Board Meeting Details

The 273rd Board Meeting was held on October 12, 2026, commencing at 12:35 PM IST and concluding at 2:05 PM IST.

Board Resolutions

1. Approved the Un-Audited Financial Results for the quarter ended September 30, 2026 for publication

2. Approved the appointment of Mr. Y.V. Prashanth (DIN: 07620679) as an Executive Director effective October 12, 2026, subject to shareholder approval at the ensuing Extra Ordinary General Meeting

3. Approved the notice of EGM along with Explanatory Statement

Financial Results Summary (Quarter Ended September 30, 2026)

Income Statement Highlights (₹ lakhs)

  • Revenue from operations: ₹2,726.59 (vs. ₹1,877.36 in Q2 FY26, +45.2% YoY)
  • Other Income: ₹46.79 (vs. ₹5.31 in Q2 FY26)
  • Total Income: ₹2,773.38 (vs. ₹1,882.67 in Q2 FY26)
  • Cost of Material Consumed: ₹1,447.81 (vs. ₹987.77 in Q2 FY26)
  • Employee benefit expense: ₹348.53 (vs. ₹330.86 in Q2 FY26)
  • Finance cost: ₹47.13 (vs. ₹42.47 in Q2 FY26)
  • Profit before tax: ₹57.57 (vs. loss of ₹91.34 in Q2 FY26)
  • Tax expense: Nil for current quarter
  • Net Profit: ₹57.57 (vs. loss of ₹91.34 in Q2 FY26)
  • Earnings per share (Basic): ₹0.56 (vs. loss of ₹0.90 in Q2 FY26)

Half-Year Performance (April-September 2026)

  • Revenue: ₹4,483.11 (vs. ₹3,938.49 in H1 FY26)
  • Net Loss: ₹6.85 (vs. loss of ₹206.65 in H1 FY26)
  • EPS (Basic): Loss of ₹0.07 (vs. loss of ₹2.03 in H1 FY26)

Capital Structure

  • Paid-up equity share capital: ₹1,018.25 lakh (Face value ₹10 per share)
  • Number of shares: 10,182,500 shares

Cash Flow Analysis (H1 FY27)

Operating Activities

  • Net cash used in operating activities: ₹117.50 lakh
  • Cash generated from operations: Negative ₹117.50 lakh
  • Key adjustments: Depreciation ₹141.11 lakh, Excess Provision written back ₹110.59 lakh
  • Working capital changes: Increase in inventories ₹547.98 lakh, Decrease in trade payables ₹165.63 lakh

Investing Activities

  • Net cash used in investing activities: ₹7.79 lakh
  • Purchase of Property, Plant and Equipment: ₹8.76 lakh

Financing Activities

  • Net cash from financing activities: ₹125.31 lakh
  • Proceeds from long-term borrowings: ₹354.00 lakh
  • Dividend payment: ₹101.83 lakh
  • Interest paid: ₹82.81 lakh

Cash Position

  • Cash and cash equivalents at period end: ₹5.34 lakh
  • Cash on hand: ₹4.90 lakh
  • Bank balances: ₹0.44 lakh

Segment Reporting

Geographical Revenue (Q2 FY27)

  • Domestic: ₹1,366.45 lakh (50.1% of total)
  • Export: ₹1,360.14 lakh (49.9% of total)

Trade Receivables (as of September 30, 2026)

  • Domestic: ₹469.78 lakh
  • Export: ₹1,108.56 lakh
  • Total: ₹1,578.34 lakh

Regulatory and Compliance Information

  • Financial results reviewed by Audit Committee and approved by Board
  • Results subjected to Limited Review by statutory auditors who issued unmodified report
  • Prepared in accordance with Indian Accounting Standards (IND AS) prescribed under Section 133 of Companies Act, 2013
  • Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Previous period figures regrouped/rearranged for comparability

Auditor Information

  • Independent auditor's review report issued on October 12, 2026
  • Review conducted in accordance with Standard on Review Engagement (SRE) 2410
  • No material misstatements identified in the financial results