Board Meeting Details
The Board of Directors meeting was held on August 8, 2026, from 11:00 AM to 6:35 PM at 109, Wing II, Hans Bhawan, Bahadur Shah Zafar Marg, New Delhi.
Key Business Approved
1. Approved Unaudited Standalone & Consolidated Financial Results for quarter ended June 30, 2026
2. Took on record Limited Review Report by statutory auditors M/s. Bhagi Bhardwaj Gaur & Co.
3. Reviewed statement of deviation/variation for fund utilization
Financial Performance Highlights (Standalone)
Quarter Ended June 30, 2026 (Unaudited):
- Revenue from operations: ₹2,519.52 lakh (63% increase from ₹1,549.79 lakh in Q1 FY26)
- Total Income: ₹2,536.15 lakh
- Profit before tax: ₹540.48 lakh (187% increase from ₹188.54 lakh in Q1 FY26)
- Net profit: ₹385.81 lakh (193% increase from ₹131.87 lakh in Q1 FY26)
- Basic EPS: ₹2.06 (compared to ₹0.86 in Q1 FY26)
- Paid-up share capital: ₹1,982.27 lakh
Comparative Performance:
- March 31, 2026 (Audited): Revenue ₹2,278.72 lakh, Net profit ₹194.50 lakh, EPS ₹0.90
- June 30, 2025 (Audited): Revenue ₹1,549.79 lakh, Net profit ₹131.87 lakh, EPS ₹0.86
Expense Breakdown (Standalone Q1 FY27):
- Cost of materials consumed: ₹1,567.43 lakh
- Employee benefit expense: ₹254.07 lakh
- Financial costs: ₹30.94 lakh
- Depreciation and amortization: ₹46.49 lakh
- Other expenses: ₹205.96 lakh
Tax Expense (Standalone Q1 FY27):
- Current tax: ₹106.07 lakh
- Deferred tax: ₹48.60 lakh
- Total tax expense: ₹154.67 lakh
Consolidated Financial Performance
Quarter Ended June 30, 2026 (Unaudited):
- Revenue from operations: ₹2,526.75 lakh
- Total Income: ₹2,538.48 lakh
- Profit before tax: ₹509.34 lakh
- Net profit: ₹361.86 lakh
- Basic EPS: ₹1.99
- Profit attributable to equity holders: ₹373.60 lakh
- Non-controlling interests: (₹11.74) lakh
Segment Reporting (Consolidated)
Printed Circuit Boards Segment:
- Q1 FY27 Revenue: ₹2,505.37 lakh
- Segment Result: ₹553.84 lakh
- Segment Assets: ₹9,242.75 lakh
- Segment Liabilities: ₹3,475.83 lakh
Electronics Manufacturing Services Segment (IOGEMS Technologies):
- Q1 FY27 Revenue: ₹21.38 lakh
- Segment Result: (₹18.65) lakh
- Segment Assets: ₹1,146.76 lakh
- Segment Liabilities: ₹281.17 lakh
- Total comprehensive loss: ₹23.95 lakh for the quarter
Additional Revenue Recognition
During the quarter, the company recognized additional revenue of ₹1.67 crore due to revision in selling prices pursuant to revised commercial terms with customers.
Fund Utilization Statement
Amount Raised: ₹33,84,46,312.5 through rights issue
Monitoring Agency: Brickwork Ratings India Private Limited
No deviation/variation in utilization of proceeds from equity share issuance
Fund Utilization Details:
- Capital Expenditure: Original allocation ₹13.18 crore, Revised allocation ₹13.31 crore, Utilized ₹4.53 crore
- Repayment of unsecured loans: Original allocation ₹4.90 crore, Utilized ₹3.80 crore
- Investment in subsidiary IOGEMS Technologies: Original allocation ₹13.00 crore, Utilized ₹8.00 crore
- General Corporate Purpose: Original allocation ₹0.89 crore, Revised allocation ₹0.76 crore, Utilized ₹0.33 crore
- Issue Expenses: Original allocation ₹0.48 crore, Utilized ₹0.48 crore
Current Status: ₹13.80 crore deposited in fixed deposits from rights issue proceeds, of which ₹7.80 crore matured and utilized during quarter, ₹6.00 crore yet to mature.