The Board approved and took on record the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report received from the Statutory Auditors of the Company, CA Naresh Himmatlal Patadia.

The Trading Window shall remain closed until the expiry of forty-eight hours from the publication of these unaudited financial results.

Financial Results for Quarter Ended June 30, 2026 (₹ in Lakhs)

  • Revenue from Operations (Net of GST): 316.71 (Previous Quarter: 1,432.55; Q1 FY26: 351.67; FY26: 3,225.18)
  • Other Income: 64.02 (Previous Quarter: 41.05; Q1 FY26: 130.52; FY26: 388.86)
  • Total Income: 380.73 (Previous Quarter: 1,473.60; Q1 FY26: 351.67; FY26: 3,614.04)
  • Total Expenses: 254.12 (Previous Quarter: 1,368.70; Q1 FY26: 217.22; FY26: 2,929.00)
  • Profit before Exceptional Items & Tax: 126.61 (Previous Quarter: 104.90; Q1 FY26: 134.45; FY26: 685.05)
  • Exceptional Items - Profit on Sale of Assets: 0.00 (Previous Quarter: -3.93; Q1 FY26: 0.00; FY26: -3.93)
  • Profit before tax: 126.61 (Previous Quarter: 100.97; Q1 FY26: 134.45; FY26: 681.12)
  • Tax Expenses: 32.31 (Current Tax: 31.93; Deferred Tax Liability: 0.38; Previous Quarter: 14.83; Q1 FY26: 32.63; FY26: 158.51)
  • Net Profit for the period: 94.30 (Previous Quarter: 86.14; Q1 FY26: 101.81; FY26: 522.61)
  • Total Comprehensive Income for the period: 94.30 (Previous Quarter: 93.78; Q1 FY26: 101.81; FY26: 530.25)
  • Paid-up equity share capital (Face value ₹10/- each): 727.50 (Previous Quarter: 721.50; Q1 FY26: 727.50; FY26: 727.50)
  • Basic EPS (₹): 1.30 (Previous Quarter: 1.29; Q1 FY26: 1.40; FY26: 7.29)
  • Diluted EPS (₹): 1.30 (Previous Quarter: 1.29; Q1 FY26: 1.40; FY26: 7.29)

Auditor's Limited Review Report

The statutory auditors, CA Naresh Himmatlal Patadia, issued a limited review report with two emphasis matters:

1. Note No. 3: Management's opinion that there is no decline in the carrying value of investments aggregating to ₹5.01 Lakhs in equity shares of Shri Ram Urban Cooperative Bank Ltd. and ₹3.51 Lakhs in equity shares of Shri Anand Nagari Sahakari Bank Ltd., considering them fully recoverable.

2. Note No. 5: The company changed its accounting policy to recognize receipts on an accrual basis only after receiving approval and acceptance from clients (mainly NHAI & PWD). This change resulted in:

  • Increase in work in progress: ₹304.63 Lakhs
  • Reduction in Sales: ₹517.82 Lakhs
  • Reduction in Profits: ₹213.19 Lakhs

The auditors' opinion is not modified in respect of these matters.

Additional Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board of Directors on 11th August 2026.

2. Prepared in accordance with Indian Accounting Standard (IND-AS) 34.

3. The company assesses no decline in carrying value of investments totaling ₹8.52 Lakhs in two cooperative banks and considers them fully recoverable without need for impairment provision under Ind-AS 109.

4. The company has only one reportable segment: "Project Consultancy" as per IND-AS 108.

5. The new accounting policy recognizes revenue only after client approval. Revenue from services billed was ₹396.21 Lakhs, while services with proforma invoices amounting to ₹517.82 Lakhs remain unbilled pending client approval. After adjusting for operating profit ratio (average of last three financial years) and cost of services, ₹304.63 Lakhs is considered work in progress.

6. Previous period figures have been restated/regrouped for comparability.