Board Meeting Details
The Board Meeting was held on 26th October, 2026, commencing at 04:30 PM and concluding at 06:00 PM.
Key Agenda Items and Decisions
1. Financial Results Approval
The Board considered and approved the Un-Audited Financials for the Half Year ended 30th September 2026.
2. Management Changes
- Resignation: Ms. Aayushi Khandelwal resigned from the position of Company Secretary & Compliance Officer with effect from close of business hours on 26th October, 2026, due to personal reasons.
- Appointment: Ms. Debashree Das (ACS: 76274) was appointed as the new Company Secretary & Compliance Officer with effect from 27th October, 2026. She is a qualified Company Secretary with experience working with a PCS Firm.
Trading Window Closure
The Trading Window for dealing in the company's shares remained closed till 48 hours after the declaration of the board meeting outcome, in accordance with the company's Code and SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance Highlights (Half Year Ended 30th September, 2026)
Income Statement (Amount in ₹ Lakhs)
- Revenue From Operations: ₹2,897.22 (vs. ₹2,490.92 in H1 FY26)
- Other Income: ₹97.51 (vs. ₹91.82 in H1 FY26)
- Total Income: ₹2,994.73 (vs. ₹2,582.74 in H1 FY26)
- Profit before tax: ₹469.17 (vs. ₹345.55 in H1 FY26)
- Tax expense: ₹114.92 (Current: ₹116.95, Deferred: ₹-2.03)
- Profit for the period: ₹354.25 (vs. ₹257.41 in H1 FY26)
- Total Comprehensive Income: ₹353.40
Earnings Per Share
- Basic EPS: ₹3.48 (vs. ₹2.53 in H1 FY26)
- Diluted EPS: ₹3.04 (vs. ₹2.53 in H1 FY26)
Balance Sheet Position (as at 30th September, 2026)
- Total Assets: ₹4,753.69 lakhs (vs. ₹3,549.87 lakhs as at 31st March, 2026)
- Equity Share Capital: ₹1,051.92 lakhs (vs. ₹1,018.92 lakhs as at 31st March, 2026)
- Other Equity: ₹2,233.77 lakhs (vs. ₹1,844.10 lakhs as at 31st March, 2026)
- Borrowings: ₹648.82 lakhs (vs. ₹85.28 lakhs as at 31st March, 2026)
Cash Flow Statement
- Net cash from operating activities: ₹-203.98 lakhs (vs. ₹212.64 lakhs in H1 FY26)
- Net cash from investing activities: ₹-407.38 lakhs (vs. ₹-260.93 lakhs in H1 FY26)
- Net cash from financing activities: ₹611.36 lakhs (vs. ₹48.29 lakhs in H1 FY26)
Capital Structure Updates
Warrant Conversion
On 29th September, 2026, the company allotted 3,30,000 fully paid-up Equity Shares of face value ₹10 each upon conversion of an equal number of Warrants. The company received the balance amount of ₹21 per Warrant (75% of the Warrant Issue Price of ₹28), aggregating ₹69,30,000 from Vivaro Enterprises Limited (Non-Promoter/Public category).
Preferential Issue History
The Board had allotted 18,00,000 Convertible Warrants on 1st January, 2026, at a price of ₹28 per Warrant, each convertible into one equity share. This was approved by shareholders at the 5th AGM held on 24th September, 2025.
Historical Capital Events
- Bonus Issue (2023-24): 1:1 ratio, allotment of 50,94,600 Bonus Equity Shares on 2nd December, 2023
- IPO (2023-24): Initial Public Issue of 13,41,600 Equity shares at ₹96 per share aggregating ₹1,287.94 lakhs, allotment on 11th July 2023
- Previous Bonus Issue (2023-24): 11:1 ratio, allotment of 34,40,250 Equity shares on 18th May 2023
Ownership Structure Change
Following the warrant conversion, the shareholding of Alphalogic Techsys Limited (Promoter) was diluted from 51.18% (52,14,528 Equity Shares out of 1,01,89,200) to 49.57% (52,14,528 Equity Shares out of 1,05,19,200). Consequently, with effect from 29th September, 2026, the company ceased to be a subsidiary of Alphalogic Techsys Limited within the meaning of Section 2(87) of the Companies Act, 2013. However, management assesses that Alphalogic Techsys Limited continues to exercise control in accordance with IND AS 110.
Business Segment
The company is primarily engaged in the Design, Manufacturing, Supply and Installation of Industrial and Institutional Storage Systems. The company has only one operating segment.