Parshva Enterprises Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 6, 2026. The results were prepared in accordance with applicable Indian Accounting Standards under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and audited by M/s Bohara Shah & Co., Chartered Accountants (ICAI Firm Registration No. 143865W), who issued an unmodified audit opinion on both standalone and consolidated financial statements.

Standalone Financial Performance

On a standalone basis, Parshva Enterprises recorded a net profit after tax of ₹26.74 lakhs for the year ended March 31, 2026, compared to ₹21.05 lakhs in the previous year. Revenue from operations for FY26 stood at ₹2475.67 lakhs, marginally lower than ₹2477.41 lakhs in FY25. Total income from operations (net) was ₹2475.76 lakhs for FY26 against ₹2477.50 lakhs in FY25. Profit before tax for the full year was ₹36.02 lakhs, compared to ₹28.53 lakhs in the prior year. The following table summarises the key standalone financial metrics:

For the quarter ended March 31, 2026 (unaudited), standalone revenue from operations was ₹640.64 lakhs, and net profit after tax was ₹7.27 lakhs, compared to ₹686.36 lakhs and ₹2.30 lakhs respectively in the corresponding quarter of the previous year.

Consolidated Financial Performance

On a consolidated basis, which includes the wholly owned subsidiary Parshva Multitrade Limited, net profit after tax for the year ended March 31, 2026 stood at ₹25.73 lakhs, up from ₹18.69 lakhs in FY25. Consolidated revenue from operations was ₹2475.67 lakhs for FY26, compared to ₹2477.41 lakhs in FY25. Consolidated profit before tax was ₹35.01 lakhs against ₹26.18 lakhs in the prior year. The table below presents the key consolidated financial metrics:

Balance Sheet Highlights

As at March 31, 2026, standalone total assets stood at ₹1366.51 lakhs, compared to ₹1672.90 lakhs as at March 31, 2025. Total equity on a standalone basis was ₹1075.99 lakhs (FY25: ₹1376.29 lakhs), comprising equity share capital of ₹1018.97 lakhs and other equity of ₹57.01 lakhs. On a consolidated basis, total assets were ₹1368.64 lakhs (FY25: ₹1679.10 lakhs) and total equity was ₹1072.63 lakhs (FY25: ₹1373.94 lakhs). The paid-up equity share capital remained unchanged at ₹1018.97 lakhs (face value of ₹10 each) for both standalone and consolidated statements. The key balance sheet figures are summarised below:

Jewellery Business Demerger

A significant corporate development during the period was the completion of the demerger of the company's Jewellery Business into Simandhar Impex Limited, a 100% subsidiary. The Board of Directors had approved the Scheme of Arrangement at its meeting held on May 14, 2024. The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned the Scheme vide its order dated October 13, 2025, and the Scheme became effective from October 17, 2025, upon filing of certified copies of the order with the respective jurisdictional Registrar of Companies.

Pursuant to the Scheme, the shareholders of Parshva Enterprises were entitled to receive 3 (Three) fully paid-up equity shares of ₹10 each of Simandhar Impex Limited for every 10 (Ten) fully paid-up equity shares of ₹10 each held in the company, as on the record date of November 5, 2025. Accordingly, on November 8, 2025, Simandhar Impex Limited allotted 30,56,925 fully paid-up equity shares of face value ₹10 each to the shareholders of Parshva Enterprises. The equity shares of Simandhar Impex Limited were listed on BSE Limited on December 22, 2025. The demerger was accounted for as a common control transaction, with assets and liabilities of the Jewellery Business transferred at their respective book values.

Cash Flow Summary

On a standalone basis, net cash from operating activities for the year ended March 31, 2026 was ₹404.61 lakhs, compared to ₹335.08 lakhs in the prior year. Net cash used in investing activities was ₹349.52 lakhs (FY25: ₹340.61 lakhs), and net cash used in financing activities was ₹4.33 lakhs (FY25: ₹10.61 lakhs). On a consolidated basis, net cash from operating activities was ₹304.57 lakhs (FY25: ₹335.06 lakhs), net cash used in investing activities was ₹249.48 lakhs (FY25: ₹340.61 lakhs), and net cash used in financing activities was ₹4.34 lakhs (FY25: ₹10.64 lakhs). Parshva Enterprises had incorporated its wholly owned subsidiary, Parshva Multitrade Limited, on November 10, 2023, to explore business opportunities in the real estate sector. The audited results and related documents are available on the company's website at www.parshvaenterprises.co.in and on the BSE website at www.bseindia.com .

Parshva enterprises Limited has announced a significant board-level change following its meeting on April 8, 2026. The company's board of directors approved the re-designation of Mr. Harsh Prashant Vora from Executive Director to Non-Executive Non-Independent Director, effective from the close of business hours on the same date.

Board Meeting Details and Regulatory Compliance

The board meeting was conducted on April 8, 2026, from 17.30 p.m. to 18.05 p.m., where directors deliberated on important organizational matters. Based on the recommendation of the Nomination and Remuneration Committee, the board unanimously approved the re-designation proposal. The company has communicated this decision to BSE Limited under Security Code No. 542694, ensuring full compliance with regulatory requirements.

Director Profile and Qualifications

Mr. Harsh Prashant Vora brings substantial expertise to his new role as a second-generation entrepreneur who has been associated with the company since its incorporation. He has been instrumental in assisting the Managing Director in gems and jewellery business operations. His professional qualifications include a graduate degree from the University of Mumbai and an MBA from NMIMS, with specialization in accounts and book keeping. He possesses over 8 years of experience in the gems and jewellery sector.

Family Connection and Governance Structure

The re-designation involves a family member, as Mr. Harsh Prashant Vora is the son of Mr. Prashant A. Vora, who serves as the company's Managing Director with DIN 06574912. The company has confirmed that Mr. Harsh Prashant Vora is not debarred from holding the office of director by virtue of any order from SEBI or other governmental authorities, as required under BSE Circular ref. no. LIST/COMP/14/2018-19.

Regulatory Disclosures

The announcement was made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant provisions of paragraph A of Part A of Schedule III to the Listing Regulations. The disclosure also adheres to SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 issued on November 11, 2024, ensuring complete transparency with stakeholders and regulatory authorities. The formal communication was signed by Managing Director Prashant Vora and submitted to BSE Limited's Department of Corporate Services.