Board of Directors of the Company in its meeting held on 30th May 2026 at the registered office of the company which commenced at 09.00 P.M. have considered, approved and took on records ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited financial results for Q4 and full-year ended 31 March 2026. Full-year revenue from operations collapsed to ₹1,700.64 lacs from ₹5,634.08 lacs last year (about a 70% drop), and no production activities were carried out in Q4 FY26 — the company says revenue that quarter came only from sale of old stock. Despite the revenue slump, full-year profit after tax jumped to ₹123.69 lacs from ₹48.73 lacs, helped by a big inventory drawdown (inventories fell from ₹874.97 lacs to nil) and sharply lower operating costs. Q4 FY26, however, swung to a loss of ₹56.43 lacs versus a ₹110.10 lac profit a year ago. The auditor issued an otherwise clean opinion but flagged under 'Other Matter' that the company filed GSTR-1 returns but did not file GSTR-3B returns, did not discharge the matching GST liability, and delayed Feb-March filings beyond the due date. The board also re-appointed Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey as additional directors since their previous terms had lapsed without shareholder approval.
Shareholders should note the unusual profit figure (up sharply) is driven mainly by clearing old stock and one-time cost reductions, not active manufacturing — operational continuity is in question. The unresolved GST non-compliance is a compliance risk that could attract penalties and is a red flag for governance. Expect cautious sentiment on the stock until production resumes and GST filings are regularised.