---
title: "Saffron Industries Ltd (531436) — Share Price, Financials & Analysis"
symbol: "531436"
company: "Saffron Industries Ltd"
canonical: "https://tapetide.com/stocks/531436"
isin: "INE474D01013"
nse_symbol: "SAFFRONINDUSTRIESLTD"
bse_code: "531436"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 18.25
generated_at: "2026-09-13T20:38:44.654Z"
---

# Saffron Industries Ltd (531436)

Canonical page: https://tapetide.com/stocks/531436

## Company

- **NSE Symbol:** SAFFRONINDUSTRIESLTD
- **BSE Code:** 531436
- **ISIN:** INE474D01013
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** saffronindustries.in

## About

Incorporated in 1993, Saffron Industries Limited is in the business of paper manufacturing and real estate development.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:49:18.372822Z.

- **Market Cap:** ₹18.25 Cr
- **Classification:** Microcap
- **P/E (reported):** 10.4
- **EPS (TTM):** ₹2.38
- **Book Value:** ₹-11.24
- **Price to Book:** -2.21
- **Dividend Yield:** 0%
- **ROE:** -28.76%
- **ROCE:** 135.43%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹6.86 Cr
- **Net Income:** ₹1.49 Cr
- **EBITDA:** ₹3.71 Cr
- **52-Week High:** ₹104.13
- **52-Week Low:** ₹22.11
- **RSI (14):** 44.03

