Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copies of newspaper advertisement published in Western Times (English) and Western Times (Gujarati), Ahmedabad Edition on 28th May, 2026, regarding the Postal Ballot Notice of the Company dated 23rd May, 2026 in compliance with the provisions of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, as amended.
Annual Secretarial Compliance Report for the year ended on 31st March, 2026
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Postal Ballot Notice of the Company dated 23rd May, 2026, which will be dispatched to the members of the Company today i.e. on 27th May, 2026 for seeking approval of the members of the Company for the Special Business as set out in the Postal Ballot Notice by way of voting through electronic means i.e. through remote e-voting system only.
Submission of Newspaper extract of Audited Financial Results (Standalone & Consolidated) for the quarter & year ended on 31st March, 2026.
Results For The Quarter And Year Ended 31st March, 2026
Appointment of Internal Auditor of the Company for F.Y. 2026-27
1. Audited (Standalone and Consolidated) Financial Results the Quarter and Financial Year ended on March 31, 2026, Statement of Assets and Liabilities (Standalone and Consolidated) and Cash Flow Statement (Standalone and Consolidated) for the financial year ended on March 31, 2026 and considered Auditor’s Reports on the Standalone and Consolidated Financial Results for the financial year ended on March 31, 2026.
The Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31st March, 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, the Board of Directors of the Company has, by way of Circular Resolution passed on 01st May, 2026, approved the appointment of an Additional Director in the category of Non-Executive Independent Director. Consequent to the aforesaid, the Board has also approved the reconstitution of the Audit Committee and the Stakeholders’ Relationship Committee with effect from 01st May, 2026. Further, the Board has approved the reconstitution of the Sub-Committee of the Board, and accordingly, the composition of all the aforesaid Committees has been revised in line with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.
Pursuant to Regulation 30 (read with Para A, Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”), we hereby inform you as under: 1. Appointment of Additional Director in the category of Non-Executive Independent Director on the Board of the Company:2. Resignation of Non-Executive Non-independent Director of the Company:
| Particulars | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 26.61 | 54.86 | 68.29 | 58.66 | 77.71 | 5.28 | 2.17 | 0.81 | 2.77 | 4.01 | 0.78 | 6.86 |
| YOY Revenue Growth % | 223.72% | 52.94% | 40.34% | 20.4% | 192.03% | -90.37% | -96.82% | -98.62% | -96.44% | -24.09% | -64.2% | 746.91% |
| Other Income | 0.75 | 1.83 | 0.14 | 1.24 | 0.87 | 0.67 | 0.91 | 0.92 | 1.13 | 1.54 | 7.00 | 0.18 |
| Total Income | 27.36 | 56.69 | 68.43 | 59.90 | 78.58 | 5.95 | 3.08 | 1.73 | 3.90 | 5.55 | 7.78 | 7.04 |
| Total Expenses + | 36.51 | 57.04 | 70.38 | 70.77 | 77.44 | 3.80 | 7.97 | 3.75 | 4.48 | 8.38 | 5.31 | 12.26 |
| Cost of Materials Consumed | 24.27 | 30.59 | 38.90 | 41.49 | 44.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 9.20 | 8.09 | 7.50 | 7.66 | 9.09 | 1.50 | -0.59 | 0.76 | 1.60 | 1.89 | 2.15 | 2.18 |
