Board Meeting Details

The Board of Directors meeting was held on October 26, 2026, commencing at 11:00 A.M. and concluding at 12:15 P.M.

Key Decisions Approved

1. Approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026

2. Approved acquisition of additional 31% equity stake in SG Enterprise Solutions Private Limited comprising 15,500 equity shares of ₹10 each for aggregate cash consideration of ₹1,55,000 (Rupees One Lakh Fifty-Five Thousand only)

Acquisition Details of SG Enterprise Solutions Private Limited

  • Target Entity: SG Enterprise Solutions Private Limited
  • Current Holding: 20%
  • Additional Acquisition: 31% (15,500 equity shares)
  • Post-acquisition Holding: 51% (making SSC a subsidiary)
  • Consideration: ₹1,55,000 cash
  • Sellers: SG Green Buildings Private Limited (7,750 shares) and S Gupta Holding Private Limited (7,750 shares)
  • Related Party Status: Yes - S Gupta Holding Private Limited is a promoter group company, and promoters hold more than 20% in SG Green Buildings Private Limited
  • Arm's Length Basis: Transaction will be undertaken on arm's length basis
  • Business: Group Shared Services Company providing common corporate support services through centralized shared services model
  • Incorporation Date: September 10, 2026 (newly incorporated, yet to commence operations)
  • Issued Capital: 50,000 equity shares of ₹10 each
  • Regulatory Approvals: None required
  • Expected Completion: By December 31, 2026
  • Country: India

Financial Results - Consolidated (Quarter ended September 30, 2026)

  • Revenue from Operations: ₹7,001.70 crore
  • Sale of products: ₹6,796.65 crore
  • Other operating income: ₹205.05 crore
  • Other Income: ₹40.16 crore
  • Total Income: ₹7,041.86 crore
  • Expenses: ₹6,542.11 crore
  • Cost of materials consumed: ₹5,596.14 crore
  • Purchase of stock-in-trade: ₹216.79 crore
  • Changes in inventories: ₹85.57 crore
  • Employee benefits: ₹106.48 crore
  • Finance costs: ₹52.40 crore
  • Depreciation: ₹65.87 crore
  • Other expenses: ₹418.91 crore
  • Profit Before Tax: ₹499.70 crore
  • Tax Expense: ₹117.28 crore
  • Current tax: ₹131.12 crore
  • Income tax related to earlier years: ₹0.19 crore
  • Deferred tax credit: ₹(14.03) crore
  • Net Profit: ₹382.42 crore
  • EPS (Basic): ₹13.62
  • EPS (Diluted): ₹13.61

Half Year Consolidated Results (April-September 2026)

  • Revenue from Operations: ₹12,608.41 crore
  • Net Profit: ₹645.53 crore
  • EPS (Basic): ₹23.25

Subsidiary Updates

1. Blue Ocean Projects Private Limited: Sold during quarter ended June 30, 2026 for ₹160.00 crores (carrying amount ₹150.30 crores). Gain of ₹9.70 crore recognized in other income during current quarter.

2. Apollo Metalex Limited: Board approved rationalization of manufacturing operations. Land and building of A-25 Unit (₹15.59 crores) classified as held for sale.

3. APL Apollo Mart Limited: Liquidation process completed during quarter ended September 30, 2025. Dissolution order awaited from NCLT.

Auditor's Review

Walker Chandiok & Co LLP conducted limited review of both standalone and consolidated financial results. Their review report includes reliance on other auditors for one subsidiary representing significant assets and revenues.

Key Financial Ratios (Consolidated)

  • Debt-Equity Ratio: (0.28)
  • Current Ratio: 1.39
  • Net Worth: ₹5,740.31 crore
  • Operating Margin: 8.25%
  • Net Profit Margin: 5.46%
  • Inventory Turnover: 15.12 times (annualized)
  • Debtors Turnover: 76.94 times (annualized)

Documents Enclosed

1. Unaudited Financial Results with Limited Review Reports by Walker Chandiok & Co LLP

2. Disclosures required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026