Newspaper Publication
Results as on March 31, 2026
Outcome of Board meeting
Completion of term of Mr. Dhruvin Bharat Shah, Independent Director w.e.f 27th May, 2026 end of the day.
Appointment of Mr. Jash Amit Adani (DIN: 11746006), as an Additional Director in the category of (Non-Executive-Independent Director) of the Company w.e.f. 28th May, 2026. The term of his appointment as an Independent Director will be for a period of 5 (Five) years and the appointment is subject to the approval of shareholders of the Company ; & Reconstitution of various committees of board due to appointment of new non-executive independent directors of the company in compliance with the requirements of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
Under Reg.-30 - Change in Management - Appointment of Independent Director - Mr. Jash Amit Adani
Annual Secretarial Compliance under Reg.24(A)for the year ended 31st March, 2026
the Standalone and Consolidated Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2026; & the appointment of M/s. Viral P Shah & Co., Chartered Accountants, Ahmedabad, as an Internal Auditor of the Company for F.Y.2026-27; & Any other matter with the permission of the Chair
Compliance Certificate For Qtr. ended March 2026
| 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 | 172.57 | 179.35 | 175.11 | 154.13 | 150.05 | 183.56 | 196.91 | 143.17 | 135.27 | 237.73 | 195.88 | 216.40 |
| YOY Revenue Growth % | -16.82% | -33.42% | -24.22% | 10.3% | -13.05% | 2.35% | 12.45% | -7.11% | -9.85% | 29.51% | -0.52% | 51.14% |
| Other Income | 0.34 | 1.64 | 1.29 | 1.51 | 1.20 | 1.56 | 1.53 | 1.57 | 1.35 | 1.44 | 0.42 | 7.64 |
| Total Income | 172.92 | 180.99 | 176.41 | 155.64 | 151.25 | 185.12 | 198.44 | 144.75 | 136.62 | 239.16 | 196.31 | 224.03 |
| Total Expenses + | 166.64 | 181.49 | 176.37 | 154.55 | 142.41 | 184.40 | 194.14 | 147.55 | 129.38 | 231.20 | 194.96 | 224.67 |
| Cost of Materials Consumed | 158.14 | 169.01 | 184.86 | 152.20 | 128.64 | 165.28 | 202.25 | 167.13 | 129.38 | 212.40 | 210.19 | 231.36 |
| Employee Benefit Expense | 1.45 | 1.12 | 1.19 | 1.25 | 1.07 | 1.25 | 1.12 | 1.38 | 1.37 | 1.33 | 1.29 | 1.36 |
| Other Expenses | 1.69 | 0.98 | 0.80 | 1.18 | 0.82 | 1.09 | 0.71 | 1.89 | 1.09 | 1.02 | 0.92 | 2.99 |
| Operating Profit | 5.93 | -2.14 | -1.26 | -0.42 | 7.65 | -0.84 | 2.77 | -4.38 | 5.89 | 6.53 | 0.92 | -8.27 |
| OPM % | 3.4% | -1.2% | -0.7% | -0.3% | 5.1% | -0.5% | 1.4% | -3.1% | 4.4% | 2.7% | 0.5% | -3.8% |
| Profit Before Tax + | 6.27 | -0.50 | 0.04 | 1.10 | 8.84 | 0.72 | 4.31 | -2.80 | 7.24 | 7.96 | 1.34 | -0.64 |
| Tax Expense | 1.57 | -0.13 | 0.01 | 0.37 | 2.17 | 0.18 | 1.08 | 0.35 | 1.89 | 1.97 | 0.29 | 0.24 |
| Tax % | 25% | - | 25% | 33.5% | 24.5% | 25% | 25.1% | - | 26% | 24.7% | 21.2% | - |
