Financial Results Overview

Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹6.35 lakh
  • Revenue from Operations: ₹6.26 lakh
  • Other Income: ₹0.85 lakh
  • Total Expenses: ₹7.50 lakh
  • Loss Before Tax: ₹1.16 lakh
  • Loss After Tax: ₹1.16 lakh
  • Basic and Diluted EPS: (₹1.13)

Half-Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹12.63 lakh
  • Revenue from Operations: ₹12.43 lakh
  • Other Income: ₹2.05 lakh
  • Total Expenses: ₹13.83 lakh
  • Loss Before Tax: ₹1.20 lakh
  • Loss After Tax: ₹1.20 lakh
  • Basic and Diluted EPS: (₹1.16)

Comparative Figures (Quarter Ended September 30, 2025):

  • Total Income: ₹8.23 lakh
  • Profit Before Tax: ₹1.84 lakh
  • Profit After Tax: ₹1.84 lakh
  • Basic and Diluted EPS: ₹1.78

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹19.23 crore
  • Current Assets: ₹5.25 crore (including Cash & Cash Equivalents: ₹0.76 crore)
  • Non-current Assets: ₹13.98 crore
  • Total Equity: ₹11.03 crore (Paid-up Equity Share Capital: ₹10.29 crore)
  • Total Liabilities: ₹8.19 crore

Legal Contingencies

Note 5 discloses three summary suits filed against the Company by lessors at Bhiwandi, claiming ₹111.50 lakh in aggregate (approximately ₹1.12 crore) for premature termination of leave-and-licence arrangements, plus interest at 12% p.a. and costs.

  • On May 06, 2026, the Trial Court rejected the Company's applications for leave to defend
  • The Company filed writ petitions before the Hon'ble Bombay High Court, which are pending
  • The Bombay High Court granted ad-interim relief subject to deposit of 50% of the claim (₹55.75 lakh), with time extended to early October 2026
  • Demand drafts of ₹42.79 lakh were tendered but not accepted by the Trial Court due to shortfall
  • These drafts were included under Other Current Financial Assets as at September 30, 2026
  • On October 05, 2026, the Company re-tendered them with further drafts of ₹12.96 lakh
  • Management assessment: Outcome remains uncertain, no liability crystallized, no provision made
  • Claim continues to be disclosed as contingent liability

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

  • Net Cash from Operating Activities: ₹0.81 lakh
  • Net Cash Used in Investing Activities: (₹6.48 lakh)
  • Net Cash Used in Financing Activities: (₹6.62 lakh)
  • Net Decrease in Cash and Cash Equivalents: (₹5.02 lakh)
  • Cash and Cash Equivalents at end of period: ₹0.76 lakh

Related Party Transactions (Half-Year Ended September 30, 2026)

The company disclosed transactions with related parties totaling approximately ₹1.28 crore:

1. Remuneration to Arvind Bhanushali (Relative of Promoter): ₹8.32 lakh

2. Sale of goods/services to Yashraj Biotechnology Limited (Promoter Group): ₹10.12 lakh

3. Sale of goods/services to Cirangutan Gaming Private Limited (KMP influenced enterprise): ₹0

4. Professional Consultancy Fees to Dr. Snehal Shah (Relative of MD): ₹12.30 lakh

5. Rent Expenses to Dr. Pankaj Shah (Relative of MD): ₹9.00 lakh

6. Rent Expenses to Smt. Shashibala J. Shah (Relative of MD): ₹192.75 lakh

7. Sale of goods/services to Chartered Finance Management Private Limited (Common Director): ₹3.46 lakh

8. Sale of goods/services to Yashraj Research Foundation (Common Promoters/Board of Trustee): ₹105.52 lakh

Board Meeting Details

  • Meeting held on November 06, 2026
  • Commenced at 01:30 PM IST and concluded at 04:00 PM IST
  • Mr. Nikunj Mange, Managing Director (DIN: 08489442) authorized to sign the financial results