Board Meeting Details

The Board of Directors meeting was held on Saturday, November 14, 2026, commencing at 05:00 PM and concluding at 07:45 PM.

Key Decisions Approved

1. Appointment of Mr. Rajneesh Dutta as President Strategy and Finance

  • Effective from November 14, 2026
  • Profile: Over 25 years experience in corporate finance, debt syndication, strategic planning and business management
  • Qualifications: Bachelor of Commerce (Honours) from Hansraj College, University of Delhi and Diploma in Finance
  • No relationships between directors disclosed

2. Appointment of Mr. Suraj Pandey as Chief Executive Officer

  • Effective from November 14, 2026
  • Current position: Promoter and Managing Director of the Company
  • Age: 44 years, associated with company since incorporation
  • Experience: 23 years primarily in turnkey furnishing, refurbishment and mechanical outfitting of Indian Railway passenger coaches
  • Relationship disclosure: Mrs. Sadhvi Pandey

3. Change in Designation of Mr. Sivesh Mishra

  • From Vice President-Operations to Chief Operating Officer (COO- Interior Division)
  • Effective from November 14, 2026
  • No profile information provided
  • No relationships between directors disclosed

4. Appointment of Secretarial Auditor

  • M/s. Jain Alok & Associates appointed as Secretarial Auditor for FY 2026-27
  • Effective from November 14, 2026
  • Firm headed by Mr. Alok Jain, holding Certificate of Practice No. 14828
  • Firm holds Peer Review Certificate No. 2438/2022 issued by ICSI
  • Provides services in corporate law, secretarial compliance, and regulatory matters
  • No relationships between directors disclosed

5. Approval of Financial Results

  • Unaudited standalone and consolidated financial results for half year ended September 30, 2026 approved

Financial Results - Standalone (Rs. in Lakhs)

Income Statement Highlights

  • Loss before tax: ₹933.02 (vs. profit of ₹2,012.60 in H1 FY26)
  • Total income: ₹6,406.28
  • Total expenses: ₹7,458.12
  • Employee benefits expense: ₹460.41
  • Finance costs: ₹838.72
  • Depreciation and amortization: ₹520.04
  • Manpower outsourcing cost: ₹384.86

Balance Sheet Position as at September 30, 2026

  • Total equity: ₹9,667.12
  • Share capital: ₹1,806.50
  • Reserves and surplus: ₹7,860.62
  • Total liabilities: ₹24,893.72
  • Long-term borrowings: ₹1,337
  • Trade payables: ₹5,607.95
  • Other current liabilities: ₹2,492.93
  • Total assets: ₹34,593.31
  • Property, plant and equipment: ₹162.47
  • Inventories: ₹1,993.70
  • Trade receivables: ₹23,508.79
  • Cash and bank balances: ₹3,495.53

Financial Results - Consolidated (Rs. in Lakhs)

Income Statement Highlights

  • Loss before tax: ₹914.82 (vs. profit of ₹1,974.41 in H1 FY26)
  • Total income: ₹6,356.18
  • Total expenses: ₹7,381.01
  • Employee benefits expense: ₹683.50
  • Finance costs: ₹859.86
  • Depreciation and amortization: ₹521.04
  • Manpower outsourcing cost: ₹437.85

Balance Sheet Position as at September 30, 2026

  • Total equity: ₹9,354.40
  • Share capital: ₹1,806.50
  • Reserves and surplus: ₹7,547.90
  • Minority interest: ₹2.10
  • Total liabilities: ₹25,663.27
  • Long-term borrowings: ₹1,437
  • Trade payables: ₹5,630.41
  • Other current liabilities: ₹2,531.01
  • Total assets: ₹35,072.18
  • Property, plant and equipment: ₹162.59
  • Inventories: ₹3,205.22
  • Trade receivables: ₹22,175.70
  • Cash and bank balances: ₹3,508.25

Cash Flow Statements

Standalone Cash Flows (Rs. in Lakhs)

  • Net cash from operating activities: ₹2,298.01
  • Net cash used in investing activities: ₹-289.27
  • Net cash from financing activities: ₹2,586.02
  • Net increase in cash: ₹126
  • Cash equivalents at beginning: ₹1,845
  • Cash equivalents at end: ₹1,719

Consolidated Cash Flows (Rs. in Lakhs)

  • Net cash from operating activities: ₹2,215.36
  • Net cash used in investing activities: ₹-623.04
  • Net cash from financing activities: ₹2,567.02
  • Net increase in cash: ₹-4.86
  • Cash equivalents at beginning: ₹347.77
  • Cash equivalents at end: ₹29.90

Subsidiaries and Joint Ventures Included in Consolidation

1. Acme India Industries Limited (Holding Company)

2. Acme And Vibgyor MLR JV Private Limited (Subsidiary)

3. ACVI Joint Venture Private Limited (Subsidiary - 51.04%)

4. Acme & Vibgyor JV Private Limited (Subsidiary - 51.53%)

5. Acme and Vibgyor Rail Furnishing (Partnership Firm - Jointly Controlled)

IPO Completion Disclosure

Subsequent to the half year ended September 30, 2026, the Company completed its Initial Public Offer:

  • Fresh Issue: 54,07,200 shares at ₹196/- each (Premium ₹186/-) raising ₹10,598.11 lakhs
  • Offer for Sale: 8,01,600 shares at ₹196/- each raising ₹1,571.14 lakhs
  • Total: 62,08,800 shares raising ₹12,169.25 lakhs
  • Equity shares listed on Bombay Stock Exchange - SME platform on October [date not specified]

Auditor Review

  • Statutory Auditors Khandelwal Jain & Co. conducted limited review of financial results
  • Review conducted in compliance with Regulation 33 of SEBI Listing Regulations
  • Financial results prepared in accordance with Accounting Standard 25

Other Material Information

  • The company is engaged in single business segment: manufacture and supply of railway coach furnishing products
  • Previous period figures have been regrouped/reclassified where necessary
  • The unaudited financial results for half year ended September 30, 2026 are being published for the first time

Related Party Transactions

Disclosed numerous related party transactions including with subsidiaries, joint ventures, key managerial personnel and their relatives covering:

  • Sale of goods and services
  • Interest received/paid
  • Loans and advances
  • Remuneration
  • CSR contributions
  • Trade receivables/payables