccupation in other business
- Mrs. Sarita Khamwani (Membership No: A26838) appointed as Company Secretary & Compliance Officer on May 30, 2025 - qualified Company Secretary and law graduate with over 15 years of experience across manufacturing, infrastructure, finance, trading, and services sectors
- M/s. Ronak Jhuthawat & Co appointed as Secretarial Auditor for 5 years starting FY2025-2026 (practicing company secretaries' firm registered with ICSI)
- M/s. Valawat & Associates appointed as Internal Auditor for FY2025-2026 (partners experienced in audit, taxation, company law matters, Central Excise, Custom Laws, Sales tax and Project financing)
Board Meeting Outcomes
Board meeting held on May 30, 2025 (3:00 PM to 8:30/9:30 PM) approved:
- Audited Financial Results (Standalone and Consolidated) for quarter and year ended March 31, 2025 along with Auditor's Report
- Appointment of M/s. Ronak Jhuthawat & Co as Secretarial Auditor
- Appointment of M/s. Valawat & Associates as Internal Auditor
- Resignation of Ms. Nikita Dhaval Mehta as Company Secretary & Compliance Officer
- Appointment of Mrs. Sarita Khamwani as Company Secretary & Compliance Officer
Financial Results (Standalone)
Quarter Ended March 31, 2025:
- Revenue from operations: ₹666.33 lakh
- Other income: ₹62.31 lakh
- Total income: ₹728.64 lakh
- Total expenses: ₹1,482.39 lakh
- Loss before tax: ₹(521.88) lakh
- Tax expense: ₹(17.23) lakh (prior year)
- Net loss: ₹(504.63) lakh
- Other Comprehensive Income: ₹(1.70) lakh
- Total Comprehensive Expense: ₹(502.93) lakh
- Basic & Diluted EPS: ₹(0.57) per share (face value ₹2 each)
Year Ended March 31, 2025:
- Revenue from operations: ₹4,190.65 lakh
- Other income: ₹191.18 lakh
- Total income: ₹4,381.83 lakh
- Total expenses: ₹4,174.70 lakh
- Loss before tax: ₹(936.70) lakh
- Tax expense: ₹(17.23) lakh (prior year)
- Net loss: ₹(919.47) lakh
- Other Comprehensive Income: ₹(1.70) lakh
- Total Comprehensive Expense: ₹(917.77) lakh
- Basic & Diluted EPS: ₹(1.03) per share (face value ₹2 each)
Balance Sheet Highlights (Standalone as at March 31, 2025):
- Property, plant and equipment: ₹847 lakh
- Right-of-use assets: ₹181 lakh
- Inventories: ₹846 lakh
- Trade receivables: ₹494 lakh
- Cash and cash equivalents: ₹22 lakh
- Total assets: ₹5,277 lakh
- Equity share capital: ₹1,780.01 lakh
- Reserves and surplus: ₹(322.45) lakh (negative)
- Short-term borrowings: ₹1,258 lakh
- Total liabilities: ₹1,939 lakh
Financial Results (Consolidated)
Quarter Ended March 31, 2025:
- Revenue from operations: ₹666.33 lakh
- Other income: ₹62.31 lakh
- Total income: ₹728.64 lakh
- Total expenses: ₹1,287.50 lakh
- Loss before tax: ₹(558.86) lakh
- Tax expense: ₹(17.23) lakh (prior year)
- Net loss: ₹(541.63) lakh
- Share of Profit/(Loss) of Associate and Joint Ventures: ₹160.49 lakh
- Other Comprehensive Income: ₹(1.70) lakh
- Total Comprehensive Expense: ₹(379.44) lakh
- Basic & Diluted EPS: ₹(0.43) per share (face value ₹2 each)
Year Ended March 31, 2025:
- Revenue from operations: ₹4,190.65 lakh
- Other income: ₹191.18 lakh
- Total income: ₹4,381.83 lakh
- Total expenses: ₹5,268.41 lakh
- Loss before tax: ₹(886.58) lakh
- Tax expense: ₹(17.23) lakh (prior year)
- Net loss: ₹(869.35) lakh
- Share of Profit/(Loss) of Associate and Joint Ventures: ₹185.29 lakh
- Other Comprehensive Income: ₹(1.70) lakh
- Total Comprehensive Expense: ₹(682.36) lakh
- Basic & Diluted EPS: ₹(0.77) per share (face value ₹2 each)
Subsidiaries included in consolidation: Kshitij E-Store Ventures Private Limited, Sparion Infrastructure Private Limited
Regulatory Compliance Clarifications
- Financial results signed by Mr. Mahendra Kumar Jain (Executive Director and Chairperson) and Ms. Vineeta Jain (Executive Director) who were authorized by Board resolution dated May 30, 2025
- Missing balancing figure note added to ensure SEBI LODR Regulation 33(2)(b) compliance
- Delay in submission was inadvertent and unintentional - penalty already paid
- Company submitted Audited Financial Results for Q4 along with results for entire financial year, with Q4 figures derived as balancing figures between audited full-year results and published year-to-date figures up to Q3
Other Operational Disclosures
- Company has only one business segment: manufacturing of PP, PVC profiles, other stationery items
- No investor complaints during the quarter
- Figures of previous periods regrouped where necessary for consistency
- Financial results prepared under Indian Accounting Standards (Ind AS)