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 1.58 | 9% |
| growth | 3.62 | 9% |
| momentum | 30.74 | 12% |
| ownership | 50 | 24% |
| quality | 73.01 | 22% |
| valuation | 66.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- The company has delivered a poor sales growth of -16.8% over past five years.
- Debtor days have increased from 48.9 to 92.6 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 55.96% | 344.02% | 46.97% |
| ebitda margin growth | -80% | -28.87% | — | — |
| net income growth | -80% | -46.79% | 45% | 23% |
| revenue growth | -26.67% | 7.19% | -26% | -17% |
| roce | — | -415.39% | -939.62% | 7.93% |
| roe | — | -291.22% | 0.14% | -211.6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 3.75 | 9.47 | 0 | 0.46 | 2.48 | 3.38 | 3.1 | 0.81 | 1.52 | 1.43 | 1.06 |
| Expenses | 0.02 | 3.55 | 9.32 | 0.06 | 0.34 | 1.76 | -0.61 | 1.25 | 0.27 | 0.69 | 0.94 | 0.95 |
| Operating Profit | -0.02 | 0.2 | 0.15 | -0.06 | 0.12 | 0.72 | 3.99 | 1.85 | 0.54 | 0.83 | 0.49 | 0.11 |
| OPM % | — | 5.33 | 1.58 | — | 26.09 | 29.03 | 118.05 | 59.68 | 66.67 | 54.61 | 34.27 | 10.38 |
| Other Income | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0 | 0.01 | 0.02 | 0.01 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.43 | 0.54 | 0.48 | 0.31 | 0.31 | 0.31 | 1.08 | 1.95 | 0.3 | 0 | 0 | 0 |
| Profit before tax | -0.44 | -0.32 | -0.32 | -0.36 | -0.18 | 0.42 | 2.91 | -0.09 | 0.24 | 0.84 | 0.51 | 0.12 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.44 | -0.31 | -0.33 | -0.36 | -0.18 | 0.43 | 2.91 | -0.09 | 0.24 | 0.84 | 0.51 | 0.12 |
| EPS in Rs | -0.61 | -0.43 | -0.46 | -0.5 | -0.25 | 0.6 | 4.05 | -0.13 | 0.33 | 1.17 | 0.71 | 0.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.63 | 16.47 | 8.83 | 17.24 | 17.85 | 17.02 | 16.2 | 6.32 | 6.86 | 4.82 |
| Expenses | 6.1 | 12.98 | 8.26 | 18.03 | 18.02 | 16.62 | 16.18 | 1.53 | 3.14 | 2.85 |
| Operating Profit | -0.47 | 3.49 | 0.57 | -0.79 | -0.17 | 0.4 | 0.02 | 4.79 | 3.72 | 1.97 |
| OPM % | -8.35 | 21.19 | 6.46 | -4.58 | -0.95 | 2.35 | 0.12 | 75.79 | 54.23 | 40.87 |
| Other Income | 0.12 | -1.09 | 0.27 | 0.11 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.04 |
| Interest | 0.18 | 0.04 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 |
| Depreciation | 1.24 | 1.21 | 1.19 | 1.2 | 1.62 | 1.93 | 1.94 | 2 | 2.25 | 0.3 |
| Profit before tax | -1.77 | 1.15 | -0.36 | -1.89 | -1.78 | -1.51 | -1.89 | 2.81 | 1.5 | 1.71 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.33 | — |
| Net Profit | -1.76 | 1.15 | -0.36 | -1.9 | -1.78 | -1.5 | -1.89 | 2.81 | 1.57 | 1.71 |
| EPS in Rs | -2.45 | 1.6 | -0.5 | -2.64 | -2.48 | -2.09 | -2.63 | 3.91 | 2.19 | 2.38 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 | 7.19 |
| Reserves | -11.67 | -13.43 | -12.28 | -12.65 | -14.54 | -16.32 | -17.82 | -19.76 | -16.95 | -15.38 |
| Borrowings | 20.58 | 20.58 | 20.58 | 20.58 | 17.35 | 19.14 | 19.96 | 16.98 | 11.84 | 1.96 |
| Other Liabilities | 12.65 | 7.53 | 3.15 | 2.36 | 2.07 | 0.91 | 1.01 | 6.43 | 10.45 | 18.2 |
| Total Liabilities | 28.75 | 21.87 | 18.64 | 17.48 | 12.07 | 10.92 | 10.34 | 10.84 | 12.53 | 11.97 |
| Fixed Assets | 18.59 | 14.52 | 13.04 | 11.85 | 10.65 | 9.43 | 6.69 | 4.75 | 2.76 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10.16 | 7.35 | 5.6 | 5.63 | 1.42 | 1.49 | 3.65 | 6.09 | 9.77 | 11.96 |
| Total Assets | 28.75 | 21.87 | 18.64 | 17.48 | 12.07 | 10.92 | 10.34 | 10.84 | 12.53 | 11.97 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -3.32 | -0.45 | -0.22 | 3.47 | -1.22 | -2.09 | 3.27 | 5.1 | 9.63 |
| Cash from Investing Activity | 0 | 2.63 | -0.12 | 0.03 | 0.03 | -0.38 | 0.83 | 0.04 | 0.03 | 0.53 |
| Cash from Financing Activity | 0 | -0.04 | 0.51 | 0 | -3.23 | 1.79 | 0.82 | -2.98 | -5.14 | -9.89 |
| Net Cash Flow | 0 | -0.73 | -0.06 | -0.2 | 0.27 | 0.19 | -0.44 | 0.33 | -0.01 | 0.28 |
| Free Cash Flow | 0 | -0.75 | -0.45 | -0.22 | 3.47 | -1.62 | -1.28 | 3.26 | 5.1 | 10.13 |
| CFO/OP | 0 | 706 | -13 | -39 | -439 | 718 | -522 | 16350 | 106 | 259 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 69.16 | 313.13 | 104.6 | 190.56 | 0 | 0 | 0 | 0 | 5.2 | 92.58 |
| Inventory Days | 0.84 | 7.41 | 1.4 | 11.53 | 3.59 | 0.23 | 83.08 | 141.46 | — | — |
| Days Payable | 184.76 | 714.13 | 116.39 | 114.66 | 40.24 | 15.1 | 9.77 | 51.23 | — | — |
