Pushpsons Industries Limited has announced its unaudited standalone financial results for the third quarter of FY26, ending December 31, 2025. The Board of Directors approved these results during their meeting held on February 11, 2026, which commenced at 11:21 AM and concluded at 11:31 AM.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results compared to the previous year. Revenue from operations declined significantly, while the company moved from profit to loss during the quarter.

Expense Analysis

The company's total expenses for Q3FY26 amounted to ₹82.88 lacs compared to ₹99.89 lacs in Q3FY25. Key expense components included cost of materials consumed at ₹27.74 lacs, employee benefit expenses of ₹14.24 lacs, and other expenses totaling ₹39.01 lacs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported revenue from operations of ₹266.77 lacs compared to ₹313.00 lacs in the corresponding period of the previous year. Despite the revenue decline, the company maintained profitability with a net profit of ₹4.42 lacs for the nine-month period, though this was significantly lower than ₹29.82 lacs achieved in the previous year.

Earnings Per Share and Capital Structure

The company's earnings per share metrics reflected the challenging quarter:

Business Segment and Operations

Pushpsons Industries Limited operates in a single business segment focused on the export of carpets and made-up items. The company maintains its registered office at B-40, Okhla Industrial Area, Phase-I, New Delhi-110020.

Regulatory Compliance

The financial results have been prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results underwent limited review by statutory auditors Ritu Gupta & Co., Chartered Accountants, who provided an unmodified opinion on the quarterly financial statements. The company reported no investor complaints outstanding at the beginning of the quarter or received during Q3FY26.

HEM Holdings and Trading Limited 's Board of Directors held a meeting on December 16, 2025, via video conferencing from 06:00 P.M. to 07:15 P.M., approving multiple strategic appointments across key organizational positions. The decisions were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Auditor Appointment

The board recommended the appointment of M/s. B.M. Gattani & Co., Chartered Accountants (FRN: 113536W) as the company's statutory auditors to fill the casual vacancy created by the departure of M/s. Harsh Jain Associates Chartered Accountants, Durg (FRN: 007639C). The appointment is effective from December 16, 2025, subject to shareholder approval in the General Meeting to be convened within three months.

M/s. B.M. Gattani & Co. is a chartered accountancy firm registered with the Institute of Chartered Accountants of India, offering professional services including statutory audit, internal audit, taxation, regulatory compliance, and advisory services across various industries. The firm follows a risk-based and process-driven audit approach, ensuring transparency, accountability, and strict adherence to applicable accounting and auditing standards.

Secretarial and Internal Audit Appointments

The board recommended M/s. Ajay Suresh Yadav and Associates as the secretarial auditor for a five-year term, effective December 16, 2025. The firm is peer-review certified with extensive experience in corporate law and regulatory compliance.

Mr. Ajay Yadav, the proprietor, holds a Master's degree in Commerce with over a decade of experience in the financial services sector. He previously served for six years with the Defaulter Section of the National Stock Exchange of India Limited, bringing expertise in secretarial audits, FEMA compliances, transaction advisory, and corporate governance.

Mr. Akash Somaram Prajapati brings over five years of experience in auditing, specializing in financial statement audits, compliance, and internal controls. He is skilled in identifying risk areas, implementing corrective measures, and ensuring regulatory adherence.

Managing Director Appointment

The board recommended the appointment of Mr. Ravi Manoharlal Kharwad (DIN: 02079606) as Managing Director for a five-year term, subject to shareholder approval in the ensuing General Meeting.

Regulatory Compliance and Communication

All appointments requiring shareholder approval are subject to ratification in the upcoming General Meeting, which must be convened within three months of the board's recommendation. The company has submitted detailed disclosures to the Bombay Stock Exchange as required under Regulation 30 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company secretary and compliance officer Taruna Gupta, with membership number A38630, has formally communicated these appointments to the BSE. These appointments reflect the company's commitment to strengthening its governance framework and ensuring compliance with regulatory requirements across operational areas.