Copy of Newspaper Advertisement published on 12 June 2026 pertaining to Transfer of Securities to IEPF
This is to inform that Mr. Shivhari Magar has tendered his resignation from post of Associate Director of Corporate affairs w.e.f close of working hours of 05th June 2026
Postal ballot Notice dated 29th May 2025 to transact the business contained in the notice.
Approval of Financial result for the quarter ended on 31st March 2026 Recommend the dividend of Rs. 10 each
Management letter on financial result for the quarter/ year ended on 31st March 2026
- Approved the audited financial results of the Company for the quarter and year ended 31 March 2026 along with Modified Auditor’s report issued by M/s. Kalyaniwalla & Mistry LLP. (Enclosed herewith as Annexure — A) and the statement on impact of audit qualification is attached as Annexure B. - The recommendation of payment of Final Dividend of Rs 10 per equity share on 25,66,000 equity shares (Face Value INR 10 each fully paid up) for the financial year ended on 31 March 2026 and the same shall be payable subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.
we hereby inform you that meeting of board of director is scheduled on 29 May 2026 to consider proposal to recommend dividend
audited financial results for quarter and year ended 31 march 2026 and also consider and recommend dividend
Scrutinizer report of postal ballot ended on 04 may 2026
outcome of Postal ballot ended on 04 May 2026.
| Particulars | Mar 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 | 109.62 | 144.99 | 132.68 | 108.91 | 85.29 | 156.70 | 178.68 | 133.74 | 121.11 | 132.87 | 176.98 | 117.69 |
| YOY Revenue Growth % | 9.05% | 22.26% | -6.54% | 3.25% | -22.2% | 8.08% | 34.67% | 22.8% | 42% | -15.21% | -0.95% | -12% |
| Other Income | 3.34 | 4.83 | 4.25 | 3.79 | 2.24 | 6.49 | 4.81 | 5.07 | 4.11 | 5.71 | 6.81 | 6.34 |
| Total Income | 112.96 | 149.81 | 136.93 | 112.70 | 87.53 | 163.19 | 183.48 | 138.81 | 125.22 | 138.57 | 183.80 | 124.03 |
| Total Expenses + | 100.59 | 134.61 | 128.60 | 109.32 | 92.47 | 149.47 | 165.31 | 131.37 | 114.18 | 133.64 | 159.91 | 115.89 |
| Cost of Materials Consumed | 74.43 | 83.34 | 82.72 | 72.22 | 69.33 | 103.07 | 98.63 | 89.90 | 84.82 | 83.34 | 99.83 | 89.68 |
| Employee Benefit Expense | 8.39 | 9.14 | 10.44 | 11.51 | 10.48 | 11.59 | 11.87 | 14.85 | 11.78 | 13.19 | 13.75 | 11.94 |
| Other Expenses | 19.09 | 23.46 | 22.63 | 21.98 | 20.15 | 25.17 | 26.93 | 23.94 | 21.55 | 22.41 | 25.11 | 24.29 |
| Operating Profit | 9.03 | 10.37 | 4.08 | -0.41 | -7.18 | 7.23 | 13.37 | 2.37 | 6.94 | -0.78 | 17.08 | 1.80 |
| OPM % | 8.2% | 7.2% | 3.1% | -0.4% | -8.4% | 4.6% | 7.5% | 1.8% | 5.7% | -0.6% | 9.6% | 1.5% |
| Profit Before Tax + | 12.37 | 15.20 | 8.33 | 3.38 | -4.94 | 13.72 | 18.18 | 7.44 | 11.05 | 4.93 | 23.43 | 8.14 |
| Tax Expense | 3.25 | 3.84 | 2.09 | 0.83 | -1.25 | 3.65 | 5.15 | 1.24 | 2.86 | 1.31 | 5.95 | 2.13 |
| Tax % | 26.2% | 25.3% | 25% | 24.6% | - | 26.6% | 28.3% | 16.7% | 25.9% | 26.6% | 25.4% | 26.2% |
| Profit After Tax | 9.13 | 11.36 | 6.25 | 2.55 | -3.69 | 10.08 | 13.03 | 6.19 | 8.19 | 3.62 | 17.49 | 6.01 |
