Financial Results Overview

Quarter Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹3,569.05 lakh (vs. ₹2,234.18 lakh in Q2 FY26)
  • Other Income: ₹64.00 lakh
  • Total Income: ₹3,633.06 lakh
  • Total Expenses: ₹3,576.74 lakh
  • Profit Before Tax: ₹56.32 lakh (vs. loss of ₹159.73 lakh in Q2 FY26)
  • Tax Expense (Deferred Tax): ₹25.87 lakh
  • Net Profit: ₹30.45 lakh (vs. net loss of ₹196.82 lakh in Q2 FY26)
  • Other Comprehensive Income: ₹2.49 lakh
  • Total Comprehensive Income: ₹32.94 lakh
  • Basic EPS: ₹0.004
  • Diluted EPS: ₹0.004

Half Year Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹6,562.36 lakh (vs. ₹4,852.98 lakh in H1 FY26)
  • Other Income: ₹121.32 lakh
  • Total Income: ₹6,683.68 lakh
  • Total Expenses: ₹6,523.24 lakh
  • Profit Before Tax: ₹160.44 lakh (vs. loss of ₹332.79 lakh in H1 FY26)
  • Tax Expense (Deferred Tax): ₹70.19 lakh
  • Net Profit: ₹90.25 lakh (vs. net loss of ₹320.47 lakh in H1 FY26)
  • Other Comprehensive Income: ₹2.08 lakh
  • Total Comprehensive Income: ₹92.33 lakh
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01

Balance Sheet Position (as at 30.09.2026)

  • Total Assets: ₹9,393.16 lakh (vs. ₹9,576.22 lakh as at 31.03.2026)
  • Property, Plant & Equipment: ₹4,236.25 lakh
  • Inventories: ₹3,877.16 lakh
  • Trade Receivables: ₹245.90 lakh
  • Cash & Cash Equivalents: ₹6.50 lakh
  • Bank Balances (other): ₹61.21 lakh
  • Equity Share Capital: ₹7,874.68 lakh (unchanged)
  • Other Equity: ₹304.01 lakh
  • Long-Term Borrowings: ₹292.68 lakh
  • Short-Term Borrowings: ₹148.43 lakh
  • Trade Payables: ₹622.51 lakh

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Cash from Operating Activities: ₹615.96 lakh
  • Cash used in Investing Activities: ₹618.34 lakh (primarily purchase of PPE: ₹619.84 lakh)
  • Cash used in Financing Activities: ₹76.62 lakh
  • Net decrease in Cash: ₹79.00 lakh
  • Cash & Cash Equivalents at end: ₹67.71 lakh

Auditor's Review Report

HB Kalaria & Associates issued a qualified review report with the following observations:

  • The company did not carry out physical inspection of fixed assets or maintain a fixed asset register, preventing verification of quantities and condition.
  • The company did not carry out physical inspection of inventories, preventing verification of quantities and condition.
  • Certain debtor balances were written off as irrecoverable due to goods rejection by customers, with no material impact on financial statements.
  • The term of the existing statutory auditor had expired, and no new auditor was appointed at the AGM. The existing auditor continued under Section 139(10) of Companies Act, 2013.

Annexure B: Statement on Deviation/Variation in Fund Utilization

  • Funds raised through Rights Issue: ₹4,874.81 lakh (dated 07.10.2024)
  • No deviation/variation in use of funds raised
  • Utilization details:
  • Repayment of long-term unsecured loan: ₹320.00 lakh allocated (₹345.67 lakh originally allocated, ₹25.40 lakh unutilized)
  • Working capital requirement: ₹3,300.00 lakh fully utilized
  • Corporate expense/General Corporate Purpose: ₹1,193.16 lakh utilized (₹1,194.14 lakh originally allocated, ₹19.18 lakh unutilized)
  • Issue related expenses: ₹16.30 lakh utilized (₹35.00 lakh originally allocated, ₹18.70 lakh transferred to General Corporate Purpose)

Annexure C: Outstanding Default on Loans

  • Total loans outstanding: ₹265.71 lakh
  • Amount of default: ₹0
  • Total financial indebtedness: ₹265.71 lakh

Annexure D: Related Party Transactions (Half Yearly)

Total value of transactions during reporting period: ₹173.11 lakh

Key transactions include:

  • Remuneration to directors and key management personnel
  • Loans to directors:
  • Harikrishna S. Chauhan (Director): ₹70 lakh (unsecured, on demand, for day-to-day expense and working capital)
  • Ilaben Paghdar (Director): ₹150 lakh (unsecured, on demand, for day-to-day expense and working capital)

Additional Information

  • Company operations fall under single segment "Spinning of Cotton Yarn"
  • Board meeting approving results held on 27th October, 2026
  • The company is monitoring developments regarding implementation of New Labour Codes effective from November 21, 2025