Pushpsons Industries Ltd

Auditor change

• Resignation of M/s Ritu Gupta & Co. as statutory auditors, effective 13 August 2026.
• Appointment of M/s R. Verma & Associates as statutory auditors to fill the casual vacancy.
• Casual-vacancy term until the 32nd AGM for FY 2025-26.
• Five-year term from the 32nd AGM ending at the 37th AGM (2031).
• Reason: preoccupation with other assignments and limited audit staff.
• No material reasons for resignation; no disagreements with management.
• New auditor profile: 40+ years' experience in audit, taxation, corporate law.
• No relationships with other directors disclosed.
• Appointment subject to shareholder approval at upcoming AGM.

Financial results

• Standalone unaudited results for quarter ended 30 June 2026 approved with limited review and unmodified opinion.

AGM and governance

• 32nd AGM on 29 September 2026; book closure 23–29 September 2026; AGM notice approved.

Directors' Report

• Directors' Report for FY ended 31 March 2026 approved.

Auditor changes

• Resignation of statutory auditor M/s. Ritu Gupta & Co effective 13 August 2026.
• Appointed M/s. R. Verma & Associates to fill casual vacancy.
• Five-year appointment of M/s. R. Verma & Associates from AGM end, subject to member approval.

Share capital and regulatory filings

• Filing with Exchange to rectify post-forfeiture issued capital to 46,50,100 shares.
• Authorized MD/Chairman/Company Secretary to finalize filings and related actions.

Standalone results

• Quarter ended 30 June 2026: standalone unaudited financial results.
• Single reportable segment: exports of carpet and made-ups.
• Net profit after tax (Ind AS) for quarter ended 30 June 2026: Rs 1.54 Lakhs.
• Board approved results at meeting held 13 Aug 2026.
• Limited Review: unmodified opinion on quarterly results.

Meeting Details

• Date: August 13, 2026; time not disclosed.
• Venue: registered office, B-40, Okhla Industrial Area, New Delhi.

Key Agenda Items

• Consider and approve unaudited standalone financial results for quarter ended June 30, 2026.
• Any other business with permission of the Chair.

Other Notes

Dematerialisation processing and listing status

• Securities received for dematerialisation in the reporting quarter were confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository named as registered owner within 15 days.

Audited standalone results

• 📊 Standalone audited results for quarter and year ended 31 March 2026.
• 📊 Board approved results on 29 May 2026.

Profit and cash flow

• 📊 Profit before tax was ₹8.74 lakh in FY26 versus ₹50.82 lakh in FY25.
• 📊 Net cash from operations was ₹38.78 lakh, versus ₹14.64 lakh last year.
• 📊 Cash and cash equivalents rose to ₹104.74 lakh from ₹59.60 lakh.

Reconciliation to Ind AS

• 📊 PAT under previous GAAP was ₹7.96 lakh for Q4 FY26.
• 📊 PAT under previous GAAP was ₹23.15 lakh for FY26.
• 📊 PAT under Ind AS was ₹14.78 lakh for Q4 FY26 and ₹49.33 lakh for FY26.

Cash flow

• 📊 Investing cash flow was ₹7.71 lakh, versus negative ₹12.98 lakh last year.
• 📊 Financing cash flow was nil in FY26 and FY25.

Audit opinion

• 📍 Statutory auditors issued an unmodified opinion on the standalone financial statements.
• 📍 Auditors reported no key audit matters.

Business model

• 🗒️ Pushpsons Industries Limited filed standalone audited financial results.
• 🗒️ The document does not describe operating segments or revenue streams.

Audited results

• Board approved audited standalone financial results for quarter and year ended 31 March 2026.
• Cash flow statement and reconciliation statement were also approved with the results.
• Auditor issued an unmodified opinion on the standalone results.

Internal auditor

• Mr. Sumanta Samanta Singhar was appointed internal auditor for FY 2026-27.
• Appointment is effective from 1 April 2026.
• He has over eight years of experience.

Audit remarks

• Independent auditor reported no key audit matters.
• No material qualification or adverse remark was reported.

Financial Performance 📊

• Q3 FY26 standalone revenue from operations was Rs 78.38 lakh, down from Rs 115.9 lakh in Q2 FY26.
• Total income for Q3 FY26 stood at Rs 82.58 lakh versus Rs 119.9 lakh in Q2 FY26.
• Total expenses in Q3 FY26 were Rs 82.86 lakh, slightly higher than Rs 115.84 lakh in Q2 FY26.
• Net loss before tax in Q3 FY26 was Rs 0.31 lakh, compared to a profit of Rs 4.77 lakh in Q2 FY26.
• Nine months ended Dec 31, 2025, revenue from operations was Rs 200.71 lakh, down from Rs 313.00 lakh prior year.
• Nine months ended Dec 31, 2025, net profit was Rs 4.42 lakh, compared to Rs 29.82 lakh prior year.

Profitability & Capital 📊

• EPS for Q3 FY26 was negative at Rs (0.01), compared to Rs 0.09 in Q2 FY26.
• Paid-up equity share capital remained Rs 527.05 lakh with a face value of Rs 10 per share.
• No exceptional items reported in Q3 FY26 or nine months ended Dec 31, 2025.

Cost Structure & Expenses 📊

• Finance costs for nine months ended Dec 31, 2025, were Rs 0.55 lakh, down from Rs 0.96 lakh prior year.
• Employee benefit expenses for nine months ended Dec 31, 2025, were Rs 39.76 lakh, down from Rs 53.91 lakh prior year.
• Cost of material consumed for nine months ended Dec 31, 2025, was Rs 113.01 lakh, down from Rs 140.88 lakh prior year.

Corporate & Compliance 🗓️

• Board approved Q3 FY26 results on Feb 11, 2026, meeting held in New Delhi.
• Limited review and audit reports issued with unmodified opinions for Q3 FY26 results.
• No investor complaints pending or received during Q3 FY26.

Business Model & Segments

• Company operates in a single segment: export of carpets and made-ups.

Financial Results

• Approved standalone unaudited financial results for quarter ended 31 Dec 2025 with limited review report.
• Statutory auditor issued an unmodified opinion on the standalone unaudited results.
• Auditor confirmed quarterly results comply with Indian Accounting Standards.
• Auditor’s limited review found no material misstatements requiring modification of opinion.
• Reconciliation provided between previous GAAP and Ind AS profit after tax figures.

Corporate Governance

• Results reviewed by Audit Committee and approved by Board on 11 Feb 2026.
• Paid-up equity includes Rs. 62.04 lakh paid on forfeited equity shares.