Please find enclosed as per the subject.
Resignation of Director pursuant to change in control subject to requisite regulatory approval under SEBI Stock Brokers Regulations, 2026 and any other applicable law, guidelines, circulars issued therewith
Resignation of CFO due to change in control.
Change in directorate pursuant to change in control.
Change in Management pursuant to successful completion of Open Offer.
In Accordance with Regulation 30 read with Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the “LODR Regulations”), the Company would like to inform your goodself that, its Board of Directors of the Company, at their meeting held today i.e. June 05, 2026, a) reclassification of promoters and b) Change in management
Please find attached the Annual Secretarial Compliance Report for the year ended March 31, 2026.
Please find enclosed Pre- Offer Advertisement and corrigendum to the Detailed Public Statement and Letter of Offer as received from Choice Capital Advisors Private Limited
| 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 | 43.72 | 22.74 | 29.89 | 64.92 | 47.30 | 30.12 | 74.62 | 33.44 | 58.00 | 30.97 | 1.55 | 22.16 |
| YOY Revenue Growth % | 33.01% | 218.46% | 44.94% | 318.87% | 8.19% | 32.43% | 149.66% | -48.48% | 22.61% | 2.8% | -97.92% | -33.74% |
| Other Income | 0.00 | 0.03 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.24 | 0.64 | 0.54 |
| Total Income | 43.72 | 22.78 | 29.96 | 64.92 | 47.30 | 30.12 | 74.62 | 33.46 | 58.00 | 31.20 | 2.19 | 22.70 |
| Total Expenses + | 39.04 | 11.94 | 17.30 | 65.85 | 45.69 | 15.05 | 71.85 | 42.13 | 48.64 | 32.40 | 3.84 | 24.62 |
| 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 | 0.44 | 0.44 | 0.44 | 0.49 | 0.49 | 0.49 | 0.49 | 0.51 | 0.49 | 0.49 | 0.49 | 0.24 |
| Other Expenses | 0.17 | 0.18 | 0.21 | 0.57 | 0.27 | 0.37 | 0.57 | 0.45 | 0.15 | 0.29 | 0.27 | 0.50 |
| Operating Profit | 4.68 | 10.81 | 12.59 | -0.93 | 1.61 | 15.07 | 2.77 | -8.68 | 9.36 | -1.44 | -2.29 | -2.46 |
| OPM % | 10.7% | 47.5% | 42.1% | -1.4% | 3.4% | 50% | 3.7% | -26% | 16.1% | -4.6% | -147.2% | -11.1% |
| Profit Before Tax + | 4.68 | 10.84 | 12.66 | -0.93 | 1.61 | 15.07 | 2.77 | -8.66 | 9.36 | -1.20 | -1.65 | -1.92 |
| Tax Expense | 4.68 | 2.75 | 3.54 | -0.42 | 0.40 | 3.79 | 0.71 | -1.96 | 2.35 | -0.30 | -0.39 | -0.32 |
| Tax % | 100% | 25.3% | 28% | - | 24.7% | 25.2% | 25.4% | - | 25.2% | - | - | - |
| Profit After Tax | 0.00 | 8.10 | 9.12 | -0.51 | 1.21 | 11.28 | 2.07 | -6.71 | 7.00 | -0.90 | -1.26 | -1.60 |
| EPS (Basic) | 11.43 | 26.99 | 30.40 | -1.72 | 4.05 | 37.58 | 6.89 | -22.36 | 23.34 | -3.00 | -4.22 | -5.34 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 112.68 | 185.49 | 161.32 | 76.13 | 83.08 | 48.29 |
| YOY Revenue Growth % | -39.25% | 14.98% | 111.9% | -8.37% | 72.04% | - |
| Other Income | 1.41 | 0.02 | 0.10 | 0.02 | 0.26 | 0.00 |
| Total Income | 114.08 | 185.51 | 161.43 | 76.16 | 83.34 | 48.29 |
| Total Expenses + | 109.50 | 174.72 | 134.18 | 80.71 | 69.32 | 32.55 |
| Employee Benefit Expense | 1.71 | 1.98 | 1.81 | 1.73 | 0.77 | 0.43 |
| Other Expenses | 1.21 | 1.66 | 1.17 | 1.16 | 0.90 | 0.31 |
| Operating Profit | 3.17 | 10.77 | 27.14 | -4.58 | 13.76 | 15.74 |
| OPM % | 2.8% | 5.8% | 16.8% | -6% | 16.6% | 32.6% |
| Profit Before Exceptional | 4.58 | 10.79 | 27.24 | -4.56 | 14.01 | 0.00 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 4.58 | 10.79 | 27.24 | -4.56 | 14.01 | 15.74 |
| Tax Expense | 1.34 | 2.94 | 7.12 | -0.80 | 2.41 | 15.74 |
| Tax % | 29.4% | 27.2% | 26.1% | - | 17.2% | 100% |
| Profit After Tax | 3.24 | 7.85 | 20.13 | -3.76 | 11.61 | 0.00 |
| EPS (Basic) | 10.79 | 26.17 | 67.09 | -12.53 | 38.69 | 34.32 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 0.00 | 1.19 | 1.33 | 1.34 | 0.35 | 0.25 |
| Property, Plant & Equipment | 0.00 | 1.12 | 1.31 | 1.34 | 0.35 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 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 | 0.05 | 0.02 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 58.72 | 62.21 | 48.51 | 25.20 | 35.59 | 21.22 |
| Inventories | 6.00 | 60.20 | 33.50 | 21.07 | 34.40 | 19.99 |
| Trade Receivables | 0.00 | 0.00 | 4.06 | 0.17 | 0.00 | 0.00 |
| Cash and Cash Equivalents | 30.08 | 1.71 | 10.34 | 1.10 | 0.44 | 0.49 |
| Current Investments | 18.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 57.55 | 54.21 | 46.43 | 26.38 | 30.21 | 0.00 |
| Equity Share Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 0.00 |
| Other Equity | 54.55 | 51.21 | 43.43 | 23.38 | 27.21 | 0.00 |
| Non-Current Liabilities | 0.03 | 1.21 | 2.91 | 0.74 | 0.29 | 2.74 |
| Current Liabilities | 1.14 | 7.98 | 0.50 | 0.39 | 5.44 | 0.13 |
| Total Liabilities | 1.17 | 9.19 | 3.41 | 1.13 | 5.73 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 45.38 | -7.83 | 9.83 | 1.45 | 0.06 | 0.00 |
| Cash from Investing Activities | -16.14 | -0.13 | -0.16 | -1.14 | 0.09 | 0.00 |
| Cash from Financing Activities | -0.87 | -0.67 | -0.43 | 0.35 | -0.19 | 0.00 |
| Net Increase/Decrease in Cash | 28.37 | -8.63 | 9.24 | 0.66 | -0.04 | 0.00 |