Board Meeting Details

The Board of Directors meeting was held on 31st October, 2026, commencing at 12:00 Noon and concluding at 05:30 PM. The meeting was held at Chhatrapati Sambhajinagar (Aurangabad).

Key Approvals

The board considered and approved:

  • Un-Audited Quarterly and Half Yearly financial results for the Quarter and Half year ended 30th September, 2026
  • Limited Review report of Statutory Auditors thereon

Financial Results Summary (Standalone)

Income Statement Highlights (₹ in Lakhs)

For Quarter Ended 30.09.2026:

  • Income from Operations: ₹1,308.15
  • Total Income: ₹1,308.16
  • Total Expenses: ₹1,100.83
  • Profit from operations before other income: ₹207.33
  • Other Income: ₹20.70
  • Profit before finance cost: ₹228.03
  • Finance Cost: ₹20.83
  • Profit before tax: ₹207.20
  • Tax Expense: ₹0.00
  • Net Profit: ₹207.17
  • EPS (Basic): ₹1.79
  • EPS (Diluted): ₹1.79

For Six Months Ended 30.09.2026:

  • Income from Operations: ₹2,382.64
  • Total Income: ₹2,382.64
  • Total Expenses: ₹1,981.54
  • Profit from operations before other income: ₹401.10
  • Other Income: ₹29.93
  • Profit before finance cost: ₹431.03
  • Finance Cost: ₹42.29
  • Profit before tax: ₹388.74
  • Tax Expense: ₹0.00
  • Net Profit: ₹388.74
  • EPS (Basic): ₹3.33
  • EPS (Diluted): ₹3.33

Comparative Figures (₹ in Lakhs)

Quarter Ended 30.06.2026:

  • Income from Operations: ₹1,074.49
  • Net Profit: ₹181.65
  • EPS: ₹1.54

Quarter Ended 30.09.2025:

  • Income from Operations: ₹588.54
  • Net Profit: ₹45.43
  • EPS: ₹0.41

Six Months Ended 30.09.2025:

  • Income from Operations: ₹1,064.63
  • Net Profit: ₹160.63
  • EPS: ₹1.46

Balance Sheet Position (as at 30.09.2026)

  • Paid-up equity share capital: ₹1,181.35 lakhs (face value ₹10 per share)
  • Other Equity: ₹427.08 lakhs
  • Total Assets: ₹3,700.00 lakhs
  • Total Liabilities: ₹3,700.00 lakhs

Cash Flow Statement (Half Year Ended 30.09.2026)

  • Net cash from operating activities: ₹(13.91) lakhs
  • Net cash from investing activities: ₹(383.78) lakhs
  • Net cash from financing activities: ₹447.09 lakhs
  • Cash and cash equivalents opening balance: ₹21.23 lakhs
  • Cash and cash equivalents closing balance: ₹70.63 lakhs

Auditor's Limited Review Report

Gautam N Associates, Chartered Accountants issued a limited review report with the following observation:

  • The company has not provided for doubtful debts of ₹11.45 Lakhs
  • This represents the eighth consecutive qualification for this issue
  • The auditors state that except for this observation, nothing has come to their attention that causes them to believe the financial results contain material misstatement

Management's Response to Qualification

In Annexure E (Statement on Impact of Limited Review Report Qualifications), management states:

  • "The necessary arrangement for the recovery of debts is under process"
  • Management believes no adjustment to reported figures is necessary
  • The qualification does not impact turnover, total expenditure, net profit, or EPS figures

Related Party Transactions (Half Year Ended 30.09.2026)

Related Parties:

1. Arvind K Machhar - Key Managerial Personnel (KMP)

2. Machhar Packaging Services Private Limited - Promoters Group Company

3. Machhar Polymer Private Limited - Promoters Group Company

4. Raila Industrial Corporation Ltd - Promoters Group Company

5. Jyoti Bajpai - Company Secretary

6. Shrikant Wani - CFO

7. Avnish Kumar Shrivastav - CEO

Transaction Details (₹ in Lakhs):

  • Arvind K Machhar (Remuneration): ₹6.13
  • Arvind K Machhar (Unsecured Loan): ₹140.00
  • Machhar Packaging Services Private Limited (Inter Corporate Deposit): ₹95.00
  • Machhar Polymer Private Limited (Inter-corporate deposit): ₹60.00
  • Raila Industrial Corporation Limited (Inter-corporate deposit): ₹40.00
  • Jyoti Bajpai (Salary): ₹1.76
  • Shrikant Wani (Salary): ₹1.87
  • Avnish Kumar Shrivastav (Salary): ₹8.80