Board Meeting Details

The Board of Directors meeting was held on Friday, 06th November 2026 at the company's registered office in Ahmedabad. The meeting commenced at 04:15 PM and concluded at 04:45 PM.

Financial Results Approval

The Board approved the Standalone Unaudited Financial Results for the half year ended 30th September, 2026 along with the Limited Review Report of Statutory Auditors (Annexure-A).

Financial Performance Highlights (₹ Lakhs)

Income Statement:

  • Revenue from Operations: ₹6,125.66 (Unaudited, H1 FY27) vs ₹4,917.77 (Unaudited, H1 FY26) - 24.6% increase
  • Other Income: ₹30.32 (H1 FY27) vs ₹10.11 (H1 FY26)
  • Total Income: ₹6,155.98 (H1 FY27)
  • Cost of Materials Consumed: ₹4,948.88 (H1 FY27) vs ₹3,916.57 (H1 FY26)
  • Employee Benefits Expense: ₹192.09 (H1 FY27) vs ₹181.79 (H1 FY26)
  • Finance Costs: ₹117.81 (H1 FY27) vs ₹122.03 (H1 FY26)
  • Depreciation: ₹73.65 (H1 FY27) vs ₹63.70 (H1 FY26)
  • Profit Before Tax: ₹358.60 (H1 FY27) vs ₹355.70 (H1 FY26)
  • Tax Expense: ₹78.76 (H1 FY27) including Current Tax ₹61.00, Deferred Tax ₹16.93, and Prior Year Adjustment ₹0.83
  • Net Profit: ₹279.84 (H1 FY27) vs ₹186.67 (H1 FY26) - 49.9% increase

Earnings Per Share (Not Annualized):

  • Basic EPS: ₹1.42 (H1 FY27) vs ₹2.27 (H1 FY26)
  • Diluted EPS: ₹1.42 (H1 FY27) vs ₹2.27 (H1 FY26)

Balance Sheet Position as at 30-09-2026 (₹ Lakhs)

  • Share Capital: ₹1,968.87
  • Reserves & Surplus: ₹3,807.22
  • Total Shareholders' Funds: ₹5,776.09
  • Long-term Borrowings: ₹742.48
  • Short-term Borrowings: ₹2,315.45
  • Total Liabilities: ₹11,869.16
  • Property, Plant & Equipment: ₹2,080.99
  • Current Investments: ₹5,182.41
  • Inventories: Not quantified in disclosure
  • Cash and Bank Balance: ₹11.74
  • Total Assets: ₹11,869.16

Cash Flow Statement (H1 FY27, ₹ Lakhs)

  • Cash from Operating Activities: ₹125.49
  • Cash used in Investing Activities: ₹(48.32)
  • Cash used in Financing Activities: ₹(113.50)
  • Net Decrease in Cash: ₹(36.33)
  • Opening Cash Balance: ₹63.07
  • Closing Cash Balance: ₹11.74 (including ₹0.24 in current accounts, ₹10.10 in fixed deposits, and balance in cash credit)

IPO Fund Utilization Certificate

The auditors certified the utilization of IPO proceeds as of 30th September 2026:

  • Total Fresh Issue Proceeds: ₹3,289.34 Lakhs
  • Bank Account: Axis Bank Account No. 925020053501167

Utilization Details:

1. Solar Power Project Capex: Allocated ₹425.61 Lakhs, Utilized ₹425.61 Lakhs (100%)

2. Working Capital: Allocated ₹2,045.00 Lakhs, Utilized ₹2,073.15 Lakhs (101.4%)

3. General Corporate Purposes: Allocated ₹464.58 Lakhs, Utilized ₹464.58 Lakhs (100%)

4. Public Issue Expenses: Allocated ₹354.15 Lakhs, Utilized ₹326.00 Lakhs (92.1%)