Padmanabh Industries Limited has announced its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 14, 2026, following a review by the Audit Committee. The statutory auditors, M/s. S K Bhavsar & Co., Chartered Accountants (Firm Registration No.: 145880W), issued an unmodified audit report for the period. In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its audited financial results in Jaihind (Gujarati) and Business Standard (English) newspapers on May 15, 2026. The company reported a significant surge in revenue and profitability for the quarter compared to the corresponding period in the previous year.

Financial Performance Overview

For the quarter ended March 31, 2026, Padmanabh Industries reported total income of ₹1471.28 lakh, a substantial increase from ₹246.78 lakh in the same quarter of the previous year. Net profit for the quarter stood at ₹22.86 lakh, marking a 228% rise compared to ₹6.97 lakh in the quarter ended March 31, 2025. For the full year, total income reached ₹2202.77 lakh compared to ₹311.30 lakh in the previous year, while net profit was ₹23.88 lakh against ₹1.46 lakh. The company operates within a single primary business segment — trading of agriculture products.

Key Financial Metrics

The table below summarizes the financial performance for the quarter and year ended March 31, 2026:

Balance Sheet Highlights

As at March 31, 2026, Padmanabh Industries reported total assets of ₹332.09 lakh. The company's balance sheet reflects a significant build-up in current assets, primarily driven by inventories of ₹232.29 lakh and trade receivables of ₹60.53 lakh. Cash and cash equivalents stood at ₹9.62 lakh. On the equity side, paid-up equity share capital was ₹607.75 lakh, while other equity stood at ₹(588.66) lakh, resulting in total equity of ₹19.09 lakh. The key balance sheet figures are presented below:

Cash Flow Summary

For the year ended March 31, 2026, the company generated net cash from operating activities of ₹251.93 lakh, a significant turnaround from a net cash outflow of ₹(283.07) lakh in the previous year. Net cash used in financing activities was ₹(250.78) lakh, primarily on account of repayment of short-term borrowings of ₹(232.93) lakh and interest expenses of ₹(17.85) lakh. As a result, cash and cash equivalents increased from ₹8.47 lakh at the opening of the year to ₹9.62 lakh at the close.

Regulatory Compliance

In accordance with Regulation 47 of SEBI (LODR) Regulations, 2015, Padmanabh Industries published its audited financial results in two newspapers on May 15, 2026. The results were carried in Jaihind, a Gujarati-language newspaper, and Business Standard, an English-language newspaper. The intimation was submitted to BSE Limited and signed by Akash B. Parmar, Managing Director (DIN: 11570362).

Auditor's Observations

While the statutory auditors issued an unmodified audit report, they drew attention to several matters of concern. The auditors noted the absence of balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain trade receivable and trade payable balances, making it impossible to verify their existence, completeness, accuracy, and recoverability. Additionally, satisfactory supporting documents for inventory valuation were not provided. The company also failed to appoint an Internal Auditor for the entire financial year 2025-26, constituting a non-compliance with Section 138 of the Companies Act, 2013, which the auditors noted has resulted in a significant gap in the internal control framework. Furthermore, the bifurcation of trade payables between Micro, Small and Medium Enterprise (MSME) and non-MSME creditors was not disclosed, representing non-compliance with the MSME Development Act, 2006. The auditors also flagged that loans granted by the company lacked supporting confirmations and loan agreements, making it impossible to verify their accuracy, recoverability, and interest-free nature. All these matters were communicated to the Board of Directors and the Audit Committee, and the auditors' conclusion was not modified in respect of any of these matters.

Padmanabh Industries Limited has officially announced the appointment of Ms. Pooja Jain as Company Secretary and Compliance Officer, effective April 15, 2026. The decision was approved by the Board of Directors during their meeting held on April 15, 2026, following a recommendation from the Nomination and Remuneration Committee. The company has formally communicated this appointment to BSE Limited, where its shares are listed under scrip code 526905.

Board Meeting Details and Documentation

The Board of Directors convened on Wednesday, April 15, 2026, to discuss and approve the appointment. The meeting commenced at 04:00 PM and concluded at 04:25 PM. The appointment was made in compliance with regulatory requirements under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The official communication was signed by Akash Parmar, Managing Director (DIN: 11570362), and submitted to BSE Limited at P J Towers, Dalal Street, Mumbai.

Appointee Profile and Qualifications

Ms. Pooja Jain brings substantial expertise to her new role at Padmanabh Industries Limited. Her professional credentials and background details are outlined below:

Independence and Share Holdings

Ms. Jain maintains complete independence from the company's leadership structure. She has no familial or professional relationships with any Director, Key Managerial Personnel, or Promoters of the company. Additionally, she does not hold any equity shares in Padmanabh Industries Limited, ensuring her independence in her compliance and secretarial responsibilities.

Regulatory Compliance and Disclosure

The appointment fulfills the company's regulatory obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required disclosures pursuant to Regulation 30, ensuring transparency and compliance with stock exchange requirements. The formal documentation includes detailed annexures with complete disclosure of events and information as mandated by regulatory authorities.

The appointment strengthens Padmanabh Industries Limited's corporate governance framework and ensures continued compliance with regulatory requirements. Ms. Jain's professional qualifications and experience position her well to handle the company's secretarial and compliance responsibilities effectively.