Financial Results Approval

The Board approved the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with Limited Review Reports from Statutory Auditors.

Standalone Financial Performance (Amount in ₹ lakhs)

Quarter Ended September 30, 2026:

  • Total Income from Operations: ₹116.67
  • Total Expenses: ₹6,717.73
  • Loss Before Tax: ₹(555.05)
  • Tax Expense: ₹(3.75)
  • Net Loss: ₹(551.30)
  • Other Comprehensive Income: ₹0.21
  • Total Comprehensive Loss: ₹(550.89)
  • Basic/Diluted EPS: ₹(0.35)

Half Year Ended September 30, 2026:

  • Total Income from Operations: ₹254.26
  • Total Expenses: ₹11,711.10
  • Loss Before Tax: ₹(916.84)
  • Tax Expense: ₹(9.82)
  • Net Loss: ₹(907.01)
  • Other Comprehensive Income: ₹0.43
  • Total Comprehensive Loss: ₹(906.58)
  • Basic/Diluted EPS: ₹(0.59)

Consolidated Financial Performance (Amount in ₹ lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹23.01
  • Total Expenses: ₹615.42
  • Loss Before Tax: ₹(592.40)
  • Tax Expense: ₹(3.59)
  • Net Loss: ₹(588.81)
  • Other Comprehensive Income: ₹0.29
  • Total Comprehensive Loss: ₹(588.52)
  • Net Loss Attributable to Owners: ₹(585.95)
  • Basic/Diluted EPS: ₹(0.38)

Half Year Ended September 30, 2026:

  • Total Income: ₹47.87
  • Total Expenses: ₹1,062.07
  • Loss Before Tax: ₹(1,014.19)
  • Tax Expense: ₹(9.93)
  • Net Loss: ₹(1,004.26)
  • Other Comprehensive Income: ₹0.58
  • Total Comprehensive Loss: ₹(1,003.68)
  • Net Loss Attributable to Owners: ₹(997.58)
  • Basic/Diluted EPS: ₹(0.65)

Preferential Issue Variation

Based on Audit Committee recommendation, the Board approved and recommended for shareholders' approval the variation in objects of the Preferential Issue and re-allocation of unutilized proceeds.

Background: On September 26, 2026, the Company allotted 1,50,00,000 convertible warrants to N. K. Family Private Trust (Promoter Group entity) on preferential basis at issue price of ₹332.55 per warrant, aggregating ₹48,82,50,000, upon receipt of 25% upfront consideration (₹12,20,62,500 received).

Original Object: Working capital requirements

Proposed Variation: Balance consideration receivable upon conversion of warrants (₹36,61,87,500) to be utilized as:

  • Working Capital: ₹18,82,50,000 (within 18-21 months)
  • Capital Expenditure: ₹15,00,00,000 (within 18-21 months)
  • Repayment of Existing Borrowings: ₹15,00,00,000 (within 18-21 months)

Current Utilization: ₹7,50,00,000 utilized towards mobilization advances to suppliers as of September 30, 2026.

Re-allocation Details: ₹30.00 crores re-allocated from working capital to capital expenditure (₹15.00 crores) and loan repayment (₹15.00 crores). Remaining ₹6.62 crores continues for original working capital object.

Reason for Variation: To align utilization with current business requirements, operational priorities, and facilitate efficient capital deployment.

Approval Required: Special resolution at ensuing General Meeting or through postal ballot.

Capital Expenditure Disclosure

During H1 FY27, the Company capitalized ₹2.10 crores under Capital Work-in-Progress for machinery import and related costs (₹0.45 crores in Q1, ₹1.65 crores in Q2).

Employee Compensation Expense

Recognized ₹1.80 crores employee compensation expense for Restricted Stock Units (RSUs) under Employee Stock Option Scheme (₹0.89 crores in Q1, ₹0.91 crores in Q2).

Subsidiary Information

Consolidated results include:

  • Aerpace Supercars Private Limited
  • Aerpace General Trading LLC (75% stake, incorporated in Dubai in May 2024)

Auditor's Review

Ramanand & Associates issued limited review reports stating nothing has come to their attention causing belief that the financial results contain material misstatements.

Meeting Details

Board meeting commenced at 3:00 PM and concluded at 6:00 PM on October 19, 2026.