Key Financial Performance (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Net Sales/Income from Operations: ₹3,515.01
  • Other Income: ₹8.44
  • Total Income: ₹3,523.45
  • Total Expenses: ₹3,584.75
  • Profit/(Loss) Before Tax: ₹(61.30) loss
  • Tax Expense: ₹(10.98) credit
  • Net Profit/(Loss) for Quarter: ₹50.32 profit
  • Basic & Diluted EPS: ₹0.29

Half Year Ended September 30, 2026:

  • Net Sales/Income from Operations: ₹6,522.43
  • Other Income: ₹18.18
  • Total Income: ₹6,540.61
  • Total Expenses: ₹6,559.69
  • Profit/(Loss) Before Tax: ₹(19.08) loss
  • Tax Expense: ₹0.00
  • Net Profit/(Loss) for H1: ₹(19.08) loss
  • Basic & Diluted EPS: ₹(0.11)

Comparative H1 FY26: Net Profit of ₹95.55 lakh with EPS of ₹0.55

Balance Sheet Highlights (As at September 30, 2026)

  • Total Assets: ₹5,930.32 lakh (Mar'26: ₹4,869.69 lakh)
  • Fixed Assets: ₹656.39 lakh (Mar'26: ₹557.15 lakh)
  • Trade Receivables: ₹3,815.38 lakh (Mar'26: ₹3,077.14 lakh)
  • Cash & Cash Equivalents: ₹584.70 lakh (Mar'26: ₹581.94 lakh)
  • Short-term Loans & Advances: ₹429.02 lakh (Mar'26: ₹263.03 lakh)
  • Equity Share Capital: ₹1,740.82 lakh (unchanged)
  • Other Equity: ₹34.44 lakh (Mar'26: ₹53.52 lakh)
  • Long-term Borrowings: ₹230.77 lakh (Mar'26: ₹242.44 lakh)
  • Short-term Borrowings: ₹3,393.76 lakh (Mar'26: ₹2,449.00 lakh)
  • Trade Payables: ₹237.82 lakh (Mar'26: ₹80.92 lakh)

Cash Flow Statement (H1 FY27)

  • Net Cash Flow from Operating Activities: ₹(761.33) lakh outflow
  • Net Cash Flow from Investing Activities: ₹(169.00) lakh outflow
  • Net Cash Flow from Financing Activities: Not quantified in disclosure

Pending Litigations

The company disclosed three significant pending litigations:

1. Usha Martin Ltd.

  • Matter: Transportation of Goods & Services
  • Claim Amount: ₹1,04,88,499/-
  • Status: Pending before Honourable Calcutta High Court

2. Rawal Investments

  • Matter: Rent Control Act, Maharashtra
  • Claim Amount: ₹40,00,000/-
  • Status: Pending before Honourable Registrar Court of Small Causes Mumbai. Company has deposited ₹29.76 lakhs with the court.

3. IDBI BANK LTD.

  • Matter: Corporate Guarantee
  • Claim Amount: ₹57,83,61,090/-
  • Status: Pending before Honourable High Court of Karnataka Bengaluru. Company deposited ₹1 crore under protest per court order dated 04.09.2024. Additional Section 7 petition filed before NCLT Kolkata Bench on 13.03.2026 for ₹2.39 crore recovery based on DRT certificate dated 29.05.2009.

Auditor Review

Statutory auditors Sambhu N. De & Co. conducted a limited review under SRE 2410 and issued a clean review report dated November 13, 2026, stating no material misstatements were found in the financial results prepared under Ind AS 34.

Additional Information

  • The company has adopted Indian Accounting Standards (Ind AS)
  • Financial results were reviewed by the Audit Committee and approved by the Board
  • Paid-up equity share capital remains unchanged at ₹1,740.82 lakh (face value ₹10 each)