Board Meeting Details
The Board of Directors meeting commenced at 05:15 PM and concluded at 06:00 PM on 04th November, 2026.
Key Decisions Approved
1. Considered, approved and took on record the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half year ended 30th September, 2026 as per Regulation 33 of the listing regulations
2. Considered and approved the issue of duplicate Share Certificate for shareholder Mohanlal Damji Bhanushali (Folio Number M010104, Distinctive Numbers 1473201-1473520) for 320 shares
Financial Results Overview
Standalone Financial Performance (Amount in ₹ Lakhs)
Quarter Ended 30/09/2026 (Unaudited):
- Total Income: Minimal/nil (symbols indicate negligible amounts)
- Total Expenses: ₹24.44
- Loss before tax: (₹24.44)
- Tax Expenses: ₹1.03 (Deferred Tax)
- Net Loss after tax: (₹25.47)
- Basic EPS: (₹0.11)
- Diluted EPS: (₹0.11)
Half Year Ended 30/09/2026 (Unaudited):
- Total Income: Minimal/nil
- Total Expenses: ₹41.46
- Loss before tax: (₹41.46)
- Tax Expenses: ₹2.05 (Deferred Tax)
- Net Loss after tax: (₹43.51)
- Basic EPS: (₹0.19)
- Diluted EPS: (₹0.19)
Comparative Figures (Audited for FY ended 31/03/2026):
- Net Profit after tax: ₹75.52
- Basic EPS: ₹0.34
Consolidated Financial Performance (Amount in ₹ Lakhs)
Quarter Ended 30/09/2026 (Unaudited):
- Total Income: ₹0.45
- Total Expenses: ₹25.78
- Loss before tax: (₹25.32)
- Tax Expenses: ₹1.03 (Deferred Tax)
- Net Loss after tax: (₹26.35)
- Total Comprehensive Income: (₹26.35)
- Attributable to Parent: (₹17.08)
- Attributable to Non-Controlling Interest: (₹9.27)
- Basic EPS: (₹0.12)
- Diluted EPS: (₹0.12)
Half Year Ended 30/09/2026 (Unaudited):
- Total Income: ₹0.45
- Total Expenses: ₹59.62
- Loss before tax: (₹59.16)
- Tax Expenses: ₹2.05 (Deferred Tax)
- Net Loss after tax: (₹61.21)
- Total Comprehensive Income: (₹61.21)
- Attributable to Parent: (₹60.03)
- Attributable to Non-Controlling Interest: (₹1.18)
- Basic EPS: (₹0.27)
- Diluted EPS: (₹0.27)
Comparative Figures (Audited for FY ended 31/03/2026):
- Net Loss after tax: (₹235.34)
- Basic EPS: (₹1.05)
Balance Sheet Position
Standalone (as at 30/09/2026, Unaudited)
- Total Assets: ₹3,346.38 lakhs
- Equity Share Capital: ₹2,240.33 lakhs
- Other Equity: (₹765.25) lakhs
- Non-current borrowings: ₹1,069.99 lakhs
- Cash and cash equivalents: ₹0.60 lakhs
Consolidated (as at 30/09/2026, Unaudited)
- Total Assets: ₹6,594.38 lakhs
- Equity Share Capital: ₹2,240.33 lakhs
- Other Equity: (₹1,086.49) lakhs
- Non-Controlling Interest: (₹34.16)
- Non-current borrowings: ₹3,490.19 lakhs
- Inventories (Work in Progress): ₹5,431.27 lakhs
- Cash and cash equivalents: ₹11.84 lakhs
Subsidiary Information
The consolidated financial statements include results of subsidiary Avishkar Keval Kunj Redevelopment Private Limited, which is engaged as Builders & Developers of Real Estate and currently executing a residential redevelopment project named "Astoria" which is under construction.
Audit and Review
- The financial results were reviewed by the Audit Committee and adopted by the Board of Directors on 04th November, 2026
- Statutory auditors S D P M & Co. conducted limited review and issued unmodified review reports for both standalone and consolidated results
- The financial results were prepared in accordance with Ind AS 34 "Interim Financial Reporting"
Capital Structure
- Paid-up Equity Share Capital: ₹2,240.33 lakhs (22,403,300 shares of ₹10 face value each)
- No change in share capital during the period