| Profit After Tax | 4.71 | -0.38 | 0.03 | 0.73 | 6.68 | 0.54 | 3.23 | -3.15 | 5.35 | 6.00 | 1.06 | -0.87 |
| EPS (Basic) | 2.25 | -0.18 | 0.01 | 0.35 | 3.20 | 0.26 | 1.54 | -1.51 | 2.56 | 2.87 | 0.51 | -0.42 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 785.27 | 673.70 | 681.17 | 847.66 | 841.19 | 575.40 |
| YOY Revenue Growth % | 16.56% | -1.1% | -19.64% | 0.77% | 46.19% | - |
| Other Income | 10.84 | 5.86 | 4.78 | 4.03 | 8.34 | 4.36 |
| Total Income | 796.12 | 679.56 | 685.95 | 851.69 | 849.53 | 579.76 |
| Total Expenses + | 780.21 | 668.50 | 679.05 | 844.87 | 838.80 | 571.30 |
| Cost of Materials Consumed | 783.33 | 663.29 | 664.21 | 825.89 | 21.68 | 538.99 |
| Employee Benefit Expense | 5.34 | 4.83 | 5.01 | 4.43 | 4.91 | 3.91 |
| Other Expenses | 6.02 | 4.51 | 4.65 | 5.08 | 4.18 | 3.25 |
| Operating Profit | 5.07 | 5.20 | 2.12 | 2.79 | 2.39 | 4.10 |
| OPM % | 0.6% | 0.8% | 0.3% | 0.3% | 0.3% | 0.7% |
| Profit Before Exceptional | 15.91 | 11.07 | 6.91 | 6.82 | 10.73 | 8.46 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 15.91 | 11.07 | 6.91 | 6.82 | 10.73 | 8.46 |
| Tax Expense | 4.28 | 3.78 | 1.82 | 1.72 | 2.66 | 2.44 |
| Tax % | 26.9% | 34.1% | 26.4% | 25.2% | 24.8% | 28.9% |
| Profit After Tax | 11.63 | 7.29 | 5.09 | 5.10 | 8.07 | 6.02 |
| EPS (Basic) | 5.53 | 3.49 | 2.44 | 2.44 | 3.87 | 2.88 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 11.74 | 14.85 | 19.74 | 37.66 | 15.05 | 15.21 |
| Property, Plant & Equipment | 1.03 | 0.91 | 6.34 | 4.76 | 4.83 | 5.06 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.06 | 0.08 | 0.05 | 0.10 | 0.06 | 0.13 |
| Current Assets + | 213.17 | 204.76 | 205.77 | 200.90 | 229.99 | 211.10 |
| Inventories | 109.08 | 77.57 | 76.44 | 75.77 | 85.83 | 76.87 |
| Trade Receivables | 60.35 | 53.96 | 55.37 | 92.26 | 85.97 | 89.15 |
| Cash and Cash Equivalents | 0.74 | 0.87 | 9.42 | 11.93 | 8.78 | 3.74 |
| Current Investments | 0.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 142.31 | 130.83 | 123.43 | 118.27 | 113.23 | 105.05 |
| Equity Share Capital | 20.84 | 20.84 | 20.84 | 20.84 | 20.84 | 20.84 |
| Other Equity | 121.48 | 109.99 | 102.60 | 97.43 | 92.39 | 84.21 |
| Non-Current Liabilities | 1.75 | 3.61 | 9.06 | 18.96 | 19.71 | 0.34 |
| Current Liabilities | 80.84 | 85.17 | 93.02 | 101.32 | 112.10 | 120.91 |
| Total Liabilities | 82.59 | 88.78 | 102.08 | 120.28 | 131.80 | 121.26 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 7.84 | 0.35 | 7.48 | 11.67 | 6.84 | -3.36 |
| Cash from Investing Activities | 2.97 | 11.17 | 0.09 | 2.31 | 2.73 | 6.91 |
| Cash from Financing Activities | -19.80 | -21.41 | -25.33 | -16.75 | 2.26 | 9.23 |
| Net Increase/Decrease in Cash | -8.99 | -9.89 | -17.76 | -2.78 | 11.83 | 12.77 |