Outcome of the Board Meeting held on May 28, 2026
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The Board approved audited financial results for FY 2025-26 showing a dramatic turnaround. Revenue from operations surged to ₹136.93 lakh from just ₹14.59 lakh in the previous year. The company posted a profit before tax of ₹55.83 lakh compared to a loss of ₹68.40 lakh in FY 2024-25. Total comprehensive income improved to ₹55.83 lakh from negative ₹71.10 lakh. Statutory auditors G RAM and Associates LLP issued an unmodified (clean) opinion. The Board also appointed Mr. Ronak Ranka as Internal Auditor for FY 2026-27. The auditor's report includes an emphasis of matter regarding the Roti Master Project, which has ₹4.8 crore in CWIP, ₹2 crore in intellectual property rights, and ₹4.4 crore in inventories, but the plant is not yet ready for production as it remains under R&D phase.
The company has shown exceptional turnaround from losses to profitability with near 10x revenue growth. However, shareholders should note the substantial investments locked in the Roti Master Project that hasn't started commercial production yet, and the overall balance sheet size has shrunk significantly (total assets down from ₹5,803 lakh to ₹4,120 lakh).