Newspaper Publication of Postal Ballot Notice
Please find enclosed Postal Ballot Notice.
Newspaper Publication of the Extract of Audited Standalone and Consolidation of Financials Results for the Quarter and Financial Year ended March 31, 2026
Secretarial Compliance Report for the Financial Year March 31, 2026 under Regulation 24A of SEBI (LODR) Regulations, 2015
Appointment of Mr. Ajay Shah as CEO of the Company
The Board of Directors approved and declared an interim Dividend of Rs. 0.25 per equity share of face value of Rs. 10 each for the financial year 2025-26.
Re-designation of Mr. Madhusudan Kela from Managing Director to Non-Executive Non Independent Director.
Re-designation of Mr. Madhusudan Kela as Non-Executive Non-Independent Director
Re-designation of Mr. Madhusudan Kela
Appointment of Internal Auditor
| 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 | 12.58 | 9.60 | 8.44 | 8.41 | 7.65 | 6.82 | 7.86 | 2.88 | 6.03 | 6.06 | 3.56 | 2.28 |
| YOY Revenue Growth % | 503144% | 261% | -39.82% | -19.77% | -39.22% | -28.95% | -6.92% | -65.78% | -21.19% | -11.08% | -54.75% | -20.76% |
| Other Income | 0.18 | 0.43 | 1.16 | 0.61 | 0.45 | 0.66 | 0.68 | 0.53 | 0.46 | 0.26 | 0.49 | 0.73 |
| Total Income | 12.76 | 10.03 | 9.60 | 9.01 | 8.10 | 7.48 | 8.54 | 3.40 | 6.49 | 6.32 | 4.05 | 3.01 |
| Total Expenses + | 5.30 | 3.54 | 2.69 | 1.14 | 1.13 | 1.83 | 1.41 | 10.18 | 0.98 | 1.80 | 1.70 | 1.74 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.20 | 0.29 | 0.29 | 0.31 | 0.23 | 0.20 | 0.23 | 0.22 | 0.23 | 0.32 | 0.39 | 0.37 |
| Other Expenses | 0.62 | 0.50 | 0.33 | 0.30 | 0.27 | 0.25 | 0.24 | 9.30 | 0.27 | 0.83 | 0.73 | 1.25 |
| Operating Profit | 7.28 | 6.06 | 5.75 | 7.26 | 6.52 | 4.99 | 6.45 | -7.31 | 5.05 | 4.26 | 1.86 | 0.53 |
| OPM % | 57.9% | 63.1% | 68.1% | 86.4% | 85.2% | 73.2% | 82.1% | -254.1% | 83.7% | 70.3% | 52.3% | 23.5% |
| Profit Before Tax + | 7.46 | 6.49 | 6.91 | 7.87 | 6.97 | 5.65 | 7.13 | -6.78 | 5.51 | 4.52 | 2.35 | 1.27 |
| Tax Expense | 2.02 | 1.72 | 1.90 | 2.00 | 1.82 | 1.42 | 1.78 | -1.43 | 1.27 | 1.03 | 0.01 | 0.17 |
| Tax % | 27% | 26.5% | 27.5% | 25.4% | 26.2% | 25.2% | 25% | - | 23% | 22.7% | 0.4% | 13.1% |
| Profit After Tax | 5.44 | 4.77 | 5.01 | 5.87 | 5.14 | 4.23 | 5.35 | -5.35 | 4.24 | 3.49 | 2.34 | 1.10 |
| EPS (Basic) | 14.32 | 12.40 | 13.02 | 15.27 | 13.39 | 11.01 | 27.84 | -13.92 | 11.04 | 9.09 | 6.09 | 2.87 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 17.93 | 25.20 | 39.03 | 27.33 | 13.72 | 8.23 |
| YOY Revenue Growth % | -28.87% | -35.42% | 42.8% | 99.21% | 66.59% | - |
| Other Income | 1.95 | 2.32 | 2.37 | 0.03 | 0.00 | 0.07 |
| Total Income | 19.87 | 27.52 | 41.40 | 27.36 | 13.72 | 8.31 |
| Total Expenses + | 6.22 | 14.55 | 12.67 | 5.61 | 7.59 | 5.05 |
| Employee Benefit Expense | 1.31 | 0.89 | 1.08 | 0.36 | 0.86 | 0.58 |
| Other Expenses | 3.09 | 10.07 | 1.74 | 1.25 | 0.41 | 0.18 |
| Operating Profit | 11.70 | 10.66 | 26.35 | 21.72 | 6.13 | 3.19 |
| OPM % | 65.3% | 42.3% | 67.5% | 79.5% | 44.7% | 38.7% |
| Profit Before Exceptional | 13.65 | 12.97 | 28.72 | 21.75 | 6.13 | 3.26 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 13.65 | 12.97 | 28.72 | 21.75 | 6.13 | 3.26 |
| Tax Expense | 2.47 | 3.60 | 7.64 | 5.45 | 1.56 | 0.56 |
| Tax % | 18.1% | 27.7% | 26.6% | 25.1% | 25.5% | 17.3% |
| Profit After Tax | 11.18 | 9.38 | 21.08 | 16.30 | 4.57 | 2.70 |
| EPS (Basic) | 29.09 | 24.40 | 55.22 | 47.71 | 13.36 | 7.89 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 21.64 | 11.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.56 | 0.80 | 1.14 | 0.00 | 0.00 | 0.05 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 18.80 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Current Assets + | 93.70 | 111.43 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and Cash Equivalents | 0.68 | 0.58 | 28.71 | 0.29 | 0.00 | 0.16 |
| Current Investments | 87.75 | 73.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 113.70 | 102.62 | 93.60 | 31.78 | 15.48 | 11.04 |
| Equity Share Capital | 3.84 | 3.84 | 3.84 | 3.42 | 3.42 | 3.42 |
| Other Equity | 109.86 | 98.77 | 89.76 | 28.37 | 12.06 | 7.62 |
| Non-Current Liabilities | 0.07 | 1.25 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Liabilities | 1.56 | 18.57 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.63 | 19.83 | 20.02 | 277.42 | 0.02 | 0.82 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 28.46 | 32.03 | 258.09 | -259.39 | -5.21 | -3.72 |
| Cash from Investing Activities | -28.22 | -59.04 | -12.09 | 14.08 | 5.19 | -0.41 |
| Cash from Financing Activities | -0.13 | -1.13 | -217.58 | 245.58 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 0.11 | -28.14 | 28.42 | 0.26 | -0.01 | -4.13 |