Board Meeting Outcomes
The Board of Directors meeting commenced at 4:30 PM and concluded at 5:15 PM on November 11, 2026. The Board:
1. Considered and approved the unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended September 30, 2026.
2. Reviewed the Statement of Utilization of issue proceeds raised through Preferential Issue of Warrants and Statement of Material Deviation under Regulation 32(1) of SEBI Listing Regulations.
Financial Results Overview
Standalone Financial Results (₹ lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹8,971.99
- Other income: ₹164.99
- Total income: ₹9,136.98
- Total expenses: ₹8,934.27
- Profit before tax: ₹202.71
- Current tax: ₹50.00
- Net profit: ₹152.71
- Basic EPS: ₹0.96
- Diluted EPS: ₹0.96
Half Year Ended September 30, 2026:
- Revenue from operations: ₹17,814.72
- Other income: ₹210.70
- Total income: ₹18,025.42
- Total expenses: ₹17,706.61
- Profit before tax: ₹318.81
- Current tax: ₹50.00
- Net profit: ₹268.81
- Basic EPS: ₹1.69
- Diluted EPS: ₹1.69
Comparative Figures (Quarter):
- September 30, 2025 revenue: ₹7,374.95
- September 30, 2025 net profit: ₹78.17
- June 30, 2026 revenue: ₹8,842.73
- June 30, 2026 net profit: ₹116.10
Consolidated Financial Results (₹ lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹8,994.69
- Other income: ₹163.10
- Total income: ₹9,157.79
- Total expenses: ₹8,964.48
- Profit before tax: ₹193.31
- Current tax: ₹50.00
- Net profit: ₹143.31
- Attributable to equity holders: ₹141.85
- Attributable to non-controlling interest: ₹1.46
- Basic EPS: ₹0.89
- Diluted EPS: ₹0.89
Half Year Ended September 30, 2026:
- Revenue from operations: ₹17,856.30
- Other income: ₹206.92
- Total income: ₹18,063.22
- Total expenses: ₹17,756.14
- Profit before tax: ₹307.08
- Current tax: ₹50.00
- Net profit: ₹257.09
- Attributable to equity holders: ₹254.21
- Attributable to non-controlling interest: ₹2.89
- Basic EPS: ₹1.60
- Diluted EPS: ₹1.60
Balance Sheet Highlights (Standalone)
As at September 30, 2026:
- Total assets: ₹42,459.39 lakh
- Property, plant and equipment: ₹8,429.35 lakh
- Inventories: ₹12,246.63 lakh
- Trade receivables: ₹11,083.08 lakh
- Cash and cash equivalents: ₹508.58 lakh
- Total equity: ₹10,888.73 lakh
- Borrowings: ₹17,381.93 lakh (Non-current: ₹4,506.75 lakh; Current: ₹12,875.18 lakh)
- Trade payables: ₹10,180.89 lakh
Cash Flow Statement (Standalone)
Half Year Ended September 30, 2026:
- Net cash used in operating activities: ₹(103.72) lakh
- Net cash used in investing activities: ₹(879.65) lakh
- Net cash from financing activities: ₹1,272.45 lakh
- Net increase in cash: ₹289.09 lakh
Fund Utilization Statement
The Company raised ₹210 lakh (25% of warrant issue price) through preferential issue of warrants on September 7, 2026. The entire amount remains unutilized as of September 30, 2026, with no deviation or variation from the specified objects (Greenfield API Manufacturing Facility at Yadgiri, Karnataka).
Auditor Review
M/s. S S J N B & Co, Chartered Accountants (Firm registration number: 013976S) issued unmodified review opinions on both standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.