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Notice of Postal Ballot
Annual Secretarial Compliance Report for the financial year ended on March 31, 2026
Investor Presentation for the Quarter and Year ended March 31, 2026.
Please refer the attachment
Board has recommended final dividend of Re. 1/- per share for the financial year 2025-26
Audit Financial Results for the financial year ended March 31, 2026
We are pleased to inform you that the Board of Directors in their meeting held on May 23, 2026 has approved the following: 1. Audited Standalone Financial Results for the quarter/ year ended March 31, 2026, Statement of Assets and Liabilities as on that date and Statement of Cash Flows for the year ended March 31, 2026 along with Auditors' Report on Standalone Financial Results. We further declare that the Auditors have issued their Audit Report with unmodified opinion. 2. Audited Consolidated Financial Results for the quarter/ year ended March 31, 2026, Statement of Assets and Liabilities as on that date and Statement of Cash Flows for the year ended March 31, 2026 along with Auditors' Report on Consolidated Financial Results. We further declare that the Auditors have issued their Audit Report with unmodified opinion.
Please note that a meeting of the Board of Directors is scheduled to be held on Saturday, May 23, 2026, inter alia, to consider Audited Financial Results of the Company (Standalone and Consolidated) for the quarter/ year ended March 31, 2026; and to consider recommendation of final dividend for the Financial Year 2025-26.
Cessation of Mr. Ranjit Singh as an Independent Director w.e.f. May 11, 2026, upon completion of his second term of five years.
| 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 | 1,560.52 | 1,572.09 | 1,495.57 | 1,678.69 | 1,685.60 | 1,738.86 | 1,721.16 | 1,739.56 | 1,738.67 | 1,794.04 | 1,682.43 | 1,870.72 |
| YOY Revenue Growth % | -23.22% | -24.75% | -19.74% | 0.7% | 8.02% | 10.61% | 15.08% | 3.63% | 3.15% | 3.17% | -2.25% | 7.54% |
| Other Income | 12.42 | 23.59 | 44.67 | 16.79 | 25.92 | 100.35 | 107.45 | 17.73 | 29.79 | 22.77 | 27.26 | 61.86 |
| Total Income | 1,572.94 | 1,595.68 | 1,540.24 | 1,695.48 | 1,711.52 | 1,839.21 | 1,828.61 | 1,757.29 | 1,768.46 | 1,816.81 | 1,709.69 | 1,932.58 |
| Total Expenses + | 1,585.76 | 1,536.55 | 1,531.77 | 1,674.35 | 1,604.11 | 1,637.22 | 1,687.06 | 1,762.90 | 1,839.06 | 1,793.35 | 1,684.72 | 1,890.02 |
| Cost of Materials Consumed | 959.01 | 977.88 | 1,019.80 | 1,039.95 | 1,061.68 | 1,173.97 | 1,036.59 | 1,057.12 | 1,093.05 | 1,079.83 | 1,021.59 | 1,137.81 |
| Employee Benefit Expense | 133.92 | 137.63 | 140.59 | 173.76 | 148.72 | 148.26 | 158.52 | 160.16 | 181.45 | 185.32 | 199.78 | 196.09 |
| Other Expenses | 320.34 | 284.01 | 329.52 | 314.20 | 310.44 | 313.76 | 337.98 | 426.01 | 498.35 | 375.53 | 333.19 | 366.54 |
| Operating Profit | -25.24 | 35.54 | -36.20 | 4.34 | 81.49 | 101.64 | 34.10 | -23.34 | -100.39 | 0.69 | -2.29 | -19.30 |
| OPM % | -1.6% | 2.3% | -2.4% | 0.3% | 4.8% | 5.8% | 2% | -1.3% | -5.8% | 0% | -0.1% | -1% |
| Profit Before Tax + | -12.82 | 59.13 | 8.47 | 21.13 | 107.41 | 201.99 | 141.55 | -5.61 | -70.60 | 23.46 | 24.97 | 42.56 |
| Tax Expense | -2.51 | 10.88 | -8.60 | -10.24 | 10.28 | 37.88 | 36.42 | 3.04 | -10.79 | -10.04 | -4.64 | 4.93 |
| Tax % | - | 18.4% | -101.5% | -48.5% | 9.6% | 18.8% | 25.7% | - | - | -42.8% | -18.6% | 11.6% |
| Profit After Tax | -10.31 | 48.25 | 17.07 | 31.37 | 97.13 | 164.11 | 105.13 | -8.65 | -59.81 | 33.50 | 29.61 | 37.63 |
