Board Meeting Details

The Board of Directors meeting was held on Wednesday, October 14, 2026, commencing at 04:00 pm and concluding at 04:25 pm. The meeting approved the Un-Audited Standalone Financial Results for the quarter and half year ended September 30, 2026.

Financial Results Overview

Quarterly Performance (Q2 FY2026)

  • Revenue from Operations: ₹127.40 lakh
  • Total Revenue: ₹127.40 lakh (including Other Income: ₹0.00 lakh)
  • Total Expenses: ₹114.99 lakh
  • Cost of materials consumed: ₹94.90 lakh
  • Employee benefits expense: ₹4.98 lakh
  • Other expenses: ₹15.11 lakh
  • Profit before tax: ₹12.41 lakh
  • Net Profit for the period: ₹12.41 lakh
  • Earnings per share (Basic and Diluted): ₹0.95

Half-Yearly Performance (H1 FY2026)

  • Revenue from Operations: ₹231.90 lakh
  • Total Revenue: ₹231.90 lakh
  • Total Expenses: ₹213.85 lakh
  • Profit before tax: ₹18.05 lakh
  • Net Profit for the period: ₹18.05 lakh
  • Earnings per share (Basic and Diluted): ₹1.39

Comparative Figures

  • Q2 FY2025: Revenue from Operations ₹0.00 lakh, Net Loss ₹8.65 lakh
  • H1 FY2025: Revenue from Operations ₹0.00 lakh, Net Loss ₹30.16 lakh
  • FY2026 (Audited): Total Revenue ₹253.64 lakh, Net Profit ₹33.14 lakh

Capital Structure

  • Paid-up Equity Share Capital (Face value ₹10 each): ₹130.00 lakh (increased from ₹100.00 lakh as of March 31, 2026)
  • Other Equity: ₹771.20 lakh (increased from ₹33.14 lakh as of March 31, 2026)
  • Total Equity: ₹901.20 lakh

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹1,070.75 lakh
  • Current Assets: ₹1,070.75 lakh
  • Inventories: ₹130.77 lakh
  • Trade Receivables: ₹239.56 lakh
  • Cash and Cash Equivalents: ₹1.19 lakh
  • Bank Balance other than cash equivalents: ₹4.74 lakh
  • Other Current Assets: ₹694.49 lakh
  • Total Liabilities: ₹169.55 lakh
  • Current Borrowings: ₹28.24 lakh
  • Trade Payables: ₹126.56 lakh
  • Other Current Liabilities: ₹14.75 lakh
  • Net Worth: ₹901.20 lakh

Audit Qualification

The statutory auditors, J.M. Patel & Bros., issued a qualified limited review report. The qualification relates to certain old bank accounts that have remained without transactions for a long period. Bank statements, balance confirmations, or other sufficient supporting evidence for these accounts were not made available to the auditors, restricting their ability to verify the existence, balances, ownership, and completeness of such bank accounts as at September 30, 2026.

Management Response

Management stated that after the change of management on May 2, 2025, the new management has been making efforts to trace the bank accounts and obtain confirmations from the bank. The financial impact of this qualification has not been quantified by either management or the auditors.