Key Quantitative Figures

Financial Results (Standalone, Rs. in Lacs):

  • Q4 FY26 (Audited): Net loss of ₹377.15 lacs
  • Revenue from operations: ₹7367.91 lacs
  • Total Income: ₹7398.71 lacs
  • Total expenses: ₹7800.86 lacs
  • Basic EPS: (₹0.09)
  • Diluted EPS: (₹0.09)
  • Full Year FY26 (Audited): Net profit of ₹10.45 lacs
  • Revenue from operations: ₹12879.35 lacs
  • Total Income: ₹12910.15 lacs
  • Total expenses: ₹12896.08 lacs
  • Basic EPS: ₹0.00
  • Diluted EPS: ₹0.00
  • Comparative FY25 (Audited): Net profit of ₹176.46 lacs
  • Revenue from operations: ₹3117.04 lacs
  • Total Income: ₹3117.04 lacs

Balance Sheet Position (as of 31.03.2026):

  • Paid Up Equity Share Capital: ₹4283.40 lacs
  • Other Equity: ₹504.70 lacs
  • Total Equity: ₹4788.10 lacs
  • Total Current Liabilities: ₹6022.07 lacs
  • Total Liabilities: ₹6022.07 lacs
  • Inventories: ₹1863.45 lacs
  • Trade receivables: ₹7054.25 lacs
  • Cash and cash equivalents: ₹11.13 lacs
  • Total Current Assets: ₹10204.27 lacs
  • Total Assets: ₹10810.17 lacs

Cash Flow (FY26):

  • Net Cash Used in Operating Activities: (₹2923.47) lacs
  • Net Cash Used in Investing Activities: (₹633.55) lacs
  • Net Cash from Financing Activities: ₹3563.95 lacs
  • Net Increase in Cash: ₹6.93 lacs

Dates of Action

  • Financial period ended: March 31, 2026
  • Board meeting date: May 30, 2026
  • Auditor's report date: May 30, 2026
  • Submission clarification date: June 26, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Auditors: M/S Shweta Jain & Co LLP (FRN: 127673W/W101149)
  • Auditor Partner: Amit Joshi (M No. 120022)

Audit Qualifications Details

The statutory auditors, M/S Shweta Jain & Co LLP, issued a qualified opinion with three specific matters:

1. Closing Inventory (₹18.63 Crore): Management did not provide item-wise quantitative details, supporting valuation workings, or representation confirming existence, quantity and valuation of inventory required for audit verification.

2. Trade Receivables (₹4.24 Crore overdue): Includes overdue receivables aggregating to ₹4.24 Crore pertaining to previous financial years with no recoveries received till the report date. Auditors unable to comment on recoverability.

3. Trade Payables (₹1.09 Crore overdue): Includes overdue payables aggregating to ₹1.09 Crore pertaining to previous financial years with no payments made till the report date. Auditors unable to comment on completeness, genuineness and appropriateness of carrying value.

Management's Response and Rationale

For Inventory:

Management states inventory of ₹18.63 Crore represents stock held in ordinary course of business, accounted for based on book records. Supporting records were maintained but could not be furnished within the required timeline during audit. All relevant documents were subsequently provided. Management believes inventory is fairly stated and expects no material adjustment.

For Receivables:

Management believes the ₹4.24 Crore overdue receivables are recoverable. The company has received post-dated cheques from concerned parties and is continuously following up for settlement. Based on assurances received and ongoing recovery efforts, management believes these receivables are good and no impairment provision is necessary.

For Payables:

Management confirms that ₹1.09 Crore overdue payables represent outstanding balances towards suppliers from previous financial years. These liabilities continue to be payable and are duly recorded. The delay in settlement is attributed to ongoing reconciliations and commercial discussions. Management does not have information indicating these liabilities require any adjustment.

Financial and Operational Impact

As explicitly disclosed in the audit qualifications, the financial impact of the qualified items is not quantified in the disclosure. The auditors state they are unable to comment on the consequential impact, if any, on the financial statements.

Capital Structure Impact

No specific capital structure impact disclosed in relation to the audit qualifications. The paid-up equity share capital remained at ₹4283.40 lacs as of March 31, 2026.

Cash Flow Implications

No specific cash flow implications disclosed in relation to the audit qualifications.

Additional Information

  • The company has only one reportable segment: Trading
  • The figures have been regrouped and/or reclassified wherever necessary
  • The annual financial results are based on audited financial statements for the year ended March 31, 2026
  • The Q4 FY26 results represent the balancing figure between audited full year figures and unaudited year-to-date figures up to Q3 FY26