Outcome of the Board Meeting held today i.e. May 29, 2026 held at 01.00 p.m. and concluded 03.00 p.m. for consideration and approval of Financial Results for the financial year ended March 31, 2026.
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The board approved the annual audited standalone financial results for FY ended March 2026. The company reported a significant decline in total income from operations to Rs 66.47 lakh from Rs 164.71 lakh in FY25 (approximately 60% decline). Net loss after tax widened to Rs 31.29 lakh from Rs 17.07 lakh loss in the previous year. The auditors from B.L. Dasharda & Associates issued an unmodified opinion. Non-current investments surged dramatically from Rs 21.48 lakh to Rs 429.39 lakh due to first-time implementation of NAV-based fair valuation for investments in associate companies (Seksaria Industries and Seksaria Confectionaries). The board also approved promotion of Mr. Vinay Seksaria to Managing Director and appointed his wife Mrs. Radhika Seksaria as Additional Director.
The company is burning cash with widening losses and declining revenues, which is negative for shareholders. However, the positive other comprehensive income from associate revaluation inflated total comprehensive income to Rs 348.63 lakh, masking operational weakness. The family-run management restructuring may provide stability but raises governance considerations given the related-party nature of appointments.