Board Meeting Details

The Board of Directors meeting was held on Thursday, 12th November 2026, commencing at 04:00 PM and concluding at 04:50 PM.

Key Decisions Approved

1. Approved and taken on record the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2026.

2. Noted the Limited Review Report received from the Statutory Auditors of the Company.

Trading Window Closure

The Trading Window shall continue to remain closed till the expiry of forty-eight hours from the publication of the unaudited financial results for the quarter ended 30th September 2026.

Financial Results Highlights (Quarter Ended September 30, 2026)

  • Revenue from Operations (Net of GST): ₹1,015.50 lakhs
  • Other Income: ₹50.98 lakhs
  • Total Income: ₹1,066.47 lakhs
  • Profit Before Tax: ₹227.20 lakhs
  • Tax Expenses: ₹58.51 lakhs (Current Tax)
  • Net Profit for the period: ₹169.83 lakhs
  • Basic EPS: ₹2.33 (Face value of ₹10 each)
  • Diluted EPS: ₹2.33 (Face value of ₹10 each)

Financial Results Highlights (Half Year Ended September 30, 2026)

  • Revenue from Operations (Net of GST): ₹1,332.21 lakhs
  • Other Income: ₹115.00 lakhs
  • Total Income: ₹1,447.20 lakhs
  • Profit Before Tax: ₹353.81 lakhs
  • Tax Expenses: ₹90.44 lakhs (Current Tax)
  • Net Profit for the period: ₹264.13 lakhs
  • Basic EPS: ₹3.63 (Face value of ₹10 each)
  • Diluted EPS: ₹3.63 (Face value of ₹10 each)

Limited Review Report by Statutory Auditors

CA Naresh Patadia & Company (FRN-106936W) issued a limited review report dated 12/11/2026 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 Co-operative Bank Ltd. and ₹3.51 lakhs in equity shares of Shri Anand Nagari Sahakari Bank Ltd., considering them fully recoverable.

2. Note No. 5: Revenue recognition policy based on client approval and acceptance (mainly NHAI & PWD) resulted in decrease in Revenue receipts by ₹497.92 lakhs (bills pending acceptance), consequent increase in work in progress by ₹387.42 lakhs (at cost), and reduction in Profit by ₹110.50 lakhs.

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

Balance Sheet Highlights (As at September 30, 2026)

  • Total Assets: ₹11,980.72 lakhs
  • Property, Plant and Equipment: ₹1,383.89 lakhs
  • Non-Current Investments: ₹3,200.00 lakhs
  • Work in Progress: ₹387.42 lakhs
  • Trade Receivables: ₹1,568.69 lakhs
  • Cash & Cash Equivalents: ₹402.13 lakhs
  • Total Equity: ₹7,325.85 lakhs (Share Capital: ₹727.50 lakhs, Other Equity: ₹6,598.35 lakhs)
  • Long Term Borrowings: ₹600.92 lakhs
  • Short Term Borrowings: ₹1,110.80 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Cash generated from operations: ₹(351.92) lakhs
  • Income taxes paid: ₹(117.87) lakhs
  • Net cash from operating activities: ₹(0.77) lakhs
  • Net cash from investing activities: ₹77.56 lakhs
  • Net cash from financing activities: ₹102.62 lakhs
  • Net increase in cash: ₹179.41 lakhs
  • Cash at beginning: ₹21.24 lakhs
  • Cash at end: ₹200.65 lakhs

Additional Notes to Financial Results

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

2. Figures for previous periods have been restated/regrouped for comparability.

3. The company's proportionate share in joint venture: Revenue ₹0.00 lakhs, Expenditure ₹0.00 lakhs, Share of loss ₹0.00 lakhs.