| Cash Conversion Cycle | -114.76 | -393.59 | -10.39 | 87.44 | -36.64 | -14.87 | 73.31 | 90.23 | 5.2 | 92.58 |
| Working Capital Days | -46.22 | -71.96 | 39.67 | 116.16 | -29.01 | -6.95 | 46.11 | -26.14 | -85.47 | -394.26 |
| ROCE % | 2.7 | -10.38 | 16.36 | -2.29 | -14.97 | -17.69 | -15.62 | -27.37 | 86.9 | — |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% | 60.49% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 36.34% | 36.34% | 36.32% | 36.38% | 36.38% | 36.38% | 36.43% | 36.17% | 36.03% | 36.24% | 36.33% | 36.4% |
| Others | 3.06% | 3.06% | 3.08% | 3.02% | 3.02% | 3.02% | 2.97% | 3.23% | 3.37% | 3.16% | 3.07% | 3.01% |
| No. of Shareholders | 1961 | 2066 | 2142 | 2318 | 2410 | 2430 | 2535 | 2493 | 2685 | 3552 | 3519 | 3373 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 25.42 | Sell |
| EMA (10) | 25.36 | Sell |
| SMA (20) | 25.87 | Sell |
| EMA (20) | 25.76 | Sell |
| SMA (50) | 26.62 | Sell |
| EMA (50) | 26.75 | Sell |
| SMA (100) | 28.87 | Sell |
| EMA (100) | 28.26 | Sell |
| SMA (200) | 30.86 | Sell |
| EMA (200) | 28.29 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.74 | Neutral |
| MACD (12,26,9) | -0.5 | Sell |
| Stochastic (14,3,3) | 29.2 | Neutral |
| ADX (14) | 30.25 | Buy |
| Williams %R (14) | -70.02 | Neutral |
| ATR (14) | 1.5 | High Volatility |
| ROC (12) | -7.71 | Sell |
| Stoch RSI (14) | 9.96 | Buy |
| UO (7,14,28) | 67.56 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e56e0273-67aa-4111-8aa8-2511cce155f0.pdf) |
| 2026-09-01 | [Notice Of The 33Rd AGM OF Saffron Industries Limited For The Year Ended On 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2db7ba1f-b252-44b5-a043-af018d9ad012.pdf) |
| 2026-08-20 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 20Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f32381f2-2c54-4c03-b886-46a68c3f3d82.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01848c2b-06d7-4e83-9855-a475ef815304.pdf) |
| 2026-07-25 | [Board Meeting Intimation for Intimation Of The Meeting Of The Board Of Directors For Consideration Of Unaudited Financial Results For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31c8be00-881f-4f54-ad76-ef6b9101f370.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc67b2a5-6793-4eb7-980b-14ffa5c41b37.pdf) |
| 2026-07-03 | [Revised Outcome Of Board Meeting Held On 30Th May 2026 For Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd1ae75d-0bb5-4394-839d-1973ff56433c.pdf) |
| 2026-06-27 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd0567b3-a2d1-4454-9e3a-b82d7edb8163.pdf) |
| 2026-06-27 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80749145-d7d4-43fb-b453-045f74bddc78.pdf) |
| 2026-06-27 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th June 2026 For Appointment Of Company Secretary And Compliance Officer Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abcb28ac-0426-4f5c-83a9-e71f0305b0f3.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Submission Of Unaudited Financial Results For The Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=238a9d61-34aa-4ba9-b442-8871f3974777.pdf) |
| 2026-05-30 | [Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4455b5ce-7712-4438-8280-76142591912a.pdf) |
| 2026-02-11 | [Results_Financial Results_Dec-31-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6bc7d330-b793-4690-9cd1-bc55688aa93b.pdf) |
| 2025-11-08 | [Submission Of Un-Audited Financial Results For The Quarter And Half-Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7540397-0b1a-4d03-844a-4b6fe3635e09.pdf) |
| 2025-05-30 | [Results In Board Meeting Held On 30Thmay 2025 For FY 2024-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41ba8960-a2e5-4cea-9940-4d9b9a1bf3c9.pdf) |
| 2025-02-07 | [Submission Of Un-Audited Financial Results For The Quarter And Nine Months Ended On 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c547a1d5-6e9e-47a6-9234-b888e373f481.pdf) |
| 2024-11-12 | [Submission Of Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1e685de-61df-4f8e-9eb5-6139200f90f6.pdf) |
| 2024-08-12 | [Submission Of Un-Audited Financial Results For The Quarter Ended On 30Th June, 2024<BR> <BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=989e6037-97a4-4f98-aa31-033b0e579657.pdf) |
| 2024-05-28 | [Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64160d21-9962-4d32-8c0c-3bf1618ceb99.pdf) |
