Board Meeting Details

The Board of Directors meeting was held on Thursday, 13th August, 2026 at the Registered Office of the Company situated at Building No. GB-200B, Green Base Industrial & Logistics Park, Thriveni Nagar, Vadakapattu Village, Vadakkupattu, Kanchipuram, Chengalpattu, Tamil Nadu, India – 603 204. The meeting commenced at 02:00 P.M. and concluded at 05:30 P.M.

Key Approvals and Outcomes

1. Financial Results: Approved the Standalone and Consolidated Unaudited Financial Results of the Company for the Quarter ended on 30th June, 2026 along with Limited Review Report.

2. Fund Utilization Statements:

  • Statement of Deviations/Variations for proceeds raised through Issue of equity shares on Preferential basis on 19th October, 2024 for the Quarter ended on 30th June, 2026 as per Regulation 32 of SEBI (LODR) Regulations, 2015
  • Statement of Deviations/Variations for proceeds raised through Issue of Equity shares and Convertible Warrants on Preferential basis on 17th November, 2025 for the Quarter ended on 30th June, 2026 as per Regulation 32 of SEBI (LODR) Regulations, 2015

3. Committee Reconstitutions:

  • Reconstitution of the Audit Committee (AC) effective 13th August, 2026
  • Reconstitution of the Stakeholder's Relationship Committee (SRC) effective 13th August, 2026
  • Constitution of the Corporate Social Responsibility (CSR) Committee effective 13th August, 2026

4. AGM Approval: Approved the Notice of the 34th Annual General Meeting (AGM), Director's Report and related documents. Decided to hold the 34th AGM on Friday, 11th September, 2026 at 03:00 P.M. through Video Conferences (VC) / Other Audio-Visual Means (OAVM).

Financial Results - Standalone (₹ in lakhs)

Quarter Ended June 30, 2026:

  • Revenue From Operations: ₹5,000.60
  • Other Income: ₹42.09
  • Total Revenue: ₹5,042.69
  • Total Expenses: ₹3,363.65
  • Profit Before Tax: ₹1,679.05
  • Tax Expense: ₹423.32 (Current Tax) + ₹4.46 (Deferred Tax)
  • Net Profit: ₹1,251.27
  • Basic EPS: ₹4.52
  • Diluted EPS: ₹4.35
  • Paid-up Equity Share Capital: ₹2,766.96 lakhs
  • Face Value per Share: ₹10.00

Comparative Figures:

  • Q1 FY26 (June 30, 2025): Revenue ₹675.00, Net Profit ₹60.51
  • Q4 FY26 (March 31, 2026): Revenue ₹4,587.33, Net Profit ₹1,197.47
  • Full Year FY26: Revenue ₹14,996.73, Net Profit ₹3,675.20

Financial Results - Consolidated (₹ in lakhs)

Quarter Ended June 30, 2026:

  • Revenue From Operations: ₹5,028.10
  • Other Income: ₹42.09
  • Total Revenue: ₹5,070.19
  • Total Expenses: ₹3,388.02
  • Profit Before Tax: ₹1,682.17
  • Tax Expense: ₹424.11 (Current Tax) + ₹4.46 (Deferred Tax)
  • Profit Before Minority Interest: ₹1,253.61
  • Minority Interest: ₹1.10
  • Net Profit: ₹1,252.51
  • Basic EPS: ₹4.53
  • Diluted EPS: ₹4.36

Committee Compositions

Audit Committee (effective August 13, 2026):

  • Ms. Tarja Hannele Rapala Virtanen (Chairperson, Non-Executive and Independent Director)
  • Mr. Alan M Wagner (Member, Non-Executive and Independent Director)
  • Mr. Vishaal Nandam (Member, Non-Executive and Non-Independent Director)

Stakeholder's Relationship Committee (effective August 13, 2026):

  • Ms. Tarja Hannele Rapala Virtanen (Chairperson, Non-Executive and Independent Director)
  • Mr. Alan M Wagner (Member, Non-Executive and Independent Director)
  • Mr. Vishaal Nandam (Member, Non-Executive and Non-Independent Director)

CSR Committee (effective August 13, 2026):

  • Ms. Tarja Hannele Rapala Virtanen (Chairperson, Non-Executive and Independent Director)
  • Ms. Uma Nandam (Member, Non-Executive and Independent Director)
  • Mr. Eswara Rao Nandam (Member, Non-Executive and Non-Independent Director)

Fund Utilization Statements

Preferential Issue dated October 19, 2024 (Amount Raised: ₹28,50,12,000)

  • No deviations/variations in use of funds
  • Monitoring Agency: Not Applicable
  • Funds utilized: ₹20.36 crores out of ₹28.50 crores raised
  • Original objects: Acquisition of Land (₹10.00 cr), Construction of Building (₹10.00 cr), Purchase of Machinery (₹10.00 cr), General Corporate Purpose (₹0.158 cr), Acquisitions of companies (₹10.00 cr)
  • Actual utilization: Acquisition of Land (₹9.00 cr), Purchase of Machinery (₹9.00 cr), General Corporate Purpose (₹0.11 cr), Acquisitions of companies (₹2.25 cr)
  • Unutilized proceeds are part of bank balance

Preferential Issue dated November 17, 2025 (Amount Raised: ₹53,66,50,000)

  • No deviations/variations in use of funds
  • Monitoring Agency: Not Applicable
  • Funds utilized: ₹53.67 crores out of ₹97.07 crores allocated
  • Original objects: Working Capital - Equity Shares (₹49.87 cr), Working Capital - Convertible Warrants (₹47.20 cr)
  • Actual utilization: Working Capital - Equity Shares (₹39.02 cr), Working Capital - Convertible Warrants (₹14.65 cr)

Auditor Review

D G M S & Co., Chartered Accountants (FRN: 112187W) provided limited review reports for both standalone and consolidated financial results dated August 13, 2026. The auditors concluded that nothing has come to their attention that causes them to believe that the financial statements contain any material misstatement.

Additional Information

  • The Company operates in a single reportable business segment: Manufacturing Segment
  • The financial results have been prepared in accordance with Ind AS 34
  • The Audit Committee reviewed and the Board of Directors approved the results on August 13, 2026
  • Figures for corresponding previous periods have been regrouped/reclassified for comparability