Outcome of the meeting of the Board of Directors held for approval of Audited Financial Results for the period ended on March 31, 2026 on May 23, 2026.
Awaiting price reaction for this filing.
The company reported revenue from operations of Rs 2,111.57 Lacs for FY2026, up 11.8% from Rs 1,888.89 Lacs in FY2025. However, profit before tax collapsed to a loss of Rs 12.91 Lacs from a profit of Rs 285.47 Lacs in the prior year. Total expenses surged to Rs 2,124.48 Lacs (vs Rs 1,623.45 Lacs), driven largely by a massive increase in purchase & direct expenses to Rs 2,479.53 Lacs. Operating cash flow was negative at Rs 61.62 Lacs. Other equity turned negative at Rs (217.26) Lacs. Trade receivables nearly quadrupled to Rs 2,547.50 Lacs while inventories rose by Rs 367.97 Lacs. The auditors issued an unmodified opinion but included an Emphasis of Matter noting inability to independently verify trade receivables, payables, and loans and advances balances through external confirmations.
The company swung from a profit of Rs 285.47 Lacs to a loss in a single year, raising serious concerns about operational efficiency and cost management. The sharp rise in receivables and negative operating cash flow are red flags for shareholders.