Key Financial Results for Quarter Ended 30th September 2026
- Total Income: ₹4.60 lakh
- Total Expenses: ₹33.29 lakh
- Loss from Operations before other income: ₹28.69 lakh
- Other Income: ₹0.19 lakh
- Finance Cost: ₹1.52 lakh
- Net Loss for the quarter: ₹30.02 lakh
- Earnings Per Share (Basic & Diluted): Negative ₹0.51 (not annualized)
- Paid Up Equity Share Capital: ₹594.00 lakh (Face Value ₹10/- each)
Key Financial Results for Half Year Ended 30th September 2026
- Total Income: ₹56.54 lakh
- Total Expenses: ₹56.54 lakh
- Loss from Operations before other income: ₹31.54 lakh
- Other Income: ₹0.19 lakh
- Finance Cost: ₹1.52 lakh
- Net Loss for half year: ₹32.87 lakh
- Earnings Per Share (Basic & Diluted): Negative ₹0.55 (not annualized)
Balance Sheet Position as at 30th September 2026
- Total Assets: ₹10,105.63 lakh
- Non-Current Assets: ₹956.70 lakh (including Property, Plant & Equipment: ₹916.38 lakh)
- Current Assets: ₹9,148.93 lakh (primarily Loans & Advances: ₹8,876.37 lakh)
- Total Equity: ₹9,894.70 lakh
- Non-current liabilities: ₹70.83 lakh (including Borrowings: ₹60.44 lakh)
- Current liabilities: ₹140.10 lakh
Cash Flow Statement for Half Year Ended 30th September 2026
- Net Cash Flow from Operating Activities: Negative ₹33.88 lakh
- Net Cash Flow from Investing Activities: Negative ₹32.46 lakh (including Purchase of Fixed Asset: ₹32.46 lakh)
- Net Cash Flow from Financing Activities: Positive ₹60.44 lakh (from Increase in Long Term Borrowings)
- Net decrease in cash & cash equivalent: ₹5.90 lakh
- Closing Cash & Cash Equivalent: ₹1.36 lakh
Critical Notes and Qualifications
1. The financial results were reviewed by the Audit Committee on 10th October 2026 and approved by the Board of Directors on 12th October 2026.
2. The company has not provided for interest on loans given to Tech India Nirman Ltd. (₹8,876.37 lakh as of 30th September 2026). The CIRP proceedings against that company were stalled, and the case is sub judice with the Honorable Supreme Court of India.
3. The statutory auditors, K. P. Sahasrabudhe & Co., issued a qualified review report stating that non-provision of interest is not in compliance with Section 186 of the Companies Act, 2013 and Ind AS 109 requirements.
4. The company operates in one major product segment: Horticulture Crops.
5. No investor complaints were received or pending during the quarter.
Meeting Details
The Board Meeting commenced at 12:00 p.m. and concluded at 16:00 p.m. on 12th October 2026.
#Tags: #AgriTechIndia #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative