Newspaper Publication of Postal Ballot Notice.
Please find enclosed.
The Board members in their Board meeting held today have approved Voluntary Delisting of Equity Shares of the Company from both the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited.
It is hereby informed that in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended from time to time), the trading window shall be closed now till the end of 48 hours of the announcement of the outcome of the Board Meeting scheduled on 9th June, 2026.
This is in continuation of our previous disclosure dated 28th May, 2026, whereby the Company had informed the exchanges about appointment of M/s. Robert Pavrey & Associates LLP as the Peer Review Company Secretary, in accordance with regulation 10(2) and 10(3) of the SEBI Delisting Regulations to carry out due diligence and audit in connection with the voluntary delisting proposal received by the Company. In this regard, the Company had received a communication from the aforementioned firm expressing their unavailability during this period to conduct this assignment and hence the Board of Directors today vide their circular resolution appointed Mrs. Prerana Jadhav (Peer Review No. 2751/2022) to carry out this due diligence and audit in accordance with SEBI Delisting Regulations, as per the intimation attached. Kindly take the intimation on record and disseminate the information to public.
i. Take on record and review the due diligence report of the peer reviewed company secretary (“Company Secretary”) appointed to carry out the due diligence in accordance with Regulation 10(2) and 10(3) and any other applicable provisions of the SEBI Delisting Regulations; ii. Take on record the Floor price certificate issued by Mr. Gaurang Rajesh Shah, Chartered Accountant and Registered Valuer and received by the Company through Manager to the offer on 28th May, 2026. iii. Take on record an audit report as required under regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. iv. Consider and approve/reject the Delisting Proposal after discussing and taking into account various factors and the Company Secretary’s due diligence report; v. Consider other matters incidental thereto or required in terms of the SEBI Delisting Regulations, including seeking shareholders’ approval, as may be required. Trading Window shall be closed
Disclosure under Regulation 30 of SEBI (LODR)Regulations, 2015.
Please find enclosed Annual Secretarial Compliance Report furnished by Nilesh Shah & Associates for the Financial Year ended March 31, 2026.
Dear Sir / Madam, Further to our disclosure of 25th May 2026, under Regulation 30 of SEBI LODR Regulations, a copy of IPA received by the Company from Manager to the Offer on behalf of Geetanjali Trading and Investments Private Limited is being uploaded. Kindly take this on record.
Please find enclosed.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 150.38 | 143.49 | 129.30 | 138.63 | 142.62 | 146.51 | 123.00 | 137.30 | 152.82 | 148.28 | 131.54 | 151.61 |
| YOY Revenue Growth % | 1.34% | -10.72% | 6.8% | 7.89% | -5.16% | 2.11% | -4.87% | -0.96% | 7.15% | 1.21% | 6.94% | 10.43% |
| Other Income | 0.16 | 0.08 | 0.67 | 0.50 | 0.98 | 0.36 | 0.97 | 1.20 | 0.38 | 0.17 | 0.21 | 1.77 |
| Total Income | 150.53 | 143.57 | 129.97 | 139.13 | 143.60 | 146.88 | 123.97 | 138.50 | 153.21 | 148.45 | 131.74 | 153.39 |
| Total Expenses + | 140.26 | 136.65 | 126.47 | 129.81 | 139.02 | 142.79 | 122.74 | 137.29 | 148.58 | 146.46 | 134.03 | 147.22 |
| Cost of Materials Consumed | 90.00 | 87.68 | 78.85 | 82.74 | 87.58 | 90.24 | 74.20 | 83.81 | 94.27 | 91.78 | 81.30 | 91.08 |
| Employee Benefit Expense | 9.46 | 10.30 | 9.96 | 9.81 | 11.09 | 10.80 | 10.16 | 10.91 | 11.28 | 11.37 | 11.49 | 11.11 |
