Key Quantitative Figures
- Net Profit after tax for year ended 31st March, 2026: ₹56.67 crore (compared to ₹31.10 crore in previous year)
- Net Profit after tax for quarter ended 31st March, 2026: ₹12.89 crore
- Total Income for year ended 31st March, 2026: ₹214.21 crore
- Total Income for quarter ended 31st March, 2026: ₹17.60 crore
- Earnings Per Share (EPS) for year ended 31st March, 2026: ₹0.04 (basic & diluted)
- Earnings Per Share (EPS) for quarter ended 31st March, 2026: ₹0.01 (basic & diluted)
- Paid-up Equity Share Capital: ₹1,003.82 lakh (face value ₹1 each)
- Finance Cost for year: ₹50.97 crore
- Employee benefits expenses for year: ₹24.44 crore
- Cash and cash equivalents at year end: ₹76.68 lakh
Dates of Action
- Board Meeting Date: 27th May, 2026 (commenced 4:00 PM, concluded 5:30 PM IST)
- Financial Results Period: Quarter and year ended 31st March, 2026
- Clarification Submission Date: 22nd July, 2026
- Director Appointments Effective: 27th May, 2026
Parties Involved
- Stock Exchange: BSE Limited
- Statutory Auditors: PSV Jain & Associates
- New Directors: Mr. Vikrant Ponkshe (DIN: 06985597) and Mr. Saideep Rajendrakumar Agarwal (DIN: 03301828)
- Managing Director: Mr. Hozef Abdulhussain Darukhanawala (DIN: 00177029)
Disclosure Clarification
The Company clarified that while the XBRL filing of Audited Financial Results was correctly submitted in IND AS format within prescribed timelines, the PDF attachment was inadvertently uploaded in Accounting Standards (AS) format instead of IND AS format. The discrepancy was limited only to the format of the PDF attachment with no changes to financial results, financial figures, disclosures, Auditor's Report, or any other information already approved by the Board.
Financial Results Approval
The Board of Directors approved the Audited Financial Results for the quarter and financial year ended 31st March, 2026. The statutory auditors, M/s. PSV Jain & Associates, issued an audit report with unmodified opinion on the Audited Financial Statements.
Director Appointments
The Board approved the appointment of two additional directors:
1. Mr. Vikrant Ponkshe (DIN: 06985597) as Non-Executive Independent Director for a term of five years effective 27th May, 2026, subject to shareholder approval
2. Mr. Saideep Rajendrakumar Agarwal (DIN: 03301828) as Additional Director (Non-Executive, Non-Independent Director) effective 27th May, 2026, subject to shareholder approval
Director Profiles
- Mr. Vikrant Ponkshe: Experienced professional in BFSI, Fin-Tech, Reg-Tech with extensive experience in banking and financial services, governance, risk, and digital transformation. Former Managing Director & CEO with experience at LIC HFL, Barclays Bank PLC, Abu Dhabi Finance, Cosmos Bank.
- Mr. Saideep Rajendrakumar Agarwal: Seasoned professional with experience in corporate compliance, advisory, finance, technology, and agriculture sectors. Expertise in NCLT matters, stock exchange listing compliances, and cyber laws. Director at Sai Anand Associates (Farm Division) and former CEO at Fortech Technologies.
Capital Structure Impact
No change in share capital structure disclosed. Paid-up equity share capital remains unchanged at ₹1,003.82 lakh.
Shareholding Pattern
- Promoter and Promoter Group Holding: 65.35% (655.95 lakh shares)
- Public Shareholding: 34.65% (347.87 lakh shares)
Cash Flow Information
- Net cash flow from operating activities: ₹138.82 crore
- Net cash flow from investing activities: ₹-100.55 crore
- Net cash flow from financing activities: ₹-19.66 crore
- Net increase in cash and cash equivalents: ₹18.61 crore
Asset and Liability Position (as at 31st March, 2026)
- Total Assets: ₹3,050.73 lakh
- Non-Current Assets: ₹3,036.10 lakh (primarily loans and deposits of ₹3,033.35 lakh)
- Current Assets: ₹14.63 lakh
- Total Equity: ₹1,505.92 lakh
- Non-Current Liabilities: ₹1,425.66 lakh
- Current Liabilities: ₹119.15 lakh
Investor Complaints
- Pending at beginning of quarter: NIL
- Received during quarter: NIL
- Disposed off during quarter: NIL
- Unresolved during quarter: NIL
Additional Information
The company has only one segment. Figures of previous period have been regrouped/rearranged wherever considered necessary. The results were reviewed by the Audit Committee and approved by the Board of Directors.