Outcome of Board Meeting held on 30.05.2026
Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for FY26 ending March 31, 2026. The company reported a net loss of Rs. 274.28 lakhs (standalone) and Rs. 327.51 lakhs (consolidated) for the full year, compared to losses in the previous year. Total income from operations stood at Rs. 1,164.13 lakhs. The board also appointed two new Key Managerial Persons: Mr. Deepak Parashar as Additional Director and Whole-time Director for 3 years, and Mr. Yogendra Singh Bhati as Additional Director and CFO. Multiple legal disputes were disclosed including IBC petitions from Colama Commercial Ltd (Rs. 405 lakhs disputed) and Poonam Impex (Rs. 102.71 lakhs disputed). An inventory shortage of Rs. 214.03 lakhs was provided for due to records not being handed over by the erstwhile management. The company acquired stakes in two associates during the year. Auditors issued unmodified opinions on the financial statements.
The company continues to face significant challenges with persistent losses, negative reserves of Rs. 401.63 lakhs, and multiple IBC petitions. The new appointments and management change may indicate efforts to stabilize operations, but shareholders should monitor the outcome of ongoing legal disputes which could impact financial position.