Afloat Enterprises H1 FY27 Net Profit ₹5.10 Lakh

Board Meeting Details

The Board of Directors meeting was held on Friday, 13th November 2026 at 04:00 P.M. at the registered office of the Company. The meeting commenced at 04:00 P.M. (IST) and concluded at 04:30 P.M. (IST).

Key Business Approved

1. Financial Results: Approved the Un-audited Standalone Financial Results of the Company for the half year ended September 30, 2026 along with the Limited Review Report issued by the Statutory Auditor

2. Statement of deviation/variation: Submitted statement indicating that deviation/variation as per Reg. 32 of SEBI (LODR) Regulations, 2015 is not applicable to the company

3. Related Party Transactions: Disclosure of Related Party Transactions under Reg 23(9) of SEBI (LODR) Regulation, 2015

Financial Results Summary (Half Year Ended 30th September 2026)

Income Statement (Amount in ₹ lakhs)

Revenue from Operations: ₹79.73 (Sale of metals)
Total Revenue from Operations: ₹79.73
Other Income: ₹17.98
Total Income: ₹97.71
Expenses:
Purchase of stock in trade: ₹47.69
Employee Benefit Expenses: ₹8.61
Finance costs: ₹0.03
Depreciation and amortisation expenses: ₹0.17
Other Expenses: ₹2.23
Total Expenses: ₹58.73
Profit before tax: ₹38.98
Tax Expense:
Current Tax: ₹1.75
Earlier year tax adjustments: ₹(0.03)
Deferred Tax: ₹0.12
Total tax expense: ₹1.84
Profit after tax: ₹37.14
Earnings per share (not annualized):
Basic: ₹0.04
Diluted: ₹0.04

Comparative Financial Performance

| Period | Revenue | PAT | EPS |

Balance Sheet Position (as at 30th September 2026)

Share Capital: ₹1,255.80 lakh
Reserves and Surplus: ₹311.81 lakh
Total Equity: ₹1,567.61 lakh
Current Liabilities: ₹57.59 lakh
Total Liabilities: ₹1,628.23 lakh
Current Assets: ₹1,626.45 lakh
Inventories: ₹1,101.59 lakh
Cash and cash equivalents: ₹4.98 lakh
Short-terms loans and advances: ₹448.29 lakh
Other current assets: ₹71.59 lakh
Non-current Assets: ₹1.78 lakh

Cash Flow Statement (Half Year Ended 30th September 2026)

Net Cash flow from Operating Activities: ₹(18.84) lakh
Net Cash flow from Investing Activities: ₹17.98 lakh
Net Cash flow from Financing Activities: ₹3.50 lakh
Net cash flow during the year: ₹2.64 lakh
Closing cash and cash equivalents: ₹4.98 lakh

Related Party Transactions Disclosure

The company disclosed 13 related party transactions for the half year ended September 2026:

1. Loan Taken from Director: ₹52.00 lakh from Pawan Kumar Mittal (Director)

2. Loan Paid to Director: ₹48.50 lakh to Pawan Kumar Mittal

3. Reimbursement of expenses: ₹0.02 lakh to Kiran Mittal (Relative of director)

4. Remuneration: ₹0.96 lakh to Pallavi Sharma (Company Secretary)

5. Remuneration: ₹1.43 lakh to Anshu Aggarwal (CEO & CFO)

6. Advance: ₹4.28 lakh to Anshu Aggarwal

7. Sitting Fee: ₹0.15 lakh to Lovish Kataria (Independent Director)

8. Sitting Fee: ₹0.15 lakh to Swati Jain (Independent Director)

9. Sitting Fee: ₹0.15 lakh to Kanwar Nitin Singh (Independent Director)

10. Loan Given: ₹83.50 lakh to PRM Merchant OPC Pvt Ltd (Relative of Director Interested)

11. Loan Received: ₹165.36 lakh from PRM Merchant OPC Pvt Ltd

12. Sundry debtor: ₹82.14 lakh with Goalpost Industries Limited (Relative of Director Interested)

13. Loan Given: ₹2.50 lakh to PRM Hospitality Pvt Ltd (Relative of Director Interested)

Auditor's Review Report

S K Handa & Associates, Chartered Accountants (Firm Regn. 016424N) conducted a limited review of the financial results. Key points:

Review conducted in accordance with Standard on Review Engagements (SRE) 2410
The company underwent management changes during the period, including changes in Board of Directors, Company Secretary and employees
Auditors were appointed as Statutory Auditors for FY 2026-2027
Unmodified conclusion: "Nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement"