Outcome of the board meeting held on 29.05.2026
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Sulabh Engineers & Services Limited, an NBFC listed on BSE (Scrip: SULABEN), held its board meeting on May 29, 2026, and approved the audited financial results for Q4 and financial year ended March 31, 2026. Standalone performance was weak with revenue of ₹258.22 lakhs and net profit of just ₹0.03 lakh for FY2026. However, consolidated results were significantly better with revenue of ₹390.35 lakhs and net profit of ₹169.79 lakhs, boosted by the subsidiary Venkatswamy Mining and Estates Private Limited which contributed ₹161.10 lakh net profit. The auditors from Ranjit Jain & Co. issued an unmodified (clean) opinion on both standalone and consolidated financial statements. Total assets stood at ₹4,686.62 lakh on consolidated basis. Borrowings were fully repaid during the year (reduced from ₹164.71 lakh to nil).
The standalone results indicate minimal profitability at the parent company level, which may concern investors focused on core operations. However, the strong consolidated performance driven by the mining subsidiary is positive. The clean audit opinion and debt-free status are reassuring signs. The significant gap between standalone and consolidated EPS (₹0.00 vs ₹0.324) highlights the subsidiary's importance to overall group value.