ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026.
Newspaper Publication for Audited Financial Results for the Quarter and Financial Year ended 31st March, 2026
AUDITED FINANCIAL RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31-MARCH-2026
THE BOARD OF DIRECTORS HAVE CONSIDERED AND APPROVED THE APPOINTMENT OF M/S. K R & ASSOCIATES, CHARTERED ACCOUNTANTS, VADODARA, AS THE INTERNAL AUDITORS OF THE COMPANY FOR THE F.Y. 2026-27.
THE BOARD OF DIRECTORS OF THE COMPANY IN THEIR BOARD MEETING HELD ON 21-MAY-2026 HAVE RECOMMENDED FINAL DIVIDEND AT 10%. I.E. RS. 1/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH FOR THE YEAR ENDED 31ST MARCH, 2026 SUBJECT TO APPROVAL OF SHAREHOLDERS IN THEIR FORTHCOMING ANNUAL GENERAL MEETING.
THE BOARD OF DIRECTORS IN THEIR BOARD MEETING HELD ON 21-MAY-2026 HAVE APPROVED INTER-ALIA, AUDITED FINANCIAL RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31ST MARCH, 2026
Pursuant to the provisions of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 21st May, 2026 at 11:30 a.m. at the Registered Office of the Company situated at “Gold Coin House”, 776, G.I.D.C., Makarpura, Vadodara-390010, Gujarat, to consider the businesses as mentioned in the Notice attached herewith.
Confirmation pertaining to Non-Applicability of SEBI Circulars w.r.t. Fund raising by issuance of Debt Securities by Large Entities is attached herewith.
COMPLIANCE CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATIONS, 2018
Compliance Disclosure under Reg. 31(4) and Reg. 31(5) of SEBI (SAST) Regulations, 2011 for the Financial Year ended 31st March, 2026 is attached herewith.
| Particulars | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Mar 2024 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 13.10 | 21.21 | 22.55 | 26.58 | 14.40 | 20.52 | 14.81 | 19.48 | 12.26 | 17.79 | 16.40 | 14.97 |
| YOY Revenue Growth % | - | - | 31.48% | 19.23% | 9.92% | -3.23% | -34.33% | -26.69% | -14.91% | -13.31% | 10.71% | -23.16% |
| Other Income | 0.09 | 0.08 | 0.15 | 0.17 | 0.14 | 0.16 | 0.16 | 0.17 | 0.18 | 0.24 | 0.21 | 0.23 |
| Total Income | 13.20 | 21.29 | 22.70 | 26.75 | 14.55 | 20.68 | 14.97 | 19.65 | 12.44 | 18.03 | 16.60 | 15.20 |
| Total Expenses + | 12.66 | 19.76 | 21.30 | 25.46 | 14.03 | 19.43 | 14.85 | 19.47 | 13.16 | 17.29 | 15.81 | 15.12 |
| Cost of Materials Consumed | 11.12 | 14.66 | 16.20 | 18.74 | 13.46 | 14.37 | 12.00 | 12.95 | 10.58 | 12.31 | 13.98 | 11.03 |
| Employee Benefit Expense | 1.40 | 1.59 | 1.44 | 1.95 | 1.60 | 1.65 | 1.48 | 1.49 | 1.46 | 1.50 | 1.54 | 1.66 |
| Other Expenses | 1.87 | 2.52 | 2.74 | 2.75 | 2.14 | 2.25 | 2.20 | 2.20 | 1.79 | 1.92 | 2.24 | 2.12 |
| Operating Profit | 0.44 | 1.44 | 1.25 | 1.11 | 0.37 | 1.09 | -0.04 | 0.01 | -0.91 | 0.51 | 0.59 | -0.15 |