| EPS (Basic) | -0.99 | 8.90 | 1.47 | 2.68 | 17.05 | 27.97 | 18.40 | 3.22 | -6.15 | 7.87 | 4.70 | 7.90 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 7,085.86 | 6,885.18 | 6,306.87 | 7,652.28 | 6,624.40 | 4,918.27 | 4,487.10 |
| YOY Revenue Growth % | 2.91% | 9.17% | -17.58% | 15.52% | 34.69% | 9.61% | - |
| Other Income | 87.57 | 95.38 | 60.26 | 95.19 | 127.98 | 59.05 | 61.40 |
| Total Income | 7,173.43 | 6,980.56 | 6,367.13 | 7,747.47 | 6,752.38 | 4,977.32 | 4,548.50 |
| Total Expenses + | 7,153.04 | 6,535.22 | 6,291.22 | 7,036.65 | 5,605.51 | 3,998.80 | 3,620.10 |
| Cost of Materials Consumed | 4,332.28 | 4,329.36 | 3,996.64 | 4,568.17 | 3,782.17 | 2,365.20 | 2,423.72 |
| Employee Benefit Expense | 762.64 | 615.66 | 585.90 | 490.49 | 482.44 | 424.49 | 387.22 |
| Other Expenses | 1,519.50 | 1,232.12 | 1,210.86 | 1,421.64 | 1,210.45 | 850.01 | 809.16 |
| Operating Profit | -67.18 | 349.96 | 15.65 | 615.63 | 1,018.89 | 919.47 | 867.00 |
| OPM % | -0.9% | 5.1% | 0.2% | 8% | 15.4% | 18.7% | 19.3% |
| Profit Before Exceptional | 20.39 | 445.34 | 75.91 | 710.82 | 1,146.87 | 978.52 | 570.77 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 69.41 |
| Profit Before Tax + | 20.39 | 445.34 | 75.91 | 710.82 | 1,146.87 | 978.52 | 640.18 |
| Tax Expense | -20.54 | 87.62 | -10.47 | 95.28 | 182.04 | 116.55 | 146.36 |
| Tax % | -100.7% | 19.7% | -13.8% | 13.4% | 15.9% | 11.9% | 22.9% |
| Profit After Tax | 40.93 | 357.72 | 86.38 | 615.54 | 964.83 | 861.97 | 493.82 |
| EPS (Basic) | 14.32 | 66.64 | 12.05 | 110.97 | 181.19 | 162.57 | 88.18 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 4,750.73 | 4,366.10 | 4,056.74 | 3,736.82 | 3,601.11 | 3,466.02 | 0.00 |
| Property, Plant & Equipment | 4,194.87 | 3,939.44 | 2,997.55 | 3,248.65 | 3,148.76 | 2,755.66 | 0.00 |
| Capital Work in Progress | 70.00 | 36.47 | 627.72 | 195.61 | 125.96 | 325.30 | 0.00 |
| Non-Current Investments | 113.67 | 225.51 | 289.66 | 142.41 | 136.47 | 197.08 | 0.00 |
| Goodwill | 0.44 | 0.33 | 0.25 | 0.29 | 0.25 | 0.27 | 0.00 |
| Other Intangible Assets | 26.79 | 0.00 | 0.03 | 0.09 | 0.04 | 0.12 | 0.00 |
| Current Assets + | 4,163.04 | 3,632.12 | 3,374.52 | 3,659.95 | 3,644.54 | 2,710.72 | 0.00 |
| Inventories | 1,712.01 | 1,565.96 | 1,346.23 | 1,362.94 | 1,308.51 | 814.28 | 0.00 |
| Trade Receivables | 1,124.96 | 1,016.19 | 971.27 | 921.47 | 1,103.59 | 670.42 | 0.00 |
| Cash and Cash Equivalents | 323.22 | 400.78 | 463.30 | 964.55 | 804.38 | 435.83 | 0.00 |
| Current Investments | 233.96 | 114.78 | 84.59 | 133.04 | 139.05 | 90.72 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 7,036.63 | 6,221.10 | 5,811.58 | 5,769.28 | 5,322.64 | 4,808.40 | 0.00 |
| Equity Share Capital | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 0.00 |
| Other Equity | 4,207.94 | 3,731.23 | 3,479.16 | 3,450.97 | 3,284.43 | 3,021.23 | 0.00 |
| Non-Current Liabilities | 272.10 | 472.45 | 483.35 | 516.87 | 625.92 | 452.75 | 0.00 |
| Current Liabilities | 1,605.04 | 1,304.67 | 1,136.33 | 1,110.62 | 1,297.09 | 915.59 | 0.00 |
| Total Liabilities | 1,877.14 | 1,777.12 | 1,619.68 | 1,627.49 | 1,923.01 | 1,368.34 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 536.85 | 438.03 | 455.23 | 801.51 | 560.02 | 1,102.42 | 0.00 |
| Cash from Investing Activities | -508.96 | -473.06 | -796.39 | -114.93 | 1.06 | -436.14 | 0.00 |
| Cash from Financing Activities | -132.73 | -37.54 | -152.21 | -656.96 | -232.23 | -659.63 | 0.00 |
| Net Increase/Decrease in Cash | -76.20 | -63.88 | -501.25 | 160.17 | 368.55 | -8.06 | 0.00 |