Board Meeting Details

The Board of Directors meeting was held on Friday, November 06, 2026, commencing at 4:00 PM and concluding at 4:40 PM. The board approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2026.

Financial Results Overview

Standalone Financial Performance (H1 FY27)

  • Revenue from Operations: ₹26.37 crore
  • Other Income: ₹0.77 crore
  • Total Income: ₹26.45 crore
  • Total Expenses: ₹24.68 crore
  • Profit before tax: ₹20.06 crore (includes extraordinary item adjustment)
  • Tax Expense: ₹4.74 crore (Current Tax), (₹0.42 crore) Deferred Tax
  • Net Profit: ₹15.75 crore
  • Earnings Per Share (Basic & Diluted): ₹7.36
  • Paid-up Equity Share Capital: ₹21.40 crore
  • Face Value per Share: ₹10.00

Consolidated Financial Performance (H1 FY27)

  • Revenue from Operations: ₹36.39 crore
  • Other Income: ₹3.81 crore
  • Total Income: ₹36.77 crore
  • Total Expenses: ₹34.63 crore
  • Profit before tax: ₹23.70 crore (includes extraordinary item adjustment)
  • Tax Expense: ₹5.53 crore (Current Tax), (₹0.01 crore) Deferred Tax
  • Net Profit: ₹18.18 crore
  • Earnings Per Share (Basic & Diluted): ₹8.49

Comparative Financial Data

Standalone Comparison

| Period | Revenue | Net Profit | EPS |

| H1 FY27 (Unaudited) | ₹26.37 crore | ₹15.75 crore | ₹7.36 |

| H2 FY26 (Audited) | ₹19.20 crore | ₹13.32 crore | ₹7.75 |

| H1 FY26 (Audited) | ₹16.21 crore | ₹13.01 crore | ₹7.57 |

| FY26 (Audited) | ₹35.41 crore | ₹26.33 crore | ₹15.32 |

Consolidated Comparison

| Period | Revenue | Net Profit | EPS |

| H1 FY27 (Unaudited) | ₹36.39 crore | ₹18.18 crore | ₹8.49 |

| H2 FY26 (Audited) | ₹20.26 crore | ₹13.96 crore | ₹8.12 |

| H1 FY26 (Audited) | ₹16.21 crore | ₹13.01 crore | ₹7.57 |

| FY26 (Audited) | ₹36.47 crore | ₹26.98 crore | ₹15.69 |

Balance Sheet Position (Standalone as of September 30, 2026)

Equity and Liabilities

  • Shareholders' Funds: ₹19.08 crore (Share Capital: ₹21.40 crore, Reserves: ₹16.94 crore)
  • Non-current Liabilities: ₹15.30 crore (Long-term borrowings: ₹13.43 crore)
  • Current Liabilities: ₹7.47 crore (Short-term borrowings: ₹50.37 crore)
  • Total: ₹280.81 crore

Assets

  • Non-current Assets: ₹15.29 crore (Property, Plant & Equipment: ₹12.02 crore)
  • Current Assets: ₹12.79 crore (Inventories: ₹51.47 crore, Trade Receivables: ₹42.85 crore)
  • Total: ₹280.81 crore

Cash Flow Statement (Standalone H1 FY27)

  • Cash Flow from Operating Activities: (₹4.70) crore
  • Cash Flow from Investment Activities: (₹25.14) crore
  • Cash Flow from Financing Activities: ₹29.65 crore
  • Net Change in Cash: (₹0.19) crore
  • Closing Cash & Cash Equivalents: ₹2.57 crore

Subsidiary Information

  • Mundada Polymers Private Limited: Wholly owned subsidiary
  • Subsidiary Revenue: ₹1.22 crore
  • Subsidiary Net Profit: ₹2.43 crore

Important Notes

1. The financial results were reviewed by the Audit Committee and approved by the Board on November 06, 2026

2. Prepared in accordance with Accounting Standard 25 and SEBI LODR Regulations

3. Company operates in only one segment (no segment reporting required)

4. Exempt from IND-AS adoption as listed on SME exchange

5. EPS calculated on weighted average share capital, not annualized for half year

6. Previous periods' figures regrouped/rearranged where necessary

7. H2 FY26 figures derived as balancing figures between full year FY26 and H1 FY26

Corporate Action History

The company completed an initial public offering of 5,654,400 equity shares of ₹10 each at ₹186.00 per share. The shares were listed on the BSE SME platform on December 31, 2025.