| Other Expenses | 10.84 | 13.13 | 21.92 | 21.62 | 35.30 | 13.31 | 34.19 | 29.55 | 19.63 | 24.48 | 18.61 | 41.30 |
| Operating Profit | -9.90 | -2.18 | -2.09 | -12.11 | 0.26 | 1.48 | -5.80 | -2.94 | -1.71 | -4.37 | -4.53 | -5.40 |
| OPM % | -37.2% | -4% | -3.1% | -20.6% | 0.3% | 28.1% | -267.3% | -363% | -61.7% | -109% | -583% | -78.7% |
| Profit Before Tax + | -9.15 | -0.35 | -1.95 | 33.12 | 1.13 | 2.15 | -4.89 | -2.02 | -0.58 | -2.83 | 2.47 | -5.22 |
| Tax Expense | 0.00 | 0.00 | 0.00 | 3.75 | -0.10 | 14.08 | 6.66 | -5.27 | 1.95 | 5.25 | 5.22 | 1.72 |
| Tax % | - | - | - | 11.3% | -8.6% | 654.3% | - | - | - | - | 210.9% | - |
| Profit After Tax | -9.15 | -0.35 | -1.95 | 29.37 | 1.23 | -11.92 | -11.55 | 3.25 | -2.53 | -8.08 | -2.74 | -6.94 |
| EPS (Basic) | -0.48 | -0.02 | -0.10 | -0.17 | 0.06 | -0.62 | -0.60 | 0.17 | -0.14 | -0.42 | -0.14 | -0.36 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | 12.01 | 10.48 | 207.37 | 141.47 | 285.44 |
| YOY Revenue Growth % | 14.6% | -94.95% | 46.58% | -50.44% | - |
| Other Income | 9.85 | 3.11 | 2.63 | 11.19 | 7.76 |
| Total Income | 21.86 | 13.59 | 210.00 | 152.66 | 293.20 |
| Total Expenses + | 28.02 | 13.86 | 231.32 | 164.27 | 296.57 |
| Cost of Materials Consumed | 0.00 | 0.00 | 135.80 | 58.92 | 135.45 |
| Employee Benefit Expense | 7.83 | 2.81 | 29.02 | 36.31 | 44.91 |
| Other Expenses | 101.62 | 88.43 | 66.50 | 41.75 | 90.35 |
| Operating Profit | -16.01 | -3.38 | -23.95 | -22.80 | -11.13 |
| OPM % | -133.3% | -32.3% | -11.5% | -16.1% | -3.9% |
| Profit Before Exceptional | -6.16 | -0.27 | -9.92 | -11.61 | -3.37 |
| Exceptional Items | 0.00 | 0.00 | 35.79 | 0.00 | 0.00 |
| Profit Before Tax + | -6.16 | -0.27 | 25.87 | -11.61 | -3.37 |
| Tax Expense | 14.14 | 18.73 | 7.93 | -0.12 | 0.00 |
| Tax % | - | - | 30.7% | - | - |
| Profit After Tax | -20.30 | -19.00 | 17.94 | -11.49 | -3.37 |
| EPS (Basic) | -1.06 | -0.99 | -0.77 | -0.60 | -0.18 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| ASSETS | |||||
| Non-Current Assets + | 187.90 | 133.84 | 0.00 | 144.99 | 151.04 |
| Property, Plant & Equipment | 42.30 | 46.51 | 0.00 | 133.91 | 138.35 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.71 | 0.69 |
| Non-Current Investments | 95.12 | 31.11 | 0.00 | 0.00 | 2.19 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.03 | 0.04 | 0.00 | 0.21 | 0.26 |
| Current Assets + | 367.92 | 335.10 | 0.00 | 121.64 | 145.26 |
| Inventories | 290.39 | 201.31 | 0.00 | 36.80 | 58.38 |
| Trade Receivables | 2.13 | 3.94 | 0.00 | 14.17 | 16.48 |
| Cash and Cash Equivalents | 16.25 | 64.33 | 0.00 | 9.17 | 11.05 |
| Current Investments | 41.83 | 0.00 | 0.00 | 3.00 | 12.76 |
| LIABILITIES & EQUITY | |||||
| Total Equity | 276.91 | 298.56 | 0.00 | 209.19 | 220.90 |
| Equity Share Capital | 191.66 | 191.66 | 0.00 | 191.66 | 191.66 |
| Other Equity | 85.25 | 106.90 | 0.00 | 17.53 | 29.24 |
| Non-Current Liabilities | 163.86 | 121.41 | 0.00 | 19.11 | 22.53 |
| Current Liabilities | 116.31 | 82.24 | 0.00 | 40.87 | 52.87 |
| Total Liabilities | 280.17 | 203.65 | 0.00 | 59.98 | 75.40 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Cash from Operating Activities | -40.28 | -19.86 | -26.42 | -8.06 | 0.00 |
| Cash from Investing Activities | -41.42 | 29.44 | 37.45 | -7.23 | 0.00 |
| Cash from Financing Activities | 33.62 | -9.72 | -5.54 | 13.40 | 0.00 |
| Net Increase/Decrease in Cash | -48.08 | -0.14 | 5.49 | -1.89 | 0.00 |