| Other Expenses | 28.73 | 28.44 | 26.92 | 27.04 | 28.16 | 29.60 | 24.38 | 28.64 | 29.68 | 29.98 | 28.17 | 31.28 |
| Operating Profit | 10.11 | 6.84 | 2.83 | 8.82 | 3.60 | 3.72 | 0.26 | 0.00 | 4.24 | 1.82 | -2.49 | 4.39 |
| OPM % | 6.7% | 4.8% | 2.2% | 6.4% | 2.5% | 2.5% | 0.2% | 0% | 2.8% | 1.2% | -1.9% | 2.9% |
| Profit Before Tax + | 10.27 | 6.92 | 3.51 | 9.32 | 5.35 | 4.09 | 1.22 | -0.34 | 4.63 | 1.99 | -4.28 | 6.81 |
| Tax Expense | 2.59 | 1.77 | 0.98 | 2.68 | 1.30 | 1.16 | -0.21 | 0.08 | 1.22 | 0.48 | -1.02 | 0.43 |
| Tax % | 25.2% | 25.5% | 27.9% | 28.8% | 24.3% | 28.4% | -16.8% | - | 26.5% | 24.1% | - | 6.3% |
| Profit After Tax | 7.68 | 5.15 | 2.53 | 6.64 | 4.05 | 2.92 | 1.43 | -0.42 | 3.40 | 1.51 | -3.27 | 6.38 |
| EPS (Basic) | 4.47 | 3.00 | 1.47 | 3.87 | 2.36 | 1.70 | 0.83 | -0.24 | 1.98 | 0.88 | -1.90 | 3.71 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 584.25 | 549.43 | 561.79 | 558.67 | 588.46 | 447.08 | 460.09 |
| YOY Revenue Growth % | 6.34% | -2.2% | 0.56% | -5.06% | 31.62% | -2.83% | - |
| Other Income | 2.53 | 3.44 | 1.61 | 1.74 | 0.79 | 1.45 | 0.55 |
| Total Income | 586.78 | 552.87 | 563.41 | 560.41 | 589.25 | 448.54 | 460.64 |
| Total Expenses + | 576.29 | 541.77 | 533.39 | 526.86 | 548.80 | 431.84 | 398.63 |
| Cost of Materials Consumed | 358.44 | 335.83 | 339.26 | 347.04 | 372.29 | 263.92 | 272.97 |
| Employee Benefit Expense | 45.25 | 42.96 | 39.53 | 35.63 | 31.41 | 28.61 | 30.81 |
| Other Expenses | 119.12 | 110.72 | 111.33 | 98.76 | 100.13 | 89.06 | 94.85 |
| Operating Profit | 7.96 | 7.66 | 28.41 | 31.82 | 39.65 | 15.24 | 61.46 |
| OPM % | 1.4% | 1.4% | 5.1% | 5.7% | 6.7% | 3.4% | 13.4% |
| Profit Before Exceptional | 10.49 | 11.10 | 30.02 | 33.56 | 40.45 | 16.70 | 6.81 |
| Exceptional Items | -1.35 | -0.78 | 0.00 | 3.81 | 9.94 | 5.64 | -3.22 |
| Profit Before Tax + | 9.14 | 10.32 | 30.02 | 37.36 | 50.39 | 22.34 | 3.58 |
| Tax Expense | 1.12 | 2.34 | 8.02 | 9.03 | 12.99 | 5.38 | 1.23 |
| Tax % | 12.2% | 22.6% | 26.7% | 24.2% | 25.8% | 24.1% | 34.2% |
| Profit After Tax | 8.02 | 7.98 | 22.00 | 28.33 | 37.40 | 16.96 | 2.36 |
| EPS (Basic) | 4.67 | 4.65 | 12.81 | 16.49 | 21.77 | 9.87 | 1.37 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 329.70 | 333.86 | 294.11 | 253.26 | 261.00 | 275.80 | 0.00 |
| Property, Plant & Equipment | 262.85 | 266.10 | 249.60 | 221.05 | 237.34 | 242.78 | 0.00 |
| Capital Work in Progress | 11.87 | 12.62 | 14.79 | 6.43 | 2.11 | 3.14 | 0.00 |
| Non-Current Investments | 27.56 | 28.52 | 1.14 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.61 | 0.11 | 0.02 | 0.12 | 0.17 | 0.29 | 0.00 |
| Current Assets + | 142.32 | 106.11 | 94.53 | 86.63 | 91.57 | 87.16 | 0.00 |
| Inventories | 67.89 | 48.82 | 42.07 | 37.48 | 43.59 | 38.70 | 0.00 |
| Trade Receivables | 61.16 | 44.97 | 42.34 | 36.57 | 43.03 | 44.15 | 0.00 |
| Cash and Cash Equivalents | 0.29 | 0.28 | 0.64 | 2.35 | 0.72 | 0.56 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 276.15 | 269.72 | 263.42 | 243.21 | 216.95 | 182.08 | 0.00 |
| Equity Share Capital | 17.18 | 17.18 | 17.18 | 17.18 | 17.18 | 17.18 | 0.00 |
| Other Equity | 258.97 | 252.54 | 246.24 | 226.03 | 199.78 | 164.90 | 0.00 |
| Non-Current Liabilities | 71.61 | 57.51 | 41.29 | 23.75 | 46.65 | 73.59 | 0.00 |
| Current Liabilities | 124.63 | 113.12 | 84.49 | 73.48 | 90.30 | 112.85 | 0.00 |
| Total Liabilities | 196.24 | 170.62 | 125.78 | 97.24 | 136.95 | 186.44 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 37.27 | 46.95 | 54.57 | 69.33 | 72.68 | 64.83 | 0.00 |
| Cash from Investing Activities | -45.33 | -63.74 | -48.21 | -15.92 | -5.91 | -8.94 | 0.00 |
| Cash from Financing Activities | 8.07 | 16.43 | -8.07 | -54.33 | -65.06 | -52.24 | 0.00 |
| Net Increase/Decrease in Cash | 0.01 | -0.36 | -1.71 | -0.92 | 1.71 | 3.64 | 0.00 |