| OPM % | 3.4% | 6.8% | 5.5% | 4.2% | 2.6% | 5.3% | -0.3% | 0.1% | -7.4% | 2.8% | 3.6% | -1% |
| Profit Before Tax + | 0.54 | 1.52 | 1.40 | 1.28 | 0.51 | 1.25 | 0.12 | 0.18 | -0.73 | 0.74 | 0.80 | 0.08 |
| Tax Expense | 0.13 | 0.38 | 0.32 | 0.46 | 0.14 | 0.40 | 0.03 | -0.04 | -0.18 | 0.23 | 0.29 | 0.17 |
| Tax % | 24.8% | 25% | 22.7% | 36.1% | 26.9% | 31.6% | 28.3% | -22.7% | - | 30.3% | 35.9% | 211.7% |
| Profit After Tax | 0.40 | 1.14 | 1.08 | 0.82 | 0.38 | 0.86 | 0.09 | 0.22 | -0.54 | 0.52 | 0.51 | -0.09 |
| EPS (Basic) | 0.84 | 2.39 | 1.91 | 1.44 | 0.07 | 1.53 | 0.15 | 0.39 | -0.97 | 0.93 | 0.91 | -0.16 |
| Particulars | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Revenue from Operations | 59.04 | 69.22 | 83.44 | 60.89 |
| YOY Revenue Growth % | -14.7% | -17.04% | 37.03% | - |
| Other Income | 0.66 | 0.63 | 0.49 | 0.53 |
| Total Income | 59.71 | 69.85 | 83.93 | 61.42 |
| Total Expenses + | 58.57 | 67.79 | 79.19 | 57.77 |
| Cost of Materials Consumed | 43.60 | 52.78 | 60.73 | 42.93 |
| Employee Benefit Expense | 5.71 | 6.21 | 6.38 | 5.37 |
| Other Expenses | 7.24 | 8.79 | 9.88 | 7.32 |
| Operating Profit | 0.47 | 1.43 | 4.25 | 3.12 |
| OPM % | 0.8% | 2.1% | 5.1% | 5.1% |
| Profit Before Exceptional | 1.14 | 2.06 | 4.74 | 3.65 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 1.14 | 2.06 | 4.74 | 3.65 |
| Tax Expense | 0.41 | 0.53 | 1.30 | 0.87 |
| Tax % | 36.4% | 25.5% | 27.4% | 23.9% |
| Profit After Tax | 0.72 | 1.54 | 3.45 | 2.78 |
| EPS (Basic) | 1.29 | 2.77 | 6.58 | 5.81 |
| Particulars | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| Non-Current Assets + | 23.09 | 19.95 | 20.42 | 16.96 |
| Property, Plant & Equipment | 16.25 | 16.39 | 16.83 | 13.61 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.23 |
| Non-Current Investments | 0.61 | 0.00 | 0.03 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.08 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 18.25 | 23.27 | 24.68 | 19.99 |
| Inventories | 11.13 | 13.45 | 12.72 | 11.12 |
| Trade Receivables | 2.65 | 1.59 | 2.77 | 0.00 |
| Cash and Cash Equivalents | 0.03 | 0.02 | 1.02 | 3.18 |
| Current Investments | 0.00 | 0.00 | 0.00 | 1.48 |
| LIABILITIES & EQUITY | ||||
| Total Equity | 25.36 | 25.18 | 24.15 | 16.20 |
| Equity Share Capital | 5.60 | 5.60 | 5.60 | 4.78 |
| Other Equity | 19.76 | 19.58 | 18.55 | 11.42 |
| Non-Current Liabilities | 0.00 | 4.48 | 0.28 | 0.49 |
| Current Liabilities | 15.98 | 13.57 | 20.67 | 20.26 |
| Total Liabilities | 15.98 | 18.05 | 20.95 | 20.75 |
| Particulars | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Cash from Operating Activities | 3.47 | 2.05 | 3.46 | 9.11 |
| Cash from Investing Activities | 0.71 | -0.25 | -10.19 | -5.11 |
| Cash from Financing Activities | -4.17 | -2.80 | 4.58 | -1.73 |
| Net Increase/Decrease in Cash | 0.02 | -1.00 | -2.16 | 2.27 |