| EPS (Basic) | 35.57 | 44.27 | 24.34 | 9.92 | -14.40 | 39.27 | 101.56 | 24.14 | 31.91 | 14.11 | 68.14 | 23.41 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 548.66 | 554.41 | 540.32 | 475.66 | 372.09 | 385.31 | 425.77 |
| YOY Revenue Growth % | -1.04% | 2.61% | 13.59% | 27.84% | -3.43% | -9.5% | - |
| Other Income | 22.97 | 18.61 | 17.88 | 13.77 | 13.47 | 18.98 | 29.06 |
| Total Income | 571.62 | 573.02 | 558.20 | 489.43 | 385.56 | 404.29 | 454.83 |
| Total Expenses + | 523.62 | 538.62 | 502.66 | 448.66 | 371.08 | 351.71 | 384.24 |
| Cost of Materials Consumed | 357.67 | 360.93 | 330.57 | 306.71 | 248.20 | 248.09 | 286.30 |
| Employee Benefit Expense | 50.65 | 48.78 | 39.05 | 31.72 | 32.19 | 29.74 | 31.44 |
| Other Expenses | 93.36 | 96.18 | 87.96 | 81.26 | 60.31 | 58.28 | 66.51 |
| Operating Profit | 25.04 | 15.79 | 37.67 | 27.00 | 1.01 | 33.60 | 41.53 |
| OPM % | 4.6% | 2.8% | 7% | 5.7% | 0.3% | 8.7% | 9.8% |
| Profit Before Exceptional | 48.00 | 34.40 | 55.54 | 40.77 | 14.48 | 52.58 | 53.35 |
| Exceptional Items | -0.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 47.55 | 34.40 | 55.54 | 40.77 | 14.48 | 52.58 | 53.35 |
| Tax Expense | 12.25 | 8.79 | 14.02 | 10.56 | 4.15 | 13.23 | 12.49 |
| Tax % | 25.8% | 25.5% | 25.2% | 25.9% | 28.7% | 25.2% | 23.4% |
| Profit After Tax | 35.30 | 25.61 | 41.52 | 30.21 | 10.33 | 39.34 | 40.86 |
| EPS (Basic) | 137.57 | 99.80 | 161.80 | 117.73 | 40.25 | 153.32 | 159.24 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 232.58 | 245.92 | 266.46 | 275.88 | 271.80 | 247.77 | 0.00 |
| Property, Plant & Equipment | 205.37 | 215.50 | 237.61 | 206.29 | 188.63 | 178.30 | 0.00 |
| Capital Work in Progress | 11.04 | 21.45 | 18.75 | 53.86 | 61.69 | 42.45 | 0.00 |
| Non-Current Investments | 0.00 | 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 | 0.00 |
| Other Intangible Assets | 0.49 | 0.54 | 0.66 | 0.81 | 0.24 | 0.27 | 0.00 |
| Current Assets + | 242.53 | 209.11 | 180.24 | 185.14 | 159.01 | 199.74 | 0.00 |
| Inventories | 107.68 | 88.85 | 90.26 | 86.81 | 66.35 | 69.28 | 0.00 |
| Trade Receivables | 71.15 | 74.00 | 58.91 | 57.99 | 54.45 | 54.34 | 0.00 |
| Cash and Cash Equivalents | 27.30 | 15.35 | 8.54 | 13.49 | 3.96 | 34.82 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 342.01 | 311.31 | 286.57 | 243.49 | 217.18 | 206.62 | 0.00 |
| Equity Share Capital | 2.57 | 2.57 | 2.57 | 2.57 | 2.57 | 2.57 | 0.00 |
| Other Equity | 339.44 | 308.75 | 284.01 | 240.93 | 214.61 | 204.05 | 0.00 |
| Non-Current Liabilities | 38.78 | 65.59 | 78.33 | 92.19 | 108.06 | 120.73 | 0.00 |
| Current Liabilities | 94.33 | 78.13 | 81.80 | 125.33 | 105.58 | 120.16 | 0.00 |
| Total Liabilities | 133.11 | 143.72 | 160.13 | 217.52 | 213.64 | 240.89 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 59.00 | 39.21 | 66.78 | 61.07 | 64.96 | 40.06 | 0.00 |
| Cash from Investing Activities | -6.34 | -12.43 | -16.08 | -33.73 | -46.64 | -56.11 | 0.00 |
| Cash from Financing Activities | -40.71 | -19.98 | -55.66 | -17.81 | -49.18 | 43.19 | 0.00 |
| Net Increase/Decrease in Cash | 11.95 | 6.81 | -4.95 | 9.53 | -30.86 | 27.14 | 0.00 |