Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e., ....
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The Board approved audited financial results for Q4 and FY ended March 2026. Revenue declined sharply to Rs 5,699.13 Lakhs from Rs 15,512.95 Lakhs in FY25 (down about 63%). PAT fell to Rs 36.06 Lakhs from Rs 331.79 Lakhs (down about 89%). The auditors flagged concerns: Trade Receivables at 72.24% of revenue indicating very high collection periods, inability to verify certain distributor transactions due to party-wise vs total accounting, and a large Distribution Commission/Incentive/Bonus of Rs 23.22 crore. The company also appointed M/s. Princy Mehta & Associates as Internal Auditor for FY 2026-27.
The sharp revenue and profit decline raises concerns about business performance. High receivables and auditor concerns about transaction verification add further risk. Existing shareholders should monitor collection efficiency and transaction transparency closely.