| 2024-02-07 | [Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Quarter And Nine Months Ended On 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbb6b359-9d98-4561-a860-6aeea3bb5315.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, by Adroit Corporate Services, the Registrar and Share Transfer Agent of the Company, … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, by Adroit Corporate Services, the Registrar and Share Transfer Agent of the Company, …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f299e02-07a4-4f4f-a4a6-e288328d4a12.pdf) |
| 5 Feb - Board meeting on 11 Feb 2026 to approve unaudited quarter ended 31 Dec 2025 results; trading window closed. | [Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter Ended On 31St December, 2025. 5 Feb - Board meeting on 11 Feb 2026 to approve unaudited quarter ended 31 Dec 2025 results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ed6968e-0049-4238-8be3-596c4e600328.pdf) |
| 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary, Compliance Officer and KMP effective 01 Feb 2026. | [Outcome of Board Meeting 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary, Compliance Officer and KMP effective 01 Feb 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_30012026143916_Intimation.pdf) |
| 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary & Compliance Officer, KMP, effective 1 Feb 2026. | [Change in Company Secretary/Compliance Officer 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary & Compliance Officer, KMP, effective 1 Feb 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_30012026143109_Intimation.pdf) |
| 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigns effective 1 May 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigns effective 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc4ba297-d5a6-4399-b6a5-cd65216f1807.pdf) |
| 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigns effective 1 May 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigns effective 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc4ba297-d5a6-4399-b6a5-cd65216f1807.pdf) |
| 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigned effective 1 May 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigned effective 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ce6d2a4-c8d9-404b-9df5-760cea09548b.pdf) |
| 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigned effective 1 May 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Apr - Company Secretary and Compliance Officer Arti Hemnani resigned effective 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ce6d2a4-c8d9-404b-9df5-760cea09548b.pdf) |
| 3 February 2026 - Allotment of 11,70,000 warrants at Rs108 each; Rs3,15,90,000 received (25%). | [Allotment of Securities 3 February 2026 - Allotment of 11,70,000 warrants at Rs108 each; Rs3,15,90,000 received (25%).](https://nsearchives.nseindia.com/corporate/INTEGRITY_03022026183735_Signed-Outcome_Allotment_of_Warrants.pdf) |
| 3 February 2026 - 11,70,000 warrants at Rs108 each allotted preferentially; Rs3.159 crore received (25%); convertible within 18 months; promoters involved and five investors total. The company received subscription … | [Outcome of Board Meeting 3 February 2026 - 11,70,000 warrants at Rs108 each allotted preferentially; Rs3.159 crore received (25%); convertible within 18 months; promoters involved and five investors total. The company received subscription …](https://nsearchives.nseindia.com/corporate/INTEGRITY_03022026182816_Signed-Outcome_Allotment_of_Warrants.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29158_INTEGRITY_2024_2025_A_16553670_13102025172119.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c821f83-e809-4965-b636-65efb88d501a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25a5d9a8-b6b3-4bd6-a94d-68a84255bccb.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03be178b-18d6-43fc-9e5d-7387e1bf555e.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/76536531436.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/71864531436.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/66970531436.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/5314360319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/5314360318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531436/5314360317.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:38:44.654Z.