Board Meeting Details

The Board of Directors meeting was held on 27.10.2026, commencing at 12:30 PM and concluding at 02:00 PM.

Key Board Approvals

1. Approved and took on record the Unaudited Quarterly financial results for the quarter ended 30.09.2026 along with Limited Review Report, statement of assets and liabilities, and cash flow statement for the half year ended 30th September 2026.

2. Approved and took on record the related party transactions for the half year ended 30th September 2026.

3. Considered and granted in-principle omnibus approval for transactions in future with related parties.

4. Approved and fixed remuneration of Statutory Auditors for the Financial Year 2026-2027.

5. Took note of subsequent development in Consortium MOU between Shri Vrinda & the Company.

6. Took note of the sale deeds executed in pursuance to the consortium MOU with Shri Vrinda covering 875.86 sq. Yard and income therefrom.

7. Took note of CSR expenditure for the year 2026-2027.

8. Decided about spending of CSR expenditures on CSR activity for the year 2026-2027.

9. Reviewed all quarterly reports filed in BSE.

10. Reviewed the progress of the Company.

Financial Results Highlights (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹1,599.53 lakh (Previous quarter: ₹2,062.37 lakh; Year-ago quarter: ₹1,395.03 lakh)
  • Other Income: ₹4.15 lakh
  • Total Income: ₹1,603.68 lakh
  • Total Expenses: ₹1,392.22 lakh
  • Profit before exceptional items and tax: ₹211.46 lakh
  • Exceptional items: ₹407.31 lakh (related to land sale deeds)
  • Profit before tax: ₹618.77 lakh
  • Tax expenses: (₹0.76) lakh
  • Profit for the period: ₹619.53 lakh
  • Basic EPS: ₹1.17
  • Diluted EPS: ₹1.17

Half Year Performance (Ended September 30, 2026)

  • Revenue from Operations: ₹3,661.90 lakh (Previous H1: ₹2,920.92 lakh)
  • Total Income: ₹3,667.31 lakh
  • Profit before exceptional items and tax: ₹413.17 lakh
  • Exceptional items: ₹407.31 lakh
  • Profit before tax: ₹820.48 lakh
  • Profit for the period: ₹822.84 lakh
  • Basic EPS: ₹1.55
  • Diluted EPS: ₹1.55

Exceptional Items Detail

During the quarter, the company executed sale deeds of land in pursuance of the consortium MOU with Shri Vrinda Infracom Pvt. Ltd, and the income therefrom of ₹407.31 lakh has been shown under exceptional items.

Tax Position

No Income Tax provision has been made in view of carried forward losses and unabsorbed depreciation.

Business Overview

The Company is engaged in manufacturing and supplies of engineering equipment for various industries. The company has one operating segment and all assets are domiciled in India, with entire revenue earned from operations in India.

Significant Legal Development

In respect of the GST demand of ₹21.59 crores on account of sale/transfer of its leasehold premises (MIDC office), appeal filed by the company has been allowed by the Deputy Commissioner (A) vide its order dated 17.07.2026. The order also allowed refund of pre-deposit of ₹72.43 lakh.

Financial Position (As at September 30, 2026)

  • Total Assets: ₹27,507.64 lakh (Previous year end: ₹26,980.39 lakh)
  • Property, plant and equipment: ₹21,413.93 lakh
  • Inventories: ₹2,765.66 lakh
  • Trade and other receivables: ₹1,332.14 lakh
  • Cash and cash equivalents: ₹385.25 lakh
  • Equity Share capital: ₹5,255.57 lakh (unchanged)
  • Other equity: ₹16,878.95 lakh
  • Long term borrowings: ₹3,301.50 lakh

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

  • Net cash from operating activities: ₹169.04 lakh
  • Net cash used in investing activities: (₹104.56) lakh
  • Net cash used in financing activities: (₹344.42) lakh
  • Net decrease in cash: (₹279.94) lakh

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

The company disclosed transactions with related parties including:

  • Remuneration to Director Mr. Arun Kumar Sharma: ₹5.75 lakh
  • Remuneration to CFO Mr. Ravindra Chaturvedi: ₹5.10 lakh
  • Remuneration to Company Secretary Mrs. Sarada Patro: ₹4.62 lakh
  • Rent paid to Mrs. Anita M. Chaturvedi (relative of director): ₹4.80 lakh
  • Loan repaid to Seftech Phosphate Private Limited: ₹350.00 lakh (closing balance: ₹2,944.16 lakh receivable)
  • Lease rent to R.A. Agro Products: ₹2.00 lakh (closing balance: ₹6.00 lakh payable)
  • Balance receivable from Seftech India Private Limited: ₹437.76 lakh

Auditor Review

RHAD & Co., Chartered Accountants (FRN 102588W) issued a limited review report stating that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.