Key Financial Results - Half Year Ended September 30, 2026

Standalone Financial Performance:

  • Revenue from Operations: ₹477.15 lakhs (₹427.04 lakhs in H1 FY26)
  • Other Income: ₹23.71 lakhs (₹23.83 lakhs in H1 FY26)
  • Total Income: ₹479.49 lakhs (₹429.42 lakhs in H1 FY26)
  • Total Expenses: ₹534.09 lakhs (₹372.08 lakhs in H1 FY26)
  • Cost of Materials consumed: ₹317.20 lakhs
  • Purchase of stock-in-trade: Not specified
  • Changes in inventories: ₹110.09 lakhs increase (₹309.28 lakhs decrease in H1 FY26)
  • Employee benefits expenses: ₹60.23 lakhs
  • Finance Cost: ₹42.31 lakhs
  • Depreciation and amortization: ₹41.55 lakhs
  • Other expenses: ₹61.79 lakhs
  • Profit/(Loss) before tax: (₹546.02) lakhs loss (₹573.46 lakhs profit in H1 FY26)
  • Tax Expense: (₹12.28) lakhs (₹135.86 lakhs in H1 FY26)
  • Current Tax: Nil (₹137.90 lakhs in H1 FY26)
  • Deferred Tax: (₹12.28) lakhs ((₹2.04) lakhs in H1 FY26)
  • Profit After Tax: (₹533.74) lakhs loss (₹437.59 lakhs profit in H1 FY26)
  • Earnings Per Share (Face Value ₹10):
  • Basic: (₹4.73) (₹5.28 in H1 FY26)
  • Diluted: (₹4.73) (₹5.28 in H1 FY26)

Consolidated Financial Performance:

  • Revenue from Operations: ₹477.15 lakhs (₹427.04 lakhs in H1 FY26)
  • Profit After Tax: (₹533.74) lakhs loss (₹437.59 lakhs profit in H1 FY26)
  • Attributable to Shareholders: (₹533.74) lakhs
  • Non-controlling interest: Nil
  • EPS remains same as standalone

Balance Sheet Position as at September 30, 2026

Standalone:

  • Total Equity and Liabilities: ₹1,491.58 lakhs (₹1,447.57 lakhs as at March 31, 2026)
  • Share Capital: ₹112.80 lakhs (unchanged)
  • Reserves and Surplus: ₹380.56 lakhs (₹433.93 lakhs)
  • Long Term Borrowings: ₹273.82 lakhs (₹247.26 lakhs)
  • Short Term Borrowings: ₹341.58 lakhs (₹302.18 lakhs)
  • Total Assets: ₹1,491.58 lakhs (₹1,447.57 lakhs)
  • Property, Plant and Equipment: ₹492.73 lakhs (₹491.97 lakhs)
  • Capital Work-in-progress: ₹109.01 lakhs (₹50.11 lakhs)
  • Inventory: ₹487.55 lakhs (₹512.47 lakhs)
  • Trade Receivables: ₹234.06 lakhs (₹226.25 lakhs)
  • Cash and Cash Equivalents: ₹56.06 lakhs (₹54.74 lakhs)

Consolidated:

  • Balance sheet largely mirrors standalone figures with minor adjustments
  • Minority Interest: ₹0.21 lakhs (unchanged)

Cash Flow Statement - Half Year Ended September 30, 2026

Standalone:

  • Net cash from operating activities: ₹65.76 lakhs
  • Net cash used in investing activities: (₹88.09) lakhs
  • Net cash from financing activities: ₹23.64 lakhs
  • Net increase in cash: ₹1.31 lakhs

Consolidated:

  • Cash flow patterns similar to standalone

Key Events and Notes

Corporate Actions:

  • Company completed Initial Public Offering (IPO) and listed on BSE SME Platform on October 6, 2025
  • Share capital increased to ₹112.80 lakhs from ₹82.80 lakhs post-IPO

Subsidiary Information:

  • Ameenji Rubber Limited subscribed 90% shareholding of Ameenji Rubber Inc. (North Carolina, USA) on June 21, 2024
  • Purchase consideration remains unpaid as of reporting date
  • Subsidiary financials show nil revenue and net profit as of September 30, 2026

Accounting Policies:

  • Financial results prepared in accordance with Accounting Standards prescribed under Companies Act, 2013
  • IND AS not applicable as company listed on SME platform
  • Basic and diluted EPS computed in accordance with AS 20 using weighted average number of equity shares
  • Company operates in single business segment (rubber and rubber-based engineering products)
  • No provision for current tax made due to loss position; deferred tax recognized as per AS 22

Audit Review:

  • Statutory Auditors M M Reddy & Co. conducted limited review as required by Regulation 33 of SEBI (LODR) Regulations, 2015
  • Issued unmodified opinion on both standalone and consolidated financial results
  • Review conducted in accordance with SRE 2410 issued by ICAI

Board Meeting Details:

  • Meeting held on November 14, 2026 from 3:30 PM to 4:30 PM IST
  • Results reviewed and recommended by Audit Committee and approved by Board of Directors